President Donald Trump this week admitted that costs are rising ― however insisted that it’s not his fault regardless of repeatedly claiming he would convey costs down on his first day in workplace.
“Inflation is again,” he advised Fox News host Sean Hannity in an interview that aired on Tuesday night time. “I’m solely right here for 2 and a half weeks… I had nothing to do with it.”
The consumer price index jumped by 3% in January in comparison with January 2024, in response to the Labor Division, a quantity increased than most analysts anticipated.
Trump instantly blamed former President Joe Biden regardless of beforehand claiming he’d cease inflation inside hours of taking workplace on Jan. 20.
“I’ll instantly convey costs down beginning on day one,” he mentioned on August 15, in response to video resurfaced by progressive media outlet MeidasTouch, which additionally discovered him saying two days later: “Beginning the day I take the oath of workplace, I’ll quickly drive costs down.”
Trump has mentioned it at different factors, too, together with a declare final summer time that “beginning on day one, we are going to finish inflation and make America reasonably priced once more.”
Rep. Lloyd Doggett (D-Texas) has been keeping a list of quite a few different occasions Trump made related guarantees.
As soon as in workplace, nevertheless, Trump shortly backed off the notion that he’d be capable to instantly lower inflation and enhance the economic system and has additionally admitted that his plan to impose tariffs on different nations might result in “short-term a little pain” for American shoppers.
And when Hannity tried to convey up the economic system throughout a earlier interview, Trump didn’t wish to discuss it in any respect.
“Let me get to the economic system,” Hannity mentioned through the interview shortly after Trump took workplace. “I’m operating out of time.”
“I don’t care,” Trump fired again as he went on a prolonged rant towards Biden. “That is extra vital.”
Voters, nevertheless, don’t appear to agree.
Final week, CNN data reporter Harry Enten said new polls discovered {that a} majority of People need Trump to concentrate on inflation or the economic system usually, however two-thirds say he hasn’t executed so.
And that, he predicted, might trigger Trump’s approval scores to take a dive.
“Let me be completely clear: Inflation crushed the Joe Biden presidency, it ate it alive,” Enten mentioned. “If Donald Trump shouldn’t be cautious, inflation will crush his presidency and eat it alive.”
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