As Economic Indicators Point to Recession, Trump Moves to Hide Key Data From Public
As Economic Indicators Point to Recession, Trump Moves to Hide Key Data From Public
The Trump administration's dismissal of economic experts and advisory committees is a dangerous move that could lead to a recession. Can we afford to ignore the warning signs and let politics dictate our economic future?
Ah, taking the Russian approach, I see
Yep:
"Reduced transparency in official statistics is perhaps the most troubling aspect of disbanding FESAC," wrote Claudia Sahm, a former Federal Reserve economist, at Bloomberg on March 11. "Cutting off agency staff from external advisers creates an environment where political interference could occur much more easily—and go undetected. With political officials such as Lutnick arguing publicly that GDP should exclude government spending, it is especially important to have external, independent experts."
Oh yes, most definitely.
Welp...
If you don't test for recession, there can't be any recession, right...???
🙄 🙄 🤡 🤡
If you didn't catch me cheating I didn’t cheat.
Housing market crash when?
when even weathier than average citizens can't afford it, then billionaires can buy up everything for chump change and squeeze that money back out of the populace with absurd rent that nobody will even try to undercut. especially now that anyone with one or more brain cell knows this whole idea of 'checks and balances' only applies to the poor
And once people have nothing left to lose and their families are starving they drag the rich into the streets and beat them to death with asphalt torn from the roads. History has repeated this scenario over and over again.
As of 2023 there are 735 billionaires in the US, and 340,000,000 non-billionaires.
Probably never. Land is a very finite resource violently controlled by a smaller and smaller group of people. There's no reason for them to dump their holdings. People literally need land to survive. It's the ultimate and original capitalist cash cow. It's a fundamental pyramid scheme on human needs along with food, water, air, etc. That's a very solid foundation in a fascist police state.
They are already doing it. Look at the illegal immigration numbers, which they released with no documentation for either Biden's ludicrously high numbers to Hitlerapig's ludicrously low numbers.
HitlerPig wouldn't release a single number for anything without sweetening it in his favor.
Everything from this administration should be assumed to be a blatant lie.
We know....we all sadly knew it all along.
Just do what Biden did and redefine what a recession is to make it look less gloomy
It's odd that people here mock voters for "pRiCe oF EgGs" but don't realize that it was shorthand for the economy being shit for the vast majority of Americans. Obviously Trump isn't better for the economy, but there were fundamental problems like the high cost of living that people were desperate to get out of and desperate people do desperate things which can be seen as stupid.
Our economy has been an inflatable castle patched with band-aids all over, especially since 2008, but the foundations for this setup was laid down decades before that. Touting higher consumer spending numbers (because people have to pay more for everything), lower unemployment (because people are kicked off unemployment and have to work shitty gig work), or the dumb stock market (which has been pumped with massive money printing) is as dishonest as outright hiding numbers.
But Harris told me the economy was doing great as my family had to balance eating food, paying rent, and getting my dad's medical bills for having a stroke. She'd never lie!
Of course