TUCKER CARLSON: Why are they lying to us about this?

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Good evening and welcome to Tucker Carlson Tonight. Last summer, with only a few months left before the midterm elections, Biden’s administration faced a major financial crisis. Most voters vote on the basis of wealth and how they feel and how they see their country going. And their world at that time was not good.

The US economy had just recorded two consecutive quarters of GDP decline. This is not just an academic observation. That is the technical definition of recession. Two parts. A decline in GDP. Economic downturn. We are not making that up. You will find it in every financial book ever written. Go check what you used in college. But the Biden administration would not accept this. If he admits that the US is in danger, he will lose the Senate. They may fail to control both houses of Congress. So he had to lie.

But how do you lie about something so easily defined, that everyone can see? Well, you just change the meaning. And that’s what they did. They came up with a new definition of recession. So don’t look at GDP. That’s the old, biased way of evaluating the economy. See all items. Let’s look at the labor market, for example. The labor market.

Then, in June, the Bureau of Labor Statistics gave them a bullet in their case. The Bureau of Labor Statistics released a report showing that the labor market was strong. He confirmed that the US economy has added more than a million jobs in the second quarter of this year, from March to June. A million jobs. It’s a big thing. It’s a big story. And, of course, Joe Biden wasted no time talking about it. Look.

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[VIDEO]

JOE BIDEN: Our labor market remains historically strong. Our economy has created more than 9 million jobs since I came into office, in no small part because of the people who are here today. Our economy created more than 1 million jobs in the second quarter.

A million new jobs in the second quarter despite negative growth. Wait a moment. How do you get a million new jobs with negative growth? It looks like magic. How is this possible? But no one asked questions. Instead, he repeated the White House line, which was a BLS report – a report from the Bureau of Labor Statistics – showing a million new jobs shows that we are not at risk. All told, “Jobs report shows Biden’s economy not doing well,” wrote The New York Times. And then, of course, there were other stories like that, too. So based on that and other things, they won. He now has control of the Senate.

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And now we begin to learn the truth. A million new jobs, really? The Philadelphia Fed decided to look at the numbers and found that the US economy did not add more than a million jobs in the second quarter of this year. In fact, the additional jobs were about 10,000. So that’s less than 1% of the job growth that managers say. It is not a circular problem. That is not a mathematical error. This is the country that is said to have sent a man to the moon. We can do math, right? This is not like thinking you have 100 dollars in your pocket and finding you have 85. This is like saying you have $1,000,000 in your pocket and finding you have $10,000. This is like saying you are rich when you have no money. This is a lie.

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So how did they go wrong with over a million jobs? How did he make this lie? Well, as of tonight, we’re not really sure. We now know that the BLS numbers didn’t just help Joe Biden, however. There was another purpose. The false numbers also gave the chairman of the Federal Reserve, Jerome Powell, reason to continue raising interest rates. On the basis of that report, they can raise prices. Here was Powell a few days ago.

US Federal Reserve Chairman Jerome Powell testifies before the House Oversight And Government Reform Committee on the Treasury Department's and Federal Reserve's Pandemic Response, on Capitol Hill in Washington, DC, September 30, 2021. (Photo by Al Drago / various sources / AFP) (Photo by AL DRAGO/AFP via Getty Images)

US Federal Reserve Chairman Jerome Powell testifies before the House Oversight And Government Reform Committee on the Treasury Department’s and Federal Reserve’s Pandemic Response, on Capitol Hill in Washington, DC, September 30, 2021. (Photo by Al Drago / various sources / AFP) (Photo by AL DRAGO/AFP via Getty Images)
(Photo by AL DRAGO/AFP via Getty Images)

[VIDEO]

JEROME POWELL: Today, the FOMC raised our interest rate by half a percentage point. We continue to expect that continued increases will be necessary to find a monetary policy that is sufficiently restrictive, returning inflation to 2% over time. Despite the slowdown in economic growth, the labor market remains very strong, with unemployment near a 50-year low. Employment remains high and wage growth is high. Job gains have been strong.

Ooh. Every word of that is a lie. Justification is a lie. And in fact, as Powell well knows, there are 7 million American men of working age who are not working. He surfs the internet all day. So why are they telling us this? Well, the results are obvious. Go and try to get a car loan or a home loan or any type of loan. Or if you have a loan with an adjustable rate, see how much you’re paying each month. Why is he doing this? Regulators want Powell to raise rates because they think it will end the inflation that has fueled Joe Biden’s policies.

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But this is a big problem for everyone else. Raising prices when the economy is shrinking and people are unemployed. If you continue to do so, you may actually fall. This seems to be the way they put us. The Biden administration got the interest rate it wanted even as the labor market has been growing. William Beach runs the Bureau of Labor Statistics. Marty Walsh runs the Labor Department. They need to explain why anyone should believe the financial statistics that the government provides as well. And it’s one thing to get the numbers wrong, but to base future policy on something you know is wrong, what is that? That’s what they’re doing. Jerome Powell should answer this question soon. He won’t be joining us tonight.

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