Congressman David Schweikert revealed the truth about job numbers after an update was released by the Bureau of Labor Statistics which claimed the economy under outgoing President Joe Biden added 256,000 jobs in the month of December.
“As we transition to a new administration, the December jobs report provides an essential opportunity to assess the economic policies of the Biden administration and the challenges facing hardworking Americans,” stated Schweikert, Vice Chairman of the Joint Economic Committee.
“While the December data demonstrates strong employment growth, having increased 2.2 million in 2024, the report underscores persistent issues that demand immediate attention,” added Schweikert.
“Under the Biden administration, American families have faced unprecedented economic headwinds, including inflation rates that outpaced wage growth for much of the last four years. Policies prioritizing excessive spending and burdensome regulations have strained small businesses, stifled innovation, and eroded purchasing power. While there have been temporary gains in certain heavily subsidized sectors, the broader economic foundation remains unstable,” concluded an exasperated Schweikert.
In a post to X, the Joint Economic Committee Republicans summarized, “In December, employment rose by 256K, averaging a monthly gain of 186K in 2024. While these gains are notable, challenges remain: an unemployment rate above 4% for the past 8 months and a historically low labor force participation rate.”
In December, employment rose by 256K, averaging a monthly gain of 186K in 2024.
While these gains are notable, challenges remain: an unemployment rate above 4% for the past 8 months and a historically low labor force participation rate.
— Joint Economic Committee Republicans (@JECRepublicans) January 10, 2025
In his remarks Friday, Schweikert added, “It’s imperative that we prioritize policies which foster economic growth, encourage innovation, empower domestic businesses, and restore confidence in our markets.”
He added, “Reducing government overreach, prioritizing fiscal responsibility, and enacting tax reform that incentivize investment while rewarding hard work are the most crucial facets of restoring American prosperity.”
“I am committed to working with my colleagues to enact solutions that address these economic challenges and create a thriving future for all Americans. Together, we can ensure that 2025 is the beginning of a stronger, more resilient future for all Americans.”
Payroll employment rose by 2.2 million in 2024 (an average monthly gain of 186,000), with some industries growing more than others. pic.twitter.com/dzesehbhMG
— Joint Economic Committee Republicans (@JECRepublicans) January 10, 2025
The update from the Bureau of Labor Statistics (BLS) is infamously subject to revision as well. This proved to be a factor that badly hurt the Biden administration and the Kamala Harris campaign in August 2024 when the BLS estimate of new jobs created between March of 2023 and March of 2024 was revised down by almost 818,000 or about 30%. The release was allegedly intended after November 5th but was leaked according to President-elect Donald Trump.
Rep. Jodey Arrington, Chairman of the House Budget Committee, observed at the time, “Based on more comprehensive data released from state unemployment tax records, the Biden Bureau of Labor Statistics acknowledges they were way off on the number of new jobs created between March of 2023 and March of 2024 by almost one million or 30%, which is five times their average margin of error. The economy is the top issue in this presidential race and the recent downwardly revised job numbers taken together with persistently high prices and interest rates bellies a much weaker Biden-Harris economy than we were led to believe.”
Accusations that the Biden White House deliberately inflated the jobs numbers abounded with President-elect Donald Trump addressing the revision directly calling it a “total lie,” and “a scandal.”
President Trump addresses report that Biden-Harris Labor Department inflated jobs numbers by 818,000 during speech in Asheboro, NC pic.twitter.com/mNyq6JJ3XL
Trump told supporters in Asheboro, NC, at the time, “The Harris-Biden Administration has been caught fraudulently manipulating job statistics to hid the true extent of the economic ruin that they’ve inflicted on America.”
Schweikert’s office provided a few highlights of the BLS report, noting that the outgoing legacy of the Biden administration will be marked by:
“Real wages failing to keep pace with inflation, leaving many families burdened with record-high levels of credit card debt and preventing the ability to grow savings.
A labor force participation rate that has struggled to recover to pre-pandemic levels, leaving millions of Americans sidelined from economic opportunities.
The failure to address workforce development, with an uneven rate of job openings compared to worker skills, leaving both manufacturing and construction industries with critical labor shortages.”
Here is my wish list for the incoming Trump administration to make America healthy and prosperous and great again in 2025.
1.Slash Job-Killing Regulations
The regulatory state is a $2 trillion tax on the American economy. We all want worker safety, a clean environment and consumer protections, but in too many cases the costs of regulations far outweigh the societal benefits. President-elect Donald Trump has promised to slash 10 rules for every new rule. Just do it, Mr. President.
2. Make The Trump Tax Cuts Permanent
As JFK, Ronald Reagan and others have proven throughout history, lower tax rates lead to more growth, more investment and more jobs. The Trump tax cuts meant that a typical family of four earning $75,000 a year saw their tax bill fall by half — a benefit valued at more than $2,000. And the corporate tax rate fell from 35% — the highest in the world — to 21%, bringing jobs and capital to America. Trump has promised to make all these tax cuts permanent. Why? Because they worked almost exactly as we anticipated they would.
3. Replace Welfare With Work
Growth will require more able-bodied Americans getting off welfare and into jobs. Welfare — which includes cash assistance, public housing, food stamps, disability payments, unemployment benefits and Medicaid — needs to be a hand up, not a handout.
4. Use America’s Abundant Natural Resources
America has well more than $50 trillion of natural resources that are accessible with existing drilling and mining technologies. This is a vast storehouse of wealth that far surpasses what any other nation is endowed with. We can use the royalty payments and leases to reduce our national debt while creating hundreds of thousands of jobs.
5. Cut Medical Costs by Demanding Health Care Price Transparency
One of many ways to bring health care costs down to consumers (and taxpayers, who pay half the costs) is to require hospitals, pharmacies, doctors and health clinics to list prices for what they are charging. The Committee to Unleash Prosperity estimates that $1 trillion to $2 trillion could be reduced from health care costs, with no reduction in the quality of care, by allowing consumers to shop around on the internet for the best price — just as we do when we buy groceries, a home or a car. This will foster free market competition and lower prices.
6. Allow School Choice for All Families
Test scores in America have been plummeting. Kids are graduating from high school — if at all — without even being able to read the diploma. America no longer ranks in the top 10 in many academic achievement ratings.
A child can get a better education at half the cost in the Catholic school system and in many charters.
Trump has endorsed universal school choice for all children regardless of income or ethnicity or race. This is the civil rights issue of our time.
7. Implement A Pro-America Immigration Policy
Trump’s committed to securing our border, but we also need legal immigrants through a merit-based immigration system. This visa system would select immigrants based on their skills, talents, investment capital, English language ability and education level. These characteristics all presage success in America.
8. Revive America’s Great Cities
Our once-great cities in America — from New York to Chicago to Detroit to San Francisco to Seattle — have come to look like war zones. Crime has run rampant. Businesses and people and capital are fleeing and leaving the poorest Americans — mostly minorities — stranded with tragically limited opportunities other than working at Walmart or McDonald’s for minimum wage. Since 2020, our major cities have lost nearly 1 million residents. And tens of thousands of businesses.
Trump wants to revitalize our cities and abandoned rural areas through deregulation, reduction in tax rates, changes in zoning policies and infrastructure investments.
9. Pull the U.S. Out Of The Paris Climate Change Treaty And Other Anti-America Agreements
We must end American participation in globalist treaties that hurt America most. This includes the Paris Climate Accords — a treaty with which most other nations have failed to comply, yet which places huge burdens on American companies and workers. Trump also has pledged to end global taxation — such as Treasury Secretary Janet Yellen’s global minimum tax. Do we even need a United Nations?
10. Finally, Drain The Swamp
There is a reason why three of the five wealthiest counties in America are in or around Washington, D.C. Washington is getting rich at the expense of the rest of us. Fewer than 10% of overpaid federal workers (of which there are more than 2 million) are working full time in the office even though COVID-19 ended three years ago. These are swamp employees that often get paid $150,000 or more a year. Fire them if they don’t show up. And relocate federal agencies in other cities.
These are admittedly bold aspirations for an economic transformation toward freedom and free enterprise. But the one person who can get it done is Trump.
Stephen Moore is a contributor to The Daily Caller News Foundation and a visiting fellow at the Heritage Foundation. His new book, coauthored with Arthur Laffer, is “The Trump Economic Miracle.”
Recognizing that voters are increasingly skeptical of extreme climate regulations, dark money groups have stepped in with millions of dollars to alter the conversation.
The goal of these groups, as reported in recent news, is to help climate activists “talk like humans” and present their ideas in a way that doesn’t alienate voters.
Essentially, these groups advise activists on how to sound less radical by softening the rhetoric and framing their climate agenda as more palatable and less divisive. But there’s an obvious catch: this is a messaging campaign, not a policy shift.
If you must teach someone to talk like a human, the message is probably not the problem — it’s the policy, isn’t it?
Beginning with the mythical “new ice age” predicted in the 1970s, the climate alarmists have tried for half a century now to convince us that humans are negatively impacting the climate and that the only solution is for us to diminish the very things — food, energy, and transportation, to name a few — that have brought progress not just to the United States but everywhere around the globe.
The problem is that folks just aren’t buying it, or at least aren’t buying the radical solutions proposed by far-left government officials, out-of-work politicians desperate to make a buck, and the NGOs and think tanks that provide financial backing to them all.
Now, since voters aren’t buying what they’re selling, they want dark money groups to help activists disguise their radical agenda by using softer language, subbing out phrases like “climate change” and “warming” to “extreme weather” and “overheating.”
It seems more than a little ironic that the same voices on the left who accuse energy companies of peddling “fake news” and “climate denialism” to protect their profits are now using a web of dark money to fund a communications strategy that relies on concealment and manipulation. Talk about hypocrisy.
Their problem, of course, lies in the reality that their policy “solutions” do not resonate with the public and do not deliver as advertised. Solutions that actually work and are truly affordable wouldn’t require these kinds of deceptive tactics to gain public support. But their approach is the furthest thing from in touch with what an endless numbers of pre-election surveys and exit polls showed is voters’ most pressing concern today — the economy.
Just look at the adverse economic consequences that came from President Joe Biden’s radical energy policies.
Within hours of assuming office, Biden canceled the Keystone Pipeline, killing thousands of union jobs. He conducted a regulatory assault on energy companies, limited drilling permits and access, supplied nearly $500 billion in tax dollars to green energy initiatives, and pushed policies that made fossil fuel production more difficult and expensive. Gas prices spiked, and utility bills soared for millions of Americans, hitting the middle class especially hard.
And that’s not all. Of course, nearly every good purchased or consumed is shipped by trucks and trains which run on fossil fuels. Driving up the cost of fuels drives up the price of shipping, which, in turn, drives up the prices of the goods being shipped. That is exactly what Biden’s radical energy policies did. Add to that the fact that, even as fuel prices moderated in recent months, prices for consumer goods have remained stubbornly high, and it’s no wonder the Biden policies became so unpopular.
While the administration justified these policies as steps toward a cleaner, greener future, the main effect felt by average American families was a squeeze on their household budgets and a heightened sense of financial instability.
No amount of dark money will bring the climate alarm movement’s views into line with the mainstream, and no amount of softer language will allow them to change the conversation in a manner that convinces the public to give up their gasoline-powered cars and gas stoves.
There is a fundamental disconnect between the radical Biden policies and the needs of average Americans living out here in “flyover country.” Until they can address the true economic consequences of their climate agenda, they will continue to lose elections and legislative policy battles. And that’s welcome news for us all.
David Blackmon is a contributor to The Daily Caller News Foundation, an energy writer, and consultant based in Texas. He spent 40 years in the oil and gas business, where he specialized in public policy and communications.
Americans of all persuasions have reached a rough consensus in favor of cutting government spending. We all, with the possible exception of hard-left Democrats, know that our present course is unsustainable and will lead to fiscal ruin.
Yet so far, no politician in a position to do so has been able to accomplish the feat. Ronald Reagan’s heart was in the right place, but he wasn’t able to get a reluctant Congress to go along without giving up his dream of ending the Cold War.
Most presidents and congresses since have been MIA in fiscal discipline. Donald Trump, although successful in many policy initiatives, failed utterly in this most critical area of all.
But now there is suddenly hope arising from an unexpected quarter – Argentina. Javier Milei, their new president, has shown after one year that it is in fact possible to reduce the size and scope of the state. It takes clear vision and resolve, not just bluster and campaign slogans that melt under populist pressure to spend.
Milei’s political persona is brash and flamboyant. He sported a chainsaw during his presidential campaign to dramatize his zeal for cutting spending. But he is a serious economist, a former university professor who has published over 50 academic papers. He fully understands the relationship between free-market principles and economic growth.
He doesn’t pander. During his campaign, he was candid about the effect of the large cuts in spending he contemplated including the termination of tens of thousands of jobs, the elimination of government agencies, and the loss of regulatory protection many would experience.
Here’s the key. Unlike most politicians who make extravagant promises, he did what he said he would. The International Monetary Fund confirms that in his first year, he cut government spending by an astonishing 30%, he eliminated or downsized 12 government ministries, he canceled 80% of public infrastructure projects, and he reduced the public payroll by 20%.
The results already speak for themselves. Argentina has a balanced budget for the first time in 10 years. The first quarterly surplus appeared in April. Significantly, inflation has been reduced from an intolerable 25% monthly in 2023 to about 2% per month currently. Argentina’s credit ratings are starting to improve. Output is beginning to expand.
Once Argentina’s banks ceased printing money to cover chronic deficits, economic pain was bound to ensue. Massive debt is still out there. As Milei warned, unemployment is up and the poverty rate has jumped to nearly 50%.
Yet Argentines seem willing to stick with the program. The amazing drop in inflation (they have their money back) and the belief that the pain will be worth the gain seems to be keeping up morale. Milei’s approval rating is 55% and rising, with few signs of widespread discontent.
It helps that deregulation has already produced benefits. The Milei government has improved everyday life by slashing red tape around things like air travel, divorce, and satellite Internet. A housing boom has developed with rent deregulation. Rents have stabilized and mortgages are once again available. The poverty rate is already falling.
The left is not impressed, of course. Al-Jazeera calls Milei’s presidency a “disaster.” The BBC worries that he is “influencing” America’s new policy makers, asserting that “taking inspiration from Milei to reduce the size of government doesn’t make any sense.” The New York Times frets about the hardships being forced on Argentines.
The tantrum on the left is understandable. Argentina, once a wealthy nation, has been brought low by decades of autocratic, collectivist economic governance. Milei convinced voters that Argentina should not follow Cuba, Venezuela, and other failed economies down the “soak the rich” path.
He preached not more government but less, not more trade barriers but fewer, not higher taxes but lower. If Argentina succeeds, leftists have some serious explaining to do.
The incoming American administration seems interested in learning from Argentina’s experience. “The deficit was the root of all evils – without it, there’s no debt…no inflation,” Milei counsels.
There is no secret sauce either, just the basic sound economic principles that are the known roots of prosperity. We don’t need more study at this point, just the steely determination to do the right thing.
Dr. Thomas Patterson, former Chairman of the Goldwater Institute, is a retired emergency physician. He served as an Arizona State senator for 10 years in the 1990s, and as Majority Leader from 93-96. He is the author of Arizona’s original charter schools bill.
Congressman David Schweikert (R-AZ-01) offered his fellow Congress members a gift in his weekly speech on Thursday. The former Arizona State Treasurer and nation’s de facto accountant presented solutions to the problems “that directly contribute to rising costs and decreasing wages in America.” In a press release last week, Schweikert shared video of his speech in which he points out the Consumer Price Index (CPI) for November reflected a 2.7 percent price increase from November of last year, indicating continuing inflation while wages continue to stagnate.
The Arizona Republican stressed the need for Congress to pursue a modernized immigration approach based on talent and merit in 2025, which promotes both productivity and wage growth while simultaneously offsetting declining birth rates and population decline.
Schweikert explained, “Here’s the reality: if the president is looking at you in the camera, and telling you [we have] the best economy ever—that’s not factual—but why don’t you feel it? It’s because much of America is poorer today than the day President Biden took office. If you live in the Phoenix-Scottsdale area—my home—if you don’t make 27 percent more today than the day President Biden took office, you are poorer.
Having someone telling you, ‘Oh, the economy is great,’ and yet, you’re having trouble paying for things… The reason we made this board, functionally, for you to maintain your purchasing power. If you are an average American in my district, these numbers are substantially higher because I am from a district with some of the highest inflation in America. If you are not making $1,115 more a month—because that’s what you have to be [making] from four years ago—your purchasing power… you’re poorer.
And I think that’s the reason that voters turned and said, ‘Okay, I see these Democrats running lots of ads saying crazy things,’ but yet, it turns out the voters are actually really smart. They would look at their checking account. They’d look at the cost of their kids’ clothes. They’d look at the grocery store and try to figure out why in the last week of the month they were losing their minds under stress.”
WATCH:
The congressman stressed the incoherence of current immigration policy, which invites foreign nationals into the U.S., educates them in our institutions, and then ships them back to their home countries rather than encouraging skilled legal immigrants to become citizens. In the release, Schweikert notes, “When wages go up, we actually take in more tax receipts and then begins the cascade event of changing society and the economy for the future and the better.”
Regarding reforming the tax code to favor research and development and immigration laws to favor talent-based immigration, he posited, “One of our economists is trying to model what would happen if you said we’re going to do expensing of research and development because we know that pops economic growth. But if you also did talent-based immigration at the same time, you may get a multiplier effect. This is thinking like an economist. This is what we have to do to get ourselves out of this hole.”
