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this post was submitted on 21 Aug 2024
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I noticed that as well, the initial numbers get a lot more coverage and this creates an illusion that the economy is doing great. And then they just do plain old gaslighting on top of that such as this gem https://www.cnbc.com/2024/08/12/59percent-of-americans-think-the-us-is-in-a-recession-report-finds.html
Everyone did intentional overreporting of the numbers in the past, but this only became a real problem with the Biden admin, because they are going too crazy with it. If they overshot by like 250k, this wouldn't get any real headlines, it would just be a quiet correction.
I think it's that and the fact that they've kicked the can as far down the road as they can at this point. It's becoming impossible to pretend the economy is doing well now.