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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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www.washingtonpost.com
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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.
 
rodoheel said:
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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💯
 
Kraftyheel89 said:
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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Thanks. I'd never heard of this guy before now.
 
CFordUNC said:


Republicans have become a bunch of Marxists!
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So much federal overreach into business, trade, economy, education, states, local city governments, etc..

Technically, government control over business, education for PROFIT is National Socialism (Nazi)...but the effect is the same.

Whatever it is - It certainly isn't conservatism or traditional Republican policies.
 
Duke Mu said:
So much federal overreach into business, trade, economy, education, states, local city governments, etc..

Technically, government control over business, education for PROFIT is National Socialism (Nazi)...but the effect is the same.

Whatever it is - It certainly isn't conservatism or traditional Republican policies.
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I'll go with "fascism".
 
rodoheel said:
This is what you get from 45 years of pointless tax cuts, mostly benefiting the rich.
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And I always like to get back to the State of NC.. we are talking about giving up like 40 Billion in total Stae and Federal Revenue since they took over .............Most avg folks save like $150 a year
 
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