Remember that 818,000 downward revision in job creation last year?
Well, you can add another half million to it.
From economist/commentator Stephen Moore’s tweet:
Another half-million jobs reported under Biden turn out to be phantom!
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!
And here is the reaction to this information from American Thinker’s Monica Showalter:
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.
Rather than get the honest numbers and do something to fix them, Biden’s approach is to report fake numbers, get the media plaudits and campaign advantages, and then release the real ones later when no one is paying attention.
Now the revisions are in and suddenly Biden’s record is not so hot. Why anyone believes any of his numbers at all when they come out at this point is a mystery. But we know for sure that Biden is a failure on the economy — just as he’s a failure on everything else.
What you just read is a major indictment not only of Joe Biden but of the Democrat Party in general, the so-called “deep state” that abetted him…and, as usual (with all too few exceptions), our complicit, Democrat-committed media.
And that’s before we get to how many of the real, not phantom, jobs were second jobs for people who no longer can make it on one, and were given to illegals willing to work for less.
As Ms. Showalter points out (though I’d have done it a little less unpleasantly), it is also another indication of just how poor Joe Biden’s figurehead presidency has been.
Whatever you think of Donald Trump, the mere fact that whoever has been running this country during Biden’s alleged term of office will no longer be doing so is a major plus for us all.
