The 2023 Economic Outlook — Thanks, Joe!

Written by Allan Erickson on December 9, 2022

Bloomberg declares 2023 will be one of the worst on record economically, blaming the war in Ukraine and “energy shock.” The prediction is GDP will go down, inflation will stabilize at a high rate, and recession will worsen.

The War Room has long predicted these dire realities putting the blame largely on Biden’s shoulders for unleashing this ill-advised War on Fossil Fuels.

All indicators predict heavy seas throughout 2023. Voters ought to know by now any attempt to shift blame away from Biden is ludicrous. Trump handed him a very strong economy allowing all to prosper while strengthening the country overall. Biden’s economic chaos is killing the middle class, the majority that pays the bills. It was bad enough that Biden unleashed rampant, international inflation with his War on Fossil Fuels. Add the debt impact of Biden’s frivolous trillions of dollars wasted, and we insure severe economic difficulty for years to come.
As the recession deepens (some say headed for depression) we’ll see wages fall further, higher unemployment, lower GDP, reduced economic activity in sales and manufacturing, and big trouble in farming as the Left works to ban certain fertilizers while driving up costs especially for diesel and gasoline.
It will not be a Happy New Year, and it is unclear how long we’ll have to endure before we can say that again. One thing is for sure: the longer we allow the Biden worldview to prevail, the longer it will take to recover and the greater the risk of collapse.

Allan Erickson
Allan Erickson---Christian, husband, father, journalist, businessman, screenwriter, and author of The Cross & the Constitution in the Age of Incoherence, Tate Publishing, 2012.