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 | Common Dreams
We’ve been in a recession. The word you’re looking for now is depression.
Not really, maybe a blip of something in 2021-2022, but generally the US economy as a whole has been doing alright - Real GDP. Individual people though have been getting beaten up recently, but boy is that about to get worse.
the fantasy bullshit metrics that function as a half-lottery between the ultra wealthy, those have been doing fine
but nobody can afford rent eggs are 2$ each and nobody's had a raise in years, so the way we distribute our resources WAS fine, but the lottery got weeird, so now our stuff is gonna get even more exploitative
read that back to yourself, dear.
We know....we all sadly knew it all along.
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.
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.
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.
Do they think we won't realize it when people can't get a job, and prices are going sky high?
They do. Because they already got away with making the US fail to realize a whole bunch. About project 2025. About Trump. School shootings. Class solidarity. Etc. The US is pliable because 50% of the country just needs someone on Fox to tell them how okay it is for them to get fucked, and they'll just let it happen.
Problem is, there are clear limits on how far this can be pushed. And these idiots are just about to discover what those limits are. But they are without question idiots, and certainly stupid enough to not see how this is going to effect them.
Controlling information has always, and will continue to work.
you and many educate dpeople would know. its to keep thier supporters stupid and ignorant.
It will be the egg situation on a larger scale. They will use the same lies, or at least the same style of lying and twisting the truth.
Housing market crash when?
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.
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.
I guess he will hang up curtains in the market aisles, so that people don't know that they are bare at a glance.
Of course
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!
Don’t know why you’re getting down voted. This is EXACTLY what Biden did.
Just shows people cannot handle the truth so they down vote instead. Smh.
I posted elsewhere, but I think the real issue is that it really didn't look like a recession. While technically it was a recession by the two negative quarters definition, if you look at real GDP it's barely a blip.
I suspect at the time the concern was that calling it a recession would have impacted the recovery. Not that I think that's a good excuse, but they werent hiding the data. With Trump, he's trying to hide the downturn rather than trying to rally the recovery.
Calling out Biden here is a very "both sides" centrist kinda mindset.
That's the BlueMAGA cult mindset
It's Blue MAGA who will ignore anything critical of Dear Leader. Calling out their hypocrisy gets you downvoted and banned.
EDIT: Thanks for proving my point!
