Skip to content
  • Categories
  • Recent
  • Tags
  • Popular
  • Users
  • Groups
Skins
  • Light
  • Brite
  • Cerulean
  • Cosmo
  • Flatly
  • Journal
  • Litera
  • Lumen
  • Lux
  • Materia
  • Minty
  • Morph
  • Pulse
  • Sandstone
  • Simplex
  • Sketchy
  • Spacelab
  • United
  • Yeti
  • Zephyr
  • Dark
  • Cyborg
  • Darkly
  • Quartz
  • Slate
  • Solar
  • Superhero
  • Vapor

  • Default (No Skin)
  • No Skin
Collapse
Brand Logo

WTF-Beta

  1. Home
  2. Categories
  3. Off Key - General Discussion
  4. Crazy Man on another rampage

Crazy Man on another rampage

Scheduled Pinned Locked Moved Off Key - General Discussion
18 Posts 7 Posters 214 Views
  • Oldest to Newest
  • Newest to Oldest
  • Most Votes
Reply
  • Reply as topic
Log in to reply
This topic has been deleted. Only users with topic management privileges can see it.
  • wtgW Offline
    wtgW Offline
    wtg
    wrote on last edited by wtg
    #1

    Don’t like the numbers? Fire someone.

    https://www.cnbc.com/2025/08/01/trump-erika-mcentarfer-jobs-report-fired.html

    When the world wearies and society ceases to satisfy, there is always the garden - Minnie Aumônier

    1 Reply Last reply
    👍
    • B Offline
      B Offline
      Bernard
      wrote on last edited by
      #2

      He's so f'n sick.

      The industrial revolution cheapened everything.

      1 Reply Last reply
      • MikM Offline
        MikM Offline
        Mik
        wrote on last edited by
        #3

        In his defense they were constantly adjusting the Biden numbers down after announcing.

        “I refuse to answer that question on the grounds that I don't know the answer”
        ― Douglas Adams

        AxtremusA Piano*DadP 2 Replies Last reply
        • wtgW Offline
          wtgW Offline
          wtg
          wrote on last edited by wtg
          #4

          Um, how does that defend him?

          The numbers are adjusted all the time, so nothing has changed; he just doesn't like the numbers.

          It's not incompetence on the part of the BLS, it's just how things work. The initial number doesn't include all the data, and once the rest of the info is in, the number may get adjusted.

          Short description of how it works:

          https://www.newsnationnow.com/politics/job-numbers-change-revisions/

          I have no confidence that the jobs numbers will mean anything after a new commissioner is appointed. You don't keep your job in this administration by doing your job. You keep it if you do what the boss wants. Mess with the yarn he is trying to spin and you'll find yourself out.

          They're gonna be cookin' the numbers from now on.

          When the world wearies and society ceases to satisfy, there is always the garden - Minnie Aumônier

          1 Reply Last reply
          👍
          • MikM Mik

            In his defense they were constantly adjusting the Biden numbers down after announcing.

            AxtremusA Offline
            AxtremusA Offline
            Axtremus
            wrote on last edited by
            #5

            @Mik said in Crazy Man on another rampage:

            In his defense they were constantly adjusting the Biden numbers down after announcing.

            In your opinion is that a good defense?

            1 Reply Last reply
            • wtgW Offline
              wtgW Offline
              wtg
              wrote on last edited by
              #6

              Some Republicans don't think the firing was the best idea.

              https://www.theguardian.com/us-news/2025/aug/02/republicans-trump-bureau-of-labor-statistics-commissioner

              When the world wearies and society ceases to satisfy, there is always the garden - Minnie Aumônier

              AxtremusA 1 Reply Last reply
              • S Offline
                S Offline
                Steve Miller
                wrote on last edited by
                #7

                Sternly worded memo to follow.

                1 Reply Last reply
                • D Offline
                  D Offline
                  Daniel.
                  wrote on last edited by Daniel.
                  #8

                  This will increase the confidence of the American people in their government. Or not.

                  1 Reply Last reply
                  • MikM Mik

                    In his defense they were constantly adjusting the Biden numbers down after announcing.

                    Piano*DadP Offline
                    Piano*DadP Offline
                    Piano*Dad
                    wrote on last edited by
                    #9

                    @Mik said in Crazy Man on another rampage:

                    In his defense they were constantly adjusting the Biden numbers down after announcing.

                    Maybe you should learn a bit more about how the BLS works.

                    https://www.bls.gov/opub/btn/volume-2/revisions-to-jobs-numbers.htm

                    Crazy economist who likes to write about higher education.

                    1 Reply Last reply
                    • wtgW Offline
                      wtgW Offline
                      wtg
                      wrote on last edited by
                      #10

                      alt text

                      When the world wearies and society ceases to satisfy, there is always the garden - Minnie Aumônier

                      1 Reply Last reply
                      • wtgW Offline
                        wtgW Offline
                        wtg
                        wrote on last edited by wtg
                        #11

                        Former Treasury Secretary Larry Summers called President Donald Trump's accusation without providing evidence that the top Bureau of Labor Statistics official manipulated jobs report numbers "a preposterous charge" on Sunday.

                        Speaking with "This Week" anchor George Stephanopoulos, Summers said that one official would not be able to change the numbers.

                        "These numbers are put together by teams of literally hundreds of people following detailed procedures that are in manuals. There's no conceivable way that the head of the BLS could have manipulated this number," Summers said.

                        He added, "The numbers are in line with what we're seeing from all kinds of private sector sources. This is the stuff of democracies giving way to authoritarianism. It — firing statisticians goes with threatening the heads of newspapers. It goes with launching assaults on universities. It goes with launching assaults on law firms that defend clients that the elected boss finds uncongenial. This is really scary stuff."

                        https://abcnews.go.com/Politics/larry-summers-trumps-accusations-manipulated-jobs-numbers-preposterous/story?id=124321470

                        When the world wearies and society ceases to satisfy, there is always the garden - Minnie Aumônier

                        1 Reply Last reply
                        • AxtremusA Offline
                          AxtremusA Offline
                          Axtremus
                          wrote on last edited by
                          #12

                          1 Reply Last reply
                          • D Offline
                            D Offline
                            Daniel.
                            wrote on last edited by
                            #13
                            This post is deleted!
                            1 Reply Last reply
                            • wtgW wtg

                              Some Republicans don't think the firing was the best idea.

                              https://www.theguardian.com/us-news/2025/aug/02/republicans-trump-bureau-of-labor-statistics-commissioner

                              AxtremusA Offline
                              AxtremusA Offline
                              Axtremus
                              wrote on last edited by
                              #14

                              @wtg said in Crazy Man on another rampage:

                              Some Republicans don't think the firing was the best idea.

                              https://www.theguardian.com/us-news/2025/aug/02/republicans-trump-bureau-of-labor-statistics-commissioner

                              Many more Republicans found ways to say it's a the BEST, MOST BEAUTIFUL idea EVAH!

                              https://www.nytimes.com/2025/08/04/us/politics/trump-republicans-bls-jobs-analysis.html?unlocked_article_code=1.b08.2z2d.qt9GsqCWEeD4

                              When Trump Changes His Mind, Republicans Find a Way to Fall in Line

                              1 Reply Last reply
                              • D Offline
                                D Offline
                                Daniel.
                                wrote on last edited by
                                #15

                                Where to start?

                                Oh, nevermind.

                                1 Reply Last reply
                                • Piano*DadP Offline
                                  Piano*DadP Offline
                                  Piano*Dad
                                  wrote on last edited by
                                  #16

                                  All too few Republicans remember (or understand) the old adage ...

                                  "Better to remain silent and be thought a fool than to speak and remove all doubt."

                                  Crazy economist who likes to write about higher education.

                                  1 Reply Last reply
                                  • wtgW Offline
                                    wtgW Offline
                                    wtg
                                    wrote on last edited by
                                    #17

                                    So what happens if the BLS numbers aren't reliable anymore

                                    No savvy investor makes a decision off a single data point, but there are some numbers that carry more weight than others.

                                    For many macro investors, the North Star has long been the Bureau of Labor Statistics, the unit within the Department of Labor that measures, among other things, inflation, unemployment rates, and wage growth.

                                    Those in charge of the BLS have long been non-partisan economists, but President Donald Trump's firing of Commissioner Erika McEntarfer on August 1 and his top pick for her replacement, chief economist at the right-leaning Heritage Foundation, EJ Antoni, have many concerned with the validity of future government data, especially as Antoni floated pausing monthly jobs reports.

                                    Love Business Insider? Log in to Google and make us a preferred source.

                                    It's concerning for macro traders who rely on this data to make their bets, but there are non-governmental data sources that many already use. While helpful, these alternative databases can't replicate the widespread foundation BLS numbers provided for decades, where all market participants worked for the same set of basic facts about the state of the world's biggest economy. Still, traders are ramping up their use of this data in light of Trump's moves.

                                    "What's going to be tricky here is how to judge numbers coming out of the Bureau of Labor Statistics moving forward," said Andreas Steno Larsen, onetime macro investor and researcher, on his weekly podcast. He compared the firing to something that would happen "in Latin America" and predicted that investors would "look for alternative sources" to get a second opinion on the official data.

                                    https://www.msn.com/en-us/money/markets/government-data-is-now-in-question-here-s-where-macro-investors-are-turning-to-fill-the-gaps/ar-AA1KvuDG?ocid=hpmsn&cvid=8d54448ac3d14808b74ac19e8f64821f&ei=18

                                    When the world wearies and society ceases to satisfy, there is always the garden - Minnie Aumônier

                                    1 Reply Last reply
                                    • D Offline
                                      D Offline
                                      Daniel.
                                      wrote on last edited by Daniel.
                                      #18

                                      Clever title.

                                      1 Reply Last reply
                                      Reply
                                      • Reply as topic
                                      Log in to reply
                                      • Oldest to Newest
                                      • Newest to Oldest
                                      • Most Votes


                                      Powered by NodeBB | Contributors
                                      • Login

                                      • Don't have an account? Register

                                      • Login or register to search.
                                      • First post
                                        Last post
                                      0
                                      • Categories
                                      • Recent
                                      • Tags
                                      • Popular
                                      • Users
                                      • Groups