
(TheProudRepublic.com) – Sounding the alarm once again, President Donald Trump has proclaimed that “Inflation’s back” but has argued that “I had nothing to do with it,” as it is the result of the Biden administration’s reckless spending.
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Americans are feeling the pinch, and the blame is being laid squarely at Biden’s feet for the economic turmoil unfolding across the nation.
During a Fox News interview with Sean Hannity, President Donald Trump drew attention to the resurgence of inflation, blaming it on the fiscal mismanagement by Joe Biden’s tenure.
He criticized the administration’s enormous expenditures, labeling the infamous $9 trillion spending on what he called a “Green New Scam” as a key root.
These policies, according to Trump, reflect unchecked government spending that has propelled the national debt skyward.
The bureaucratic catastrophe has seen consumer prices hike by 3% year-over-year, as reported by the Bureau of Labor Statistics.
While everyone notices the increased costs at the gas pump and at the grocery store, economists remain divided over the causes.
Some assert that federal spending is the leading culprit, while others note global disruptions such as costly production challenges and faltering supply chains.
January’s price surge marked the largest monthly increase since August 2023.
Essentials such as fuel and eggs have notably soared in price, affecting everyday Americans.
Spending more than $5 trillion on infrastructure and COVID relief packages, while popular with some circles, has further burdened taxpayers without providing relief from the inflationary spiral.
Many experts, including former Federal Reserve Chairman Ben Bernanke, acknowledge that increased federal spending has overheated the economy.
Yet, the International Monetary Fund suggests that supply and demand dynamics also play critical roles.
Trump says "inflation is back": "I had nothing to do with it" https://t.co/GIY9j6YiZs
— The Hill (@thehill) February 19, 2025
The public watches wearily as global issues, like the ongoing Ukraine conflict, add to the complexity of economic recovery.
“They were given $9 trillion to throw out the window — $9 trillion, and they spent it on the Green New Scam, I call it,” declared Donald Trump.
With the Federal Reserve unable to ease interest rates amid spiraling prices, Americans may face prolonged high borrowing costs.
This financial pressure piles on as tariffs, proposed by Trump himself, could trickle into consumer costs, negating savings from taxation or spending cuts promised by conservatives.
Trump supporters urge bold action, though the solution must counteract past failed strategies and restrain foreign influence.
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