When I became a Member of the Parliament of New Zealand, we were judged as the most socialistic of nations. We had been one of the richest of countries at #3 in per capita income, but by 1984 we were only #27. We had gone for 23 years relying on deficits, without balancing our budget. The government was taking 44 percent of the Gross Domestic Product, and, in 1984, our forecast deficit was 15 percent of the GDP…
Economy
Massive Downward Jobs Revision Reveals The Media Lied About Biden’s Economic Record
Media not only misled the public but may have delayed needed policy shifts, like Fed rate cuts. Americans deserve transparency, not gaslighting. The U.S. Bureau of Labor Statistics (BLS) delivered a body blow to the corporate media industrial complex’s narrative of a robust Biden economy. In its preliminary benchmark revision, the agency slashed its estimate...
September 22, 2025