Maddow warns of likelihood of Trump admin cooking economic stats to hide poor performance - Rachel Maddow - MSNBC

[Rhiannon12866]

Rachel Maddow points out a suggestion made by Commerce Secretary Howard Lutnick on Fox "News" that he could change the way economic data is calculated in order to make the shortcomings of the economy under Donald Trump look better.

Jared Bernstein, former chair of the White House Council of Economic Advisers, joins to discuss the vital necessity of accurate economic data, and his concerns about Trump disbanding the Federal Economic Statistics Advisory Committee and the Bureau of Economic Analysis Advisory Committee, two agencies devoted to assuring the accuracy of economic data. - Aired on 03/05/2025.

[rampartd]

1. all features of trump's bending the fabric of reality

any number trump says should be viewed with extreme skepticism.

the definitions of economic variables are from keynes general theory and are readily understood by policy makers and investors around the world. changes will be obvious to them.

fox journalists will say what they are told.

[Rhiannon12866]

2. How many businesses did TFG manage to bankrupt?? And now he has access to the largest economy in the world??

Who came up with that idea??

[rampartd]

3. for all his faults, trump was incapable of executing the plan last time

"whoever had that idea" has used trump to give musk access to that economy.

the plan is obvious by now : hostile takeover and sell off as private equity. when this is over we people will have nothing left except a worthless "strategic bitcoin reserve" and a $100T debt.

[Rhiannon12866]

4. Well said. And not only that, but we will have lost all of our traditional allies in the world.