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Last administration cooked the books on BLS numbers for nearly 2 years, issuing corrections and all that nobody paid attention to. They also redefined what a re
by penguin202 1y ago
Last administration cooked the books on BLS numbers for nearly 2 years, issuing corrections and all that nobody paid attention to. They also redefined what a recession is during the last administration.
Wasn't a news story then, but is now b/c trump.
- esseph 1y agoSeems like Trump is doing just fine creating a recession on his own.
- penguin202 1y ago[dead]
- scrollop 1y agoUntil the end of 2024 the US had an economy the world envied. At least, this allows Europe to rise, again.
- mountainriver 1y agoBecause of debt spending, everyone wants to act like we did something amazing. We didn’t, we just pumped in more debt and the economy went up. We are now even more in the red as a nation
- cman1444 1y agoYou are kidding yourself if you believe Europe will be an economic winner at any time in the not-distant future.
- listenallyall 1y ago...according to two U.S. based professors and editors at the Economist. I dont recall too many foreign leaders stating that they envied the American economy.
- topaz0 1y agotwelve pinocchios
- penguin202 1y ago[dead]
- spicyusername 1y agoTrump is incompetent at best (a crony at worst), a bull in the legislative China shop, and revels in drawing attention to himself... so it shouldn't be too surprising people are on high alert during his tenure and news headlines get more attention. Last administration cooked the books on BLS numbers for nearly 2 years I'm going to need to see a citation for such a claim...
- 0cf8612b2e1e 1y agoNot the GP, but here is an analysis of the BLS data arguing the opposite[0]. Short answer, BLS data gets revised all the time and the supposedly smoking gun revision that was used to justify firing the BLS head was not even in the top 50 most extreme corrections. https://www.natesilver.net/p/trumps-jobs-data-denialism-wont-fool https://www.natesilver.net/p/trumps-jobs-data-denialism-wont...
- penguin202 1y ago[dead]
- CursedSilicon 1y ago[citation needed]
- penguin202 1y ago[dead]