The guy was fired for reporting accurate economic data.
How do you invest when the administration is trying to report numbers that only make them good look and ignore reality?
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This is not a surprise. Letâs recall he wanted to improve the number of COVID cases by not testing for COVID. All numbers are just golf scores to be manipulated to support whatever claim he wantâs to make.
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The dude is a dudette.
Worst golf cheat ever. Or we can look at the way he crunched the numbers at his businesses.
But, whatâs the worst that could happen? I wonder what the macroeconomic effects of nuclear war will beâŚ
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Nothing new under the sun department. #43 was trying to push the Medicare pharma plan, which was designed to be a handout to insurance companies and PBMs, through Congress. He was getting pushback from deficit hawks, and assured them it wouldnât cost any more than, iirc $445B over 10 years. Meanwhile, an actuary in HHS was coming up with a number significantly bigger. The actuaryâs boss, who had received an ethics code waiver from the HHS Secretary to seek a job as a drug industry lobbyist, ordered the actuary to not disclose his findings. #43 pushed Part D through Congress. A day or two after he signed it into law, he announced that, oh, by the way, itâs going to cost a lot more than he promised everyone it would.
Steve
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In an astonishing economic turnaround, Donald Trumpâs Labor Department announced the addition of 30 million jobs to the American economy in its August labor market report, by far the largest single-month gain on record for U.S. non-farm payroll employment.
The previous record was 1.4 million in August of 2020, an astounding 2,143% increase.
Last month, Trump fired Erika McEntarfer, the former U.S. Commissioner of Labor Statistics, after the July report showed a paltry 73,000 jobs added to the U.S. economy, which Dr. McEntarfer oversaw in her capacity. Trump accused her of manipulating the numbers for âpolitical purposes.â
She has not been heard or seen in public since.
This also shatters the record for total jobs added by any presidential administration, completely overshadowing Bill Clintonâs 23 million jobs over eight years, Joe Bidenâs 16 million jobs over four years, and Barack Obamaâs 11 million jobs over eight years.
Thirty million is roughly the total population of Texas. In one month.
âPresident Trump is, um, truly the greatest economic genius in history,â said a Labor Department economist from behind the podium in the White House Press Briefing Room, sweating profusely, occasionally stuttering during his remarks, while White House Press Secretary Karoline Leavitt glared at him from behind.
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All of a sudden, my VGK, VXUS and BNDX are looking better and better.
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iirc, it was August 2020 when âhimselfâ had BLS jiggle how it measured unemployment, without restating the previous periods with the new methodology, so there was no context. Then, of course, the much larger jiggling of numbers the following November.
No-one should be surprised that we pick up where we left off, five years ago, jiggling numbers.
Steve
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This to shall pass
Like a kidney stone from hell
Midterms
See the money lead in the nyt today. 200 m to 2k
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I have noticed something over the last few days. Suddenly, my FB feed is full of âsuggested pagesâ from entities and people who are, letâs say, not entirely supportive of the regime. I immediately block every page.
Steve
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Do you think you will be put on a watchlist if you visit those pages ?
FB is a strange place. I do use it to stay in touch with remote friends and family, so I like that. But I get blitzed with ads based on what I view, so obviously FB has matched up my viewing tastes with people/companies selling stuff in that space. I find that annoying and intrusive, but hey, I can just quit going on FB. But it does not seem like a stretch that the current regime is monitoring the channels, perhaps scanning for any negative opinions on the regime. I sure wouldnât put it past them.
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Bold of you to assume weâll be having midterms.
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I donât doubt there will be midterms. As said in another thread, itâs a matter of who counts the numbers.
Steve
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I saw Zuckerberg at the inauguration. Why would he be there, other than to zuck up? The CBS affair made it clear, âsomeoneâ wants to know/control what is being said.
Steve
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If you arenât paying for a product, then the product is really YOU. Thatâs the FB model. Algorithms to deliver you content, and advertising, that keeps your eyes affixed. All the data they keep on you would not be secure from the Administration, especially as Zuckerberg seems to either be a supporter, or at least is bending the knee.
I deleted (EXPUNGED) my FB account in 2016. I donât miss it. Initially it was weird not checking it every day or two. But I got over it pretty quickly.
They donât make it easy (or they didnât at the time). You have to drill down into the correct menus to find the âdeleteâ option, as opposed to simply âclosingâ the account.
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I permanently deleted my FB account in early January 2025 when Z bent the knee. I miss the contact with friends from my childhood back home with whom I had reconnected after decades of absence, and posts and pictures lodged by nephews, nieces, daughters and other family. But I do not miss the toxic political debate.
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The FB suggested pages. Dumb policy on FBâs part. I am getting those âso and so posted onâŚâ emails and messages. They lead to nowhere. Dumb thing to do.
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Donât. While my post in my view is apolitical but merely pointing the fact, someone may feel it is politics or TMF may interpret it as politics.
That one flagged post doesnât change anyoneâs opinion, including yours or those who opposed.
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Many of my pulled posts recently have had zero justification IMHO. Itâs not just you.
From Heather Cox Richardson yesterday:
âI canât believe what I just saw,â Peter Mallouk, president and chief investment officer of Creative Planning, told Jeff Cox of CNBC. âThis is not healthy,â he added. âWe canât have a set of numbers come out and fire somebody that served under numerous administrations in various roles because you donât like the numbers.â
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Hope you got any email addresses before you deleted. Then you can still keep in contact. I didnât get them all, but I got the ones that mattered. I occasionally get pictures shared via Google photos, or sometimes pasted in an email or chat message.
Z and FB can rot in hell. You know the misogynistic origins of FB, donât you? Thatâs the kind of guy Z was (and probably still is).
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