1 00:00:00,720 --> 00:00:03,560 Speaker 1: That's not my signature and it's not the way I speak, 2 00:00:03,920 --> 00:00:06,080 Speaker 1: and anybody that's covered me for a long time, no, 3 00:00:06,200 --> 00:00:10,480 Speaker 1: that's not my language. It's nonsense. And frankly, you're wasting 4 00:00:10,520 --> 00:00:12,360 Speaker 1: your time. All you do is trying to get off 5 00:00:12,400 --> 00:00:15,200 Speaker 1: the great success of DC and about two hundred other 6 00:00:15,240 --> 00:00:16,960 Speaker 1: things weeks under it so successful. 7 00:00:17,440 --> 00:00:21,599 Speaker 2: You're listening to the forty seven Morning Update with Ben ferguson. 8 00:00:21,160 --> 00:00:22,080 Speaker 3: Good Wednesday morning. 9 00:00:22,120 --> 00:00:23,640 Speaker 4: It's so nice to have you with us on the 10 00:00:23,640 --> 00:00:25,480 Speaker 4: forty seven Morning Update, and we've got. 11 00:00:25,320 --> 00:00:26,760 Speaker 3: Two major stories for you. 12 00:00:26,920 --> 00:00:31,800 Speaker 4: Bombshell documents are now blowing wide open the Biden auto 13 00:00:31,800 --> 00:00:35,400 Speaker 4: pin scandal, and it's now putting a spotlight on who 14 00:00:35,440 --> 00:00:37,440 Speaker 4: may have been rund the country in the last year. 15 00:00:37,720 --> 00:00:41,560 Speaker 4: It wasn't the president, it could have been the Vice president, 16 00:00:41,720 --> 00:00:42,519 Speaker 4: Kamala Harris. 17 00:00:42,720 --> 00:00:43,560 Speaker 3: How do we know this. 18 00:00:43,840 --> 00:00:46,760 Speaker 4: Because the White House lawyers were talking about it in 19 00:00:46,920 --> 00:00:49,800 Speaker 4: emails that we now have. I'll give you all those 20 00:00:49,840 --> 00:00:53,760 Speaker 4: shocking details in just a moment. Also, we're finding out 21 00:00:54,040 --> 00:00:57,480 Speaker 4: just how bad the economy actually was under Joe Biden 22 00:00:57,880 --> 00:01:01,280 Speaker 4: and the people in charge of this statistics on job 23 00:01:01,400 --> 00:01:04,800 Speaker 4: numbers while they were lying in a partisan way that 24 00:01:04,840 --> 00:01:08,640 Speaker 4: we never have seen before, creating out of thin air, 25 00:01:09,080 --> 00:01:13,840 Speaker 4: literally millions of jobs that they knew were never filled. 26 00:01:14,200 --> 00:01:16,400 Speaker 4: But before we get to those stories, I want to 27 00:01:16,440 --> 00:01:17,960 Speaker 4: take a moment and I want to talk to you 28 00:01:18,000 --> 00:01:21,600 Speaker 4: real quick about what you can do to help the 29 00:01:21,720 --> 00:01:25,360 Speaker 4: people in Israel. It was nearly two years ago that 30 00:01:25,440 --> 00:01:30,040 Speaker 4: the terrorists murdered more than twelve hundred innocent Israelis and 31 00:01:30,080 --> 00:01:33,320 Speaker 4: they took two hundred and fifty hostages. Today it seems 32 00:01:33,360 --> 00:01:35,840 Speaker 4: as if the cries of the dead and dying have 33 00:01:35,959 --> 00:01:38,840 Speaker 4: been drowned out by the shouts of anti Semitism and 34 00:01:38,880 --> 00:01:41,680 Speaker 4: just pure hatred, not just in America but around the world. 35 00:01:42,160 --> 00:01:45,280 Speaker 4: And the most brutal attack on Jewish people happened. It 36 00:01:45,400 --> 00:01:49,440 Speaker 4: happened since the Holocausts, and now it's like they're trying 37 00:01:49,480 --> 00:01:52,680 Speaker 4: to act like it never happened. Now, this is where 38 00:01:52,720 --> 00:01:54,760 Speaker 4: it is important for us to stand with the people 39 00:01:54,880 --> 00:01:58,680 Speaker 4: in Israel. It's a movement of love and support for 40 00:01:58,760 --> 00:02:02,000 Speaker 4: the people of Israel, and this is where I want 41 00:02:02,040 --> 00:02:02,760 Speaker 4: you to get involved. 42 00:02:02,840 --> 00:02:05,160 Speaker 3: It is called Flags of Fellowship. 43 00:02:05,640 --> 00:02:09,680 Speaker 4: It's being organized by the International Fellowship of Christians and Jews. 44 00:02:10,240 --> 00:02:14,800 Speaker 4: On October fifth, you can stand with Israel and the 45 00:02:14,880 --> 00:02:19,960 Speaker 4: victims proudly. Just a few weeks away, millions across America 46 00:02:20,120 --> 00:02:24,680 Speaker 4: will prayerfully plant an Israeli flag in honor and solidarity 47 00:02:24,680 --> 00:02:27,920 Speaker 4: with the victims of October the seventh, twenty twenty three, 48 00:02:28,520 --> 00:02:32,400 Speaker 4: and stand with their grieving families. You can be a 49 00:02:32,440 --> 00:02:35,440 Speaker 4: part of this movement as well. And that's what I 50 00:02:35,480 --> 00:02:39,120 Speaker 4: love about what IFCJ does. They're making sure that the 51 00:02:39,120 --> 00:02:42,160 Speaker 4: world knows there are lots of people of faith in 52 00:02:42,200 --> 00:02:46,000 Speaker 4: this country and friends and advocates for Israel. 53 00:02:46,000 --> 00:02:47,280 Speaker 3: They're going to stand with them. 54 00:02:47,360 --> 00:02:50,000 Speaker 4: You can get more information about how you can join 55 00:02:50,040 --> 00:02:54,400 Speaker 4: the Flags of Fellowship movement, including your church. There are 56 00:02:54,440 --> 00:02:56,640 Speaker 4: going to be countless churches around the country they're going 57 00:02:56,680 --> 00:02:59,440 Speaker 4: to plant flags as well. So all you have to 58 00:02:59,480 --> 00:03:02,280 Speaker 4: do to get involved with Flags of Fellowship movement is 59 00:03:02,320 --> 00:03:09,160 Speaker 4: go to IFCJ dot org. That's IFCJ dot org. Stand 60 00:03:09,160 --> 00:03:11,160 Speaker 4: with Israel on October the fifth. It's just a few 61 00:03:11,200 --> 00:03:14,120 Speaker 4: weeks away, and if your church you think would want 62 00:03:14,120 --> 00:03:16,160 Speaker 4: to be involved, you can also find out more about 63 00:03:16,160 --> 00:03:18,400 Speaker 4: how to get your church to be involved on a 64 00:03:18,560 --> 00:03:24,760 Speaker 4: special Sunday at IFCJ dot org. That's if CJ dot org. 65 00:03:25,240 --> 00:03:28,600 Speaker 4: It's the forty seven morning update and it starts right now. 66 00:03:28,800 --> 00:03:29,800 Speaker 2: Story number one. 67 00:03:30,040 --> 00:03:34,680 Speaker 4: New documents are blowing open the Biden autopen scandal and 68 00:03:34,800 --> 00:03:38,880 Speaker 4: now putting a serious spotlight on Kamala Harris. There are 69 00:03:38,960 --> 00:03:43,200 Speaker 4: newly uncovered internal documents that are shedding light on what 70 00:03:43,400 --> 00:03:45,680 Speaker 4: was going on at the White House on former President 71 00:03:45,760 --> 00:03:49,720 Speaker 4: Joe Biden's use so the auto pen and alleged outsourcing 72 00:03:49,960 --> 00:03:54,720 Speaker 4: quote unquote of decision making during his final year in office. 73 00:03:54,760 --> 00:03:58,360 Speaker 4: The former president has insisted that he personally made all 74 00:03:58,400 --> 00:04:02,880 Speaker 4: decisions regarding the pardon executive orders and calling claims the 75 00:04:02,920 --> 00:04:07,080 Speaker 4: contrary quote ridiculous and false. But the memos tell a 76 00:04:07,120 --> 00:04:12,440 Speaker 4: different story. The internal memos and emails indicate that critical decisions, 77 00:04:12,480 --> 00:04:17,640 Speaker 4: including clemencies, were quietly delegated to others, others who were 78 00:04:17,640 --> 00:04:20,880 Speaker 4: not elected officials, Others who were not the President of 79 00:04:20,920 --> 00:04:24,279 Speaker 4: the United States of America. Now one of the others 80 00:04:24,320 --> 00:04:29,160 Speaker 4: includes former Vice President Kamala Harris, and it remains unclear 81 00:04:29,320 --> 00:04:34,720 Speaker 4: whether Biden formally approves certain decisions. Multiple outlets are now 82 00:04:34,839 --> 00:04:40,400 Speaker 4: confirming this. Biden aides initially insisted that he personally signed 83 00:04:40,600 --> 00:04:45,360 Speaker 4: by hand any official presidential actions, but by the end 84 00:04:45,360 --> 00:04:48,279 Speaker 4: of his term, the standard had been abandoned. According to 85 00:04:48,279 --> 00:04:52,240 Speaker 4: an internal memo obtained by Just the News, based on 86 00:04:52,440 --> 00:04:57,520 Speaker 4: precedent from the Obama Biden administration, regarding which documents generally 87 00:04:57,560 --> 00:05:00,839 Speaker 4: are hand signed by the president, are recommend is that 88 00:05:01,040 --> 00:05:05,839 Speaker 4: as a general rule, you quote unquote personally approve and 89 00:05:06,040 --> 00:05:10,920 Speaker 4: hand sign all decisions that require presidential actions. That is 90 00:05:10,960 --> 00:05:14,880 Speaker 4: what it says on a February twenty twenty one draft 91 00:05:14,920 --> 00:05:19,440 Speaker 4: memo distributed to top White House officials. Now, by February 92 00:05:19,440 --> 00:05:25,120 Speaker 4: of twenty twenty four, authorization for clemency actions increasingly relied 93 00:05:25,279 --> 00:05:29,120 Speaker 4: on the vice president's approval, not the actual president of 94 00:05:29,120 --> 00:05:32,360 Speaker 4: the United States of America. That according to a draft 95 00:05:32,400 --> 00:05:36,719 Speaker 4: memo circulated by the White House Counsel's office, Yes, that 96 00:05:36,760 --> 00:05:41,520 Speaker 4: would be the White House's lawyers quote. Given the President's schedule, 97 00:05:41,680 --> 00:05:44,839 Speaker 4: it can often take days or weeks for the President 98 00:05:44,839 --> 00:05:49,920 Speaker 4: to review and approve the clemency package, the lawyer's memo read. 99 00:05:50,120 --> 00:05:53,479 Speaker 4: The Chief of Staff's office has been helpful in getting 100 00:05:53,480 --> 00:05:56,039 Speaker 4: the paper in front of him for his review, he 101 00:05:56,160 --> 00:06:00,280 Speaker 4: previously asked the White House Council discussed the candidates with him, 102 00:06:00,360 --> 00:06:04,680 Speaker 4: although in the last round, the vice presidential approval was 103 00:06:04,760 --> 00:06:09,839 Speaker 4: sufficient to obtain his approval. The lawyers noted so again 104 00:06:10,080 --> 00:06:13,400 Speaker 4: in writing, the lawyers at Biden's White House were saying, 105 00:06:13,560 --> 00:06:17,440 Speaker 4: He's not running the show, it's the Vice president and others. Now, 106 00:06:17,480 --> 00:06:21,360 Speaker 4: the Trump White House concluded that this memo shows the 107 00:06:21,480 --> 00:06:26,640 Speaker 4: former president was effectively outsourcing clemency decision to Harris during 108 00:06:26,680 --> 00:06:28,800 Speaker 4: his final year, and, by the way, to put it 109 00:06:28,800 --> 00:06:31,919 Speaker 4: in perspective, during his four years in the White House, 110 00:06:32,200 --> 00:06:36,080 Speaker 4: Biden granted an unprecedented four thousand, two hundred and forty 111 00:06:36,120 --> 00:06:40,400 Speaker 4: five acts of clemency, more than any previous president on record. 112 00:06:40,680 --> 00:06:44,840 Speaker 4: All of Biden's pardons from December to January, including those 113 00:06:44,880 --> 00:06:47,920 Speaker 4: of his family members as well as doctor Anthony Fauci 114 00:06:48,040 --> 00:06:52,960 Speaker 4: and General Martin Milly, were reportedly signed not by the President, 115 00:06:53,160 --> 00:06:56,039 Speaker 4: but signed by auto pen. In fact, there was only 116 00:06:56,160 --> 00:07:00,680 Speaker 4: one preemptive pardon, one pardon that was signed by the president, 117 00:07:00,839 --> 00:07:02,800 Speaker 4: and that was for his son Hunter. 118 00:07:02,960 --> 00:07:03,320 Speaker 3: Biden. 119 00:07:03,560 --> 00:07:07,680 Speaker 4: Internal emails casts even furthered out on whether Biden approved 120 00:07:07,680 --> 00:07:11,480 Speaker 4: the commutations of more than two thousand, five hundred inmates 121 00:07:11,600 --> 00:07:14,920 Speaker 4: jailed for crack cocaine offenses in January. The New York 122 00:07:14,960 --> 00:07:18,320 Speaker 4: Post is now reporting, so what do we have more 123 00:07:18,440 --> 00:07:21,120 Speaker 4: evidence that the President of the United States of America, 124 00:07:21,240 --> 00:07:24,400 Speaker 4: Joe Biden, was not calling the shots and was not 125 00:07:24,480 --> 00:07:29,080 Speaker 4: actually even deciding who was getting pardons or clemency, which 126 00:07:29,080 --> 00:07:33,200 Speaker 4: brings up the bigger question are these pardons and clemency 127 00:07:33,400 --> 00:07:37,720 Speaker 4: actually legal? Now that is a question this administration is 128 00:07:37,800 --> 00:07:39,119 Speaker 4: obviously looking into. 129 00:07:39,480 --> 00:07:42,040 Speaker 3: Now, Story number two, I want you to listen. 130 00:07:41,880 --> 00:07:44,360 Speaker 4: Very carefully to the numbers I'm about to give you, 131 00:07:44,560 --> 00:07:46,840 Speaker 4: and I want you to understand just how big the 132 00:07:46,960 --> 00:07:50,160 Speaker 4: lies were to act like the economy actually wasn't in 133 00:07:50,280 --> 00:07:53,520 Speaker 4: terrible shape when Democrats were in charge and they were 134 00:07:53,600 --> 00:07:57,680 Speaker 4: running for reelection, they just made up hundreds of thousands 135 00:07:57,720 --> 00:07:58,480 Speaker 4: of jobs. 136 00:07:58,800 --> 00:08:00,160 Speaker 3: We just got these new. 137 00:08:00,240 --> 00:08:03,400 Speaker 4: Numbers in that there was almost a million, nine hundred 138 00:08:03,400 --> 00:08:07,800 Speaker 4: eleven thousand fewer jobs were created between April of twenty 139 00:08:07,840 --> 00:08:10,559 Speaker 4: twenty four and March of twenty twenty five. 140 00:08:10,760 --> 00:08:13,680 Speaker 3: The Bureau of Labor Statistics is saying that isn't just 141 00:08:13,760 --> 00:08:14,920 Speaker 3: a revision. 142 00:08:15,280 --> 00:08:18,200 Speaker 4: That is a revision that is on a level that 143 00:08:18,360 --> 00:08:20,160 Speaker 4: clearly is straight up fraud. 144 00:08:20,480 --> 00:08:23,559 Speaker 3: You don't get these numbers this wrong. 145 00:08:23,880 --> 00:08:26,000 Speaker 4: Look at polling when they have a margin of air 146 00:08:26,040 --> 00:08:28,480 Speaker 4: of plus or minus three percent, or if it's a 147 00:08:28,480 --> 00:08:31,480 Speaker 4: bad pull four percent. If it's a horrific poll five percent, 148 00:08:31,800 --> 00:08:35,040 Speaker 4: you're telling me the federal government sucks so bad at 149 00:08:35,040 --> 00:08:37,439 Speaker 4: counting jobs same people, by the way, they're supposed to 150 00:08:37,480 --> 00:08:40,960 Speaker 4: be collecting taxes on these jobs, that they got it 151 00:08:41,000 --> 00:08:44,400 Speaker 4: wrong by nine hundred and eleven thousand jobs. 152 00:08:44,480 --> 00:08:47,400 Speaker 3: The answer is obviously no. What does this mean. 153 00:08:47,679 --> 00:08:52,000 Speaker 4: It means the labor market was weak, extremely weak, well 154 00:08:52,000 --> 00:08:56,160 Speaker 4: before the tariffs kicked in. The job market was frozen 155 00:08:56,280 --> 00:08:59,280 Speaker 4: in twenty twenty four as well. In fact, the average 156 00:08:59,360 --> 00:09:02,480 Speaker 4: job gain revision showed just one hundred and forty seven 157 00:09:02,640 --> 00:09:06,560 Speaker 4: thousand jobs per month. That is an average job gain 158 00:09:06,800 --> 00:09:10,440 Speaker 4: after revisions of seventy one thousand a month. Now, this 159 00:09:10,679 --> 00:09:15,000 Speaker 4: annual quote revision process is normal. What's not normal is 160 00:09:15,000 --> 00:09:18,280 Speaker 4: how big they're missing these numbers. The Bureau of Labor 161 00:09:18,320 --> 00:09:22,520 Speaker 4: Statistics does it every year, and they apparently just lie 162 00:09:22,679 --> 00:09:24,120 Speaker 4: when Democrats are in office. 163 00:09:24,120 --> 00:09:25,120 Speaker 3: I'll give you an example. 164 00:09:25,360 --> 00:09:27,839 Speaker 4: Last August, right in the heat of the election, the 165 00:09:27,920 --> 00:09:32,160 Speaker 4: labor the Bureau of Labor Statistics reported negative eight hundred 166 00:09:32,160 --> 00:09:37,760 Speaker 4: and eighteen thousand fewer jobs. Yes, these were large, massive 167 00:09:38,440 --> 00:09:42,760 Speaker 4: corruption revisions, is how I describe it. Why did this happen? 168 00:09:43,120 --> 00:09:46,240 Speaker 4: It happened because they wanted to say the economy isn't 169 00:09:46,360 --> 00:09:49,120 Speaker 4: as bad as it really was when Joe Biden was 170 00:09:49,200 --> 00:09:52,600 Speaker 4: running for reelection. So the takeaway, and this is what 171 00:09:52,640 --> 00:09:55,920 Speaker 4: I want you to really understand. Number one, Donald Trump 172 00:09:56,080 --> 00:10:01,439 Speaker 4: clearly inherited a massive mess. It is a absolute scandal 173 00:10:02,120 --> 00:10:07,360 Speaker 4: of gigantic proportions that our government was lying to the 174 00:10:07,400 --> 00:10:10,920 Speaker 4: American people trying to make you feel like things are 175 00:10:10,960 --> 00:10:14,400 Speaker 4: better than they actually are. Caroline Levitt, the White House 176 00:10:14,440 --> 00:10:16,080 Speaker 4: pre Secretary, said it this way. 177 00:10:16,280 --> 00:10:19,760 Speaker 3: Quote Today the Bureau of Laboratistics. 178 00:10:19,200 --> 00:10:25,439 Speaker 4: Released the largest downward revision on record in history. I'm 179 00:10:25,440 --> 00:10:27,880 Speaker 4: going to say that again, the Bureau of Labor Statistics 180 00:10:27,960 --> 00:10:32,720 Speaker 4: released the largest downward revision on record ever. Why did 181 00:10:32,720 --> 00:10:36,520 Speaker 4: this happen because they wanted Joe Biden to win? Carolin 182 00:10:36,600 --> 00:10:40,600 Speaker 4: Levitt said, it provides more understanding online. President Donald Trump 183 00:10:40,640 --> 00:10:44,720 Speaker 4: took action to address concerns about reporting accuracy at the Bureau, 184 00:10:44,880 --> 00:10:47,520 Speaker 4: with Levitt saying it proves that President Trump was right. 185 00:10:47,679 --> 00:10:50,840 Speaker 4: Biden's economy was a disaster and the Bureau of Labor 186 00:10:50,880 --> 00:10:54,400 Speaker 4: Statistics is straight up broken. The White House added quote, 187 00:10:54,480 --> 00:10:57,440 Speaker 4: this is exactly why we need new leadership to restore 188 00:10:57,640 --> 00:11:00,960 Speaker 4: trust and confidence in the death on behalf of the 189 00:11:01,000 --> 00:11:05,880 Speaker 4: financial markets, on behalf of businesses, policymakers, and families that 190 00:11:05,960 --> 00:11:08,840 Speaker 4: rely on this data to make major decisions. Now, the 191 00:11:08,840 --> 00:11:11,720 Speaker 4: White House on August first released a list of errors 192 00:11:11,760 --> 00:11:14,520 Speaker 4: and missions by the Bureau of Laboratistics. 193 00:11:14,520 --> 00:11:17,359 Speaker 3: By the way, this is like their entire job, which. 194 00:11:17,120 --> 00:11:21,920 Speaker 4: Is accused of inaccuracies and also now in competency. And 195 00:11:21,960 --> 00:11:25,640 Speaker 4: the White House also pointing a finger at Commissioner Erica 196 00:11:25,920 --> 00:11:29,439 Speaker 4: Mickin Tarfer, who was appointed to the role by former 197 00:11:29,600 --> 00:11:33,520 Speaker 4: President Joe Biden. Among those examples, was not only them 198 00:11:33,600 --> 00:11:36,679 Speaker 4: issuing another massive revision of these jobs, more than eight 199 00:11:36,720 --> 00:11:40,600 Speaker 4: hundred thousand were overestimated and what was the second largest 200 00:11:40,600 --> 00:11:43,280 Speaker 4: downward revision for the BLS as well. 201 00:11:43,320 --> 00:11:45,120 Speaker 3: And so this means two in a row. 202 00:11:45,160 --> 00:11:47,719 Speaker 4: Okay, two years in a row they were lying to 203 00:11:47,800 --> 00:11:49,640 Speaker 4: you about how bad the numbers were, or they were 204 00:11:49,679 --> 00:11:54,640 Speaker 4: just making up literally almost two million jobs that didn't exist. Now, 205 00:11:54,840 --> 00:11:59,000 Speaker 4: Donald Trump fired Erica just hours after the release of 206 00:11:59,040 --> 00:12:02,720 Speaker 4: the July jobs which showed weaker than expected job growth 207 00:12:02,800 --> 00:12:06,280 Speaker 4: and significant downward revisions for May and June. That's when 208 00:12:06,280 --> 00:12:08,000 Speaker 4: the Left was like, you can't do this as a 209 00:12:08,040 --> 00:12:11,360 Speaker 4: nonpartisan Well, it is partisan, clearly. It was because she 210 00:12:11,520 --> 00:12:14,240 Speaker 4: created two million jobs out of thin air to help 211 00:12:14,320 --> 00:12:17,960 Speaker 4: Joe Biden and the Democrats. The Labor Secretary, by the way, 212 00:12:18,280 --> 00:12:21,720 Speaker 4: posting on Tuesday that the negative drop of numbers from 213 00:12:21,840 --> 00:12:25,400 Speaker 4: the Bureau of Labor Satistics reveals a quote problem, saying 214 00:12:25,600 --> 00:12:29,040 Speaker 4: today's massive downward revision gives the American people even more 215 00:12:29,120 --> 00:12:32,320 Speaker 4: reason to doubt the integrity of data being published by 216 00:12:32,360 --> 00:12:36,679 Speaker 4: our government. It's imperative for the data to remain accurate, impartial, 217 00:12:37,280 --> 00:12:41,480 Speaker 4: and never altered for political gain. Now, within two weeks 218 00:12:41,480 --> 00:12:46,640 Speaker 4: of firing the individual who's overseeing this insanity, Trump also 219 00:12:46,800 --> 00:12:51,199 Speaker 4: named Heritage Foundation chief economists and Tony to lead the Bureau. 220 00:12:51,480 --> 00:12:55,160 Speaker 4: His nomination is also waiting Senate confirmation, something that I 221 00:12:55,200 --> 00:12:58,560 Speaker 4: think clearly should be done as soon as possible. Which 222 00:12:58,600 --> 00:13:02,640 Speaker 4: brings me to Steven Moore, former Trump campaign senior economic advisor. 223 00:13:02,840 --> 00:13:05,120 Speaker 4: You may know him from Fox News and Fox Business. 224 00:13:05,160 --> 00:13:06,560 Speaker 4: I want you to hear what he had to say 225 00:13:06,559 --> 00:13:09,480 Speaker 4: about the far fewer jobs added than expected in August, 226 00:13:09,679 --> 00:13:12,199 Speaker 4: and also when he says about the job report revisions 227 00:13:12,240 --> 00:13:13,240 Speaker 4: in general. 228 00:13:13,240 --> 00:13:15,520 Speaker 5: The week optimistic, We're going to see a rate cut 229 00:13:15,559 --> 00:13:18,280 Speaker 5: next week after we got the key jobs report for August, 230 00:13:18,440 --> 00:13:21,920 Speaker 5: the first one since President Trump fired the Commissioner of 231 00:13:21,960 --> 00:13:24,840 Speaker 5: the Bureau of Labor Statistics last month. There were questions 232 00:13:24,880 --> 00:13:28,280 Speaker 5: over the accuracy of the data, the report. 233 00:13:27,880 --> 00:13:28,959 Speaker 3: Showing much fewer. 234 00:13:28,760 --> 00:13:31,480 Speaker 5: Jobs added in August than expected, only twenty two thousand 235 00:13:31,800 --> 00:13:35,000 Speaker 5: versus the estimate of seventy five thousand, and the unemployment 236 00:13:35,080 --> 00:13:37,480 Speaker 5: rate now at its highest level since October of twenty 237 00:13:37,520 --> 00:13:40,800 Speaker 5: twenty one. We also got revisions showing twenty one thousand 238 00:13:40,960 --> 00:13:44,920 Speaker 5: fewer jobs created in June and July than previously reported. 239 00:13:45,280 --> 00:13:47,000 Speaker 5: For more on this and what it means for the 240 00:13:47,040 --> 00:13:50,079 Speaker 5: Fed's next move, I'm joining my Committee to Unleash Prosperity 241 00:13:50,120 --> 00:13:52,600 Speaker 5: co founder Steve Moore. Steve, it's great to see you 242 00:13:52,640 --> 00:13:56,120 Speaker 5: talk to me about your thoughts on this job's report. 243 00:13:56,160 --> 00:13:58,160 Speaker 5: Pretty big miss on the estimate. 244 00:13:58,240 --> 00:14:00,720 Speaker 6: Well sure, wise, but you know, it's interesting. I think 245 00:14:00,760 --> 00:14:04,080 Speaker 6: one of the takeaways from this report is how increasingly 246 00:14:04,280 --> 00:14:07,960 Speaker 6: unreliable these jobs numbers are. And you know, we talk, 247 00:14:08,280 --> 00:14:11,520 Speaker 6: you and I and Maria talk about this every first 248 00:14:11,520 --> 00:14:15,640 Speaker 6: Friday of every month, and we're seeing these gyrations in 249 00:14:15,679 --> 00:14:18,439 Speaker 6: the numbers. And also one of the things that hasn't 250 00:14:18,480 --> 00:14:22,200 Speaker 6: been really widely reported is that there's two surveys. One 251 00:14:22,280 --> 00:14:25,000 Speaker 6: survey had a big increase in jobs by I think 252 00:14:25,080 --> 00:14:27,920 Speaker 6: I don't remember the exact number, close to three hundred thousand, 253 00:14:28,160 --> 00:14:30,920 Speaker 6: whereas the one that's reported the headline number was what 254 00:14:30,960 --> 00:14:34,640 Speaker 6: twenty eight thousand. So we need to clean up these numbers, Cheryl, 255 00:14:34,680 --> 00:14:38,440 Speaker 6: because it's we make so many economic decisions based on 256 00:14:39,280 --> 00:14:42,120 Speaker 6: these jobs numbers. And I've been doing this for thirty 257 00:14:42,120 --> 00:14:45,480 Speaker 6: five years. I think, look at the re estimates. They 258 00:14:45,560 --> 00:14:47,160 Speaker 6: keep changing the numbers every month. 259 00:14:47,200 --> 00:14:48,720 Speaker 4: I would ask you something, but by the way, you 260 00:14:49,040 --> 00:14:52,000 Speaker 4: listen to what Steve Moore says. He's saying, and it's true, 261 00:14:52,240 --> 00:14:55,800 Speaker 4: so many people make business decisions off of this data 262 00:14:55,840 --> 00:14:58,720 Speaker 4: and information. By the way, that's why this data is 263 00:14:58,880 --> 00:15:01,720 Speaker 4: supposed to be done by the Bureau of Labor Statistics. 264 00:15:02,080 --> 00:15:05,120 Speaker 4: It's supposed to be non biased in the way that 265 00:15:05,160 --> 00:15:08,000 Speaker 4: it is done. And we have a very clear problem 266 00:15:08,080 --> 00:15:12,200 Speaker 4: here where there has been a massive politicization of these 267 00:15:12,280 --> 00:15:15,240 Speaker 4: numbers to try to help out democrats when they're running 268 00:15:15,280 --> 00:15:20,120 Speaker 4: for office. They created two million jobs that they knew 269 00:15:20,160 --> 00:15:23,080 Speaker 4: weren't there, just so the economy would look like it's 270 00:15:23,120 --> 00:15:25,480 Speaker 4: better than it actually is now. Also, I think the 271 00:15:25,520 --> 00:15:30,240 Speaker 4: American people understood how bad it was, and so they like, 272 00:15:30,520 --> 00:15:32,200 Speaker 4: that's why they voted for Donald Trump. 273 00:15:32,280 --> 00:15:34,520 Speaker 3: But it had to be really bad for them to 274 00:15:34,600 --> 00:15:35,000 Speaker 3: see it. 275 00:15:35,320 --> 00:15:38,160 Speaker 4: And so this is again one of the examples of 276 00:15:38,240 --> 00:15:41,120 Speaker 4: the massive lies of the left, and it's something that 277 00:15:41,240 --> 00:15:45,840 Speaker 4: absolutely should okay, it's something that should never ever, ever 278 00:15:45,960 --> 00:15:49,440 Speaker 4: ever happen, period, full stop. This is why Trump is 279 00:15:49,480 --> 00:15:52,120 Speaker 4: going after this, this is why there needs to be reformed. 280 00:15:52,280 --> 00:15:53,680 Speaker 3: It is truly insane. 281 00:15:53,960 --> 00:15:56,640 Speaker 2: Thank you for listening to the forty seven Morning Update 282 00:15:56,800 --> 00:16:00,880 Speaker 2: with Ben Ferguson. Please make sure you hit subscribe wherever 283 00:16:00,920 --> 00:16:03,960 Speaker 2: you're listening to this podcast right now and for more 284 00:16:04,000 --> 00:16:07,760 Speaker 2: in depth news, also subscribe to the Ben Ferguson podcast 285 00:16:08,000 --> 00:16:09,800 Speaker 2: and we will see you back here tomorrow