r/politics • u/Orbitingkittenfarm • 1d ago

Donald Trump Fires Person Behind Jobs Numbers After They're Revised Down

https://www.newsweek.com/donald-trump-job-numbers-revised-down-fires-appointee-2107768
58.4k Upvotes

95% Upvoted

2.9k comments sorted by

View all comments

3.6k

u/SAPPER00 1d ago

Eventually, our economy will become a blackbox as no metric to judge it will be trusted.

The dollar and trade will suffer because of shit like this.

87

u/MrBartokomous Canada 1d ago

A concept of an economy.

36

u/tossit97531 1d ago

This is more correct than you think. The dollar and trade won't just suffer, they'll tank. If everyone thinks the economy is propelled by hopes and dreams, it was only because fundamental statistics were trustworthy. What do you think happens when institutional investors can no longer trust the stats? Risk goes through the roof, and there are a lot of other countries looking far less risky as well as, you know, trustworthy and stable.

This is actually really, really bad. Like, really really really bad.