Are Americans supposed to think that the Trump administration canceling the release of economics reports is somehow a good sign for the economy?
The Bureau of Economic Analysis announced Monday that it had officially canceled releasing the advance estimate on gross domestic product (GDP) for the third quarter of 2025. The Trump administration had previously delayed the release, which was initially slated for October 30, due to the government shutdown—but now it seems to have been abandoned altogether.
Last week, the Labor Department called off releasing its monthly jobs report for October, and the Bureau of Labor Statistics scrapped its own report on inflation.
Trump has fired 300,000+ federal workers, shut the entire federal government down for 40 days, dramatically increased prices for most everything by imposing his tariffs, caused a catastrophic collapse of farm and other exports, and allowed huge increases in heathcare insurance premiums.
We’re heading for a serious and deep recession and the economic data that Trump’s hiding shows that.
We’ll be lucky if it’s just a recession.
Hiding the data will prevent the market from reacting appropriately and self correcting. It’s very likely it will overcorrect. Combined that with trump’s incompetence and we have a high chance of getting to watch the economy go off the rails at full speed.
On a positive note: imagine how large scale and resilient the US economy is to not yet be nose first in the ground already. Don’t mistake me, it’s bad and heading that way, and lots of damage and people have been hurt, but even the bankruptcy king who can ruin businesses that run themselves couldn’t immediately tank it.
It’s like the bull ran through the china shop a few times, and while there’s debris on the floor, there’s still a lot that hasn’t been knocked down. Oh wait, here he comes through again…
I’m actually surprised things are happening so fast. We’re only 10 months in and it took Trump a few weeks to start his rampage. Even in this short amount of time he’s done enough damage to force him to block the release of economic data that has been standard fare for decades. In another 10 months the downturn is going to be so widespread and apparent that even the Republican propaganda machine and Trump’s pathological lying won’t be able to cover it up.
He spent 4 years damaging it and between him and the pandemic it still hadn’t recovered resilience.
We can hope. Then maybe, just maybe, the American voters will come out and do something for a change, instead of whining about the candidates and a war on the other side of the world.
Disenfranchised citizens seeking representation in government.
Genocide
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the only reason you think that is the gdp which looks okay because of the financial markets AI Hype and maybe the Defense Systems Industry.
The actual economy: Groceries, Services, both public and and private, healthcare and Infrastructure in general are all very much nose first in the ground.
Business is not Economy
BUT LINE GO UP
MythBusters showed the expression bull in a China shop is not accurate because the bull did not actually break anything
It really shows how delusional and untethered the national casino that is Wall Street is. They will keep partying until the boat is fully underwater.