Trump Acknowledges Inflation And Identifies The True Culprit: ‘I Had Nothing To Do With That’

Within days of his inauguration, some on the left were already blaming President Donald Trump for the high prices he inherited from four years of Joe Biden’s disastrous economic policies.

Some said concerns over tariffs and other Trump policy proposals could be to blame, but Trump had an opportunity to respond to his critics during a recent interview with Fox News Channel’s Sean Hannity.

As The Hill reported:

“Inflation is back. No, think of it: Inflation’s back,” the president told Fox News’s Sean Hannity during an interview alongside tech billionaire Elon Musk that aired Tuesday night. “And they said, ‘Oh, Trump,’ and I had nothing to do with that.”

“These people have run the country. They spent money like nobody has ever spent. … They were given $9 trillion to throw out the window — 9 trillion,” he added.

Trump pointed to bills turned law during Biden’s four years in office, noting the government spent money on the “’Green New Scam,’ I call it.”

“The greatest scam in the history of the country. One of them. We have a lot of them, I guess. But one of them. Dollar-wise, probably,” he said, likely referring to Biden’s signature legislation, the Inflation Reduction Act, which was signed into law in 2022.

The Biden administration’s central role in ushering in the highest inflation rate in decades dominated the political discussion throughout the 2024 election season, even if the mainstream media and Democrats seemed to ignore it completely:

It only took four years for Democrats to become concerned about inflation.

Inflation was over 3 percent for more than two straight years during the Biden administration. “One rule for me, another for thee.” That apparently is the Democrat motto. pic.twitter.com/Bea3gKD1Ls

— Leader John Thune (@LeaderJohnThune) February 18, 2025

Democrats are trying to trick the public into believing that the January inflation spike is Trump’s fault when he only took office on Jan 20. This is asinine. The cause of inflation was government overspending & supply constraints caused by overregulation under Biden. pic.twitter.com/fhLULdUDFf

— Vivek Ramaswamy (@VivekGRamaswamy) February 13, 2025

Biden’s inflation keeps rising, hitting 4.8% annualized.

Because federal spending kept going up.

Just 6 months ago legacy media was celebrating the end of inflation. Now they’re sugar-coating til they can pin it on Trump. pic.twitter.com/U7GnWZ98gD

— Peter St Onge, Ph.D. (@profstonge) January 21, 2025

Even CNN conceded that it’s disingenuous to pin the blame for rising consumer costs on Trump:

Trump is right about the return of inflation: Consumer prices rose much more than expected last month, the Bureau of Labor Statistics reported last week — buoyed in particular by surging fuel and egg prices. January marked the biggest monthly increase since August 2023. And prices were 3% higher year-over-year for the first time since June 2024.

The president is also right that he can’t shoulder much of the blame: Former President Joe Biden occupied the Oval Office for 19 ½ of the 31 days covered by the most recent report.

Here’s another clip from the recent Fox News Channel interview: