Topic: Bls

2 chapters across the catalog

The Bureau of Labor Statistics is accused of "fudging" inflation and employment numbers to benefit the previous administration. While official reports claim inflation is under 2%, independent models suggest it is closer to 10-12%. The segment compares the current economic climate to the 1970s, suggesting that Trump must follow a Reagan-style path of tax cuts and deregulation to avoid a depression.

While official reports claim 1.3% economic growth, unofficial inflation rates are estimated to be between 12% and 18% by various financial institutions. This discrepancy means the US economy is actually shrinking in real terms by nearly 14% annually. Critics argue the Bureau of Labor Statistics (BLS) uses flawed methodology to understate the true cost of living and the severity of the current recession.