Trump Admin Disbands Two Committees on Economic Statistics

[Anonymous]

Anonymous wrote:Economists are just another enemy to MAGA. If won’t make any difference, though because the market will respond. They can’t manipulate it forever.

+1. MIT economists have produced shadow inflation indices for countries (like Argentina) where the government is trying to manipulate/falsify economic data. If they have to do it for the USA they will. But it would be sad to have the USA fall into the category of countries without legit govt economic data.

[Anonymous]

So the new jobs and unemployment numbers should look really good soon.

[Anonymous]

They claimed there was no recession, despite negative GDP for two straight quarters.

They claimed lower inflation by changing how they measure the cost of health insurance. Not the amount of premiums, but premiums minus benefits paid.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:He's trying to emulate Argentina. Soon we'll have the "real" inflation rate that academics and others will have to track, and the "government inflation rate" which will be far lower and unrealistic.

Bruh, we already have fake numbers and you have to go looking for the "real" stuff: https://www.shadowstats.com/
Note, that it dates back to 1980.

Ha no way. An actual economist reviewed shadowstats and found that the average 8th grader knew more math than they did given the amount of errors involved in their numbers. But keep on with your tinfoil hat and the fake statistics that our government produces.

Oooh this brought out a high-level handler. Why is shadowstats so sensitive to you guys?

Sorry you don’t know economics or math! Don’t worry, I’m sure you can google around to find some Russian talking points that explain why data produced by USG economists and civil servants is false.

If you ask the quintessential man on the street what the inflation rate is, they will oddly always pick a number closer to the shadowstat number. Also, since the shadowstat stuff dates to 1980, you really should call it Soviet propaganda.

[Anonymous]

Anonymous wrote:They are going to ruin the economy but will be able to lie about it.

Well, that's exactly what Biden/Harris did with those committees intact.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:He's trying to emulate Argentina. Soon we'll have the "real" inflation rate that academics and others will have to track, and the "government inflation rate" which will be far lower and unrealistic.

Bruh, we already have fake numbers and you have to go looking for the "real" stuff: https://www.shadowstats.com/
Note, that it dates back to 1980.

Ha no way. An actual economist reviewed shadowstats and found that the average 8th grader knew more math than they did given the amount of errors involved in their numbers. But keep on with your tinfoil hat and the fake statistics that our government produces.

Oooh this brought out a high-level handler. Why is shadowstats so sensitive to you guys?

Sorry you don’t know economics or math! Don’t worry, I’m sure you can google around to find some Russian talking points that explain why data produced by USG economists and civil servants is false.

If you ask the quintessential man on the street what the inflation rate is, they will oddly always pick a number closer to the shadowstat number. Also, since the shadowstat stuff dates to 1980, you really should call it Soviet propaganda.

What's your evidence for that?

[Anonymous]

‘Bad sign’: Purge of data experts raises alarms over economic reports
The removal of advisers supporting closely watched monthly releases may mean trouble for agencies that provide vital information on jobs and inflation.
https://www.politico.com/news/2025/03/21/labor-commerce-department-economy-data-doge-00241559

The Trump administration has dismissed advisers to key statistical agencies behind major economic reports, sparking warnings that the cuts will jeopardize the quality of data critical to policymakers and Wall Street investors.

Economists, academics and corporate officials serving on a board of unpaid advisers to the Labor Department’s statistical bureau were told this week they were no longer needed, two of the former members told POLITICO. Similar committees that advised the Commerce Department’s Bureau of Economic Analysis and the Census Bureau have also been let go. And the Federal Housing Finance Authority placed workers who assisted with its widely cited home price index on administrative leave Wednesday.

The abrupt removal of experts supporting monthly reports that are closely watched by everyone from the Federal Reserve to business leaders is a sign of trouble ahead for agencies responsible for providing vital measurements of inflation, unemployment, productivity and growth, economists and former agency officials said.


“We’re already at a place where a lot of people look at the statistics coming out of the government and are very skeptical,” said Claudia Sahm, a former Fed economist who began raising red flags about cuts to statistical agencies earlier this month. “This isn’t the right time to be undermining our confidence in that data.”

[Anonymous]

Anonymous wrote:

Anonymous wrote:They are going to ruin the economy but will be able to lie about it.

Well, that's exactly what Biden/Harris did with those committees intact.

You don’t know anything! You are applauding the destruction of America, traitor. Stupid MAGA doesn’t know anything.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:They are going to ruin the economy but will be able to lie about it.

Well, that's exactly what Biden/Harris did with those committees intact.

You don’t know anything! You are applauding the destruction of America, traitor. Stupid MAGA doesn’t know anything.

He’s just doing what he’s paid to do. It’s a tight job market right now and he has to eat.

[Anonymous]

I hope they disband the DOL:

https://www.dcurbanmom.com/jforum/posts/list/1265174.page

[Anonymous]

Anonymous wrote:It deeply bothers me that people support Trump and Musk in their dismantling the government. People clearly do not know what government does and how it serves this country. It’s appalling.

Education on what the govt does has been terrible for generations. This is the result. No one cares until it's too late.

[Anonymous]

Anonymous wrote:

Anonymous wrote:It deeply bothers me that people support Trump and Musk in their dismantling the government. People clearly do not know what government does and how it serves this country. It’s appalling.

Education on what the govt does has been terrible for generations. This is the result. No one cares until it's too late.

What is worse is when we find out that we hate what it is doing. That is the situation we're in right now.

https://www.dcurbanmom.com/jforum/posts/list/1265174.page

Why do they have to keep those PERM searches secret from the job applicants?