Maddow warns of likelihood of Trump admin cooking economic stats to hide poor performance

Rachel Maddow points out a suggestion made by Commerce Secretary Howard Lutnick on Fox News that he could change the way economic data is calculated in order to make the shortcomings of the economy under Donald Trump look better. Jared Bernstein former chair of the White House Council of Economic Advisers, joins to discuss the vital necessity of accurate economic data, and his concerns about Trump disbanding the Federal Economic Statistics Advisory Committee and the Bureau of Economic Analysis Advisory Committee, two agencies devoted to assuring the accuracy of economic data.

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[Daneil-de-Bosola]

My family and I run a smallish (~25 employees) family firm that used to source a lot of our stock from The US. As of yesterday, we have finalised the cancelation of all our supplier agreements with the companies in The US that used to provide us with stock (physically small and light items, easy/cheap to ship). All our orders that used to go to US companies now go to our partners in Mexico and Europe. As noted, we are not a large firm and our US orders totalled under $5 million a year, but we're a small firm that's only one of thousands of firms doing the same thing. You Americans did this to yourselves- no sympathy!

[tmadsam]

OMG, they'll try anything! He keeps proving over and over that he will flout the law wherever and however he can!!!

[audreyplaysnice]

People uneducated about economics should not be messing around with national economic decisions.

[JTBFReal]

Unbelievable how emboldened they are, thank supreme court

[philhmp]

Cooking the books is something Trump did brilliantly at the Trump Organisation. Just ask his accountant sitting at Rikers island for tax evasion and finance fraud.

[Cynthiajay]

Remember the early days of COVID?
He argued bitterly against letting the sick off a cruise ship, because he did not want to count them in the # of cases in the US.
"They make my numbers" (MY NUMBERS!) "look bad".

[leoruocco]

When the economy crashes WHO MAKES A TON OF MONEY.follow the money.

[Ddax-tdqy]

Shades of: "Don't let that cruise ship dock; it'll add to the numbers!"

[bzxshormpts]

Trump and those who voted for him are being laughed at by the rest of the world. Honestly how could anyone vote for this fool. Unbelievable

[tangomike]

Who will ever invest in America anymore?
Besides the fact that Trust in America declines faster and faster already.

[StillLateToTheParty]

They could change how rainfall is measured and tell everyone the weather’s fine, but that won’t stop people from looking out their own windows at the rain…

[MarleneNsgaard-bjgt]

I am so amazed, that you look into all this and report to us all every day, apparently without having pulled out all of your hair in frustration and despair.
Please stay strong and safe.
Love from Scandinavia ❤

[noplanetb]

Cooked books, control of media, eliminate any political scrutiny.... dark times ahead

[contextmatters]

Hold up!
Wasn't Orange Man prosected/convicted for COOKING THE BOOKS?

Who's surprised? Anyone?

Criminals do what criminals do..
Especially grifters. 😳

I'll add this observation;
Too many of the population say they don't keep up with politics, the very things that impact their lives the most.

"If you do not take an interest in the affairs
of your government, then you are doomed
to live under the rule of fools."
-- Plato

We, as a society, has to take some responsibility for the current state of affairs..🤔

[emanuelmota]

Every day this just keeps getting worse. This country will not survive another four years with this madman at the helm.

[SamadPathan_.]

This happens when you mix narcissism incompetence and corruption.

[ReturnToSenderz]

It’s giving, “If you don’t test, you don’t have any cases.”

[nelsonassioc]

Two quarters of negative GDP is a rescission... Four quarters of negative GDP is officially a Depression!

[charlesmartin]

From GDP growth, to a shrinking GDP...yes sireee Trump's back.

[patriciawilson]

Recession in 2-3 months;
DEPRESSION IN 5-6 MONTHS....
YUP THAT DEPRESSION 😢😢