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White House Spin Machine Tries Again May 24, 2022

Posted by geoff in News.
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So the White House is trying to find something, anything, to crow about concerning the economy. Here’s their latest effort:

The White House released a report Tuesday to show that President Biden’s $1.9 trillion pandemic relief measure of 2021, which is now being blamed for record-high inflation, has succeeded — especially by helping Black people and Hispanic people get jobs and keep their homes.

“This is the most equitable recovery in terms of jobs and employment that we have ever seen. This was by design,” a senior White House official told reporters in a conference call on Monday.

Unemployment among Black people saw the biggest calendar-year drop — 2.9 percentage points — since 1983 and is now lower than pre-pandemic levels at 5.9%, the report said.

I think every racial category probably saw the biggest drop since 1983, since employment was artificially suppressed in 2020. But you’d be expecting that Black people would be ahead after that, yes? Let’s just see what the Bureau of Labor Statistics’ Household Survey has to say about that (chart taken from the BLS site):

What you see right there is that the unemployment rate for Black people is, in fact, at 5.9%, just like the man said. But you can also see that Black unemployment dropped far more precipitously under Trump than it has under Biden, dropping more than 7.6 percentage points in the 9 months between May 2020 and January 2021. Biden’s only dropped it by 3.3 percentage points in the 15 months after his inauguration. [Data below the fold]

You expect a slowing of the improvement under normal conditions, of course, but not after throwing $2 trillion at the economy.

Their selection of a calendar-year metric was designed to hide both Biden’s mediocre performance and Trump’s much more impressive performance. Cheap trick by unethical people.

The White House spin team is really pathetic.

YearJanFebMarAprMayJunJulAugSepOctNovDec
201213.614.014.013.313.514.514.213.813.614.113.314.0
201313.713.813.013.313.414.212.612.813.012.812.311.9
201412.111.812.111.611.411.011.611.411.010.610.910.6
201510.310.19.99.710.39.79.19.49.39.09.48.5
20168.58.68.98.88.28.78.28.08.58.58.28.0
20177.58.07.87.77.76.97.37.77.27.67.56.7
20187.56.86.76.35.96.46.56.36.16.56.16.7
20197.07.16.56.56.15.85.85.45.45.65.66.0
20206.36.06.816.616.815.214.412.812.110.910.410.0
20219.29.89.59.79.19.28.28.77.87.86.57.1
20226.96.66.25.9        

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