Just some other points of the article you skipped over.
America's economic growth in the fourth quarter of 2022 was weaker than initial estimates and also lagged behind third quarter numbers by 0.5%,
according to statistics from the Bureau of Economic Analysis (BEA).
The personal consumption expenditure — or PCE inflation — was revised up about 15%. PCE is concerning. This is the Fed's favored inflation metric. And it's accelerating yet again.
"January saw a 5.4% rise on last month, on an annualized basis. If we take out food and energy, the volatile metrics, it's still at [a] 4.7% increase, both marking pickups after several months of decline. And that's particularly concerning.
"So in sum, all of the good numbers went down, all of the bad numbers went up. So this rosy picture that's being painted by the White House and Wall Street — I mean, a lot of that optimism was based on numbers that were clearly inaccurate.
"You look at all this other stuff that they have created — the great COVID coverup and the Hunter Biden [laptop] coverup and the censorship coverup, and then you say, 'Hey, wait a minute,'" Blackburn told the John Solomon Reports podcast. "They want to tell me inflation is 6.2 or 6.5, or 6.6 [percent]. And when I look at the basket of goods that I purchased by going to the grocery store, and food costs are up almost 15%. The cost of gasoline for your car is up 33%. Diesel is up over 50%. Home heating fuels are up over 30%, and people are going, 'Hey, wait a minute, that's not 6% inflation.'
Cant find any articles on this but have you ever notice when Obama was in office and now Biden is office economic numbers seem to most often be revised downward. Funny how when Trump was in office those numbers were often revised upward.
justthenews.com
