Stolen valor: Another downward revision in the Biden jobs numbers and it's a doozy

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Posted on 12/26/2024 3:12:19 AM PST by MtnClimber

Ahead of President Trump taking office on Jan. 20, Bidenomics is still with us.

Joe crowed about all the 16 million jobs he'd 'created' in his speech five days ago, patting himself on the back.

Here's the White House public relations video: [video at link]

It was stolen valor.

Turns out his jobs numbers look like this:

Post

Stephen Moore @StephenMoore 🚨 Another half-million jobs reported under Biden turn out to be phantom! 🚨

The Philly Fed's recent findings reveal that Q2 job growth was actually negative, with all reported gains set for revision in 2025. This follows an alarming downward revision of 800,000 jobs from last year.

Stay tuned for January’s nonfarm payrolls—more adjustments on the way! 📉

No net new jobs at all? Job growth negative, jobs lost left and right?

And what a coincidence, it happened just as election was on -- phony numbers for a political purpose -- right about when they had a plan to elect a Democrat.

This isn't the first time they've revised jobs and other economic indicators downward after first reporting them as impressive, indicating signs of growth -- which is politically advantageous to Biden. Back in July and as I recall, September, Biden was doing the same thing -- fake numbers to get a market boost, then, months later, the real ones.

That's particularly bad as a practice on jobs and employment numbers, because the Federal Reserve watches those very closely as they set interest rates. Bad information means bad decisions -- and quite possibly, recession.

(Excerpt) Read more at americanthinker.com ...

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1 posted on 12/26/2024 3:12:19 AM PST by MtnClimber

To: MtnClimber

2 posted on 12/26/2024 3:14:36 AM PST by MtnClimber (For photos of scenery, wildlife and climbing, click on my screen name for my FR home page.)

To: MtnClimber

3 posted on 12/26/2024 3:22:26 AM PST by nopardons

To: MtnClimber

4 posted on 12/26/2024 3:30:56 AM PST by Fresh Wind (Cats For Trump 2024!)

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