Oh, it's definitely bullsh*t (cf. Harry G. Frankfurt's charming little book On Bullsh*t which defines bullsh*t as saying whatever is expedient without regard to whether it is true or not, and comes to the conclusion that bullsh*t may be a greater enemy of truth than lying).
Of course, there's a lot of bullsh*t in politics these days, emanating from both the White House and Congress (where the Democrat leadership had been the clear leaders in the practice until Trump replaced the previous occupier of the White House as Bullsh*tter-in-Chief).