Trump Fires Top U.S Labor Stats Chief—Unveils Unverified Economic Data in Oval Office With Economist

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Donald Trump shocked reporters by abruptly firing Bureau of Labor Statistics Commissioner Erika McEntarfer — then inviting cameras into the Oval Office to present unverified economic data alongside conservative TV economist Stephen Moore. Critics warn this could be a dangerous politicization of U.S. economic reporting, while supporters claim Trump is “exposing the truth” about government numbers. The move comes just days before key jobs data is due, raising fears over market manipulation and public trust in official statistics.      #Trump #Economy #USPolitics #EconomicData #StephenMoore #BLS #BreakingNews #WhiteHouse #TrumpNews #Markets  ~HT.318~PR.274~ED.346~GR.124~

Transcript

00:00So 1.5 million jobs over us. We have access to the doing well. So the next one compares all new numbers.

00:13Well, thank you very much, everybody. We're going to have just a quick session with Steve Moore.

00:18Everybody knows Steve Moore with the Heritage Foundation, highly respected.

00:22One of the most highly respected economists and people that watch your money and know more about your money

00:29in your life than probably anybody I can think of. And I want to thank Steve for being here.

00:35I saw this today. They came out. What he puts out gets a lot of coverage.

00:40And I saw some of them. And then he had a couple of others.

00:43And I'd like to ask Steve maybe to discuss a few of these numbers that were just released.

00:50I mean, literally just released. And then we're going over and we're going to do Purple Heart.

00:55We have some incredible, brave people that I look forward to. So we're going to do that right after this.

01:02Steve, could you say a few words about the various two aspects?

01:05Thank you, Mr. President. So I called the President because I had some very good news from some new data

01:10that we've been able to put together that no one has ever seen before.

01:15And I'll just very quickly go through these. So I was telling the President that he did the right thing

01:20and calling for a new head of the Bureau of Labor Statistics because this shows that over the last

01:25two years of the Biden administration, the BLS overestimated job creation by 1.5 million jobs.

01:32That's a, Mr. President, that's a gigantic error. And I don't know if she's, I'm not making it.

01:37It might not have been an error. That's the bad part.

01:40If it was an error, it would be one thing. I don't think it's an error. I think they did it purposely.

01:44Whether that, you may well be right. But even if it wasn't purposefully, it's incompetence.

01:48Right. Okay. So 1.5 million jobs overestimated. We have access to some data that no one else does

02:01on what has happened month by month with median household income. This is based on unpublished

02:06Census Bureau data. It will be released sometime in the next six months, but we get an advanced look

02:10at it. And so I was telling the President in his first five months in office, starting in January

02:16through the end of June, the average median household income adjusted for inflation for

02:22the average family in America is already up $1,174. That's an incredible number. Just came out.

02:29Just came out. So that's a giant thing. And if I would have said this, nobody would have

02:34believed it. There's your number. We're doing well.

02:38So the next one compares. We finally have the 2024 data on what happened with real family income in

02:46the United States. And so what I did was I compared the record and Donald Trump's first term with the

02:52Joe Biden first term. And you can see that, by the way, these dotted lines here, Mr. President,

02:58that's COVID. So if it had not been for COVID, these numbers would have been substantially better.

03:03But even taking account President Trump's last year in 2020, we saw a $6,400 real after inflation

03:13gain in income for the average family. And that compares with Joe Biden, which was a measly $551.

03:21So, Mr. President, you gain 10 times more income for the average family than Joe Biden. It's because

03:26of your policy. And that's taken into consideration COVID, which a lot of times you don't have to do

03:34that. But I'm very glad you did that. We were almost 8,000. Look at that number. Okay.

03:43So then we looked at which families did the best. And we have data from the Census Bureau that shows

03:52by income percentage. So the 25th percentile is the lowest income. 75th percentile is the highest

03:59income. And what I find fascinating about this, Mr. President, is every income group did better. The

04:05red is President Trump. The blue is President Biden. Every single income group did better under

04:12President Trump. But what's really amazing is look what happened under Biden. The lowest income

04:19group lost income under Biden. They were poor four years after Biden's presidency. No rain virtually

04:26whatsoever for the middle class. And the rich was the only group that did better under Biden,

04:31which is ironic because Biden keeps saying he was trying to get rid of income inequality. He made

04:37income inequality worse, not better. It was President Trump that reduced income inequality.

04:41These numbers just came out, by the way.

04:43And then finally, these are the numbers. I just showed you the percentage terms. Mr. President,

04:53these are the numbers in dollar terms. So even the lowest income, 25th percent, gained about $4,000

05:00income. That's a lot for a lower income family. $6,400 for the middle class and almost $10,000 for the

05:07richest. So you can see every income group did better under Trump than Biden, by a wide

05:13margin. That's the sort. I think when you look at them, they're all something. But this one chart

05:18really says it better than anything. If you look at this, this is great. But this chart is pretty

05:25amazing. Right here. All new numbers. Okay. So we're going to go now over to each room and we're going to

05:44celebrate some very brave people with the Purple Hearts. Yeah, please.

05:48Mr. President, just to follow up on the India tariffs, do you expect increased trade negotiations,

05:56you know, since you've announced the 50 percent tariff? No, not until we get it resolved.

06:00Mr. President, Mr. President, does your deadline for Vladimir Putin agreeing to a ceasefire still

06:05stand tomorrow? Is that fluid now that the talk is about it? Say it. What? Is your deadline still

06:10standing for Vladimir Putin to agree to a ceasefire tomorrow or is that fluid? It's going to be up to

06:14him. We're going to see what he has to say. It's going to be up to him. Very disappointed. Yeah.

06:20Do you have to meet with, does Putin have to meet with Zelensky in order and before you and Putin have

06:26to meet? No. No. Are you hoping for him? So you're willing to, that's actually important because the

06:30President, President Putin said this morning he was pretty dismissive of this idea of meeting with

06:34President Zelensky. Who was? President Putin was. I don't know. I didn't hear him. If you need to meet with him,

06:38he doesn't have to agree to meet with Zelensky. Is that what you're saying? No, he doesn't. No.

06:42So when do you think that means... They would like to meet with me and I'll do whatever I can to stop

06:46the killing. So last month they lost 14,000 people. Killed. Last month. Every week is 4,000 or 5,000

06:56people. So I don't like long waits. I think it's a shame. And they're mostly soldiers. They're Ukrainian

07:04and Russian soldiers. And some people from the cities where, you know, missiles are lobbed in and

07:09you'll lose 35, 40 people a night, which is terrible. But no, mostly it's soldiers. And you're

07:17talking about on average 20,000 a month. 20,000 people are dying a month. Young, generally young

07:25people, soldiers. We're going to speak in about soldiers. We'll see you over for Purple Rain.

07:30Subscribe to One India and never miss an update. Download the One India app now.

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