(John Ransom, Headline USA) With the messaging having fallen flat on the Biden administration’s efforts to dub recent pain at the pump as “Putin’s price hike,” a veteran investor is inventing a new excuse to latch onto for the poor economic performance.
Strategist David Roche called an anticipated recession in the United States a “war-cession,” attempting to blame the poor economic performance entirely on the regional war between Russia and Ukraine, in an appearance on CNBC.
This isn’t a recession – it’s a ‘war-cession,’ top strategist says. Here’s why it’s different https://t.co/SZW9VVvzQf
— CNBC (@CNBC) April 11, 2022
“In a normal recession, output and demand go down, inflation goes down,” Roche told CNBC’s Squawk Box. “In this sort of a recession, a ‘war-cession,’ you actually have output which falls at the same time as costs and inflation rise.”
The leftist administration and its allies have routinely projected extrinsic variables as scapegoats for their failed policies—which principally the result of the federal government introducing massive amounts of unbacked currency into the economy, thereby devaluing the dollar.
But the constant gaslighting has done more to harm the bogus narrative as President Joe Biden’s popularity continues to bottom out, along with public trust in dishonest media outlets.
New CBS poll shows Biden with just a 42% approval rating, which actually is a tad higher than his average at Real Clear Politics which is 41.3% of combined polling.
Only 31% of voters see the national economy as good, versus 63% who say that it’s a bad. That gives Biden his lowest marks among issues on the economy and inflation, said the poll at CBS.
This newest attempt to blame poor economic performance on something other than the Biden administration echoes calls by Biden himself when he attempted in March to blame the Russian–Ukraine war for high gas prices, rather than the administration’s war on domestic oil and gas production.
“From the moment he put his over 150,000 troops on the Ukrainian border, the price of gasoline in January went up 75 cents and Putin began amassing troops along the border,” Biden said at a March news conference according to Fox News.
“Make no mistake, inflation is largely the fault of Putin,” Biden added.
Leftist pollsters at ABC News/Ipsos released a dubious weekend finding that Americans most blamed Putin and gas companies—two of the Left’s most popular scapegoats.
But the flawed poll’s methodology revealed that it weighted its results according to seven different demographic variables and had a low confidence interval, as well as a high margin of error.
As NBC News political analyst David Mark noted in March, the American people aren’t that gullible.
“Inflation has been rising for six months, well before Russia’s invasion of Ukraine,” said Mark, adding that Republicans likely wouldn’t allow Biden to get away with any deflection.
The same thing probably will apply to the “war-cession” excuse for a stumbling economy that’s been a victim of Biden’s war on the labor force—with vaccination restrictions imposed by the administration and their Democrat allies making hiring quite difficult, as voters themselves admit.
That, too, has fallen subject to administration spin—touting the robust hiring market even though it has actively promoted and encouraged unemployment.
Whatever it is people call the diminishing economy, recession or war-cession, they likely will still blame Biden.
Headline USA’s Ben Sellers contributed to this report.
