Donald Trump’s contentious decision to fire the U.S. statistics chief has done little to stem an economic slump, with the latest jobs report showing only 22,000 jobs were added in August - well below expectations. One month after Trump sacked the Bureau of Statistics Commissioner Erika McEntarfer in response to weak job numbers, the unemployment rate rose to 4.3 per cent, the highest since 2021.
The ironic thing is, a lower employment rate increases the chances the Fed will reduce interest rates, which is exactly what Trump wants. He is working against himself trying to rig the numbers, and creating a situation where rates can get significantly out of sync with the real economy.
Because the dude has no concept of what reality/truth is. We just all have to live in his fucked up head canon of how the world works.
To be fair that’s pretty much always been the case throughout history, we’re just seeing one far edge case where perceived vs actual reality differ more than they usually do for the guy in charge.