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Trump Blames Biden for High Prices Hours After News of Rising Inflation
Trump said lower oil prices would follow an end to the Iran war as average gasoline costs reached $4.33 a gallon and inflation hit 3.7%.
- On Wednesday, President Donald Trump blamed President Joe Biden for inflation at an Arizona rally, declaring high oil prices a "fortune" for energy-producing states like Texas and Oklahoma.
- Rising inflation, which climbed to an annualized rate of 3.7% last month, has been driven by surging fuel costs, with gas prices currently averaging $4.33 per gallon.
- American consumers have paid an estimated $135 billion in extra fuel costs since the start of the Iran war, roughly $1,030 per household, according to Watson School of International and Public Affairs analysts.
- Elise Gould, senior economist at the Economic Policy Institute, noted real wages remain stagnant, while a Harris poll shows 96% of Republicans agree an affordability crisis exists.
- Trump, who holds investments in fossil fuel stocks that boosted his net worth by up to $15.5 million since January, claimed gas prices would tumble once the Iran war ends.
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Trump Denies Reality: 'We Don't Have Inflation'
While trying to save his majority in Congress, Trump lied to his supporters during his mad push around the country and disputed the latest BLS report on rising inflation, claiming there is no inflation and defending his illegal tariffs. The man has no clothes. "We don't have inflation and tariffs don't cause inflation," Trump spewed. "You know what they cause? Wealth." Trump's denial may work on his most ardent MAGA cult members but not on the …
·Los Angeles, United States
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Coverage Details
Total News Sources10
Leaning Left6Leaning Right0Center2Last UpdatedBias Distribution75% Left
Bias Distribution
- 75% of the sources lean Left
75% Left
L 75%
C 25%
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