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Shrinking Bidenomics: Alarm grows as jobs, GDP data revised downward
Just the News ^ | 9/4/23 | Madeleine Hubbard

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 ...


TOPICS: Business/Economy; Government; Politics/Elections
KEYWORDS: bidenflation; bidenomics; economy; jobs; labor; sucks
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To: CFW

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.


21 posted on 09/04/2023 6:13:02 AM PDT by Qwapisking ("IF the Second goes first the First goes second" L.Star )
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To: Beowulf9

The FED has one single mandate, profits for its 300+ shareholders. That’s it!

Any other perceived mandate is window dressing.


22 posted on 09/04/2023 6:26:08 AM PDT by C210N (We're at war: Make them have to cheat so much it becomes comical, then ridicule them into oblivion.)
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To: CFW

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!


23 posted on 09/04/2023 6:27:21 AM PDT by Gideon300
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To: Ge0ffrey

“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.


24 posted on 09/04/2023 6:31:37 AM PDT by Gideon300
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To: FlingWingFlyer

“Dung Beetle Media.”

I like that. Very fitting.


25 posted on 09/04/2023 6:45:50 AM PDT by cld51860 (We’re doomed.)
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To: CFW
--- "GDP data revised downward"

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.

26 posted on 09/04/2023 7:06:26 AM PDT by Worldtraveler once upon a time (Degrow government)
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To: bray

>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


27 posted on 09/04/2023 7:07:47 AM PDT by Ex-Con777
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To: Fresh Wind
The chocolate ration has been increased from 30 to 20 grams per week.

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.

28 posted on 09/04/2023 7:10:59 AM PDT by spokeshave (Proud Boys, Angry Dads. Grumpy Grandads & Curmudgeons)
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To: CFW

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.


29 posted on 09/04/2023 7:26:27 AM PDT by hinckley buzzard ( Resist the narrative.)
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To: CFW

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?


30 posted on 09/04/2023 7:27:31 AM PDT by logi_cal869 (-cynicus the "concern troll" a/o 10/03/2018 /!i!! &@$%&*(@ -)
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To: CFW

BOTH


31 posted on 09/04/2023 9:26:25 AM PDT by GailA (Constitution vs evil Treasonous political Apparatchiks, Constitutional Conservative.)
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To: CFW

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!


32 posted on 09/04/2023 9:37:39 AM PDT by TexasFreeper2009
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To: SaveFerris

This is great!


33 posted on 09/04/2023 6:35:59 PM PDT by Beowulf9
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