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Propaganda Exposed: 818,000 ‘Kamalanomics’ Jobs Vanish
Or more accurately, never existed in the first place…
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Or more accurately, never existed in the first place…
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6 comments
The ZeroHedge article link is worth the read…the picture of distortion is actually even more alarming that what FITS summarizes. The ZH article notes that 10 out of 11 BLS labor reports were revised downward by substantial sums in 2023, and the trend goes back well into 2022. That’s almost unheard of. All told, when you compare all the BLS initial reports (which get all the media air time) to the subsequent revisions (which get minimal air time) the BLS overstated its job creation numbers by about 5 million jobs from 2022 to present, and the net result is effectively that employment levels are the same as they were just before the pandemic. ALSO, what additionally skews the picture is that BLS doesn’t really account for single persons holding multiple jobs – they just look at each job, and allow the public to assume that each job is held by a single person. ALSO, of the numbers of jobs restored after the pandemic, a huge percentage of them are filled by illegal immigrants…again, BLS doesn’t really highlight that in the public disclosures, allowing the public to think those job increases are for American, not boarder- jumpers.
I 100% agree that the 750M+ spent by the federal government on market metrics should be cut entirely…the public sector (like Bloomberg) provides all this information now, and more accurately.
Ah how quickly we forget when we want to. Its a hot summer day in August of 2019. Trump is railing that he is the greatest President in history and probably the greatest leader in the history of the world, that if Biden is elected your 401k will be devastated and the country will go into a depression. Suddenly the BLS announces it has overcounted jobs for the last year by 500,000. Even worse after the revision, the country had lost thousands more manufacturing jobs under Trump than previously thought. Had Trump been scamming the country or was this just what happens from time to time?
Should these corrections be necessary? I don’t know. Keeping up with job creation is hard, and the Fed has been trying to slow the extremely strong economy for over a year, to bring down inflation; which they have. But conspiracy is all that Trumpers like Will have. So if this is not further revised, Biden will have created, 14,200,000 jobs instead of 15 million, while Trump actually lost jobs during his administration. And no the jobs are not going to illegal aliens that is just as big a lie as the millions of illegals voting.
But you want to know the real news that we got this week. Since 1989 the US economy has created 51 million new jobs. 50 million of those were during Democratic administrations. And that number has been fact-checked.
Former President Bill Clinton: “Since the end of the Cold War, in 1989, America has created about 51 million new jobs. … What’s the score? Democrats 50 (million), Republicans 1 (million).”
Mostly True.
The number of jobs created from 1989 through March 2024 — under Republican Presidents George H.W. Bush, George W. Bush and Donald Trump, and Democratic Presidents Bill Clinton, Barack Obama and Joe Biden — was 50.6 million. Of that number, a bit over 1 million, or about 2.6%, were created during the Republican presidencies.
Including the 617,000 jobs added since March, when we last fact-checked a claim like this, further tilts the Democratic advantage.
Uhm yeah…
Clinton is the “leader in job creation” but his “job creation number’ are largely due to the efforts of Mr. Newt and company (Republicans controlled both the house and senate for most of his term)
Reagan is next and his greatest period of “job growth” is the 6 years when the Republicans controlled the Senate.
Obama’s greatest period of “job growth” is again during a period when Republicans control Congress.
Hit submit a little soon…
The idea that presidents, in the modern era, can “create jobs” is so farcical as to make those who argue that they do look foolish. They can and often do kill jobs with their “…phone and pen…” (see Keystone or Obama’s “Green Jobs” actions) but no one starts hiring people when a Biden or a Bush talks about “…shovel ready jobs..”.
If you want to give them credit for anything involved, it would be signing the actual laws and staying out of the way (read not writing stupid executive actions (again, see Keystone and Biden’s rejoining the Paris Accords)
If it’s good while a Republican is President, Republicans take credit, if it’s good while a Democrat is in office Republicans take credit. If it’s bad while a Republican is in office, it’s the Democrat’s fault, if it’s bad while a Democrat is in office it’s the Democrat’s fault. It’s just the way it is with the GOP now the Trump Cult. Thet are akk just like Trump.
The truth is there is little the government can do to stimulate job growth or spur the economy other than spend money to make the economy grow faster, run up deficits to make the economy grow faster, or cut deficits or spending to slow the economy down. Both the President and the Congress have a roll in those decisions.
“For those of you unhip”
The definition of unhip is the picture of Will Folks looking like he’s cosplaying the dumbest guy in Congress, Chip Roy.