Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News Editorials & Other Articles General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

Farmer-Rick

(12,533 posts)
4. And is this the truth?
Thu Jun 26, 2025, 09:31 AM
Jun 2025

I didn't see your post when I posted 617blue but great minds think alike.

I mean was it true when they previously reported as being much better or is this new reporting the truth? I know, I know, the Commerce Department gives out 3 estimates as a matter of routine. But ......................

Can we really trust anything the current administration is reporting? They have put in Nazis throughout the government and fired honest capable people. How deep does the rot go? How easily do Nazis lie for their dystopia?

Trump appointed his own Nazi as head of the Commerce Department. (Glad they stopped calling it the Department of Commerce and Labor, they never gave a crap about labor)

The current department secretary, Lutnick, was a fundraiser for Donald Trump's 2020 and 2024 presidential campaigns, as well as a vocal proponent of Trump's proposal to implement broad tariffs.

So....take whatever his department reports with a big grain of salt. Yes, they will lie for their ideology to look good. If they are reporting this downturn, how bad must it be for real?

Recommendations

1 members have recommended this reply (displayed in chronological order):

I Can Tell! OC375 Jun 2025 #1
People are terrified of what's happening Johnny2X2X Jun 2025 #2
Atlanta Fed had an estimate at like negative 2.5. They'll be cooking the Q2 books 617Blue Jun 2025 #3
It isn't uncommon for GDPNOW to be way off FBaggins Jun 2025 #14
The neg 2.5 was for Q1. My assumption 617Blue Jun 2025 #15
Interesting. Here's a snapshot from March 26 of GDPNow and the Blue-chip consensus of *Q1* GDP progree Jun 2025 #18
It was pretty eye popping. nt 617Blue Jun 2025 #20
And is this the truth? Farmer-Rick Jun 2025 #4
I've stopped buying anything but food and gas Ritabert Jun 2025 #5
That's about all I spend on also. llmart Jun 2025 #21
Exactly. I have more clothes than I need ... Ritabert Jun 2025 #23
It's Biden's fault. Gimpyknee Jun 2025 #6
If every quarter during Trump's entire term markodochartaigh Jun 2025 #13
You know who's economy did not shrink in the first quarter? Bev54 Jun 2025 #7
Also the Canadian 2nd quarter will moniss Jun 2025 #8
And likely to get much. much worse. Scared consumers, gov't spending / research cuts, healthcare cuts, lots of Exp Jun 2025 #9
The odds of Q2 being up are pretty slim jgmiller Jun 2025 #10
Correcting some misinformation in some replies. Two negative quarters is NOT the official definition of a recession progree Jun 2025 #11
Meh North Coast Lawyer Jun 2025 #12
And because of this an administration can convince itself that it is doing a good job... Ol Janx Spirit Jun 2025 #16
Huh? ProfessorGAC Jun 2025 #17
GDP includes investment which means salaries and capital expenditures. Bernardo de La Paz Jun 2025 #22
Makes Perfect Sense North Coast Lawyer Jun 2025 #24
Gee. I wonder why. Karasu Jun 2025 #19
Latest Discussions»General Discussion»US economy shrank much fa...»Reply #4