Posted on 09/15/2025 6:37:41 AM PDT by MtnClimber
All last year, we were treated to a steady stream of stories about the “huge” and “baffling” gap between the public’s negative views about the economy and its “actual performance.”
Our favorite “economist” Paul Krugman was apoplectic. “Why are so many Americans still telling pollsters that the economy is in bad shape” when “it’s hard to overstate just how good recent economic numbers have been.”
Last week, the government issued two reports that explain why. And the reason is simple. The experts were wrong. The public was right.
On Tuesday, the Bureau of Labor Statistics, after a string of glaring mistakes in its jobs report, announced the mother of all screw-ups.
In its preliminary “benchmark” revision, the BLS admitted that almost 1 million jobs that it claimed to have been created from April 2024 through March 2025 didn’t actually exist.
This, mind you, is on top of all those monthly revisions that cut back on the number of jobs created each month. And it comes one year after the BLS made a huge downward “benchmark” revision for the year prior.
The latest downgrade is so massive that even CNN was forced to admit that it amounts to “a stain on Joe Biden’s legacy.”
The revisions are essentially “rewriting history,” Deutsche Bank senior U.S. economist Brett Ryan told CNN.
Except, that’s not entirely true. The only history being rewritten is the one the mainstream media and corrupt “economists” like Krugman were peddling.
All last year, for example, we were pointing out that the BLS was continually exaggerating job gains.
This revision also demolishes claims that Trump was handed a booming economy that he is now wrecking.
As CNN put it: “Trump was dealt worse cards to begin with than previously known, which means the recently reported decline in hiring – and in some sectors, layoffs – can be viewed in part as a continuation of where things left off when Biden left the White House in January.”
That’s not all. Also on Tuesday, the Census Bureau released its report on median household income, which shows a meager increase of $1,040 in 2024 after adjusting for inflation – which is less than the margin of error!
Real median income for blacks fell $2,060. Income for Midwestern families and those living outside cities also declined. Those without a high school diploma saw incomes drop by nearly 2% in 2024.
The Biden economy was, however, good for one group of people. Household income for non-citizens went up more than 11% in 2024.
The Census report also shows that real household income was essentially unchanged from the year before the COVID panic. It was $83,260 in 2019, and $83,730 in 2024.
In other words, most Americans were treading water against Bidenflation. Job growth was anemic, not historic. And Trump inherited a weak economy – one made weak by Biden’s combination of massive inflationary spending, out-of-control regulations, and high taxes.
The American people knew it. And they knew who to blame. Which is why they put Donald Trump back in the White House.
Whether Trump will deliver on his promise to fix the mess Joe Biden left him remains to be seen. But at least we can now all agree that the Biden economy was anything but “glorious.”
Many on the left seem to think that worse is better.
They weren’t wrong
They lied
As usual the story is not the story.
The real question is WHY the numbers were so inflated, the answer of course is they lied and were attempting to continue the coup.
They weren’t wrong they were lying.
BTTT
Krugman is a perfect example of how public accolades by things such as Nobel prizes, academic titles (actually any title), and/or designation as an ‘expert’ means nothing.
But if you buy food, gasoline - in short: daily necessities - you'll have a pretty good handle on inflation.
Under Biden, inflation was rising, and everyone knew it!
Regards,
Better, i.e. worse, for them means a growing line of dependents on the government cheese. What's not to like?
Also hidden in the statistics is the fact that a huge percentage of the employment gains that actually did happen under Biden were the result of hiring more government workers. Biden abandoned the private sector for his four years. Did he really need 84,000 new IRS employees he tried to get? Do we really need over 16,000+ EPA employees writing new regulations that guarantee themselves jobs while Congress abdicated its oversight responsibilities? Hint: NO!
What Would The Lib Do?
1. Call for criminal charges to be filed! Find a friendly AG somewhere to file charges!
2. Find a friendly judge and SUE on civil charges!
They may not win, but that’s how the Libs roll because the process is the punishment…..
I think they were trying to manipulate and cheat to ensure that Kamala Harris will get elected.
Too many roadblocks. And they knew that they couldn't cheat like they did in 2020.
It’s easy to forecast what the economy will do. Take Clown Krugman’s forecast, pass it through an inverter and voila, that’s what’s gonna happen.
They lied
This^^^^^
"And the reason is simple. The experts were wrong. The public was right. On Tuesday, the Bureau of Labor Statistics, after a string of glaring mistakes in its jobs report...That's BS. It was a campaign strategy to gaslight the American people to get Biden re-elected and, after he dropped out, get Harris elected. Pure and simple, the BLS lied to carry the Biden and Harris water.
It infuriates me when intentional subterfuge gets branded as "the experts were wrong" and "a string of glaring mistakes." There were NO MISTAKES!
“Obama’s” 3rd term in truth. They will scape goat anyone they need to but him. 0 consequences.
Meanwhile, over at the stock market, money is gushing in. Prices are completely crazy.
The guy is a propagandist. None of his economic proclamations has ever been accurate.
Climate change data, economic data, crime data, Census data, elections. All faked to help leftists.
“Climate change data, economic data, crime data, Census data, elections. All faked to help leftists.”
Very good list! Every statistic put out by fedgov is rife with cheating and lies driven by the democrat “by all means necessary” ethos to solidify their power for eternity.
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