Editor’s note: This is a lightly edited transcript of the accompanying video from professor Peter St. Onge.
The media’s beloved strong Biden economy is a lie, and Reagan adviser David Stockman has the receipts.
In recent videos I’ve talked about how the blockbuster economic statistics we’re being spoon-fed is manipulated to irrelevance:
- Gross domestic product numbers that count ammo to Ukraine, or hundreds of billions in migrant welfare as if it were making us rich.
- Job numbers that intentionally skip millions of Americans who have given up on the labor force while importing millions of migrants to replace them.
- Retail numbers that fail to account for inflation.
- And, of course, the human cost: seniors going back to work or giving up on ever retiring, record young people who are jobless, living at home, who have given up on building a family….
