First allow me to jog your memory.

Back in February, President Obama said this:



Most importantly, this progress is finally starting to translate into bigger paychecks. Over the past six months, wages have grown at their fastest rate since the crisis. And the policies that I’ll push this year are designed to give workers even more leverage to earn raises and promotions.

So, as I said at my State of the Union address, the United States of America, right now, has the strongest, most durable economy in the world. I know that’s still inconvenient for Republican stump speeches as their doom and despair tour plays in New Hampshire. I guess you cannot please everybody.

Darn Republicans. Can't they see how great the economy is?

Then just last week there was this Reuters article.



Last month's 0.3 percent increase in average hourly earnings left the year-on-year gain at 2.6 percent. The average workweek increased by 0.1 hour to 34.5 hours in July, the most since January. With both hours and hourly earnings rising, workers' take-home pay shot up 0.6 percent.

"Businesses are still willing to invest in labor and pay higher wages to retain employees. The combination of strong employment and firming wage growth should remain supportive of income and consumer spending," said Greg Daco, head of U.S. macroeconomics at Oxford Economics in New York.

Those were official government numbers!

No one can dispute them! At least not without being accused of conspiracy theory.

Well..one group can dispute them.

Only one group.

The same official government group that creates those reports in the first place.

It's called a revision.

Revisions happen after more information is gathered so that the report is more accurate.



Revising +4.2% down to -0.4% is a HHUUUGGEE miss!

That's like swinging for a homer at a wild pitch and losing your grip on the bat in the process.

That's OK because Q2 must have been much...



OK, Wages are down from Q1 and flat from a year ago.

I bet Obama and Hillary will be talking a lot about that, amirite?