This is ominous. Commerce Secretary suggests new GDP calculations might deliberately exclude government spending to obscure impact of DOGE cuts.
https://apnews.com/article/trump-gdp-economy-government-spending-lutnick-7414ba1bd441bd4bf64620bfd66923b2
https://apnews.com/article/trump-gdp-economy-government-spending-lutnick-7414ba1bd441bd4bf64620bfd66923b2
Comments
“Welcome to North Korea”
https://www.jandehn.com/post/the-safe-asset-delusion
Not to mention he owes a half trillion $$ for keeping 3 sets of books.
Beware of psycho sycophants.
The kleptocracy is winning.
Have to look at this regime the same as you would Moscow, every sentence is meant to manipulate you
And always dealing in bad faith, zero sum mentality
What they don't understand or care about is WHAT they've cut.
If you don't count the layoffs, they never happened.
Note that Musk made a similar comment.
What are they going to do about unemployment and bankruptcies and home repo?
I mean, I’m pretty sure people can look at the budget they approve and compare it to last year’s budget and figure out how much of a hole they are blowing in the economy.
Plus all the other numbers will begin to tank… will they bake ALL the numbers?
Inflating & deflating numbers that benefit Trump.
This is how Trump ran his own company & got caught and convicted on.
Should US government transform Mar-a-Lago into Taj Mahal for most dear leader, for example?
But it is definitely part of GDP, as anyone who ever took intro macro probably remembers (in "Y=C+I+G+(X-M)," the G =government spending)
https://bsky.app/profile/ajardim1.bsky.social/post/3lhea44zld22a
Just say what they want it to be, and throw in Biden and Obama is responsible for anything they don’t like or facts that actually “leaked out”
Markets still giving White House plenty of rope.
Neither of which are measured in the G component of GDP, by the way. That decline and layoff effect comes later.
Lutnick appears to be clueless here.
He will do whatever he can in order to circumvent Chair Powell's mandate
Even I understand this is wrong, lol
https://www.gocomics.com/nonsequitur/2025/02/18
The government (services etc) isn't designed to make money, it's designed to reinvest into its population and government spending tells a lot
Russian planned economy operated for decades on forged numbers. We know how that ended.
But that's par for the course for this administration.
Don’t like the election results? Change the rules.
The economic results of your policies will be bad? Change the way you measure the economy.
This is how the GOP works.
Welcome to New Russia.
This is who Republicans are when they stop reporting on abortion and pregnancy related deaths.
https://apnews.com/article/virus-outbreak-donald-trump-ap-top-news-joe-biden-tulsa-476068bd60e9048303b736e9d7fc6572
Data never trumps dogma for some.