- Reaction score
- 1,867
- Points
- 1,260
Trump administration 2024-2028
- Thread starter dimsum
- Start date
Nothing builds confidence in your economy and government like firing the statisticians who deliver economic numbers you don’t like.
In one stroke of the pen, Trump will make any and all economic numbers out of the U.S. a little more suspect, a little bit more unreliable.
- Reaction score
- 4,019
- Points
- 1,260
A long time ago when I worked in Prague I got introduced to Czech-Canadian who emigrated back there after a long proud tenure with StatsCan. He went back to head up the newly independent Czech Statistical Office. He said back then that he’s biggest challenge was getting his staff to actually do their job correctly in terms of reporting the numbers/stats ‘as they were’ - no matter if it was good news or bad news - just report it as it was and that he would take care of the rest and ‘protect’ them.
I wish I could remeber his name but after reading this news out of the US, I’m sure he had an up hill battle daily.
- Reaction score
- 4,019
- Points
- 1,260
I found the guy - quite the background story on him.
Edvard Outrata - Institut pro politiku a společnost
www.politikaspolecnost.cz
Yeah, the more I mull the whole “fire the statistician” thing, the more I realize both how pathetic and how damaging it is. Basic economic data is essential to so many different things. America typically does an excellent job of tracking stats and data, and revisions of past months’ data that are collected on a rolling basis are utterly normal. When a regime begins to fire people for telling the truth about fundamentals of the economy, that’s a really, really bad thing. Once you can’t rely on trustworthy data, how are you supposed to roll out informed and tailored policy worth a damn?
- Reaction score
- 5,448
- Points
- 1,260
Or firing all the inspectors-general for reasons. Or appointing unqualified hacks to senior positions in government. Or….
- Reaction score
- 5,486
- Points
- 1,260
HavokFour
Army.ca Veteran
- Reaction score
- 1,100
- Points
- 1,040
Another one.
www.nytimes.com
Army Secretary Orders West Point to Pull Appointment of Former Biden Official
The military academy’s appointment of Jen Easterly, who had been director of the Cybersecurity and Infrastructure Agency, was canceled after complaints from the far-right agitator Laura Loomer.
daftandbarmy
Army.ca Fossil
- Reaction score
- 39,585
- Points
- 1,160
'Chaotic' is a good way to sum things up this far...
According to Donald Trump’s White House, the US economy is booming, inflation is dead and jobs are surging. A blizzard of economic reports has cast a pall on such claims in recent days.
This week’s data on Trump’s early economic record was mixed – good, mad and ugly – with jobs numbers so weak he reached for the catchphrase he once used to build himself into a reality TV star: you’re fired.
Trump fires labor statistics chief hours after data showed jobs growth slowed
The picture is chaotic, with robust headline growth in the world’s largest economy, wild swings in trade, and a remarkable slowdown in the labor market.
For six months, Trump has staged an extraordinary campaign to overhaul the global economy and extract concessions from Washington’s allies and rivals by threatening and imposing steep tariffs on their US exports.
But the unpredictable, erratic rollout of this strategy has already had bizarre consequences.
On the surface, at least, this week’s deluge of data opened with good news: the US economy returned to growth in the second quarter, with gross domestic product (GDP) – a broad measure of economic health – expanding at a rate not seen since last summer.
But this followed an unexpected contraction in the first quarter, and underlined some more concerning figures, such as a 15.6% drop in private domestic investment. Businesses have been struggling to keep up with the hour-by-hour jerks and jolts on sweeping economies policies.
Yes, there was good growth in the last quarter but in the first six months, the US economy grew at a mediocre 1.2%. The Wall Street Journal called it “the weirdest GDP report ever”.
www.theguardian.com
Despite president’s claims of an economic boom, picture is chaotic – healthy GDP growth but weak jobs figuresAccording to Donald Trump’s White House, the US economy is booming, inflation is dead and jobs are surging. A blizzard of economic reports has cast a pall on such claims in recent days.
This week’s data on Trump’s early economic record was mixed – good, mad and ugly – with jobs numbers so weak he reached for the catchphrase he once used to build himself into a reality TV star: you’re fired.
Trump fires labor statistics chief hours after data showed jobs growth slowed
The picture is chaotic, with robust headline growth in the world’s largest economy, wild swings in trade, and a remarkable slowdown in the labor market.
For six months, Trump has staged an extraordinary campaign to overhaul the global economy and extract concessions from Washington’s allies and rivals by threatening and imposing steep tariffs on their US exports.
But the unpredictable, erratic rollout of this strategy has already had bizarre consequences.
On the surface, at least, this week’s deluge of data opened with good news: the US economy returned to growth in the second quarter, with gross domestic product (GDP) – a broad measure of economic health – expanding at a rate not seen since last summer.
But this followed an unexpected contraction in the first quarter, and underlined some more concerning figures, such as a 15.6% drop in private domestic investment. Businesses have been struggling to keep up with the hour-by-hour jerks and jolts on sweeping economies policies.
Yes, there was good growth in the last quarter but in the first six months, the US economy grew at a mediocre 1.2%. The Wall Street Journal called it “the weirdest GDP report ever”.
Good, mad and ugly: the US economy’s performance under Trump – in charts
Despite president’s claims of an economic boom, picture is chaotic – resilient GDP growth but weak jobs figures
www.theguardian.com