Free Republic

An economist skewered the leftist media for mindlessly propping up the Biden-Harris job market as the epitome of success now that it was revealed that the government overestimated job growth by nearly 1 million jobs. The Biden-Harris administration’s overestimation was a whopping 818,000 jobs, equal to about 30 percent of the reported jobs growth in the 12-month period ending March 2024. The revision obliterates much of the optimism about how legendary the Biden-Harris job market supposedly was. The New York Times blathered in a June 2024 analysis piece about Biden having a “historically strong job market.” The Times economic columnist...

Friday’s jobs report has everyone excited. Everyone, that is, who is pulling for Joe Biden to win reelection. Outside that blinkered lot, the pain of Bidenomics is still very real. “Today’s report marks a milestone in America’s comeback,” he said. “Three years ago, I inherited an economy on the brink” – a lie we’ve repeatedly exposed – “With today’s report of 303,000 new jobs in March, we have passed the milestone of 15 million jobs created since I took office” – another lie; as we noted last week, the economy has created only 5 million net new jobs under Biden,...

Have you taken a peek at the balance in your 401(k) retirement accounts lately? Here’s our advice: Don’t bother. It will ruin your whole day, week and month. We’ve now had seven straight months of 8%+ inflation. A year ago we were assured by the White House that these rapid price increases in everything from groceries, to rental cars, to gasoline at the pump, to health insurance were merely “transitory.” Whoops. The most immediate sticker shock from Bidenflation has been to shrink real take-home paychecks of workers. This rise in consumer prices over wages means that the average family in...