Biden Says He's Not to Blame for Rising Inflation

The transcript features a discussion with the president focusing on economic issues, particularly inflation. The president refuses to answer non-economic questions and explains that inflation and economic difficulties were present upon taking office. He highlights the challenges faced, such as job losses and lack of manufacturing, to justify not taking blame for the current inflation.

How does the speaker describe the manufacturing situation at the time?

What does the speaker mean by 'we were in real economic difficulty'?