Trump says Biden caused the affordability crisis: 'I'm fixing it!'
WASHINGTON, DC: President Donald Trump once more held former President Joe Biden responsible for the increasing cost of living in the US.
In a Truth Social post on Saturday, December 6, the Republican leader claimed that the ongoing crisis of affordability is a direct consequence of the policy changes that came before his tenure, largely casting the blame for the affordability crisis on his predecessor.
Trump says he is 'fixing' the affordability crisis along with everything else
Trump argued that Democrats’ economic policies had devastated purchasing power for ordinary Americans and implied that under his leadership, the situation will improve.
The president specifically took aim at analysis from stockbroker Peter Schiff, who appeared on Fox News' 'Fox & Friends' recently, calling the guest a “Trump hating loser who has already proven to be wrong.”
“Either the show made a mistake, or it is heading in a different direction,” Trump wrote on Truth Social. “He thinks prices are going up when, in fact, they are coming substantially down. Gasoline hit $1.99 a gallon yesterday, in certain states, and is down BIG since [former President] Biden.”
“Other prices are almost all down. Biden caused the AFFORDABILITY CRISIS, I’M FIXING IT, along with everything else!” he insisted. “Much of it, like the Border, is already fixed."
Trump administration has been facing criticism over affordability crisis
Last month, while attending the McDonald’s Impact Summit, Trump said Americans are “so damn lucky” that he won in 2024.
“Welfare was going up. Everything was going up. Government jobs were going up, real jobs were going down,” Trump told the crowd, referring to conditions under the Biden administration. “So, you would have had that catastrophe, and on top of that, instead of $20 trillion coming in, you would have had $10 trillion leaving our country.”
The Trump administration has been criticized over the problem of affordability in the last few weeks, which the president referred to as a Democratic "con job."
However, worries about the costs of even the most necessary things were among the issues that were raised during the record-long government shutdown and after Democrats made important victories in the 2025 election cycle.
The White House has highlighted recent moves such as lowering tariffs on certain imported goods, relaxing fuel regulations, and negotiating drug-price reductions as part of a broader affordability agenda.
The president pledged during his 2024 campaign to rapidly drive prices down starting on Day 1 in office, but a volatile market and uncertainty around the effects of his sweeping tariffs have seemingly driven up costs.
September data from the Commerce Department, which is the most recent information available, shows core inflation increased to 2.8% from the same time last year.
