Peter St. Onge

Joe Biden's final job report is out, and it's a doozy, a veritable orgy of revisions, kicking off with a massive Bureau of Labor Statistics revision that wiped out 589,000. Imaginary jobs the Biden administration had been propping up until the election. Every single month of 2024 was revised down. And keep in mind, this is not the whole story.

The Philly Fed thinks there's another 800,000 fake jobs lurking in the sweet nothings of Biden's finest government statisticians.

The Philly Fed thinks there's another 800,000 fake jobs lurking in the sweet nothings of Biden's finest government statisticians.

The Philly Fed thinks there's another 800,000 fake jobs lurking in the sweet nothings of Biden's finest government statisticians.

Congressional Republicans just wrapped up a three-day confab where they agreed to massive tax cuts accompanied by, of course, precisely zero spending cuts. One out of two, I guess, from Washington's drunkest sailors. The agreement was part of a GOP effort to unite around a massive tax and spending bill to, quote, codify Donald Trump's campaign promises.

Congressional Republicans just wrapped up a three-day confab where they agreed to massive tax cuts accompanied by, of course, precisely zero spending cuts. One out of two, I guess, from Washington's drunkest sailors. The agreement was part of a GOP effort to unite around a massive tax and spending bill to, quote, codify Donald Trump's campaign promises.

Congressional Republicans just wrapped up a three-day confab where they agreed to massive tax cuts accompanied by, of course, precisely zero spending cuts. One out of two, I guess, from Washington's drunkest sailors. The agreement was part of a GOP effort to unite around a massive tax and spending bill to, quote, codify Donald Trump's campaign promises.

It does great on taxes, extending Trump's first-term tax cuts and planning for no tax on tips, no tax on overtime and slashing business income tax. Alas, it only cuts $31 billion in annual spending, roughly 0.5%, the federal budget, and then it immediately turns around and adds $32 billion in new spending, so no Lockheed is left behind.

It does great on taxes, extending Trump's first-term tax cuts and planning for no tax on tips, no tax on overtime and slashing business income tax. Alas, it only cuts $31 billion in annual spending, roughly 0.5%, the federal budget, and then it immediately turns around and adds $32 billion in new spending, so no Lockheed is left behind.

It does great on taxes, extending Trump's first-term tax cuts and planning for no tax on tips, no tax on overtime and slashing business income tax. Alas, it only cuts $31 billion in annual spending, roughly 0.5%, the federal budget, and then it immediately turns around and adds $32 billion in new spending, so no Lockheed is left behind.