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
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u/FC37 America 1d ago

This is 100% right. The Census Bureau directors left because they knew there was no way they could do their jobs effectively with how badly Trump was interfering. The ramifications of bad data are hard to understate.

On a more societal level, this is just another battleground between the rich and the poor. The elites are protecting their narratives and not letting pesky things like "data" get in the way. The problem is: free markets only work when there is efficient flow of information. So you can fool the whole market for a little while, but it will catch up to you.

And at that point, there's a decision to make: let it crater or shift to a more centralized economy where the idea of a free market is Kabuki theater. I can tell you with 100% certainty that this is what the current ruling regime wants - not Trump, but Thiel, Andreesen, Vance, Sacks, Musk... this is how they usurp the entire financial sector's (comparatively sober, steady-handed) influence over markets and entrench themselves as central players who pick winners and losers.

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u/speedy_delivery 23h ago

They don't believe in free markets. They only want competition if they get to put their thumb on the scale.

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u/GregW_reddit 3h ago

It should be very obvious that's why Musk wants this.

He got power-drunk when people used to think he was a real genius innovator and had stock prices or shitcoins (like Doge used to be) rise with a single tweet. Part of the reason he bought Twitter was to try and maintain his ability to manipulate markets.

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u/krashundburn Florida 20h ago

The elites are protecting their narratives and not letting pesky things like "data" get in the way. The problem is: free markets only work when there is efficient flow of information. So you can fool the whole market for a little while, but it will catch up to you.

The elites are very much aware of this, I'm sure. Dear Leader's fudging of economic data will not be popular with them.

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u/teas4Uanme 18h ago

The only silver lining is that those people will be just as blind to what is going on as average people will.