MAGA influencer Steve Bannon failed to goad a crowd at the Conservative Political Action Conference (CPAC) to cheer for higher gas prices in support of President Donald Trump’s war in Iran.
During a live discussion at CPAC on Friday, Bannon asked right-wing journalist James Rickards what oil prices were signaling to Trump.
“Wall Street doesn’t sell stocks. They sell narratives to get you to buy stocks,” Rickards said. “The narrative is the war’s going to be over in a few weeks. Yeah, the price of oil is higher, but it’s going to come back down. We’ll get through this. Trump’s got a plan, et cetera.”
“None of that is true. This war is going to go on for much longer,” he continued. “Escalation is the only path.”
“This is far worse than Wall Street expects. I think investors would be well advised to get some cash and trim your exposure.”
Bannon then pressed for cheers from the crowd.
“Let me see a show of hands. The American citizens here, the MAGA patriots, are you prepared to bear a little pain to get this problem solved?” he prompted
Four people raised their hands as the crowd reacted with near silence.
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