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The Bureau of Labor & Statistics has been caught fabricating payroll jobs for Biden.
Posted on 3/29/24 at 9:01 am
Posted on 3/29/24 at 9:01 am
quote:
Of course, none of that paints Bidenomics in a flattering picture, because while one can at least pretend that issuing $1 trillion in debt every 100 days to add 3 million jos per year is somewhat acceptable, learning that that ridiculous amount buys 800,000 jobs less is hardly the endorsement that the White House needs.
Which is also why nobody in the mainstream media - which is now nothing more than the PR smokescreen for the Biden puppetmasters, the government and the deep state - will ever mention this report.
Did the BLS ever get caught fabricating jobs for POTUS Trump? I can not believe the Lying Media (MSM) is not all over this story. Trillions of dollars spent to create fewer jobs!!
It's the economy, stupid!!
This post was edited on 3/29/24 at 9:20 am
14
Posted on 3/29/24 at 9:03 am to Timeoday
Started under Obama.
"Unexpected" job numbers and regular downward (or negatively upward) revisions were commonplace.
"Unexpected" job numbers and regular downward (or negatively upward) revisions were commonplace.
Posted on 3/29/24 at 9:06 am to Timeoday
“If you don’t like the numbers, massage the numbers until you get something you like”
Any investor that relies on BLS issued metrics is a fool….. and should expect to soon be parted with their $ ….
Posted on 3/29/24 at 9:12 am to Timeoday
Is overestimating job numbers as bad as overestimating property values?
Posted on 3/29/24 at 9:14 am to Timeoday
quote:
...one can at least pretend that issuing $1 trillion in debt every 100 days to add 3 million jos per year is somewhat acceptable...
That's not acceptable at all. There's no way to even pretend. That would be spending 3.65 trillion annually to produce 3 million jobs. In order to break even on the investment, each of those new jobs would have to generate $1,216,666.67 in taxes annually. That's not "generate $1,216,666.67 in taxable income," that's in actual taxes paid! (People tend not to realize how truly large a trillion is unless it's explained to them in terms that "one trillion is one million times one million.")
Maybe it's time for We the People to invest in futures of hot tar and feathers.
Here's something even scarier:
quote:
Service-based industries, including professional and business services, real estate, finance, and health care, make up the bulk (70%) of U.S. GDP. In comparison, goods-producing industries like agriculture, manufacturing, mining, and construction play a smaller role.
Professional and business services is the largest industry with $3.5 trillion in value added. It comprises establishments providing legal, consulting, design, administration, and other services. This is followed by real estate at $3.3 trillion, which has consistently been an integral part of the economy.
Due to outsourcing and other factors, the manufacturing industry’s share of GDP has been declining for decades, but it still remains a significant part of the economy. Manufacturing of durable goods (metals, machines, computers) accounts for $1.6 trillion in value added, alongside nondurable goods (food, petroleum, chemicals) at $1.3 trillion.
In other words, we don't produce nearly as much in goods and materials to create wealth as we do to simply trade money between hands for services that create nothing in tangible reality.
Visual Capitalist: Visualizing US GDP by Industry in 2023
This post was edited on 3/29/24 at 9:25 am
Posted on 3/29/24 at 9:21 am to udtiger
quote:
Started under Obama.
"Unexpected" job numbers and regular downward (or negatively upward) revisions were commonplace.
Yep. They even used Quantitative Easing to help Bath House Barry out, obviously to no avail.
Posted on 3/29/24 at 9:24 am to Swamp Angel
quote:
That's not acceptable at all. There's no way to even pretend. That would be spending 3.65 trillion annually to produce 3 million jobs. In order to break even on the investment, each of those new jobs would have to generate $1,216,666.67 in taxes annually. That's not "generate $1,216,666.67 in taxable income," that's in actual taxes paid! (People tend not to realize how truly large a trillion is unless it's explained to them in terms that "one trillion is one million times one million.")
Maybe it's time for We the People to invest in futures of hot tar and feathers.
Posted on 3/29/24 at 9:28 am to NineLineBind
quote:
Is overestimating job numbers as bad as overestimating property values?
This sounds like a question for someone like John Stewart.
Posted on 3/29/24 at 9:33 am to Timeoday
This is how Leftist Totalitarian Regimes operate.
We are almost there, so, keep voting Democrat, America.
We are almost there, so, keep voting Democrat, America.
Posted on 3/29/24 at 9:39 am to udtiger
Started under Obama now we here? You know, like that song.
This post was edited on 3/29/24 at 9:39 am
Posted on 3/29/24 at 9:40 am to Timeoday
The Wire: Juking the Stats
Once again, The Wire was all over this.
"Making robberies into larcenies, making rapes disappear"
You juke the stats, and majors become colonels and mayors become governors.
Posted on 3/29/24 at 9:53 am to Timeoday
democrats are liars
Posted on 3/29/24 at 9:56 am to Bjorn Cyborg
quote:
The Wire: Juking the Stats
Once again, The Wire was all over this.
"Making robberies into larcenies, making rapes disappear"
You juke the stats, and majors become colonels and mayors become governors.
That was an outstanding scene and so, sooooooooooooo true in our American system today.
Posted on 3/29/24 at 10:01 am to NineLineBind
quote:
Is overestimating job numbers as bad as overestimating property values?
Depends on who is doing the estimating, right? …. and if the public is being harmed.
Trying to equate the Trump property value allegations with a massive government policy to deceive the taxpaying public is just ….. well, disingenuous.
This post was edited on 3/29/24 at 10:09 am
Posted on 3/29/24 at 10:02 am to Swamp Angel
quote:
In other words, we don't produce nearly as much in goods and materials to create wealth as we do to simply trade money between hands for services that create nothing in tangible reality.
Of those manufactured goods: take out those manufactured for the govt (millions of square feet of office space in places like DC that costs 2K a square foot), and all weapons produced for the MIC.....and we dont make shat anymore.
Posted on 3/29/24 at 10:19 am to Swamp Angel
quote:
we do to simply trade money between hands for services that create nothing in tangible reality
It’s a massive problem
Posted on 3/29/24 at 10:27 am to Timeoday
Your source has zero credibility. It’s a gossip rag for libertarian hedge fund hucksters.
Posted on 3/29/24 at 10:37 am to Timeoday
If they lie to prop Biden up imagine what they lied about to make Trump look bad.
Posted on 3/29/24 at 10:40 am to Timeoday
quote:
the mainstream media - which is now nothing more than the PR smokescreen for the Biden puppetmasters, the government and the deep state
No one really needs to objectively and realistically look any farther than KJP to see exactly how disingenuous and propagandized this entire fraudulently installed White House occupant's administration is.
I mean, seriously, even the most hardcore of liberals on this board cannot possibly look at the current press secretary and see anything other than someone who mirrors the persona of the smartest kid in third grade in inner-city Baltimore.
ABXi, XiBS, NBXi, MSDNC, XiNN, NPR, Faux News, Facebook, Reddit, Hollywood, the music industry, network and cable/satellite TV, ESPN, all major sports, big tech, Wall Street, NYT, WaPo, LAT, and 99% of all other media publications all spout the exact same liberal/Marxist propaganda in unison. Built-in algorithms prevent dissent from being seen. The three-letter agencies enforce the tyranny when people actually find a way around the roadblocks that prevent one from practicing their inherent GOD-given and Constitutional liberties.
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