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In reply to the discussion: The US economy grew at a 3.8% rate in the second quarter, significantly stronger than previously reported [View all]
ThreeNoSeep
(229 posts)24. Sure, blame our own
In February and March, the Commerce Department fired more than 20% of the employees across the department.
This Dollar Store Antichrist and his flying monkeys shat on the career professionals many months ago, and you have the audacity - no - that wasn't audacity - let me try that again. That was sheer unwillingness to comprehend an obvious situation. What sort of person shows a willful refusal to acknowledge the facts?
How can members of our own community keep shaming us for saying what is fucking happening right in front of our fucking eyes?
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The US economy grew at a 3.8% rate in the second quarter, significantly stronger than previously reported [View all]
BumRushDaShow
Thursday
OP
First thing I thought: U.S. Commerce Department is putting out these numbers, Lutnick doesn't want to be fired.
sop
Thursday
#2
It includes Libation Day (sp) in April, with front running & all kinds of unusual adjustments by corps to TACO.
Bernardo de La Paz
Thursday
#16
Awful that we have to wonder if official reports and stats are trustworthy. But there's good reason. And awful that
wiggs
Thursday
#5
The data for the next ten quarters is available and waiting to be released.
twodogsbarking
Thursday
#9
Yes, the economy is artificially boosted by AI capex (data centres, energy)
Bernardo de La Paz
Thursday
#19
They are moving to throw up data centres as fast as they can. There is construction, purchase of gas turbines, etc.
Bernardo de La Paz
Friday
#57
Thank you. As if not getting fired automatically makes a worker corrupt.
Bernardo de La Paz
Thursday
#34
Everything he said would prevent a political appointee from juicing numbers.
Bernardo de La Paz
Friday
#43
And when the reports are especially bad, like the last 2 payroll jobs reports, and the May retail sales
progree
Friday
#67
Agreed - although I myself learned long ago that going through the mental contortions required to willfully
Midwestern Democrat
Yesterday
#68
Reporting it accurately in Trump's maladministration and you are fired.
travelingthrulife
Friday
#49
The reported GDP numbers are inflation-adjusted, that's why it's called "real GDP". The nominal dollar increase was a
progree
Thursday
#36
The reported GDP numbers are inflation-adjusted, that's why it's called "real GDP". The nominal dollar increase was 6.0%
progree
Thursday
#37
Thank you for the info. So, tariffs could, at least partly, be distorting the numbers.
Doodley
Friday
#64
A major reason for the increase is actually a quirk in how the GDP is calculated.
Wiz Imp
Thursday
#33
Instead of trafficking in conspiracy theories about how everything is "fake" (it's not)
Wiz Imp
Friday
#50
nice, cnn! way to spin "inflation was even higher than previously thought" as a positive thing.
unblock
Friday
#54