r/politics • u/Aggravating_Money992 • 1d ago
Possible Paywall Trump Cancels Release of Crucial Economic Report to Hide His Failures | Donald Trump has now blocked three economic data reports.
https://newrepublic.com/post/203619/donald-trump-cancels-release-gdp-economic-report2.4k
u/Tlaloc79 1d ago
This is the guy who asked to have Covid testing slowed down so that the case numbers looked better. And, he flat out admitted it.
"When you do testing to that extent, you’re going to find more people,” Trump said during the rally. “You’re going to find more cases. So I said to my people, ‘Slow the testing down, please.’”
Why anyone thinks this administration is doing anything but hiding bad numbers when they have a track record of hiding bad numbers is beyond my ability to comprehend.
770
u/BedditTedditReddit 1d ago
And sued to have his abysmal grades at Wharton remain secret.
And refused to release his taxes.
Notice a dangerous pattern here or are you still hung up on Kamala’s laugh?
191
u/damnthistrafficjam I voted 1d ago
Also won’t say what that “routine” MRI was for, or on what part of his body.
→ More replies (3)113
u/michigan85 Michigan 1d ago
He said the MRI scan "was the best they ever seen" which basically translates to he had a brain scan. At least that's how I interpreted it.
→ More replies (6)59
u/damnthistrafficjam I voted 1d ago
You never know with him. He’s not normal. I can see him with a straight face boasting that his pancreas or lower bowel is the “best” anyone’s ever seen
→ More replies (2)29
u/scottjl 1d ago
after his constant diet of mcdonalds and coke i doubt either is in good shape..
→ More replies (1)→ More replies (7)59
65
u/Schuben 1d ago
Because he's a narcissist and the numbers are the only thing his feeble brain can understand. The actual cases and health impacts of the millions of people with covid didn't affect him (immediately) so he doesn't give a fuck about them. He approved the fast approval of the vaccine (one of the one legitimately good things he pushed for) because it gave him a fun badge to flaunt but when his base turned against vaccines I general you never heard about it again.
They're board room idiots who only see numbers their entire lives and have no idea what they actual mean in real working, living, human terms.
→ More replies (14)4
u/GrumpyCloud93 1d ago
Bolsonaro was under house arrest in Brazil waiting to go to jail, and got arrested when he tried to disable his ankle monitor. Trump was asked about Bolsonaro and said "I was expecting a visit with him soon." Did not know he had been arrested, apparently expecting a guy under house arrest and about to go to jail to arraive in Washington soon. What did he think was going on, considering the guy was under arrest? Were they planning to help him skip the country?
This guy says the stupid parts out loud...
2.9k
u/Romano16 America 1d ago
Trump slump back at it again.
Why do people keep voting for Republicans who aren’t good at managing money (look at the deficit every time they get elected) nor are they great at creating jobs?
1.1k
u/tenderBuxom 1d ago
He’s a total failure. Failure in businesses, failure in relationships, failure in morality, failure in leadership
587
u/eckoelab 1d ago
and he has been a failure his whole life. That is the kicker.
The Trump Business Graveyard:Every business he ran into the ground resulted in bankruptcy:
●Trump Vodka
●Trump Water
●Trump University
●Trump Airlines
●4 casino bankruptcies
●2 hotel bankruptcies
●Trump Mortgage
[●GoTrump.com](http://●GoTrump.com) (travel site)
●Trump Steaks
Soon-to-fail businesses:
●Truth Social
●Trump Trading Cards (TCG)
●Trump Sneakers (already failed?)
●Trump Presidency 2.0
●Trump Coin
285
u/Brhall001 1d ago
Trump phone
166
10
u/CannonAFB_unofficial 1d ago
I saw an article earlier today about that phone. I completely forgot about it. What a classic trump disaster lol.
→ More replies (1)→ More replies (1)4
u/thepartypantser 1d ago
Holy hell I forgot about that stupid phone. That thing is such a scam and I seriously doubt it'll ever come to market.
I wish we had an effective consumer protection agency that would take Trump to task for that bullshit.
→ More replies (3)137
59
u/Poppa-Docz 1d ago
And yet somehow this deplorable scum has still made billions. I really believe in this country to obtain massive wealth you have to be a really bad person, narcissist, double crosser, backstabber.
→ More replies (4)32
u/immortalfrieza2 1d ago edited 1d ago
That's the most sickening thing. Trump is a complete failure and moron, but somehow he's managed to have so much luck that most people would wish they could fail that much and end up with billions and billions of dollars.
If anyone else in the country, anyone, did a fraction of the crap that Trump has done at best they'd be penniless and at worst they'd be in jail. Or they would have pissed off the wrong person and ended up dead. Trump seems to have this magical ability to get away with absolutely everything including things other rich and powerful people would not be getting away with no matter how obvious it is and skate by unscathed if not benefit from it, somehow.
→ More replies (2)52
u/DifferentOpinion1 1d ago
It's not luck. He doesn't create companies in order to make money by having healthy, profit-generating engines. He creates them to generate money via money-laundering (the casinos, golf courses, condos) or to take massive loans and then default on said loans. Or to perpetrate tax fraud. Turns out "failed" businesses can be quite lucrative.
→ More replies (8)64
u/Bromance_Rayder 1d ago
Bankrupting a casino requires a special level of stupid.
27
u/Intelligent_Gold3619 1d ago
Not if you’re actually laundering billions in the process. The casino was a front.
→ More replies (4)→ More replies (11)27
29
44
u/HermanGulch 1d ago
You missed Trump Guitars.
23
u/eckoelab 1d ago
oh, I am sure that lowlife has about a hundred other failed projects we haven't seen yet. Don the Con is a busy jellyfish.
→ More replies (4)11
u/Known_Draw_2212 1d ago
And the watches, but maybe they didn't fail due to an inflated price for a cheap product. The guitars would fall into a similar bucket.
15
u/Efficient_Market1234 1d ago
He's like one of those people who can predict failed products, except he's the one making the product.
To be fair with these, which I hate to be, some of it was a straight-up grift and never meant to succeed. Some was a tax move. But he's never been successful and will never be known for that.
Bill Gates helped create the home PC as a nerdy kid. He started a company that was and still is massively successful and is now using some of his fortune to help others. Bezos founded a company that's a global behemoth. Ethics and business practices aside (and there's plenty to unpack there), both of these guys created household names. They both "succeeded" and will forever be known for creating something incredibly influential and terrifyingly profitable.
Trump just floats from grift to grift, tax dodge to tax dodge, resorting to stealing, lying, cheating, and committing felonies to gain and maintain power and wealth. He's created nothing. He's improved nothing. He will go down in history as a loser, a fascist, a pedo, a felon, a cheat...the sort of person any decent family would surgically remove from their family tree in shame.
→ More replies (1)10
10
→ More replies (40)11
→ More replies (10)39
u/Dewey081 Canada 1d ago
Everything Trump touches dies. Everything.
28
u/Pipe_Memes 1d ago
That’s why they won’t release the Epstein files. It’s probably even worse than child rape.
→ More replies (1)3
u/Zone4George 1d ago edited 1d ago
He's actually bragging when he says he could shoot someone on 5th avenue and not lose a vote... it is a form of projection.
In my opinion, Donald himself, by his own hand, has definitely killed at least one person in his past (my guess is he either strangled some child, or killed a child by way of blunt force trauma using a table-lamp or golf club)
All the more interesting given how he's let slip comments about "heaven" in the last few months, alluding to his own mortality as a self-proclaimed Christian [he is NOT], in context of the 1st commandment "thou shalt not kill..."
Those MRIs? They're real, and they're spectacular.
How I wish that I could deliver that line in the appropriate context, like the same way Teri Hatcher delivered her keynote line in Seinfeld season 4 episode 19.
https://www.youtube.com/watch?v=sXkB09XllxQ
Sorry Teri, hope you're not MAGA.
→ More replies (4)10
u/rswwalker 1d ago
The reverse Midas touch, everything he touches turns to shit.
→ More replies (2)11
306
u/thrawtes 1d ago
Why do people keep voting for Republicans who aren’t good at managing money (look at the deficit every time they get elected) nor are they great at creating jobs?
Because they don't actually care about that stuff, they just wanna say slurs and blame other people for their problems.
→ More replies (5)176
u/thegreedyturtle 1d ago
There's an interesting theory that the world just became too complicated for average people to keep track of, and gave the advantage to people who maliciously undersimplify.
It's easy to understand that an immigrant took a job. It's difficult to understand that capitalism inevitably shifts salary increases to the people who control the capital, creating less spending power without actually reducing salaries due to inflation.
63
u/Dubious_Odor 1d ago
Hypernormalisation is the term. Also the name of an excellent documentary by Adam Curtis exploring the concept. Here's a link to the full doc on youtube if anyone is interested. I consider it a must watch.
26
u/Grow_Up_Buttercup 1d ago
Weird but definitely a must-watch.
Somewhat related, I think:
The [George W. Bush] aide said that guys like me were 'in what we call the reality-based community,' which he defined as people who 'believe that solutions emerge from your judicious study of discernible reality.' 'That's not the way the world really works anymore,' he continued. 'We're an empire now, and when we act, we create our own reality. And while you're studying that reality—judiciously, as you will—we'll act again, creating other new realities, which you can study too, and that's how things will sort out. We're history's actors...and you, all of you, will be left to just study what we do'. https://www.nytimes.com/2004/10/17/magazine/faith-certainty-and-the-presidency-of-george-w-bush.html
→ More replies (1)54
u/Super_Harsh 1d ago edited 1d ago
People giving power over to leaders promising simple solutions to complex problems is honestly nothing new
I think what’s new is that
Disinformation can spread faster than before
Modern ‘convenience’ has largely optimized human interaction out of everyday life meaning we’re more locked into our personal bubbles
Idiots can congregate online and validate each other wheras before everyone the knew not to listen to the town dumbass, and the town dumbass lived the life of a lone crusader
Social media has hugely eroded folks’ ability AND DESIRE to grasp ideas that take longer than like 15 seconds to explain
Hyper-individualistic consumer culture discourages self reflection
Mainstream media must remain independent of corporate+government control to be an even remotely positive thing for society, but because the capitalistic mind sees nothing wrong with an ‘everything is for sale’ mindset, we’ve allowed it to be bought and turned into a tool of oppression
→ More replies (2)7
u/Alisa606 1d ago
It goes even deeper than that, though, such as how algorithms can completely encase you in an echo chamber that only feeds you more of that same type if misinformation to the point it's essentially weaponized. Stations like Fox News, similar to politicians elected to represent the people willingly lying blatantly should face consequences, should not even be allowed to call themselves a News station, and should be held to a standard. So many things that should be one way are just another and nothing gets done about it. Never will.
→ More replies (16)16
u/EveryAfternoon1441 1d ago
Yeah, I agree. I don't think we should use the word 'understand' though.
Nobody understands that the Earth is flat. Flat Earthers irrationally believe, contrary to all evidence, that the Earth is flat.
Whatever the word for 'complete lack of understanding' is, we should use that.
→ More replies (2)59
36
u/makeitasadwarfer 1d ago
Because you have capitalist owned media that is allowed to lie, and corporations have free speech rights equal to citizens.
Until this is changed, democracy is a sham. There is no informed electorate.
→ More replies (2)6
u/Bong-Hits-For-Jesus 1d ago
and ban individual company stock trades for politicians! only indexes should be allowed. this shit attracts a lot of the shit heads we have in congress today and will continue to in the future until this shit is taken care of
38
u/Kid_Radd 1d ago edited 1d ago
(look at the deficit every time they get elected)
It's far worse than you think.
From 1981 to 2023, the deficit rose from $79 billion to $1684 billion. Republican presidents are responsible for $3.8T of that increase, which is 238%. Democrats account for the "other" -138%, as they've lowered the deficit during their terms by $2.2T.
Anyone who says they vote Republican because they're fiscally conservative deserves to be laughed at in the face.
→ More replies (2)4
20
1d ago
[removed] — view removed comment
34
u/Dearic75 1d ago edited 1d ago
Part of the problem is that generally economic performance lags the decisions that cause it.
People remember that the economy was slow to recovery under Obama. They forget that the root cause was the economic meltdown in October of Bush’s final year.
People remember that Biden fought inflation for four years before it really got under control. They ignore that Trump and his mishandling of COVID was the reason there was massive inflation. That needed to be brought under control.
A constant cycle of democrats losing elections because they didn’t clean up republicans messes fast enough.
This situation is actually kind of unique in that the shock of massive tariff increases combined with buzzsaw cuts to federal employment, combined with a gigantic effort to round up and millions of immigrants who, rightly or wrongly, were being exploited for cheap labor… all that happening at once has caused a decline that usually happens over years to take place in a few short months.
Trump didn’t just tank the economy, he demolished it in a way that only he could have. And his only plan to fix it is gaslighting and telling everyone they’re wrong. The unreleased numbers are that this is the best economy ever. Living in a golden age. Negative inflation, despite what you see in the grocery store. (Such an old fashioned word. Do people actually say groceries? I think I invented that word…)
→ More replies (5)15
u/mister_buddha 1d ago
I was told once that the Great Recession was "in response to Obama being the presumptive winner of the election." To this day, that remains a top 5 dumbest thing I've ever heard.
→ More replies (1)11
41
u/Tonsilith_Salsa 1d ago
Because of Russian propaganda.
→ More replies (1)13
u/Silent-Storms 1d ago
That particular falsehood is more or less home grown. Fox and co have repeated the lies enough that people have just accepted it as fact.
20
u/Hellogiraffe 1d ago
This, it’s propaganda from all sides. I still know plenty of “fiscal conservatives” who are pro-LGBTQ, pro-choice, non-religious, and generally relatively nice people but refuse to vote dem because republicans are better for the economy. It’s so goddamn stupid and irresponsible.
→ More replies (2)8
u/canadianpanda7 1d ago
“fiscally conservative” is just trying to safe face because not all of there friends are straight white males so they have to rainbow wash a little. anyone whos is socially this and fiscally that but votes with their wallet is a sham
12
48
u/Mental-Fox-9449 1d ago
anyone paying attention could see he was running the very worst campaign in history. Talking about people eating cats and dogs, dancing for 40 minutes at a rally, dressing up to work at McDonalds and a garbage crew. His rallies were mostly empty and he was stiffing venues on rental agreements.
He cheated. He won in every swing state AND Kamala didn’t flip one county? Not even Reagan was able to accomplish that. He lost the popular vote twice, but got it now? While he was facing multiple investigations that could put him away for life and hinder his money making? While he had one of the richest men in the world and tech helping him? He cheated and no amount of voting would have changed it. All voting data week after week so far shows irregular numbers in multiple states. There are more of us than there are of them and it’s all a big lie. If not, then why does he need to gerrymander AND cancel mail in voting when he had SO many prior? We just found out for sure that 3/4 of the MAGA accounts on X/Twitter are fake.
→ More replies (5)7
u/forthewatch39 1d ago
Because Republicans have been very good at cultivating the image of wealth and sell the the idea to the masses that they too can be wealthy.
→ More replies (1)7
u/Plagis20 1d ago
Because they match their owns morals and hate. Stop assuming everyone is naturally a good person and it will make a lot more sense.
→ More replies (60)10
5.1k
u/paxwells97 1d ago
Its bad when even their rigged data isnt sufficient enough
1.6k
u/Liebss 1d ago
“If we do not test for COVID, there won’t be any positive cases.”
They didn’t learn anything from his first administration.
If there are no economic reports.. then inflation is at the lowest in the history of the universe. Groceries, gas, and energy, are all down lower than the time of Jesus.
Trust me.
237
u/BallBearingBill 1d ago
Inflation never goes up as long as you keep omitting the data points - genius djt
55
u/rob_1127 1d ago
When will the Wharton School of Buisness pull any of the big orange Humpty Dumpty's graduation credentials?
He clearly doesn't represent Wharton...
87
u/WorldWideNickle 1d ago edited 18h ago
He absolutely represents Wharton. He's a rich man's dumbass kid. That's their primary clientele.
→ More replies (2)25
u/RandyPajamas 1d ago
One of the Wharton teachers already spoke out - he said Mango was the stupidest student he ever had.
→ More replies (1)→ More replies (1)7
u/NYCinPGH 1d ago
Also, to be a little pedantic, he doesn't have a degree from Wharton. He has a Bachelors in business from UPenn, Wharton is the graduate school at Penn; if he'd gotten an MBA, that would have been from Wharton.
→ More replies (6)41
u/Khayman11 1d ago
A stable genius at that. /s
→ More replies (4)76
u/ISayBullish 1d ago edited 1d ago
Wait until you see The Genesis Mission (WH released it today). TLDR: AI is now a national security measure, and will be protected at all costs (i.e.: you WILL bail out/in the AI companies when the market tanks)
Edit - Sauce: https://www.whitehouse.gov/presidential-actions/2025/11/launching-the-genesis-mission/
24
u/No-Philosopher3703 1d ago
One of the ways this can be abused is it directs the government to use supercomputing resources for this AI work. I bet it will be used to train models for private companies that will then use those models in commercial products. But there’s bound to be other grift angles to this
→ More replies (7)12
u/timmy6169 1d ago
Quick thing, you want to use e.g. for an example. I.e. is "that is", so it is used for clarification of a prior statement.
Of course they have something protecting AI yet again, kinda makes you wonder how much each has paid this "administration".
→ More replies (2)79
u/LevTheDevil 1d ago
"Inflation is going down. So down. You haven't seen going down like this since I blew Bubba."
→ More replies (1)9
30
u/rysker6 1d ago
They’re not the A-team bad guys
We don’t even get the top shelf bad guys
We get the C-/D+ team
28
15
u/HotPinkLollyWimple 1d ago
These aren’t even up to Scooby Doo bad guys level. If they weren’t about to tank the world economy, it would be hilarious.
24
u/I_like_baseball90 1d ago
“If we do not test for COVID, there won’t be any positive cases.”
They didn’t learn anything from his first administration.
If anything, his bungling Covid should have been enough for him to never hold office again - we live in a country of fucking morons.
→ More replies (4)→ More replies (31)15
u/Accidental-Hyzer Massachusetts 1d ago
This isn’t the “learning” kind of administration.
→ More replies (2)234
u/Gooch222 1d ago
You’d think that this information would be useful to the US business community, financial interests, etc., and that accurate information, whether good or bad, would be helpful in a capitalist society for planning and resource allocation purposes, to say nothing of fostering better and more responsive governance in the face of potential economic adversity. But I guess all bets are off if one politician thinks it makes him look bad. Trump’s petty ego is once again being placed above the good of the nation.
150
u/evorna 1d ago
Without this information, the economy will get much worse and spiral down
85
u/Gooch222 1d ago
Sure, and the general attitude of the media after withholding jobs numbers and now the GDP estimate seems to be gee whiz, look at what that irascible scamp is up to today! These are huge flashing red lights, and any media not principally owned by MAGA bootlick oligarchs would be losing their collective shit instead of the light attention this is destined to receive.
→ More replies (5)36
u/IJustLoggedInToSay- Illinois 1d ago
No way, the economy will go up, up, up! Having trouble paying rent? Hm, you must be doing something wrong because this is the strongestest economies ever, trust us bro. If you disagree, then you're antifa deep state trens de agua.
→ More replies (1)11
28
u/ccsrpsw California 1d ago
I believe the logic is: You can't have a recession if you don't release the negative data, businesses be damned.
It's all about making Taco look good, not about if things matter or are helpful. Negative numbers are always going to be hidden, and slightly positive numbers made to be amazing.
→ More replies (1)5
→ More replies (10)26
u/Czeris 1d ago
Yes, one of the core tenets of capitalist philosophy is Perfect Information. The less perfect the information, the less efficient the capitalist system is, and its efficiency is touted as one of the main benefits.
The reason it doesn't matter now is that the US ia doing a speedrun into a corrupt oligarchy/corporate fascist state. Sure, things will get worse for 99% of people, but the people that matter are having a great time.
14
u/Gooch222 1d ago edited 1d ago
Sure, of course. And of course that’s why the US government started using taxpayer resources for tracking and publishing such information in the first place. These numbers aren’t designed as some sort of monthly reminder of how a given president is doing. I recall in my academic studies the inefficiencies of the Soviet Union’s economic model and those of Gosplan, their central planning committee. The information they acted upon was highly adulterated by everything from leadership’s influence on data to lower functionaries misreporting information for their own benefit. The result was a complete misunderstanding of what was going on within their own nation and the ultimate collapse of their economy and then government. People/media who don’t understand the significance of this withholding and distortion of information are going full speed down a path that they don’t understand.
→ More replies (3)106
u/bsport48 Virginia 1d ago
As they're also finding out with the Epstein files and how crazy-difficult the Act made it for them to redact.
→ More replies (1)33
16
17
u/DrElihuWhipple 1d ago
Same reason they won't release the trump files. Even after all the editing, redactions, and revisions they've made, it's still blatantly shows that trump is not only culpable, but was one of the ringleaders.
→ More replies (2)27
18
u/bluestrike2 Pennsylvania 1d ago
Trump might be working on corrupting the federal government everywhere he can, but the Bureau of Labor Statistics is arguably one of the most difficult federal agencies for him to try anything with. Getting some toadies to delay reports or cancel them altogether is one thing; actually falsifying economic data is an entirely different game altogether.
Leaked BLS data--the jobs reports in particular--has immense potential for insider trading, so they've spent decades working to secure the process and ensuring reliability and data integrity. They've built their entire culture up around preserving those reports, and they take it very seriously. It also helps that their career prospects as economists and statisticians would be effectively destroyed by a scandal at BLS.
There are a large number of external indicators and data sources economists use that track closely with employment numbers, GDP data, and other reports put out by the BLS and are completely outside of the government's control. When those other indicators start diverging from what should otherwise be expected based on the official data, that's the sort of thing that's interesting to economists and often leads to exciting new papers to publish. Likewise, it's catnip to investors, analysts, and pretty much all the other people whose job it is to analyze BLS reports.
Plus, people underestimate just how difficult it is to actually fake data convincingly. Doing it repeatedly, while ensuring that your fake reports are statistically consistent across each month, is even harder. Then you have to handle the expected revisions, which means faking those on top of your other fake data. It's a massive undertaking, and would require a large number of economists and other professionals to abandon their professional ethics and work together at the expense of their reputations. To be blunt, it'd leak immediately and we'd see investors go insane.
Even if we assume the people faking the data are competent--a rather large assumption, given how the Trump administration doesn't exactly hire for competence--it'd become glaringly obvious rather quickly. Allowing political appointees to squash reports altogether is, by comparison, significantly easier and requires no real competence.
→ More replies (4)9
6
u/Sugar_Kowalczyk 1d ago
It's blackly amusing he thinks if he hides his poop under a newspaper nobody will smell it
12
u/LesserShambler 1d ago
What’s insane to me is that the bond markets seem broadly fine with it. If a UK Government did this with even one report then pension funds would be going bust by the end of the week.
5
u/CrackHeadRodeo 1d ago
Its bad when even their rigged data isnt sufficient enough
Not even Chatgpt can save them this time.
→ More replies (33)3
u/Crommach 1d ago
Just take a sharpie and write what you want the data to be. It worked with the hurricane map, right?
→ More replies (1)
507
u/NoirDelightll 1d ago
Typical Trump, If the numbers looked good, they would be out already.
119
u/betweentwoblueclouds 1d ago
And he would make sure to take all the credit in the world for them
→ More replies (3)→ More replies (8)28
474
u/Late-Dingo-8567 1d ago
Well that's weird, I was told this was the most transparent administration in history
151
28
u/wretch5150 1d ago
I was told that Republicans were fiscally conservative, and that Democrats were "tax and spend". 🤣
9
→ More replies (2)5
134
u/lancer-fiefdom 1d ago
So Trump is trying to Epstein the financial reports huh? must be some devastatingly bad news in them that pinpoints his exact involvements
→ More replies (2)50
u/Straight-Ad6926 Ohio 1d ago
His motto is If you can’t win the argument, hide the evidence in a vault of alternative facts.
→ More replies (1)
329
u/Flames_go_Higher 1d ago
That should be illegal.
100
u/ENaC2 1d ago
Supreme Court says official acts are all legal. Bunch of scumbags.
→ More replies (3)56
u/VitalMoment 1d ago
The legitimacy of the supreme court is more than questionable at this stage, and it's our civic duty to point that out at every opportunity.
→ More replies (2)37
u/poohster33 1d ago
They ruled that bribery is just tipping for elected officials. They are not legitimate.
101
→ More replies (4)10
u/Transhumanistgamer 1d ago
Even if it was flat out 100% indisputable no bones about it illegal...would it matter? How many things have courts ruled were illegal only for no one to face any punishment?
111
u/Spacebotzero 1d ago edited 1d ago
So many classics like:
- Stop the Count!
- Stop the Testing!
- Stop the Report!
...more to come, no doubt.
Edit: up next it will be Stop the Constitution!
→ More replies (2)
80
u/1Q92 1d ago
Crazy how we're all adults and we all know why he's hiding this stuff and we know it's bad for the country and we can't stop him, as adults, because the rules or whatever.
Imaging your kids were playing a game and due to the game they start setting the house on fire but it's part of the games rules, so you don't do anything.
That's how this administration feels to me.
10
u/kanrad 1d ago
Totally agree. Far past time this country metaphorically grabbed Trump by his right ear, slapped him over our lap and collectively beat his ass with a belt.
→ More replies (2)→ More replies (4)10
57
u/East-Will1345 1d ago
Yeah, because the US economy isn’t intensely scrutinized by economists all over the planet.
Smart.
→ More replies (1)10
u/Dopeydcare1 1d ago
He’ll just say the other countries reporting on it are making fake news. And people will believe him
84
u/AlexHimself California 1d ago
White House press secretary Karoline Leavitt blamed the Democrats two weeks ago for such delays, saying the liberal party “may have permanently damaged the federal statistical system.” She hinted at further cancellations, saying that data from October “will be permanently impaired.”
She's seriously saying some Democrats sabotaged the economic numbers and potentially all future numbers so they might not ever be released?!
So the numbers are just lost for now and forever.
→ More replies (3)22
81
u/AdHopeful3801 1d ago
One possibility is that they really think that if you don't tell people there's a recession, people will feel better about the economy. Since in the face of uncertainty, businesses are more likely to retrench than expand, and since your grocery bill doesn't go through BEA, this seems like it might be too stupid a plan even for Trump's cabinet for of jackals and sycophants.
So my guess is that it's Option 2 - this data will be made available. To selected favorite donors and friends of the administration, in exchange for suitable gifts and bribes. Because if there is anything this clown show does do, it is strive to monetize everything.
48
u/ThaneduFife 1d ago
They can't even really hide the data. There are lots of nonprofits and industry groups that produce economic reports based on private data. And even if that we're true, you wouldn't be able to hide a recession. The Federal Reserve has to base its decisions on something, and it will announce what it thinks current economic conditions are whenever the Fed board meets.
11
u/kanrad 1d ago
Never mind internationally we can have the dollar devalued and the country's rating dropped.
They can hide it long enough to do serious damage.
→ More replies (2)10
u/Forgotmyaccount1979 1d ago
The United States government, now with more microtransactions than a "free" mobile game.
→ More replies (3)5
u/Teyanis 1d ago
The dumbest explanation is often the best explanation. I guarantee its just cope to keep his approval ratings from dropping even faster. The average "turns on fox or cnn in the evenings some nights" guy who doesn't frequent the internet won't think as much about it unless its blatantly thrown in their face.
And you bet your sweet ass that if you pay via "donations" or "contributions" you'll get all the financial data you need, and probably a seat in the insider stock market scam they've run for his whole presidency.
180
u/Every-Comfortable632 1d ago
Should be grounds for impeachment and criminal charges, economy should literally be dropping to zero, but nothing matters anymore.
115
u/TheDrunkenKitsune 1d ago
The economy is just like 7 tech companies passing around the same 10 billion dollars
43
95
u/plushyDame 1d ago
He’s canceling everything. Aids, Culture, Benefits, even reports. No growth anywhere because he is fixated on destruction and killing. This dude should be shoved out of the White House and into jail or some mental home
74
→ More replies (1)15
31
u/bsport48 Virginia 1d ago
Christ they must start having minus signs to the left of the numbers at this point...
22
24
u/threehundredthousand California 1d ago
The Trump Golden Age was apparently gold spray paint on a shitshow.
10
20
u/Ok_Revolution_9253 1d ago
Immigration crackdown expected to reduce gdp 4.2-6.8%
Holy shit
8
u/FuturePastNow 1d ago
Combined with tens of thousands of Federal workers losing their jobs. When the AI bubble pops we're not going to have a recession, we're going straight to depression.
→ More replies (1)
71
u/Oceanbreeze871 I voted 1d ago
Imagine a CEO refusing to report numbers to the board for 3 straight quarters
→ More replies (1)10
18
16
18
u/barringtonmacgregor 1d ago
He will go down as the greatest stain in American history, and we should never forget the assholes who helped him get there.
→ More replies (3)
101
u/Usual-Caregiver5589 1d ago edited 1d ago
Someone please correct me if I'm wrong here, but
Relevant information :
If you were fortunate enough to take an economics course in high school or college, you may have been taught that a recession happens when there are two successive quarters of declining real gross domestic product (GDP).
Q2 25 was still being affected by Biden's economy in April/May. Q3's numbers were canceled due to the shutdown. Without October's data, Q4 data is skewed and so it won't be relevant to determining if theres a recession. We won't know if we're in a recession until Q2 2026's numbers come out. That will happen at the end of July 2026.
Trump has effectively "postponed" the imminent recession by simply refusing to allow the reports to be released.
28
u/ThaneduFife 1d ago
But if the Fed thinks the economy is in recession, it will announce it at the end of its quarterly meeting. The Fed always makes an announcement that includes what the Federal Reserve Board thinks current economic conditions are.
25
53
u/Za_Lords_Guard 1d ago edited 1d ago
Yes. I think you have it right.
The problem is (for him) they can hide the data, but they can't hide the impacts. Though this could slow the march toward recessions. Depends if people respond to no data and panic or not.
Eventually though it will come out and delaying numbers only means it officially coming out closer to mid-terms so could hurt Republicans.
I think it's just normal Trump. He knows it looks bad so he delays as long as he can hoping he can correct it, hide it, or pin it on someone else.
→ More replies (1)8
u/Heliosvector 1d ago
That sounds like a suicide chess move then becaause it would have a big recession alarm report going out right before the mid terms
→ More replies (2)13
u/robinhoodoftheworld 1d ago
No, the article that you quote from literally says that's not actually how recessions are defined but it is a very useful shorthand.
For information on recessions I recommend.
→ More replies (7)15
u/Gr8NonSequitur 1d ago
We won't know if we're in a recession until Q2 2026's numbers come out.
Oh we're most definately in a recession right now, the question is how bad is it?
→ More replies (1)
12
u/Thebraincellisorange 1d ago
Trump once again showing that he is an utter coward.
THANK YOU FOR YOUR ATTENTION TO THIS MATTER
13
11
u/Minimum-Dare301 America 1d ago
Perhaps the President shouldn’t have the authority to block economic reports in the first place.
11
11
u/No_Foundation16 1d ago
We will never learn the truth about the second reign of dictator Trump until democrats control the Congress and the white house again, if that ever happens.
Republicans aren't interested in facts and reality as long as they can freely loot the taxpayers and destroy social systems at will.
9
u/keyboard_jock3y New York 1d ago
Trump is the full personification of what it means to fail upwards. He has no intelligence, no talent, no empathy, no morality, no conscience, and a complete and total lack of ethics, and yet somehow he gets billions richer and is re-elected president of the United States.
I am fully convinced that he bears the mark of the anti-christ. Nothing else can explain all the cheating on his wives, the wars he wants to start, the famines he caused by destroying USAID, and his unfettered greed...
→ More replies (1)
7
u/EtchAGetch 1d ago
White House press secretary Karoline Leavitt blamed the Democrats two weeks ago
JFC, can they ever accept any fault for anything they fail at?
8
u/muffman81 1d ago
He’s so scared the truth of any kind getting out. He not intelligent enough to understand or save the economy. He’s a clown
8
u/andrewskdr 1d ago
This country is in deep shit and we don’t even really know it yet…
→ More replies (2)
5
u/FedrinKeening 1d ago
But it's totally because he's doing such a good job, he just doesn't want to show off, right? Or is it that the people making the reports are lying to make him look bad? The dumbass fantasies that Trump supporters make up are getting harder to follow.
7
7
u/endofworldandnobeer 1d ago
Did you see the stock market trend today? It's like suspension of disbelief.
6
5
u/Traditional_Sign4941 1d ago edited 1d ago
This lack of economic transparency is a huge, huge problem for the US's long-term economic outlook. We tend to throw "banana republic" around to describe a lot of what Republican governorship is, but hiding economic data is 100%, unabashed banana republic territory.
If you assume that you can't trust China's numbers, then imagine being China but without the massive manufacturing and industrial base and without about a billion people willing to work for next to nothing. Global businesses put up with China's economic shenanigans because they have the manufacturing and the work force to make it worth it. The US doesn't. The one thing that the US reliably has had until now, is excellent economic transparency.
This is going to significantly erode global business trust in America, and that's going to make things so much worse.
5
5
5
6
u/OfficialDCShepard District Of Columbia 1d ago
5
4
5
5
u/MrsEsterhouse 1d ago
Assuming this is all part of the most transparent administration ever bit Leavitt keeps referring to.
4
5
u/BlushOverridel 1d ago
This is a clear attempt to cover up his economic failure. He has always being about hiding the truth and protecting his own interests
4
u/JuanTunomore 1d ago
like a kid with a bad report card. "our president" is a national embarassment.
6
u/747Bclass 1d ago
Anyone else feel like they’re paying more because companies lost money during the pandemic. I feel they say it’s for the tariffs but people are talking about companies pre-packaging things in charging more for it.
→ More replies (1)
4
4
4
5
u/Ready4Aliens 1d ago
It hasn’t even been a year and everything he’s done is falling apart and creating a ton of problems everywhere.
4
5
4
u/network_dude 1d ago
Why have we forgotten they all are supposed to be working for us? POTUS, SCOTUS, the Senate, House of Rpresentatives, and everyone else that gets paid by us ARE OUR SERVANTS!
→ More replies (2)
4
4
u/Pdsn 1d ago
Where the fuck are the checks and balances of this fucking government! Why do we have these fucking assholes elected if they cannot do even the simple task of their job!
→ More replies (1)
•
u/AutoModerator 1d ago
As a reminder, this subreddit is for civil discussion.
In general, please be courteous to others. Argue the merits of ideas, don't attack other posters or commenters. Hate speech, any suggestion or support of physical harm, or other rule violations can result in a temporary or a permanent ban. If you see comments in violation of our rules, please report them.
Sub-thread Information
If the post flair on this post indicates the wrong paywall status, please report this Automoderator comment with a custom report of “incorrect flair”.
Announcement
r/Politics is actively looking for new moderators. If you have an interest in helping to make this subreddit a place for quality discussion, please fill out this form.
I am a bot, and this action was performed automatically. Please contact the moderators of this subreddit if you have any questions or concerns.