Posted on 09/04/2023 5:16:33 AM PDT by CFW
President Job Biden’s story about the success of Bidenomics just keeps shrinking.
The Labor Department has consistently overestimated payroll growth predictions under the 46th president and has been forced to revise the data downward to reflect slower economic growth throughout 2023.
In addition, the Commerce Department significantly revised economic growth downward, dropping last quarter’s Gross Domestic Product by three-tenths of a point from 2.4% to 2.1%.
Experts say the administration’s overly positive economic predictions — especially on jobs — are masking the growing discomfort that every day Americans feel from inflation and rising interest rates.
“The labor force participation rate is the story there. I think it's really because people really are running out of money basically to afford living,” said Alfredo Ortiz, the head of the Job Creators Network, small business lobby.
(Excerpt) Read more at justthenews.com ...
I’M SHOCKED! SHOCKED I TELL YA! we as a country were warned where a Biden administration would take us but mean tweets or something. “elections have consequences and then everyone suffers the consequences”. Enjoy your consequences America.
The FED has one single mandate, profits for its 300+ shareholders. That’s it!
Any other perceived mandate is window dressing.
This is a “Slick” Clinton tactic. Tell a gigantic lie today, retract or deny it tomorrow. With the media’s help most of the country will see the lie, almost no one will see the retraction. Lies work!
“This is a lie. The fuel price increases started a full year before the Ukraine war. That’s a verifiable fact. Biden’s frist act the first day in office was to shut down the Keystone pipeline. Buden has bern at war with petroleum and gas since day one.”
Political corruption thrives on the public’s short memory.
“Dung Beetle Media.”
I like that. Very fitting.
It is interesting how -- after the first headlines are spewed into the eyes of readers -- almost ALL government data is revised downward when first presented as "optimistic", or revised upwards when "bad news" was at first camouflaged. Media. Government. Lying with intent.
>Amazing how when Trump was in office they were always adjusting economic data upward after the news reported..<
The constant seems to be about a 15% error, both ways.
A 2.4 revised to 2.1 doesn’t sound like much but it’s a 15% error. Imagine any profession where a 15% error does NOT result in death or misery.
EC
And in the interest of manufacturing efficiency:
The foil wrapper...cardboard container....list of ingredients in 56 languages....instructions for opening the cardboard box ....
Will be included in the total weight of the product.
When Biden-people talk about “all of government approach” they are saying that we have a solidifying fascist regime which will use any agency and tell any lie to achieve the ends of the ruling party. Using phony Labor stats to plump up the economy is only to be expected. A complicit media will duly report without hesitation whatever the government feeds them.
Dumbasses. They said that the additional rate increases were to slow the economy.
This data is evidence of that effect, without regard to the damage ongoing via numerous other policies.
They know from experience the vast majority of the electorate is stupid for a multitude of reasons, and I believe that those pulling the strings are not so dumb.
This is with intent.
A rhetorical: Would an economic crash afford more or less control than another plandemic?
BOTH
why does everyone keep using this term Bidonomics? As if Biden has an actual economic plan we are living under!
Define “bidonomics”? you can’t because there is NO SUCH THING!
We are not living under an economic plan put forth by Biden that might succeed or fail. We are adrift economically and simply trying to recover for the lefts Covid lockdowns!
This is great!
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.