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.

  • spaghettiwestern@sh.itjust.worksOP
    81·
    3 months ago

    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.

    • Rhaedas@fedia.io
      27·
      3 months ago

      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…

      • spaghettiwestern@sh.itjust.worksOP
        28·
        3 months ago

        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.

      • BanMe@lemmy.world
        2·
        3 months ago

        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.

    • Clent@lemmy.dbzer0.comEnglish
      2·
      3 months ago

      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.

  • Dagnet@lemmy.worldEnglish
    28·
    3 months ago

    Just sweep everything under the rug and pretend it’s not there, what is the worst that could happen?

  • iz_ok@sh.itjust.works
    22·
    3 months ago

    What? I haven’t gained a tremendous amount of weight doctor. I threw out our scale months ago. The one you have here has been recalibrated by the radical left. 215lbs forever.

  • dermanus@lemmy.caEnglish
    21·
    3 months ago

    This is the same guy who said if you stop covid testing, the numbers go down. I’m not sure I would trust any numbers he published anyways.

  • AmericanEconomicThinkTank@lemmy.world
    20·
    3 months ago

    Fun little fact:

    During mortgage security and global meltdown, the actual, direct drop in economic valuation due to mismanagement, poor underwriting, etc. wasn’t the cause of the lions share of the overall drop.

    Trust was.

  • manxu@piefed.socialEnglish
    18·
    3 months ago

    That’s an incredibly dangerous move. Even bad numbers would just be an embarrassment for the President. But not releasing the numbers forces everyone to assume they are the worst case scenario possible, which could make for absolute market panic.