When the labor statistician was fired for not reporting numbers that Trump wanted reported, I wondered how long it would be before all government economic reports became unreliable. I think this is the moment.
https://www.theguardian.com/business/2025/dec/23/us-economy-gdp-third-quarter
Posted by Onyourmarkgetset100
12 Comments
I haven’t believed them for quite some time
Isn’t it sad.
You can’t believe anything that any branch of the Federal government says anymore.
Think about it.
What branch can you trust today?
Annualized..
Fill the air with shit and no one will know what to believe.
Steve Bannon on how they would beat Hillary in 2016.
Anyone with a brain stopped believing our government decades ago.
It does seem reasonable that GDP would be up if everything is more expensive. GDP however is not a measure of individual financial health.
Yup and I said this last week on this sub and was downvoted to hell when I said the unemployment and underemployment numbers were lies.
You cannot trust them and the BLS numbers aren’t going to have the full picture because of capabilities in the first place
Except that independent data backs it up. None of the expected economic implosions that were expected have materialized. That said, it doesn’t mean that they won’t. The economy under this administration is going sideways, but it’s also the US economy, which is a battleship. It takes a long time to turn. It will turn. Every conceivable measure undertaken to make sure most people can live at least semi-comfortably is being stripped away under this administration. Most people just don’t know it yet.
Imagine believing government economic reports for the last 25 years.
I remember when I first learned how to ride a bike. 🤣
Wow… More lies… Who would have guessed?
All the GDP is in the AI mania and data center buildout. That is why we are not feeling it. We will certainly be feeling it when our electricity prices skyrocket, there is no water and the value of the dollar drops again.
Even though the stock market is going up, gold is going up faster which means on a daily basis even rich Americans are getting poorer, unless maybe they are goldbugs. For once they got it right.
If we carry those 2025 trends into 2026 along with gross government overspending and budget deadlock no good can come of it.
Yeah
It was largely pushed by electric vehicle sales – buy before tax write offs expired