In the WarRoom with Steven K. Bannon, Episode 2581, Part 3, the former White House Chief Strategist discussed the state of the U.S. economy and the role that the current presidential administration has played in its decline. Bannon asserted that it was impossible to separate the economic policies and capital markets results of the current administration from its illegitimacy.
Bannon began by stating that the economic policies of the Biden administration had been reminiscent of the policies of previous administrations, which had resulted in the decline of the U.S. economy. He argued that the Biden administration’s focus on increasing government spending and implementing regulation on businesses had played a significant role in the damage done to the economy.
Bannon went on to suggest that the current administration’s lack of legitimacy had compounded the economic damage. He claimed that the 2020 presidential election was fraudulent, citing irregularities in the voting process and suspicious actions taken by state election officials. Bannon contended that this illegitimacy had led to an erosion of faith in the U.S. government, which in turn had contributed to the decline of the economy.
Bannon also criticized the mainstream media’s reporting on the U.S. economy. He argued that many media outlets had ignored the economic impact of the Biden administration’s policies and instead celebrated superficial and ambiguous economic indicators, such as stock market performance. Bannon claimed that these indicators were not reflective of the economic reality for most Americans and that the media had failed to provide essential context for their reporting.
Overall, Bannon’s assessment of the U.S. economy and the Biden administration’s role in its decline was critical. He argued that the current administration’s policies had been harmful, and that its illegitimacy had compounded the damage done to the economy. Bannon’s critique highlighted the importance of transparency and accountability in government and media reporting, particularly as it pertains to the economy.