One of the most prominent promises made by Donald Trump during his 2024 campaign to reoccupy the White House was that he would bring consumer prices down. He swore that he would do that on day one, and that it would be easy. We are now at day 632, and things have only gotten worse.

Click here to post this article on Twitter or Click here to post on Bluesky

The American people are well aware of Trump’s failures with regard to the economy. Despite his lying about this being the “Golden Age,” people know what their groceries cost, and their gas, and their healthcare, and their housing, etc. Trump’s deceit and uncaring attitude are among the primary reasons that he is floundering at record lows for job approval.

SEE THIS: HOW CONVENIENT! Trump Says the Iran War and High Gas Prices Will End – Right After the Elections?

Most experts agree that the dismal economy we are suffering through are due to Trump’s neglect, incompetence, and ego. The war he started against Iran has resulted in higher costs for energy. His ridiculous, unwarranted tariffs account for the rise in virtually everything else. But in Trump’s twisted mind, and the minds of his MAGA-pologists, President Biden – who left office nearly two years ago – is the culprit who caused the fiscal fiasco that has plagued the Trump years.

Political observers have wondered when the timeline would flip from the seemingly endless Biden Effect, to one where Trump actually takes responsibility for his own mistakes and misdeeds. Well, we might be getting close to that now. In an interview on Fox News Wednesday morning, the chairman of Trump’s Council of Economic Advisors, Kevin Hassett, had the following exchange with Fox’s Stuart Varney…

Varney: We got the last Consumer Price Index report before the midterms. In September price is up 0.6%. Moved up a bit, a bit hotter, 3.7% over the last year. Here’s what Kevin Hassett had to say about it this morning.
Hassett: Because the Houties started attacking the Saudi pipeline. And other Iranian proxies from Iraq were attacking refineries and so on. That we had a negative shock to energy again in September. But inside the topline number there’s a lot of good news. [Insert a bunch of Hassett lies] If you look at core inflation, it was basically at the Fed’s target on average over the last three months. But this month was a blip up.

Top Trump econ advisor claims today's high inflation report was a "blip"

— FactPost (@factpostnews.bsky.social) 2026-10-14T15:53:19.076038849Z

This may be the first time that Hassett has ever answered a question about Trump’s poor performance that didn’t begin with “But Biden…” In fact, the reasons that he does cite are all problems of Trump’s making. It was Trump’s reckless and illegal attack on Iran that led to associated battles in the region with the Houties, Saudi Arabia, and Iraq. And the targeting of oil refineries was a possibility that a competent leader would have prepared for.

What’s more, the Federal Reserve’s target for inflation is 2.0%, way below the 3.7% that Hassett is preposterously calling a blip. At least he didn’t blame Biden again. But has he finally recognized how ridiculous that is? Or did he just forget?

While it’s a welcome relief that Hassett didn’t push to blame Biden again, he still tried to downplay any notion that the economy is troubled. But how could he? Trump would have his head. After all, here is what Trump said about the rise in inflation…

Question: Are you concerned about the latest inflation number?
Trump: No, I love it. The numbers were great. I love the inflation.

Q: Are you concerned about the latest inflation number?Trump: No, I love it. The numbers were great. I love the inflation.

— FactPost (@factpostnews.bsky.social) 2026-10-14T18:34:08.197711334Z

Trump has expressed his love for inflation before. It’s just another indicator of how out of touch he is with ordinary people. And for the record, the video here was cut off right before he explained why he loves inflation. Here is what he said…

“Because as soon as this war is over. You know, I can say it now, something you didn’t know. Did you know we’ve been taking out millions of barrels of oil? Nobody knows it.”

HUH? So Trump loves inflation because he’s going to steal Iran’s oil when the war is over? That war, which he said would only last a few weeks, is now in its eighth month. Does he think that the American people love inflation for that period of time, and who knows how much longer?

Furthermore, everybody knows about Trump’s stated intention to steal Iran’s oil. He has said it repeatedly in public. He brags about it saying that “to the victor goes the spoils.” The only problem is that Trump is losing. And therefore, unfortunately, so are the American people. And they know that Trump and his MAGA Republican enablers are solely to blame.

RELATED STORIES:

• WHUT? Trump’s Chief Economic Advisor Accuses Fox News of Being Part of the Far Left Media
• New Trump Campaign Slogan: The Economy is Doing Unbelievably From the Standpoint of Wall Street
• FLYING KETCHUP ALERT: Trump is Polling Worse than Both Biden and Carter on Inflation

Be sure to visit and follow News Corpse
on Twitter and Facebook and Bluesky and Threads.

And check out my books on Amazon:

Fox Nation vs. Reality:
The Fox News Cult of Ignorance.

Thanks so much for your support.