President Joe Biden Message Board

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Politics : President Joe Biden

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From: Thomas M.	9/18/2025 10:02:55 PM
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Biden's economy was nothing but smoke & mirrors. Worst Revision In History: BLS Admits A Record 911K Fewer Jobs Were Added Under Biden Two weeks ago, before both Bloomberg and Reuters, we told our subscribers to "brace for another huge negative payrolls revision" and just like one year ago when we did exactly the same, we were spot on: moments ago the BLS reported that as part of its preliminary annual benchmark revisions, a record 911K payrolls for the period April 2024-March 2025 would be revised away. What is more remarkable about today's print is that after last year's stunning 818K negative revision, which was the second biggest since the global financial crisis (and which we also warned ahead of time was coming), virtually nobody expected this year's number to be higher. It was not only higher, but it was the biggest negative revision on record! Treasury Secretary Bessent confirms what we said, namely that today's revision "brings the Biden jobs overstatement to a staggering 1.5M. The truth: President Trump inherited a far worse economy than reported, and he’s right to say the Fed is choking off growth with high rates." zerohedge.com Tom

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