Joe Biden, his fellow Democrats, and their media allies have all gone to great lengths to laude the President as one of the greatest “job creators” in American history.
But his “accomplishments” are apparently nothing but total propaganda.
At least, that’s according to the Biden regime, which quietly released one report that completely debunks all of Joe Biden’s claims about being the ultimate “job creator.”
Government bureaucrats can’t be trusted
It’s obvious to those who have been paying attention that government data and statistics are often specifically designed to manipulate reality and make it seem like those in power are producing greater successes for the nation than they actually are.
For example, the unemployment rate, which is often put forward by the ruling class and their media allies as a key metric for determining the overall health of the American economy, isn’t actually a true illustration of the number of Americans out of work.
That’s because when calculating the unemployment rate, government bureaucrats only count those within what they call the “labor force” who do not currently have jobs as “unemployed.” However, if an individual is out of work for more than four weeks and simply decides not to look for a new job, staying on taxpayer-funded assistance instead, they can no longer be counted among the “unemployed.”
The same is true of many other economic-based statistics put forward by the ruling-class elites, including the number of jobs the government supposedly “creates.”
The Bureau of Labor Statistics fully admits on its website that their supposed “job creation” reports are estimates that are conducted with a 90% level of confidence.
Nevertheless, back in June, President Joe Biden used the May monthly jobs report to claim “this is Bidenomics in action.”
“Our economy added more than 200,000 jobs last month — for a total of 13.2 million jobs since I took office,” Biden said in a statement written for him by a staffer. “That’s more jobs added in two and a half years than any president has ever created in a four-year term. The unemployment rate has now remained below 4 percent for 17 months in a row—the longest stretch since the 1960s. The share of working-age Americans who have jobs is at the highest level in over 20 years. Inflation has come down by more than half. We are seeing stable and steady growth. That’s Bidenomics—growing the economy by creating jobs, lowering costs for hardworking families, and making smart investments in America.”
The Biden regime and their allies have also parroted the same nonsense talking points, using data they control that’s specifically designed to manipulate reality to tout Biden’s supposed “job creation” skills.
The only problem is, even the Biden regime is now admitting they grossly overestimated the number of jobs they “created.”
Revising the truth
According to a new “preliminary revised estimate” released by the Bureau of Labor Statistics, the U.S. economy added over 300,000 fewer jobs from March 2022 through March 2023 than the Biden regime originally used to push their false narrative around so-called “Bidenomics.”
Over 25% of the jobs we initially thought we gained this year weren't actually there: pic.twitter.com/otu58N8GZD
— EJ Antoni (@RealEJAntoni) August 23, 2023
And this isn’t even the final estimate, which won’t be finalized until January, meaning the Biden regime’s lie could very well be significantly worse than it already is.
“The estimate, which will be finalized in January, indicates that from March 2022 to March 2023, the U.S. economy added 306,000 fewer nonfarm payroll jobs, averaging to 25,500 fewer jobs per month, according to the [Bureau of Labor Statistics],” The Daily Caller reported. “The largest revisions were in transportation and warehousing and professional and business services, accounting for 146,400 and 116,000 fewer jobs, respectively, than previously reported.”
To make matters even worse, as Heritage Foundation economist EJ Antoni pointed out on X, private sector payrolls were actually revised down by over 350,000 jobs, while government sector payrolls ballooned by more than 50,000.
Sure enough, payrolls revised down 306k; but PRIVATE payrolls revised down 358k while GOVERNMENT payrolls revised up 52k – smaller private sector and bigger gov't… https://t.co/8BOFlHq3AP pic.twitter.com/VlxMQLwhgn
— EJ Antoni (@RealEJAntoni) August 23, 2023
Make no mistake about it, this is exactly what Joe Biden and his Democrat allies have always had in mind for “Bidenomics.”
And they’ll stop at nothing to destroy the free market and exponentially expand government to ensure working-class Americans are dependent on the elites, and thus, easier to control.