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Ultimate Clemson Legend [105601]
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Clemson Icon [27325]
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You should have told 'flow'... He argued on BLS's behalf for almost a year.***
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Feb 13, 2025, 3:16 PM
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Rival Killer [3043]
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Eventually, Trump/Musk will corrupt the BLS and the FED as well...
Feb 13, 2025, 4:06 PM
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It's coming.
The BLS does a great job of summarizing key statistics. They provide timely estimates, and they transparently true-up previous estimates, too.
Don't expect whatever's left after Trump 2.0 to be even remotely the same.
If the BLS is MAGA-fied, we can survive that, because there are private entities that can do similar estimates.
But we can't survive if the FED is also corrupted by Trump. The last President who tried to strong-arm the FED was Nixon, and it created the inflation we saw in the 70's. We'll get a repeat of that in the 2020's, probably from the tariffs and harassment/persecution of immigrants. It's even more of a certainty if Trump polluts the FED.
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All-Time Great [89015]
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Wasn't the mid 70's double digit inflation caused by OPEC's stranglehold
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Feb 13, 2025, 4:34 PM
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on America's energy, and our inability to react quickly to rising gas prices?
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CU Medallion [20413]
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Ultimate Clemson Legend [105601]
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I would like to see this farmed off to a paid contractor
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Feb 13, 2025, 6:33 PM
[ in reply to Eventually, Trump/Musk will corrupt the BLS and the FED as well... ] |
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Maybe Wal-Mart or Target, or Costco? But really, it does need to be done by someone not $36T in debt without AS vested an interest in the numbers. I'm afraid what will happen is Trump will just come in and make it to his liking, and that's the worst thing that could happen.
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Clemson Conqueror [11249]
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Agreed that BLS represents a different type of problem than DoE EPA DoD etc
Feb 13, 2025, 7:19 PM
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BLS problem is either incompetence, corruption, or a blend of both.
I don’t see BLS as an organization fraught with wasteful spending. Sure, they might be overpaying for IT subcontractors, but that is peanuts stuff.
DOGE, to my understanding, is more about restoring efficiency and rooting out wasteful spending than it is about competency. Or even about corruption I.e., doctoring BLS and CPI figures to aid the political party’s personalities of their preference.
BLS desperately needs attention, but not DOGE style.
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Ultimate Clemson Legend [105601]
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Their numbers are not THAT far off, but they definitely lean at times.
Feb 13, 2025, 7:36 PM
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I'm scared Trump comes in, inflation jacks up to 5-6-8%, and BLS says CPI up 3.5%. Like now, inflation is legit down. Not "normal", in the contemporary sense. Normal though over the last century. The problem is inflation doesn't REVERSE. So the 20% we went UP, won't come back down, that's just baked in now to everything. So yeah, NOW inflation is 3% or whatever, but that doesn't erase the 20% it rose over 3-4 years. People don't understand this, nor think this way.
Like the SC gas tax. We were WAY below NC and GA for 20 YEARS in gas taxes. Our roads went to crap. Legislature raised the tax to match GA and NC. They told SC voters that will make our roads as good as NC and GA roads. THIS IS FLAT OUT WRONG. We spent 20 years in decline while their roads improved. We match their tax, and that only stops the rate of DECLINE relative to NC and GA. It doesn't mean our roads will get as good as their roads, only not decline any WORSE than we have now.
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Ultimate Tiger [34160]
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Paw Master [16777]
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Unemployment is way higher than reported***
Feb 14, 2025, 6:53 AM
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Ultimate Tiger [34160]
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This is a great example....
Feb 14, 2025, 9:15 AM
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(1) how in the heck do you know that and can prove it?
(2) an index/measure is just that...as long as the measure is consistent in its methodology, it paints a picture of how things are changing/have changed. In other words, the unemployment figure gives a picture of how the job market is changing. And it also isn't meant to be viewed in a vacuum...viewing the unemployment number without also looking at the labor force participation rate and a few others doesn't tell the whole story.
But folks that think like you like do dismiss it because you don't think it's "accurate"...but you can't say what "accurate" is and you don't understand the concept of the measure to begin with. And then in the next breath, you'll quote how unemployment and inflation was so low when your guy was in office...using the EXACT SAME FIGURES.
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Valley Legend [12867]
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Ive read this post 9 tiimes; still cant figure out whiskey TF youre talking
Feb 13, 2025, 10:14 PM
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About. Do you think musk is gonna influence the bureau of labor statistics? He’d have to understand what they do first.
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