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Yes Trump, famous for his good data and not lying at all, is going to do a great job creating a BLS that's transparent and uses good data. /s
U.S. added 911k fewer jobs in year through March than reported earlier
231–240 of 514 posts
Re: U.S. added 911k fewer jobs in year through March than reported earlier
#232Given that Trump recently fired his head of labor statistics, because he didn't like what was being reported, I'd take this with a grain of salt. Presumably whatever numbers are now being released are whatever "alternate facts" he wants to put out. There could be various reasons Trump wants to report bad numbers, such as pressuring the Fed to lower rates, or to establish a horrible baseline from which he can then rep…
> There could be various reasons Trump wants to report bad numbers, such as pressuring the Fed to lower rates, or to establish a horrible baseline from which he can then report improvement on by the midterms.
Trump doesn’t play 3D chess like this, he just doesn’t. This is just him failing to have the iron grip he wants to have over things. Perhaps he’ll fire more civil servants in response, or he’ll get distracted by something else before he can do so.
Re: U.S. added 911k fewer jobs in year through March than reported earlier
#233Earlier quoted context omitted.
The bad news is that we're only one year into the 4 years of bad policy(if we're lucky) and the policy itself will probably continue to get worse
We survived with 30% inflation ok key goods during the Biden years due to endless spending, we’ll survive this one too. You’re welcome to short the market though if you feel strongly otherwise
Luckily, fiscally responsible Trump is coming in to stop all this deficit spending... oh wait.
Re: U.S. added 911k fewer jobs in year through March than reported earlier
#234Earlier quoted context omitted.
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Its hard to ascribe individual responsibility in that way when the only two choices were existentially awful. "You elected an idiot president...", the choices were Communism, or Fascism; which is recoverable and better for people. Certainly not the former, but to be clear neither are a real choice when you vote for democracy, and not voting is a vote for both fascism/communism at the same time. Such was a similar fai…
> the choices were Communism, or Fascism
Which was which? I see both right now.
Re: U.S. added 911k fewer jobs in year through March than reported earlier
#235Earlier quoted context omitted.
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you're getting the karma for calling Harris a communist not for making the very normal observation that first past the post is a bad system Harris was promising to be tough on border and crime and to expand the military, she was basically a bush Republican
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Re: U.S. added 911k fewer jobs in year through March than reported earlier
#236Earlier quoted context omitted.
The good news is that these economic problems are entirely the result of bad policies and can be reversed. If we were to also raise broad based taxes, it would allow the Fed to cut interest rates, stoking long term investment, loosen up the housing market (which would allow more people to move), lower the Federal deficit, and improve the trade balance (as if that actually mattered).
I don't believe it's entirely the result of bad policies, but you also left if vague. Which bad policies are entirely causing this in your opinion?
For starters we have cancelling and ripping up clean energy projects, introducing serious uncertainty about tarrifs, increasing unease for any immigrant (and even non-white citizens).
Re: U.S. added 911k fewer jobs in year through March than reported earlier
#237Earlier quoted context omitted.
The good news is that these economic problems are entirely the result of bad policies and can be reversed. If we were to also raise broad based taxes, it would allow the Fed to cut interest rates, stoking long term investment, loosen up the housing market (which would allow more people to move), lower the Federal deficit, and improve the trade balance (as if that actually mattered).
And then we have Japan, which has spent 30+ years in the economic doldrums. What I'm saying is that these types of systems have "inertia" and can be exceptionally long lived in their 'bad' state, regardless of the policies used to try to get them out of that state.
No they enjoyed 30 years of stable prices and relative happiness. Government pushes a fiction prices must rise so everyone works harder.
Re: U.S. added 911k fewer jobs in year through March than reported earlier
#238Earlier quoted context omitted.
Democrat nominations are voted on by large numbers of people.
Superdelegates hamstrung the process. Kate Brown for instance, the governor of Oregon at the time (who btw was an unelected governer during that term, as her predecessor had stepped down) voted against the will of her constituents for Hilldog -- Oregon had overwhelmingly supported Bernie. Let's not forget some of the caucuses in other states which were outright rigged. An auditorium blew up for Bernie but the presidi…
There's a number of things going on here, but the short of it is that to become the democratic nominee you need to convince a whole bunch of people, including some super delegates. Hillary Clinton did a better job of this than Bernie Sanders.
How she did it could probably be the subject of an entire book, but no one has ever come up with any particularly scandalous stories about it so far.
Re: U.S. added 911k fewer jobs in year through March than reported earlier
#239Earlier quoted context omitted.
You're right, I don't think that part is meant to be controversial.
The department of labor has a methodology that gives an early number that tends to get revised. They have been doing it the same way for a long time and it would not be controversial, except the business press with too little news to report makes a big deal about it with very little context. So its, like jobs increased 200k (not saying +/- 200k is the error bar). It would be good for everyone if people who are not pr…
Serious question: employers presumably also use DoL numbers to decide whether to invest or cut. Could incorrect initial numbers lead to a self-fulfilling spiral?
Re: U.S. added 911k fewer jobs in year through March than reported earlier
#240Earlier quoted context omitted.
Its hard to ascribe individual responsibility in that way when the only two choices were existentially awful. "You elected an idiot president...", the choices were Communism, or Fascism; which is recoverable and better for people. Certainly not the former, but to be clear neither are a real choice when you vote for democracy, and not voting is a vote for both fascism/communism at the same time. Such was a similar fai…
I am legitimately surprised that someone who can write complete and cogent sentences believes that a vote for one of the two presidential candidates was a vote for communism.
These days, any sort of tax on the wealthy at all is seen as full blown communism.