Corporations, business owners, investors, and entrepreneurs need accurate data to make good decisions. Every day, organizations and individuals make critical decisions about whether to build a new factory, expand operations, trade securities, and borrow money, among many others.<\/p>\n\n\n\n
This makes firing Bureau of Labor Statistics (BLS) Commissioner Erika McEntarfer \u2013 on fabricated grounds that the Bureau of Labor Statistics \u201crigged\u201d data in the most recent jobs report to make Trump look bad \u2013 a huge problem for American businesses. American corporations and investors can no longer trust government economic data on the US economy going forward. It\u2019s clear that Trump will quash any bad news and publish only rosy numbers and optimistic projections.\u00a0<\/p>\n\n\n\n
MAGA will cheer this news and line up to say that if Trump says it\u2019s so then it must be so. The jobs report was rigged and McEntarfer should go to prison! We\u2019re really in great shape on the employment front! The economy is growing! Prices are low again!<\/p>\n\n\n\n
Trump has fixed everything! He\u2019s the best President ever!<\/p>\n\n\n\n
Others will see this for what it is: an effort to stroke Trump\u2019s ego by tricking people into thinking things are fine when they are not.<\/p>\n\n\n\n
Everyone should understand that even if labor data has little or no impact on decisions that affect your bottom line, this will not be the last time Trump cooks the data analysis books to make his policies look better than they really are. He\u2019ll do this again.<\/p>\n\n\n\n
Regular people who watch prices on life\u2019s necessities while they can\u2019t find work won\u2019t be fooled by rosy data saying inflation is down and the economy is booming. <\/p>\n\n\n\n
Corporations, business owners, investors, and entrepreneurs won\u2019t be fooled either they see the fabricated upward revisions Trump will expect, and get, from whatever flunky he appoints to the job. They know they\u2019ll be forced to make billion-dollar decisions in an information vacuum. <\/p>\n\n\n\n
If you\u2019re a CEO, small business owner, entrepreneur, or individual investor who supports Trump, this of all things should wake you up, even if extralegal detentions of citizens and lawful US residents did not.<\/p>\n\n\n\n
Fingers crossed.<\/p>\n\n\n\n
[Cross-posted on LInkedIn with minor edits.]<\/p>\n","protected":false},"excerpt":{"rendered":"
Corporations, business owners, investors, and entrepreneurs need accurate data to make good decisions. Every day, organizations and individuals make critical decisions about whether to build a new factory, expand operations, trade securities, and borrow money, among many others. This makes firing Bureau of Labor Statistics (BLS) Commissioner Erika McEntarfer \u2013 on fabricated grounds that the […]<\/p>\n","protected":false},"author":27,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[275,276,70],"tags":[272,273,274],"class_list":["post-744","post","type-post","status-publish","format-standard","hentry","category-american-fascism","category-authoritarianism","category-donald-trump","tag-american-fascism","tag-authoritarianism","tag-dismantling-government"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/foggybottomline.com\/index.php?rest_route=\/wp\/v2\/posts\/744","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/foggybottomline.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/foggybottomline.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/foggybottomline.com\/index.php?rest_route=\/wp\/v2\/users\/27"}],"replies":[{"embeddable":true,"href":"https:\/\/foggybottomline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=744"}],"version-history":[{"count":2,"href":"https:\/\/foggybottomline.com\/index.php?rest_route=\/wp\/v2\/posts\/744\/revisions"}],"predecessor-version":[{"id":746,"href":"https:\/\/foggybottomline.com\/index.php?rest_route=\/wp\/v2\/posts\/744\/revisions\/746"}],"wp:attachment":[{"href":"https:\/\/foggybottomline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=744"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/foggybottomline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=744"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/foggybottomline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=744"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}