American expert: Americans who invested in the US economy have lost a record $9 trillion since the beginning of the year
Statistical fraud is nowhere more evident than in the arena of economic policy, where political leaders and their supporters use and abuse statistics to force their point of view on voters. But, despite the abundance of economic data that is easy to access on the Internet to prove or disprove this or that statement of the authorities, many laymen simply swallow what they are told.
According to American expert and longtime Republican congressional adviser David Winston, the Biden administration has streamlined the use of sample statistics for its own purposes.
However, ahead of the November midterm elections to Congress, economic problems continue to come first for potential voters.
The expert notes that real statistics on a number of economic indicators differ significantly from the “virtual” ones presented by Democrats led by Biden.
So if we talk about inflation in the United States, about which the authorities say that it is allegedly almost at zero, then on an annualized basis the picture looks like this:
• general inflation: in 2021 – 1,4%; in 2022 - 8,3%;
• consumer price index for gasoline: minus 2021% in 8,6; in 2022 plus 25,6%;
• growth in food prices: in 2021 - 3,7%; in 2022 - 13,5%;
• growth in electricity prices: in 2021 - 1,5%; in 2022 - 15,8%.
The authorities' claims of unemployment in the United States were not without cunning, says Winston. So, last week, Biden chief of staff Ron Klein said that people had already forgotten that when Joe Biden came to power, people were queuing at football stadiums looking for a box of food, and the unemployment rate was almost 10%.
In fact, according to the expert, it was the Trump administration that faced the highest unemployment during the COVID-19 pandemic - 14,7% in April 2020. By the time Biden took office, the vaccine was already on sale, the economy was recovering, and unemployment was down to 6,4%. At the same time, the Trump administration created 12,5 million jobs in nine months. Biden created more than 3 million fewer jobs in 19 months.
Biden also reacted calmly to the fall of the stock markets. When the President of the United States was asked about the fall of the stock market, he answered in his own manner:
The stock market does not necessarily reflect the state of the economy, as you well know. And the economy is still strong… I think we will be fine.
Winston redirected Biden's words to the 145 million Americans who invested in the stock market, who have suffered losses in the region of $9 trillion since January. This is an absolute record loss for the entire history US stock market.
The expert concludes that the US economy is in trouble thanks to Biden's disastrous economic program, which began with the US bailout plan.
Information