Posted on 12/21/2022 4:42:57 AM PST by MtnClimber
The Biden administration appears to have lied about adding more than a million jobs in the second quarter of this year to mitigate economic data that showed the United States was entering into a recession ahead of the midterm elections.
The Federal Reserve Bank of Philadelphia released a report last week shooting down the U.S. Bureau of Labor Statistics’ (BLS) claim that the U.S. added more than a million jobs from March to June of 2022.
According to the Philadelphia Fed’s analysis of the numbers, the U.S. added a mere 10,500 jobs in that time period, as opposed to the 1,121,500 claimed by the BLS.
Now Sen. Rick Scott (R-Fla.) is demanding answers from the BLS to explain this gargantuan discrepancy, Fox Business reported.
“For the better part of his presidency, while the American economy has struggled and record inflation has brought historic pain to families and small businesses across the country, President Joe Biden has consistently bragged about job growth,” Scott said in a letter to BLS Commissioner William Beach. Scott pointed out that Biden has used his agency’s inaccurate data to support his economy-crushing agenda and policies.
“Now, thanks to the good work of analysts at the Federal Reserve Bank of Philadelphia, we know that the BLS inaccurately reported the creation more than one million jobs, and that much of what President Biden has claimed credit for as the economic achievements for his administration is a lie,” Scott wrote.
The senator went on to say that the discrepancy “appears to be a massive and incredibly consequential failure that has misled the American people and covered up the damage done to the American economy by President Biden’s radical anti-business, progovernment agenda.”
Scott noted that the White House in April used BLS job statistics “to signal that their ‘plans and policies have produced the strongest job creation economy in modern times.’”
“But this new report shows that to be untrue,” Scott said.
Back in July, the White House was accused of “gaslighting” the American people with “Soviet levels of propaganda” when Biden officials tried to change the definition of recession amid the gloomy economic forecast.
A recession is traditionally defined as two consecutive quarters of economic decline.
The Gross Domestic Product (GDP) in the first quarter of 2022 shrank at an annual pace of -1.6 percent—far worse than the mild increase analysts had expected. The GDP decreased at an annual rate of 0.6 percent in the second quarter, therefore, the U.S. had officially entered into a recession under the traditional definition of recession.
Biden’s economic team explained on White House website that its assessment of the economy was “based on a holistic look at the data,” and cited “one of the strongest labor markets on record” as part of their reasoning that the U.S. was not entering into a recession.
“While some maintain that two consecutive quarters of falling real GDP constitute a recession, that is neither the official definition nor the way economists evaluate the state of the business cycle,” the White House said on July 21. “Instead, both official determinations of recessions and economists’ assessment of economic activity are based on a holistic look at the data—including the labor market, consumer and business spending, industrial production, and incomes.”
The Biden economists said “the 1.1 million jobs created in the second quarter—an average of around 375,000 jobs per month—is more than three times more jobs created than in any three-month period leading up to a recession.”
“Based on these data, it is unlikely that the decline in GDP in the first quarter of this year—even if followed by another GDP decline in the second quarter—indicates a recession,” the White House concluded.
Fox News’ Tucker Carlson argued Tuesday night that the Biden administration’s alleged false report helped Democrats keep the Senate in the midterm elections.
“And now we get to learn the truth,” Carlson said during his opening monologue. “The U.S. economy did not add more than a million jobs in the second quarter of this year, instead, the net addition of jobs was about 10,000. So that’s less than 1 percent of the job growth the administration claimed. That’s not a rounding error. That’s not a minor math mistake,” the host added. “This is a lie.”
Scott asked the BLS Commissioner to come to a scheduled meeting prepared with an explanation for why the BLS numbers were “so inaccurate,” and if anyone from the White House or other senior administration officials had spoken to him about the report.
Scott also asked if BLS had made any changes in “how they collected, analyzed, or reported data since Biden took office.”
“It is vital that the greatest economy be driven on data that is reliable and trustworthy,” Scott said. “I will not rest until the American people can be assured that the economic data being reported by the Biden administration is accurate, this issue has been resolved and any person responsible for this egregiously false reporting has been held fully accountable.”
A spokesperson for BLS told Fox Business that the Bureau received Scott’s letter and “is looking forward to meeting with him on Thursday.”
Who is surprised that they would lie about this right before the elections?
They were only off by roughly a factor of 100.
Propaganda; it’s what they do. It worked didn’t it?
No surprise from Obozo’s White House Staff who are controlling Biden and the Dems.
“I demand an explanation! And if you don’t explain, I’ll demand again”!
Absolutely, if the government is willing to lie about Covid, Ukraine, you name the issue, industrial level propaganda to push a narrative or to coverup problems and crimes is what the public is fed on a daily basis.
Meaning: "We already have had our talking points focus group tested!"
“… The Federal Reserve Bank of Philadelphia released a report last week shooting down the U.S. Bureau of Labor Statistics’ (BLS) claim that the U.S. added more than a million jobs from March to June of 2022.
According to the Philadelphia Fed’s analysis of the numbers, the U.S. added a mere 10,500 jobs in that time period, as opposed to the 1,121,500 claimed by the BLS.…”
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Jeez.., this gives us great confidence in the reports that the BLS produces on the Consumer Price Index. The DemocRAT corruption of the federal bureaucracy is proceeding apace.
When the rep not only calls the president a as bald faced pony soldier liar consistently, but says that the policies have been racist and anti- business, will we know how serious the call out of Biden has become.
Simple answer, liars gotta lie..
DC has become nothing more then a pit of snakes, and they don't give a hoot about the US or the people in it.. The rats are far more concerned about the Ukraine and the money they have squirreled there then they are about this nation..
What DC needs is Mrs. O'Leary's Cow.
We saw the politicization of the BLS during the Clinton years....it has only gotten worse.
The entire federal gov’t is in the pocket of the DNC and will do whatever necessary to support them. Anyone who dissents will be terminated, silenced or destroyed.
Lying .. before the elections, after the elections ... 24/7 ... for decades now ... even after being caught again and again in the web of lies, they either ignore or lie about their deceit... and stay in power... because the lying 24/7 corp DC media is on their side. The current press secretary is an excellent model of this behavior.
The government has been swallowed up by the Democrats. The is no agency that is unbiased. DOJ, CDC, FBI, IRS, CIA, courts, military, etc... Good luck fighting that.
The government has been swallowed up by the Democrats. There is no agency that is unbiased. DOJ, CDC, FBI, IRS, CIA, BLS, courts, military, etc... Good luck fighting that.
How bad does it have to get before something is done? And what can be done? The Democrats continue to lie and lie and lie. It’s the REGIME of the LIE.
We need a BLUE RIBBON Panel to investigate!
Just saw a video clip of Senator Blackburn saying that the Biden administration does not have a plan for the removal of Title 42.
Yes, it does, their plan is to lie. That is their go-to plan under all circumstances.
Biden has always been known to be a notorious liar. In fact, if you watch him speak, he really comes alive only when he lies. When he is trying to deliver information, he struggles and stumbles, but the lies flow effortlessly when he starts.
Dear Senator Scott:
The recent compliance of congressional Senators with the Budget games has led the Democrats to understand that you and your party members have no backbone, balls, program or intention of causing any trouble to their rape and destruction or the NATION.
What else can be understood from current events?
Sincerely,
KC Burke
Come on Rick. There was a Big Red Tsunami electoon coming up and it wasn’t looking good for the Bolshies. Unfortunately, their far left Bonzo Bolshie “media” was able to pull it out for them with a little help from the FBI and the USPS.
Democrats always lie. The deepstate, democrat filled federal government does likewise.
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