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Bernardo de La Paz

(57,521 posts)

4. Reflex cynicism is going to get worse. BLS are professionals, and no reports of zealots being parachuted in.

Thu Jul 31, 2025, 09:36 AM

Jul 31

Bessent, Lutnick, Hasset and even tRump know that businesses depend on accurate figures.

Interpretation (framing, naming, vocabulary, memos to media stenographers), ... that's the regime's specialty (aside from cruelty). So of course Hassett goes out and praises 3% GDP as confirmation of tRump's wisdom and brilliance; barf inducing toadiness.

But the real story is that the average of the two quarters is 1.2 to 1.25%, which is tepid growth. Which is believable.

Excessive cynicism is not believable.

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Highlight:

WSJ decries 'weirdest GDP report ever' as Trump's 'up-and-down' tariff policy takes hold [View all] BumRushDaShow Jul 31 OP

Despite living in a fifteen second society some things don't take effect immediately. Just wait. twodogsbarking Jul 31 #1

No figures released from this administration orangecrush Jul 31 #2

Haven't read the whole article, but it sounds like they're saying the economy is actually doing weird things, unblock Jul 31 #3

Reflex cynicism is going to get worse. BLS are professionals, and no reports of zealots being parachuted in. Bernardo de La Paz Jul 31 #4

"He" always questioned the Obama and Biden numbers. rickford66 Jul 31 #5

The national economy is like this washing machine. LudwigPastorius Jul 31 #6