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.”
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.
When people can’t to feed themselves, that’s when the riots will start. I’m not looking forward to it, but it looks like they’re going for a complete system breakdown.
I’m not so sure. Republicans do have a persecution fetish, but that’s specifically tuned not to apply to Republican leaders. Instead, the anger will be pointed at minorities. Many will take the bait because it’s what they do as a bloc every single time.
Welp…
If you don’t test for recession, there can’t be any recession, right…???
🙄 🙄 🤡 🤡
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.
Just do what Biden did and redefine what a recession is to make it look less gloomy
Well, actually it was Obama that redefined recession. Biden redefined unemployment.
Wrong. A 2 second search proves you wrong.
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.
The circled area is the blip that your source is referring to. The giant drop before it is from during Trump’s first term. Everyone thought we were going to hit a recessesion that would be a big issue. As you can see it was fixed extremely quickly. The wall street journal leans right and was using it as propaganda to promote Republican efforts.
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.
