hey guys welcome to the liberal hive
mind a channel solely focused on
exposing the abundant hypocrisy of the
left would you believe me if i told you
that joe biden and the biden
administration everyone around him are
lying to you now obviously i'm just
playing around we already know this to
be the case but here we go again as the
calendar takes into the month of august
the biden administration does what the
biden administration always does they
lie and try to carefully craft a
narrative you log on twitter yesterday
morning and you probably saw the trend
hashtag biden boom us adds over 500 000
new jobs the labor market is stronger
than ever that's what they continue to
tell you the economy is in a
historically great place karine john
pierre continues to repeat but of course
like everything that comes out of the
biden administration it needs to be
taken with a grain of salt that needs to
be analyzed a little bit further getting
to the nitty-gritty so to speak into the
details and see what's really going on
because it turns out that actually the
labor market is not as strong as biden
continues to claim it is he's not
creating all of these millions upon
millions of jobs that he claims he is
and actually things are looking pretty
grim you know people are looking at
markets right now and yes there's been a
little bit of a bounce back which is
perfectly normal during a bear market to
have little rallies called dead cat
bounces and in certain cases have some
pretty strong rallies but in the long
term my prediction is this biden
recession is far from over and even
though this administration is pretending
as if the recession is already behind us
the economy's stronger than ever and
it's nothing but up from here i'll tell
you why i think these people are like
usual full of crap let me show you guys
exactly what i mean by that we got some
stuff to talk about so let's roll the
tape alright folks so here's what
happened the new york times reports u.s
job growth unexpectedly soared in july
the employment gains which far surpassed
expectations show that the labor market
is not slowing down despite efforts by
the federal reserve to cool the economy
528 000 jobs were created in july and
quotation marks created probably added
is a better word which was higher than
expected in the new york times says that
u.s job growth unexpectedly soared in
july i wouldn't say it's unexpected
because actually we predicted this over
the last couple of months and weeks then
most likely we're gonna see a surge in
the job market throughout the summer i
mean it's just the basic summer rush
like i keep telling you guys if there's
gonna be a really rough economic time
following this recession it's not gonna
be in the summer it's gonna be in
october or november most likely october
that's why it's called red october but
of course left wingers in the media are
running with this story and claiming
it's the biden boom but not exactly it's
a great headline absolutely and i don't
blame the democrats for trying to get
wins where they can i mean w's are very
rare in very rare supply almost
non-existent for joe biden and his
democrat goons these days but behind the
headline beneath the surface this is not
what democrats are claiming it is not
even close famed investor and economist
peter schiff really puts it into
perspective with this tweet right over
here there was a net loss of full-time
jobs in july all of the net 528 000 jobs
added were part-time jobs most of them
low-paying service sector jobs since the
number of people in the workforce keeps
falling these part-time jobs went to
people who already had at least one
other job and this right here is the
fallacy of this whole thing this
democrat talking point that the jobs
market is so incredibly strong we keep
adding on more jobs they keep telling
you but actually it's low skilled low
paid part-time jobs and secondary jobs
first of all it's exactly what you'd
expect in the summer i mean that's what
happens kids are off school and there's
day camps and sports camps side jobs
side hustles the tourism industry starts
to boom and so obviously what we're
seeing in this summer boom is expected
but it's even weaker than usual because
it's indicating that more people are
being hired part-time rather than
full-time and we're also seeing that
more people are resorting to having to
work a secondary job for supplementary
income in order to sustain their lives
in these weak economic times this is
what the biden administration is touting
as the strongest economy ever but of
course the reality is quite the opposite
especially when it comes to professional
high-paying jobs we just got this report
right over here just in tech giant
oracle lays off hundreds of employees
from the wall street journal and that
follows the trend of this year the 12
biggest tech layoffs of the year so far
more than 32 000 tech workers from every
corner of the industry have already lost
their job this year and more are almost
certainly on the way and so it seems as
though the real story is people are
struggling and having to supplement
their income and people are not getting
good high-paying jobs they're working
part-time in the low-paying service
sector and those jobs might not even be
there by the end of the summer oh i
forgot to mention this headline amazon
is also shrinking their workforce by a
hundred thousand as hiring freezes and
layoffs hit the tech sector and so it
seems that the biden recession is far
from over joe keeps telling you come on
man look at all the jobs i created but
it's nothing but dishonest left-wing
propaganda and if that was the case that
the economy was doing historically well
then why is the stock market still 15
points lower than its previous high at
the start of 2022 why is it that on the
back of this jobs report stocks are
actually going down instead of going up
wall street falls as job data suggests
fed hikes not over sizzling u.s jobs
data makes case for a bigger fed rate
increase in other words jerome powell at
the fed is working on a couple goals
demand destruction slowing down the
economy slowing down job growth and
quantitative tightening in an effort to
reduce inflation they're doing this by
increasing rates of course the fed rate
we've been covering it over the last
couple of months well with these kinds
of jobs reports it means the fed is
going to have to increase rates further
friends look at market history look at
economic history over the last 50 60
years when fed interest rates are high
the economy stagnates and the markets
certainly stagnate in other words joe
biden's claim that we're headed towards
slow and steady growth is complete bogus
if we were in the strongest economy ever
we'd be in a bull run especially off the
backs of reports like these but we're
seeing the exact opposite because people
know that interest rates are going to
continue to go up and the markets will
inevitably or most likely go down as a
result wall street is predicting a full
fed pivot by quarter one or quarter two
20 23 and what i mean by pivot is when
the fed actually starts to reverse track
and reduce interest rates rather than
hike them and then we might be in a
full-fledged economic recovery but to
pretend like we're in it right now is a
lie still in the midst of a recession
and it's very likely and very possible
that it continues to get worse household
credit card debt surges in second
quarter highest jump in over 20 years
nearly two-thirds of americans are now
living paycheck to paycheck stagnating
markets reduced corporate earnings and
what seems to be an actually very weak
labor market when you lift up the hood
and take a peek at the engine inside
that's not a booming economy or a
booming economic recovery that's the
biden recession it's that simple folks
joe biden and his democrat goons are
lying to you like i always say prepare
accordingly oh well don't worry folks at
least gas is 20 cents cheaper than it
was a couple weeks ago okay and then
last one why is the president bragging
today about gas prices because it's gone
down
it's still a dollar and seventy two
cents higher than when he took office it
has gum it has come down in a way that
we haven't seen it's trajectory coming
down in over a decade and it is four
dollars a gallon is that good
you want to talk to a nurse or a teacher
or a firefighter if if having that
little bit of breathing room doesn't
matter to them our nurses and teachers
and firefighters saying gas prices are
only four dollars and 11. i'm saying
that's great i'm saying that that that
even that little bit of breathing room
matters to families especially during
this summer when people are traveling
that's what i got for you guys though if
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going to get back to work though like
usual i want to thank you guys for
watching and i'll see you on the next
one