President Joe Biden Caught Lying About Job Creation After Downward Revision Removes 700,000 Jobs He Lied About Creating Confirming Previous Site Claims

....And Biden's Job Creation Numbers Are Still Greatly Inflated

Biden Further Falsely Claiming Former President Donald Trump's Job Creation Figures As His Own Regarding Returning Jobs (Temporary Business Closures During Pandemic That Reopened After Lockdown)

November 5. 2023

Joe Biden

President Joe Biden has been lying his butt off about the U.S. economy for his entire presidency. Even before he was elected assumed office, Biden was spouting foolishness about the economy I stated would not work, then I was proven correct (Joe Biden Tax Plan Slammed And Debunked On '60 Minutes' Confirming Previous Site Claims About His Poor Economic Plans).

Through his idiocy and incompetence, Biden ushered in an unprecedented inflation that has severely damaged Americans' finances. Yet, he keeps lying in stating he has created a record number of jobs. I have consistently maintained that Biden is lying about job creation.

On June 15, 2022, in the article "Biden Administration Rate Hikes Will Cause Credit Card And Mortgage Payments To Increase On People Who Are Already Struggling In America" I warned Biden is falsifying job numbers: "Biden also continues to tout dodgy job numbers. Biden has stated he created over 13,000,000 jobs in one year, yet employers continue to state on television and in publications there is a massive labor shortage problem in America. There are two jobs for every worker. Why is Biden ignoring these televised stats in favor of his own empty, untruthful spin."

This week the Biden administration revised the past few months job creation numbers downward (see article excerpts below under the STORY SOURCE section). One report revealed, "Between the downward adjustments for the monthly data and the semiannual benchmark, the number of jobs has been revised down by almost 700,000."

This proves Biden has been lying his pleated butt off about job creation, as I stated last year. To make matters worse, Biden is not counting the 5,000,000 Americans who gave up on trying to find a job. Unemployment is significantly higher than Biden is stating.

In further acts of arrogance and fraud, Biden is claiming returning jobs former President Donald Trump created as his own job creation, "On the other hand, prior to the pandemic, job creation under President Trump was 6.7 million—3 million more jobs than the current President" (https://budget.house.gov).

In January 2021, I again predicted that Biden would ruin the American economy and it is happening (The U.S. Economy Will Be Gone Due To President Joe Biden’s Policies). The price of many things in America have doubled under Biden (The Biden Administration Publicly Admits They Don't Know What They Are Doing).

Remember in a previous article I posted a small except from one of my previous college textbooks, which explained why inflation happens, to refute the madness Biden was claiming in denying it wasn't even taking place (America's Inflation Under President Joe Biden Is Dangerous And Created By Design).

This is one of the things I can't stand with Biden/Obama. They create horrible financial and social problems. Then they gaslight the public about these adverse events they've created, while letting the country collapse into financial, social and climate ruin.

At college I formally studied economics, finance, business, marketing, Hispanic marketing, business management and business supervision (which are classes about world economies, international banking and running multinational corporations) and sociology I and sociology II (the latter two classes are in reference to society and how governments work). This has been my environment for years.

In one corner you have two dozen widely accepted and used college textbooks written by professors and business experts, many of whom are PhD holders. In the other corner you have demented Joe Biden, who did not do well in college and lied about it until he was exposed on the news.

Dozens of highly educated professors and business experts with thousands of years of knowledge between them, wrote in college textbooks of indicators that signal when an economy and or corporation is doing poorly. Then, there's sleepy Joe Biden, talking out of his behind, which he falls on often, telling everyone in America the economy is in the best state it has ever been. Delusional! People who know better discern Joe is lying through his big wolf looking teeth.

There I was flipping through my textbooks while listening to Joe babble on about his greatness and economic prowess, while thinking, "Every textbook I have shows this man is lying!" Biden's math wasn't mathing. It's still not mathing. However, now he has named it "Bidenomics" which is a synonym for failure.

I read the financial news on a regular basis. I kept seeing headlines/articles regarding top U.S. corporations laying off thousands upon thousands of people during Biden's tenure, but the President kept lying that the economy is doing well, even in the face of mounting proof it is in trouble (U.S. Economy Takes Another Hit As Employers Cut 300,000 Jobs And Stocks Such As Facebook Lose Billionn). Recently, I read an article that stated Americans are defaulting on car payments at a record rate. I've also been reading articles stating that under the Biden administration it is harder than ever to own a home in America. This is a terrible indicator of the damage he has wrought. These are all indicators of a terrible financial development in U.S. history...and his name is Biden.

You don't have to be a business specialist to know Biden has severely damaged the U.S. economy. Even so, let's put that aside for a moment. When I go to supermarkets or shop for food online, I see that a chicken that was $10 during the Trump administration is now $18 under Biden, a carton of eggs that was $2 is now $6, a case of regular or diet soda that was $5.50 is now $9, a small tub of butter that $2.50 is now $4.99.

People are spending hundreds more at the supermarket every month that they don't have to spare. The price of gas has more than doubled under Biden (Gas Hitting A Record $7.50 Per Gallon In America Is Another Indicator President Joe Biden Has Failed In His Handling Of The Economy). Yet, Biden kept stating there is no inflation and the economy is the best it has ever been. It wasn't until the public started slamming him online that he owned up to it and pushed through the Inflation Reduction Act (which was a waste of money, as inflation is still soaring).

Seeing headlines of crime skyrocketing to record rates under Biden is also very disconcerting. Social networking is flooded with videos of people going into stores all over America, grabbing all the merchandise they can carry, then running out the front door. How is any of this progress. America wasn't like this before. The nation has severely regressed under Biden.

STORY SOURCE

Instant View: US jobs growth slows more than expected in October

November 3, 20239:13 AM EDT Updated 2 days ago - NEW YORK, Nov 3 (Reuters) - U.S. job growth slowed more than expected in October in part as strikes by the United Auto Workers (UAW) union against Detroit's "Big Three" car makers depressed manufacturing payrolls, while wage inflation cooled, pointing to an easing in labor market conditions.

Nonfarm payrolls increased by 150,000 jobs last month, the Labor Department's Bureau of Labor Statistics (BLS) said in its closely-watched employment report on Friday. Data for September was revised lower to show 297,000 jobs created instead of 336,000 as previously reported...

https://www.reuters.com

If Economic Growth Seems Too Good To Be True, That’s Because It Is

Sep 12, 2023 - Between the downward adjustments for the monthly data and the semiannual benchmark, the number of jobs has been revised down by almost 700,000. The revised estimate for gross domestic product in the second quarter of the year removed an eighth of the previously estimated growth, falling from 2.4% to 2.1%.

When almost half of the country thinks we’re in a recession, the blowout economic numbers seem out of place. If you’re puzzled as to how the Biden administration’s economic data can be so rosy while your own financial situation has deteriorated so quickly, you’re not alone.

Part of the explanation for this bizarre divergence lies in the quiet revision process that has consistently downgraded the official data after the initial headline got all the attention. In short, the economy is not as strong as we’ve been led to believe...

https://www.heritage.org

Fact Check: Biden Misleads on Job “Creation” Statistics

June 02, 2023 - The May jobs report showed alarming signs in the labor market. The household survey data—the part of the jobs report data that looks directly at American workers—showed that 440,000 more Americans became unemployed, a sign that the labor market may be beginning to deteriorate in the face of raging inflation and sky-rocketing interest rates.

President Biden released a statement in response to the May jobs figures praising his Administration’s so-called job creation numbers. Biden’s White House tweeted that they have added more jobs under his watch than any President has in a single four-year term.

These claims are misleading. Here’s why. Recovery versus “Creation.” Nearly 72 percent of all job gains since 2021 were simply jobs that were being recovered from the pandemic, not new job creation. In fact, when looking at today’s economy compared to pre-pandemic levels, employment is up only by 3.7 million.

On the other hand, prior to the pandemic, job creation under President Trump was 6.7 million—3 million more jobs than the current President. 

https://budget.house.gov

Biden Boosted the Need for Food Stamps—And Calls That a “Success”

Aug 29, 2023 - Under Trump, the combination of low inflation and a booming economy meant more people with jobs and growing paychecks that weren’t simply negated by higher prices. If Biden had managed to achieve the same downward trend in welfare reliance that his predecessor had, food-stamp rolls wouldn’t have increased the last two years.

Ironically, the greater need for food stamps today has largely been created by Bidenomics itself, and the runaway government spending that underpins it...

https://www.heritage.org

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