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Biden blames inflation on Trump administration: 'It was already there when I got here'


FILE - President Joe Biden responds a reporters question after speaking about the economy in the South Court Auditorium in the Eisenhower Executive Office Building on the White House Campus, Thursday, Jan. 12, 2023, in Washington. (AP Photo/Andrew Harnik, File)
FILE - President Joe Biden responds a reporters question after speaking about the economy in the South Court Auditorium in the Eisenhower Executive Office Building on the White House Campus, Thursday, Jan. 12, 2023, in Washington. (AP Photo/Andrew Harnik, File)
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President Joe Biden pushed the blame for inflation on the Trump administration once again Friday during a press conference about the economy.

"Do I take any blame for inflation? No," Biden told reporters.

"Why not?" Biden was asked in return.

"Because it was already there when I got here, man. Remember what the economy was like when I got here? Jobs were hemorrhaging. Inflation was rising. We weren't manufacturing a damn thing here. We were in real economic difficulty. That's why I don't."

Biden has repeatedly blamed the nation's current economic struggles on what he "inherited" from the previous administration, even though the U.S. Bureau of Labor Statistics' Consumer Price Index (CPI), a common metric used to measure inflation, has risen to record highs under Biden.

READ MORE: "Biden says inflation down despite prices near record highs, blames economy he 'inherited'"

When Biden took office in January 2021, the annualized CPI was at 1.4% but got as high as 9.1% in June of last year -- a record high -- before coming back down. The CPI sits at 6.5% as of December.

The White House frequently touts its progress on job growth as evidence the administration has made big economic gains under Biden. However, this claim fails to account for the pandemic bounce-back that played a massive role in that growth.

On Friday, Biden touted that his administration had created a record 12 million new jobs in its first two years, which he said was more "than any presidential term at any time."

"That's the strongest two years of job growth in history by a longshot," Biden insisted.

But ultimately, when it comes to inflation, Biden has said his administration couldn't guarantee they would be able to "get rid" of it.

READ MORE: "Biden says he 'can't guarantee' he can get rid of inflation for Americans"

Critics of the GOP say Republicans have failed to put forward any plans to help the strain consumers are feeling from inflation. However, contrary to those claims, GOP leaders have called on President Biden to unleash America’s domestic energy potential in hopes of bringing down prices at the pump and warned of the economic impacts of massive government spending and surging interest rates.

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"President Biden and House Democrats inherited a strong economy that worked for every American," Rep. Tim Walberg, R-Mich., said last year after Biden once again blamed the country's economic woes on Trump. "They squandered that inheritance," he argued.

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