Fed Chair Jerome Powell Reveals the Only Thing the Biden Administration is Good At Is Lying

The Biden regime has repeatedly told us how “great” Joe’s economy is, using the mainstream networks and even government institutions to peddle misleading propaganda to support this.

However, it seems that as the election nears, Joe and his team are LOSING CONTROL over this narrative – and the truth is slowly creeping out.

Now they’ve mostly relied on the labor market to do this, fabricating job numbers to make it seem as though our economy is BOOMING!

Of course, we now know that any “job growth” displayed in the data has actually gone towards foreign born citizens while the number of employed Americans has PLUMMETED.

And as a result, the unemployment rate has been steadily going up – hitting 4% for the first time since COVID was still a thing that affected the economy.

Biden’s government is claiming that we keep adding more jobs, but the unemployment rate continues to rise – something’s not right.

It turns out that old Joe and his team of liars have deployed a sneaky little trick to completely falsify the jobs numbers while hoping that nobody would notice.

To do this, the corrupt Bureau of Labor Statistics (BLS) has relied on the birth/death adjustment and this is where things just become so blatantly obvious.

This “adjustment” allows a bunch of pro-Biden bureaucrats to change the jobs numbers by guessing how many new businesses were created (birth) or destroyed (death) in the U.S. economy at any given point in time.

According to the BLS website, this model “uses an estimation procedure” which “excludes employment losses due to business deaths.”

In other words they are excluding job losses from business closures while also fabricating job gains out of thin air by inputting whatever number they want for the number of new businesses opened.

To help you understand just how heavily the Biden regime relies on this adjustment to pad their stats, the birth/death estimation has accounted for 56% of all payroll growth over the past year.

This single trick has allowed them to create 1.9 million out of a reported 3.4 million payrolls.

Add in the fact that quality of the jobs has also TANKED – with a decrease of 625,000 full-time jobs in May alone – and you get a much clearer image of the true state of the American job market.

Over the past year, the U.S. has lost 1.2 million full-time jobs, replacing them with 1.5 million part-time positions.

And here is where it becomes obvious that Biden’s House of Cards is crumbling before our very eyes.

Federal Reserve Chair Jerome Powell has played along with Biden’s narrative about the strength of the economy, but this week that stopped.

After admitting that illegals have been taking jobs from American citizens for the past three years, Powell spoke on the fact that less people are quitting their jobs, job openings are declining, and unemployment is rising.

He pointed to all of this to suggest that “there is an argument that [payrolls] may be a bit overstated.”

 For the first time EVER the chairman of the federal reserve has exposed the fact that the president of the United States is INTENTIONALLY lying about jobs data to inflate the appearance of his economy.

WOW.