New Labor Statistics prove what we all knew was BS months ago

3,099 Views | 25 Replies | Last: 10 days ago by LuoJi
DDub74
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https://www.zerohedge.com/economics/biden-lied-about-everything-philly-fed-finds-all-jobs-created-q2-were-fake

Only over counted by 1 million (rounding error)
hunter2012
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AG
Burrus86
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They could have left it at "Biden Lied About Everything," and the article would have been accurate enough!
techno-ag
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Trump will fix it.
TexasAggiesWin
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S
This type of pure gaslighting and lying about information by the media and our government is infuriating. And then they both were in cahoots with Kamala and her campaign constantly bragging about how great everything is.

Bird Poo
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Zero accountability. It's not just the politicians. Many levels of the bureaucracy have to approve these numbers as well.
DrEvazanPhD
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Ag87H2O
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"And while we don't yet know the specifics of the revisions - those will be revealed on Feb 7, 2025 when the final numbers are published - at the national level, we do know that all the jobs reportedly "created" in the second quarter, were actually fake, there were no net jobs created at all, and in fact, the US lost jobs in Q2 (2024)!"

Anyone with a miniscule amount of common sense knew this was happening. When they kept revising the numbers downward every single month, you knew the books were being cooked.

Once again, Democrats are proven liars that are looking out for their own political fortunes, not the best interests of Americans.
captkirk
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If we've learned nothing else, its that libs absolutely love being lied to. Over and over and over again.
Detmersdislocatedshoulder
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captkirk said:

If we've learned nothing else, its that libs absolutely love being lied to. Over and over and over again.


a liberal would rather be lied to by another liberal than be told the actual truth by a conservative. that's what we are dealing with.
Not Coach Jimbo
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Glad the fed held off on cutting rates because employment was strong.

I wonder what else this admin (and the fed) has done to manipulate the economy & perception. This BS will make things much harder on Trump to fix / avoid a massive crash. Just setting him up as the scapegoat while sweeping this crap under the rug.
titan
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S
Burrus86 said:

They could have left it at "Biden Lied About Everything," and the article would have been accurate enough!
Indeed. It would be interesting to try to catalog when he spoke that wasn't an official lie.

"To Biden" may eventually mean > to lie.
Trigon Jin
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I'm not sure what good it does to fudge numbers at this point, if everyone knows the initial data released are a lie...
Ag87H2O
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Trigon Jin said:

I'm not sure what good it does to fudge numbers at this point, if everyone knows the initial data released are a lie...
These were the numbers they already lied about from the second quarter of this year. We are just now finding out the real numbers, which will put the total revisions downward for the 12 months ending the second quarter of 2024 at over 1 million which is up from the 818,000 reported through the first three quarters of the fiscal year.

I'll remind that all this was during an election year, done purposely to prop up a failing administration.
rocky the dog
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Elections are when people find out what politicians stand for, and politicians find out what people will fall for.
MooreTrucker
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titan said:

Burrus86 said:

They could have left it at "Biden Lied About Everything," and the article would have been accurate enough!
Indeed. It would be interesting to try to catalog when he spoke that wasn't an official lie.

"To Biden" may eventually mean > to lie.
So to "tell a Biden" and "take a Biden" aren't the same thing?
e=mc2
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Maybe one of the betas will be along to explain how lying to the public is good for the country.
Ag with kids
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MooreTrucker said:

titan said:

Burrus86 said:

They could have left it at "Biden Lied About Everything," and the article would have been accurate enough!
Indeed. It would be interesting to try to catalog when he spoke that wasn't an official lie.

"To Biden" may eventually mean > to lie.
So to "tell a Biden" and "take a Biden" aren't the same thing?
Well, the second one is measured in Courics...
BuddysBud
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IIRC, during Trump's first term the jobs report was always revised upward. During the Biden administration the numbers are always revised downward.

Funny how the original incorrect numbers always seem to benefit one political party.
Ulysses90
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The Trump administration needs to point out at the very first press conference that that the BLS numbers should be viewed with the same jaindiced eye as a stock recommended by Jom Cramer until the corruption problem there is fixed.
geoag58
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All leftists are demonic liars.
Fight against the dictatorship of the federal bureaucracy!
Hubert J. Farnsworth
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&ct=g
Logos Stick
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Detmersdislocatedshoulder said:

captkirk said:

If we've learned nothing else, its that libs absolutely love being lied to. Over and over and over again.


a liberal would rather be lied to by another liberal than be told the actual truth by a conservative. that's what we are dealing with.


Nailed it.

They believe that a lib lying to them is always for the greater good. Thats how tyrants who kill millions come to power.

They are born that way. Nothing else can explain the stupidity.
SeMgCo87
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Ag87H2O said:

"And while we don't yet know the specifics of the revisions - those will be revealed on Feb 7, 2025 when the final numbers are published - at the national level, we do know that all the jobs reportedly "created" in the second quarter, were actually fake, there were no net jobs created at all, and in fact, the US lost jobs in Q2 (2024)!"

Anyone with a miniscule amount of common sense knew this was happening. When they kept revising the numbers downward every single month, you knew the books were being cooked.

Once again, Democrats are proven liars that are looking out for their own political fortunes, not the best interests of Americans.
And the one Labor stat the Libs hesitate to muck with...

LPR...

Labor Participation Rate.

It is a ratio of people working to total population...and if the influx of those illegals from SOB begin to count in the denominator...hmmmm....what's the mathematical truism again?

"You are being watched..."
DannyDuberstein
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They put CEOs in prison for fudging numbers like this.
LuoJi
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Zerohedge is a perma bear with no credibility.

Having said that, I believe this one
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