Chickens Coming Home to Roost: Why Steve Bannon and Scott Bessent Warn Voters About the Real Economy
” I’m talking about the recasting of these numbers. We’ve lost like a million jobs in a 12 month period,” Steve Bannon told the WarRoom audience on Friday.
Financial advisor Scott Bessent and WarRoom host Steve Bannon appeared on Friday and warned voters that the so-called "Biden-Harris economy” is held together by thin, temporary gains—like an egg about to break. For many Americans, what looks like economic growth is a "government-orchestrated mirage,” says Bannon. Bessent added, "The chickens are coming home to roost,” and those who don’t understand the reality of this economy will feel the consequences sooner than they think. Here’s why Bessent and Bannon’s warnings matter now, especially with Election Day approaching.
Resources for this article: Employment Situation Summary
The Illusion of Growth: "Ephemeral Jobs” and Government Spending
e·phem·er·al/əˈfem(ə)rəl/adjective
1) lasting for a very short time.
e·phem·er·al
/əˈfem(ə)rəl/
Steve Bannon, known for his prophetic claims, doesn’t mince words on the state of the economy. He calls the Biden-Harris job creation record "ephemeral,” meaning it’s as fragile as it is fleeting. Why? According to Bannon, the "new jobs” are largely government-based or funded through government programs, not driven by the private sector.
"Every job that has been created is government or government adjacent,” Bessent explained, adding that small businesses—the backbone of America’s job market—are struggling, not thriving. This matters to voters because while the headlines boost job creation, the reality is that many of these roles could disappear as soon as federal dollars dry up.
Scott Bessent’s observation that "the chickens are coming home to roost” is more than just a warning—it’s a summary of why voters should care about where economic policies are leading. Bessent, a financial advisor with deep insights into the global economy, notes that current economic policies are setting the stage for potential disaster.
He means that since 2021, the U.S. has seen a rise in inflation and mounting federal debt, now at over $37 trillion. These debt and interest rate hikes create a delicate balance where any wrong move could break the economy. Bessent describes it as "holding off disaster with government spending,” an unsustainable tactic.
For voters, this means that continued economic uncertainty and rising costs are very real possibilities, as the impacts of these policies will come due sooner or later.
Why Voters Should Care: Inflation Hits Working-Class Americans Hardest
Bessent pointed out that the effects of inflation are not hitting everyone equally. While wealthier Americans can manage the rising costs, working-class families feel the pinch in every part of their lives. "There are a record number of Americans using food banks and a record number taking European vacations,” Bessent said, highlighting a widening gap between the wealthy and those struggling just to get by.
Bannon and Bessent argue that the Biden administration’s policies lead to a two-tier economy, where only the wealthy benefit. For everyday Americans, the signs are clear: rising costs, fewer quality jobs, and a higher dependency on government assistance. This isn’t the foundation of a sustainable economy—it’s a quick fix, and according to Bannon and Bessent, voters should be aware of the actual cost.
For more of our coverage of Scott Bessent:
For more of our coverage on the Jobs Report:
Anticipation Builds: What the Upcoming Jobs Report Means for the Economy
For more of our coverage on Inflation:
Misery Index Back: Common Man Feels the Pinch, Trennert Exposes Inflation Reality with Don Jr.
Kamala Harris’s Economic Blunders: The Irony of Price ‘Gauging’ and Inflation Fallout
For more context on Bessent’s message from Friday, watch this WarRoom clip:
