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Showing posts with label Biden lies. Show all posts
Showing posts with label Biden lies. Show all posts

Thursday, May 11, 2023

The Employment Number Games Continue–(Biden Department of Labor lies)

 Biden Department of Labor has found that payrolls exceeded expectations! And, of course, beating expectations is important to the stock market and the Fed. To say that the Biden administration’s current “winning” streak is unprecedented is an understatement:



 I have posted repeatedly about the Biden administration’s constant issuance of false initial employment-related numbers, followed by extensive downward revisions in succeeding months.  But since only the initial reports get any attention from the media, all the public sees are the initial lies, not the later corrections.  So we got the April report today from the Bureau of Laborious Lies and miracle of miracles, once again the number of new jobs exceeded expectations by about 50,000; 235,000 versus 185,000 expected.  Hmmm, but then March’s initial numbers were revised down by 61,000 jobs and February’s by 78,000.  January had already been revised downward.  You see the pattern.   So the revisions were far more than the supposed over-expectation number for April, which will inevitably be revised down in future months.

Also of interest is the exceptionally large confidence intervals for the two surveys used for the labor force report.  The business establishment report has a confidence interval of 130,000 jobs at typical statistical significance confidence levels, which is mammoth.  So April could be 105,000 jobs or 365,000 jobs.  Yet somehow the

Tuesday, March 14, 2023

Here's how tough it was to stop an "insurrection." Just ask them politely to leave.

Monday, September 12, 2022

Wednesday, December 15, 2021

Meat conglomerates decided to become greedy in December 2021 for some reason

Thursday, December 09, 2021

‘Joey, baby’: Biden shares false Amtrak tale for 6th time this year

 

President Biden clearly thinks this one never gets old — if only it were true.


Biden on Wednesday repeated for the sixth time this year what he called a “true story” about an encounter with an Amtrak conductor named Angelo Negri — despite the story being declared “false” by fact-checkers.


Biden said it happened when he visited his sick mother, who died in January 2010, less than one year after he became vice president. On at least three other occasions, Biden said it happened much later in his second term.


At this point, he probably believes it.