I'm seeing hints that the BLS will be reporting tomorrow that jobs numbers are being revised downward by a significant number demonstrating, right in the middle of the DNC, that the Biden/Harris/Walz claims about the strength of the economy and job situation aren't as good as they've been claiming.
https://www.bloomberg.com/news/articles/2024-08-20/fed-confronts-up-to-a-million-us-jobs-vanishing-in-revision
Sounds like BLS goofed to the tune of a million extra jobs reported in their various estimates. Sound like all the claims from Biden/Harris might be exaggerated. This literally means that every single reference to the jobs numbers supporting their claims of a good economy was simply bullshit. There's no way that Biden/Harris were ignorant of these numbers until now.
It looks like this is the biggest negative revision to employment numbers since the global financial crisis. Strangely it took place during an election cycle where the economy was going to be a major issue for the incumbents. I can see why the Biden/Harris camp would have wanted to delay these numbers as long as possible.
https://x.com/i/status/1826276412723994795
If it's True that the Biden/Harris administration really did this intentionally, doesn't that immediately render Harris unfit for office and open to impeachment?
2 comments:
I don't think the initial report is ever to be taken as final, as a second and sometimes third report follows, which is never the same as the initial. But I do like how the timing doesn't help the Dems. They should have to have their faces pushed into their own poop.
They usually do, but I'm seeing rumors of a particularly large downward adjustment. Obviously, if nothing else, the timing is horrible for Harris. It's also worth noting that the administration rarely draws much attention to these sorts of adjustments.
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