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gtyellowjacket said:
The new commissioner wants to stop publishing monthly job reports because he thinks they are inaccurate and not valuable. He is objectively correct that the reports are inaccurate while not valuable is a harder case to make. Plenty of people rely on the data and understand that there's an inaccuracy.

He wants to improve the accuracy rate and then start publishing again. I think that's a reasonable plan but maybe not the best one.

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Why do you believe anything these people say? He doesn't want to stop publishing monthly job reports because he thinks they are inaccurate. It's because he was hired specifically for the purpose of doing whatever Trump wants, and what Trump wants at this moment in time is to suspend jobs reports. Again, not because he thinks they are inaccurate, but because he thinks they are unflattering.

The reason I think that this guy was hired to be a yes man is that there is no other rational explanation for making a guy with that resume the head of the BLS. Basically, they couldn't get anyone good who will debase themselves by saying whatever Trump wants, so they went with someone terrible.
 
Kraftyheel89 said:
Super, I realize that thanks to our politicized SCOTUS. Trump is allowed to do anything he wants as Prez.

But under normal circumstances, wouldn't the post by Trump to the public be obvious blackmail? Of course this type of thing goes on all the time in politics behind closed doors. It even happens within parties during negotiations.

I'm just curious if in a pre-Trump, pre-wacko world, if this obvious blackmail would have been illegal?
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Which post? The one where he is threatening Powell with a lawsuit? Technically that wouldn't be blackmail in any political environment. But if we step away from that specific word, I'm still not sure it would have ever been illegal, for a number of reasons -- including the fact that it's an obviously bogus and meritless threat.

It would, however, have been a massive scandal even ten years ago.
 
superrific said:
Why do you believe anything these people say? He doesn't want to stop publishing monthly job reports because he thinks they are inaccurate. It's because he was hired specifically for the purpose of doing whatever Trump wants, and what Trump wants at this moment in time is to suspend jobs reports. Again, not because he thinks they are inaccurate, but because he thinks they are unflattering.

The reason I think that this guy was hired to be a yes man is that there is no other rational explanation for making a guy with that resume the head of the BLS. Basically, they couldn't get anyone good who will debase themselves by saying whatever Trump wants, so they went with someone terrible.
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He doesn't have to be a yes man or change one bit. He has been writing complete bunk and economic spin for the Heritage Foundation. He was also involved in Project 2025. So it is already his schtick to present the most favorable interpretations for Trump as possible in the best case scenarios. And he flat out lies and makes up his own numbers, or focuses on irrelevant ones, in the worst cases.
 
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Very, very curious choice of art that Trump's new BLS nominee has on his office wall. Yes, that is the battleship Bismarck. Yes, the battleship Bismarck was the flagship of Nazu Germany's Kriegsmarine during World War II before it was sunk. Yes, the Bismarck was Adolf Hitler's favorite warship in the fleet.

Here is the link to purchase (12 sold in the last 24 hours, apparently!): German Battleship Bismarck Wall Art Canvas Printing Decor

Real-life picture of the Bismarck. Note the rounded primary gun turrets that were trademarks of the Bismarck and her sister ship, the Tirpitz (I'm a World War II naval history nerd):

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CFordUNC said:
1755093188862.png
1755093597690.png

Very, very curious choice of art that Trump's new BLS nominee has on his office wall. Yes, that is the battleship Bismarck. Yes, the battleship Bismarck was the flagship of Nazu Germany's Kriegsmarine during World War II before it was sunk. Yes, the Bismarck was Adolf Hitler's favorite warship in the fleet.

Here is the link to purchase (12 sold in the last 24 hours, apparently!): German Battleship Bismarck Wall Art Canvas Printing Decor

Real-life picture of the Bismarck. Note the rounded primary gun turrets that were trademarks of the Bismarck and her sister ship, the Tirpitz (I'm a World War II naval history nerd): 1755093452346.png
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It is just irrefutable that this admin is normalizing Nazis, and fascists in general.

The breaking of that fever will eventually happen (i.e. suppressing it back into the fetid bowels of human psychopathology and social norms), but it’s going to be a nasty, nasty process, and take a long time - likely decades.

Get familiar with your local mutual aid groups, because government isn’t a friend in your future time of need.
 
heelinhell said:
The Treasury Secretary says the rate cut needs to be 150-175 basis points lower which would put the Fed rate somewhere around 2.5-2.75%

I'm not an economist but with inflation trending to 3% , don't you want to keep the Fed rate below the inflation rate ?

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Again, I'm not an economist, but isn't providing cheap money to the investor class the best way to fight inflation and improve the lives of working and middle class families ?
 
gtyellowjacket said:
I think this is a bit of a mischaracterization. The new commissioner wants to stop publishing monthly job reports because he thinks they are inaccurate and not valuable. He is objectively correct that the reports are inaccurate while not valuable is a harder case to make. Plenty of people rely on the data and understand that there's an inaccuracy.

He wants to improve the accuracy rate and then start publishing again. I think that's a reasonable plan but maybe not the best one.

He does want to keep publishing the more accurate quarterly jobs report.

The White House was asked and they said that the intention was to keep publishing the monthly job reports.

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Do you ever get tired of being so credulous in the face of such obvious bad-faith justifications from the current admin? You are constantly giving the benefit of the doubt to an administration that constantly demonstrates that it does not deserve it. At some point you can't possibly be this gullible, which is why people think you do this as an act.
 
heelinhell said:
in my best Sally Field voice...

Rodo, you get me ! You really get me !!
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(y) I can see the economic argument for cutting rates right now. But doing so would be like diverting the Mississippi River into the swamps MAGA claims to be draining. Might be good for the overall economy. Would be outstanding for the investor class. Would not help the MAGA base in the slightest.
 
rodoheel said:
Do you ever get tired of being so credulous in the face of such obvious bad-faith justifications from the current admin? You are constantly giving the benefit of the doubt to an administration that constantly demonstrates that it does not deserve it. At some point you can't possibly be this gullible, which is why people think you do this as an act.
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That doesn't seem that bad faith to me or at least the labor commissioner's explanation doesn't seem bad faith. There are obvious problems with the monthly jobs report. And he is still planning to publish the much more accurate quarterly jobs report. It's not like the data is never going to come out.

The Trump White House on the other hand... I don't necessarily believe what they have to say.
 
gtyellowjacket said:
That doesn't seem that bad faith to me or at least the labor commissioner's explanation doesn't seem bad faith. There are obvious problems with the monthly jobs report. And he is still planning to publish the much more accurate quarterly jobs report. It's not like the data is never going to come out.

The Trump White House on the other hand... I don't necessarily believe what they have to say.
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Come on man. The whole reason the Trump administration fired the last BLS commissioner is that it was mad the monthly reports made it look bad. No one with a brain thinks that her firing had anything to do with some wonkish dispute over whether monthly job reports are accurate. Everyone with a brain understands that if the monthly job reports and revisions made Trump look good, they would be staying. Everyone with a brain understands that this guy is being put into his position to do whatever he can to create or massage data that instead makes the administration look good. He's a Heritage Foundation and Project 2025 veteran and there is zero reason to believe he will do anything than exactly what the administration wants him to do. So if you don't believe the Trump White House you have zero reason to treat credulously anything said by the people who are taking their orders from the Trump White House.
 
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