Thursday, December 11, 2025

CNBC Panel Says Biden Owns The Affordability Crisis: ‘Full Stop’

“The affordability issue is from the 22% increase in prices and inflation under Biden, there’s just — full stop, right there. That’s the affordability issue — and you gotta be able to explain that,” Kernen said. 
“That’s right,” Clayton agreed. “And look, I think that with the economic team — President Trump and the economic team led by Scott Bessent — you have people who very much understand this. And it was a — they were thrown, what I would say, the worst economy for the average American in my adult lifetime, in terms of like you said, the incredible increase in prices at the household.”

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