While Republicans and Democrats fight over the debt ceiling, the American economy continues to struggle. Two U.S. banks have failed, home prices are up, and inflation continues to take its toll.
Despite this, the Biden administration refuses to budge on its proposed budget as Speaker of the House Kevin McCarthy, R-Calif., presses for negotiations, per the New York Post.
In a video released by the MAGA War Room Tuesday, President Trump called out the Biden administration and noted how they “waged war on American energy.”
He blamed the current banking crisis on high inflation rates, and warned, “With Joe Biden at the wheel, it will only get worse.”
Under President Trump the American economy was not only stable, but improving before the pandemic. Via Fox Business, the poverty rate dropped to the lowest it had been in 60 years, median household incomes rose, and unemployment among many communities neared historic lows.
In his recent video, President Trump stated, “Under my leadership we built the greatest economy in the history of the world. In fact, we really did it twice. Now, we will do it a third time.”
To end Americans’ economic strife, he has pledged to “unleash American energy to get prices down immediately,” and end the Biden administration’s tax hikes and costly regulations.