They're cooking the economic books to please Trump

[CC27]

indusurb (297 posts)

They're cooking the economic books to please Trump

Third quarter GDP numbers just came in, and they are much stronger than expected at 4.3% growth. Sorry, but that feels like a lie to me, what with inflation, the farm economy and our economy in general being tanked with tariffs, the double digit rise in bankruptcies over last year, the mass layoffs, etc.

Earlier this year when GDP and employment numbers came in that Trump didn't like, he fired the head of the BLS, not to mentionthe firings at that department in general. My opinion is that they've gotten the message and have been cooking the books ever since in order to please their boss and keep their jobs. They can get away with this for awhile, but sooner or later, probably sometime next year, it's going to become too obvious how bad the economy is for people to ignore, and no amount of cooking will help. Plan accordingly, a crash is coming.

https://www.democraticunderground.com/100220885894

Did or did they not "cook" the books when the dim wit in diapers Biden was in office... I remember the numbers always being revised...

[Ralph Wiggum]

Plan accordingly, a crash is coming.

If you truly believe that, I'd say cash out of the stock market (if you actually have any $$$ in 401k's, IRA's, etc.), and put your money where your mouth is.

The numbers are real, and they are spectacular (Seinfeld reference).

[SVPete]

Ah, yes, the standard response to good economic news Dummies don't want to hear or be heard.

Plan accordingly, a crash is coming.

Ummmmm, if the economy is tanked, what is there that could crash?

[ADsOutburst]

Ah, yes, the standard response to good economic news Dummies don't want to hear or be heard.

Ummmmm, if the economy is tanked, what is there that could crash?

DU’s response to facts they don’t want to hear is “Evidence? Who needs it? Thinking? What’s that?”.

[Airwolf]

Yes because the best economic advice comes from people who never spent one day in Econ 101 let alone balanced their own checkbooks.

[RonE]

MSM says tariff= financial ruin. Perfect fit for their ant-Trump mindset. So, we're all doomed. They're the "intellectuals" you know. No need to investigate further. They just know.

[SVPete]

New GDP Numbers Just Dropped, and Democrats Should Be Freaking Out

https://pjmedia.com/matt-margolis/2025/12/23/new-gdp-numbers-just-dropped-and-democrats-should-be-freaking-out-n4947430

Democrats just watched economic reality obliterate their favorite doomsday talking point. The U.S. economy grew at an amazing 4.3% annualized rate in the third quarter of 2025, blowing past expectations and handing the Trump administration a massive win heading into 2026.

“The U.S. economy grew at a much greater-than-expected pace in the third quarter, boosted by strong consumer spending, a delayed report released Tuesday showed,” CNBC reported Tuesday morning. “U.S. gross domestic product, a sum of all goods and services produced in the sprawling U.S. economy, expanded by 4.3% in the July-September period, the Commerce Department said in its initial reading of third-quarter growth. Economists polled by Dow Jones expect a gain of 3.2%.”

Maria Bartiromo underscored just how significant the number was on Fox Business. “We’re, we are looking right now at the GDP number at 4.3%,” she said. “This is the actual number, versus an estimate of 3.3%.” She then turned to Mark Tepper, CEO of Strategic Wealth Partners, for his take.

Tepper framed the report as part of a broader economic trend that has consistently surprised to the upside. “So, last week, we talked about inflation coming in lower than expected,” he said. “Now, economic growth is one full percentage point faster than expected. It was supposed to come in at 3.3, came in at 4.3. This is a direct result of everything President Trump has put in place.”

It's weird how the practical meaning of "unexpectedly" has reversed from what it meant during the OhBummer! MalAdministration.

[Zathras]

As I've always said when a DUchebag says something is happening or will happen the exact opposite will be what really happens.

[DefiantSix]

How's that old adage go?

Never take financial advise from somebody who's always flat broke.

"Flat broke" is about as apt a descriptor for the DUmp'Rats - individually and collectively - as I've ever heard.

[Ralph Wiggum]

Tangentially related:

Conservative states see lower inflation than liberal ones nationwide

An analysis from the White House Council of Economic Advisers finds inflation has been lower in conservative-led states than in liberal-led states over the past year, with the largest gaps in energy and transportation costs.

Reviewed by FOX Business, the analysis draws on year-over-year consumer price index data from the Bureau of Labor Statistics through November 2025 and finds inflation averaging 2.5% in conservative-led states versus 3% in liberal-led states.

Because there is no official state-level CPI, the CEA used regional inflation data and adjusted it based on each state’s population.

The inflation divide widens at the city level, with metro areas in conservative states seeing 1.9% year-over-year inflation, versus 3% in metro areas located in liberal states.

Energy inflation is one of the biggest drivers of higher overall inflation in liberal-run cities. In major metro areas such as Baltimore, Chicago, Los Angeles and New York, energy prices increased far more rapidly than in cities located in conservative states. Energy and transportation costs together account for much of the inflation gap between metro areas. When essentials like electricity, gas, and commuting get more expensive, households feel the impact quickly – even if prices rise only slightly.

https://www.foxbusiness.com/politics/conservative-states-see-lower-inflation-than-liberal-ones-nationwide-white-house-data-shows