The number one issue on voters’ minds is the economy. Despite being told repeatedly that the Harris/Biden economy was thriving, Americans are now confronted with the harsh reality that they’ve been lied to all along. It’s not as if we couldn’t tell things were bad—with soaring inflation, stagnant wages, and those constantly adjusted-down jobs reports that Harris and Biden used as a smokescreen to hide the ugly truth about their failed Bidenomics.
This has been a constant game of touting great jobs numbers, getting the press they needed, and then quietly adjusting them down, down, down.
Biden/Harris lied about jobs numbers.
They said in August there were 159k added, there were only 78k.
In September they said 254k, but only got 223k.
In October they expected 100k, but only got 12k.
Will they later revise October’s number even lower?pic.twitter.com/K39guxFXch
— Paul A. Szypula 🇺🇸 (@Bubblebathgirl) November 1, 2024
This has been a pattern of lies and failure that the Harris/Biden administration has used to gaslight the American people into believing this wild fantasy tale that the economy was soaring.
You will NEVER guess which way previous months were revised:
August was revised down by 81,000, from +159,000 to +78,000,
September was revised down by 31,000, from +254,000 to
+223,000— zerohedge (@zerohedge) November 1, 2024
Now, with a tough election just days away, Harris has been hit with a jobs report so bad, there’s no way to spin it or gaslight her way out of it. Last month, the US added a meager 12,000 jobs—the expectation was 100,000. Disastrous is the only way to describe it.
🚨 BREAKING: DISASTROUS jobs report – only 12,000 jobs added in the US over the last month, way below expectation of over 100,000.
And the prior two months' job gains has been REVISED DOWN BY 112,000.
Manufacturing jobs loss: 46,000.
— Eric Daugherty (@EricLDaugh) November 1, 2024
READ MORE: Mitch McConnell’s wannabe replacement is part of a liberal-run ‘disinfo group’…
Of course, the media is trying to take the horrific news and gently spin it for Harris.
Yes, it was a noisy October jobs report thanks to a pair of hurricanes and strikes, but that doesn’t fully account for a disappointing reading, said Samuel Tombs, chief U.S. economist at Pantheon Macroeconomics, in a note.
The U.S. economy added just 12,000 jobs last month, well below the consensus forecast for a rise of 110,000. The worrying part is that outside the temporary help and hospitality sectors — the two areas that usually fare the worst from hurricanes — as well as the strike-affected transportation sector, payrolls rose just 69,000, half their average over the previous 12 months, Tombs noted.
“The slowing underlying trend, driven by tight monetary policy, also looks more pronounced after the huge downward revisions to August and September payrolls, to 78K and 223K, respectively, from 159K and 254K previously. As things stand, the six-month average in September—before the Boeing strikes and hurricanes—was just 148K, down almost 100K from the previous six months. It would be unsurprising if that number were to be revised a bit lower too, given the pronounced pattern of downward revisions lately,” Tombs wrote. He added that a further slowing in the trend looks likely given depressed hiring intentions among small businesses; at the same time, large businesses face a rise in borrowing costs as low-rate corporate bonds mature, while job openings in the health and education sectors have fallen.
And while the media is trying to blame this on the storms, those of us who’ve watched the pattern of failure of this economy know what’s really going on. It’s more lies from a failed regime, desperate to cling to power and willing to say anything to do it.
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