Inflation of a Different Kind: Biden Admin OVERCOUNTED EMPLOYMENT By 1 MILLION In Second Quarter

P. Gardner Goldsmith | December 19, 2022
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Reading George Orwell’s classic dystopian novel, “1984” today gives one the impression that he infused it with dark satire, based on political patterns he already was noticing or experiencing in England.

One of those was the predilection of politicians and bureaucrats to hide their malfeasance and mistakes by lying, and by constant revision of the lies.

Thus, in the opening of “1984,” protagonist Winston Smith hears the official announcement that “chocolate rations” are abundant and rising, when, in fact, he knows they were decreased, because he helped hide the real numbers at his desk in the Ministry of Truth.

There’s no officially named “Ministry of Truth” in the U.S., but we do have the Biden Administration to fudge its numbers, and we see the dinosaur media touting the nonsense.

Thankfully, we also have independent voices on the net – as long as the federal government allows them, and as long as DC's corporate Social Media pals allow their reports to reach us.

As Olivia Rondeau reports for The Post Millennial, the Federal reserve Bank of Philadelphia ran the numbers for Quarter Two, 2022, and they came out...well, a bit different from the glowing numbers Biden and his cohorts promoted:

“According to the newest Early Benchmark Revisions of State Payroll Employment, a quarterly report by the Pennsylvania branch of the central banking system, there were only about 10,500 jobs added from March-June, as opposed to the more than one million jobs that President Joe Biden bragged about creating during that period.”

That’s a lot of chocolate, Winston.

Thankfully, Twitter has been open to the information, and has not culled and killed the truth.

On December 16, Podcast and Twitter user Wall Street Silver tweeted:

“Federal Reserve Bank of Philadelphia estimates that the employment data was vastly overstated in 2022.10k jobs added instead of 1.1 million reported from March to June of 2022. The elections are over, so this can now be corrected.”

Of course it can.

Now that the pop media has been able to promulgate the insulting falsehood, any correction its members offer will not get the same kind of attention. They won’t be doing live-shots from the West Wing as Biden or Harris or some other flunky touts “achievements” that are as real as Oz.

Related: New Data Show Inflation Intensifying - And Biden’s ‘Inflation Reduction’ Bill Will Only Make It Worse, Econ Profs Warn | MRCTV

Pay no attention to those people behind the curtains.

It’s what nearly every U.S. presidential administration has done going back, at least, to the years of insanity under pathological liar FDR.

Rondeau writes:

"In the aggregate, 10,500 net new jobs were added during the period rather than the 1,121,500 jobs estimated by the sum of the states; the U.S. CES [Bureau of Labor Statistics' Current Employment Statistics] estimated net growth of 1,047,000 jobs for the period,’ the Federal Reserve's report reads.”

This is a big problem.

And there’s another problem – a lot more, actually.

The existence of the so-called “Bureau of Labor Statistics” and the monopoly status of the so-called Federal Reserve are just two of them.

Thankfully, the Philly branch of the Fed did us a bit of a service, and we can share the information – even as we unwrap our bits of chocolate, and wonder why they’re so small.

Related: Biden Calls May Jobs Report 'Great News' Despite Missing Estimates By 100k | MRCTV

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