The White House is turning up the heat on former President Joe Biden's economic record. (Spencer Platt/Getty Images)
Americans' feelings of financial uncertainty come after Trump touted from the campaign trail that he would "rapidly" bring down prices upon his return to the Oval Office following Biden's tenure, while administration officials have said that the Trump economy under his second term is "booming" while taking ownership of economic wins.
Commerce Secretary Howard Lutnick even claimed months ago that the Trump economy had taken hold after the Biden administration's spiraling inflation woes.
"The Trump Economy has officially arrived," Lutnick posted to X in July while pointing to the surge in the GDP and Trump's tariff policies.
"Biden’s first quarter is behind us, and growth is already accelerating," Lutnick posted to X. "President Trump’s tariff policies have drawn historic investments and opened up global markets for U.S. businesses. Congratulations America: 3 percent today, and we’re just getting started."
When asked about the past comments amid the White House's push to promote the president's economic record, a White House official said Monday: "Lutnick is not the president."
President Donald Trump has turned up the heat on former President Joe Biden's economic record while in office. (AP/Evan Vucci)
The White House told Fox Digital that Trump has "consistently — and correctly — pointed out how Joe Biden unleashed a generational economic disaster" since the campaign trail into the presidency.
"This undeniable fact hasn’t stopped Democrats from shamelessly trying to harp on the affordability crisis that they created in the first place," Desai said. "With inflation having cooled and trillions in investments pouring in, President Trump’s agenda is indeed delivering the booming economy that Americans enjoyed during his first term – and both he and the Administration will continue to underscore the work we are doing to make this happen."
A White House official added that tax cuts will be felt by Americans early in the new year.
"We inherited a mess," Trump said from a roundtable Monday. "Affordability. But you can call it affordability or anything you want, but the Democrats cause the affordability problem, and we're the ones that are fixing it. So it's a very simple statement. And they caused it and we're fixing it."
President Donald Trump speaks in the Oval Office of the White House in Washington, DC, US, on Friday, Oct. 10, 2025 to announce a deal with AstraZeneca Plc to slash consumer prices on some of the company's drugs. (Shawn Thew/EPA/Bloomberg via Getty Images)
The Biden administration oversaw the highest inflation to rock the nation in 40 years, 30-year mortgage rates that rocketed from roughly 3% in 2021 to around 7%–8% in 2023, and the sharpest rise in interest rates in decades.
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Voters during the 2024 federal election pointed to the economy as far and away their top issue. Americans flooded the polls a year ago with their wallets at the top of their minds, backing Trump on the ballot as the majority of voters reported they were concerned they could not afford food, healthcare, housing and gas for their car, previous Fox News Voter Analysis data showed.
https://www.foxnews.com/politics/white-house-turns-up-heat-bidens-economic-record-voters-sour-affordability