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dyauspitr 3 days ago

[flagged]

noarchy 3 days ago | parent | next [-]

One can argue that we're only seeing the beginning of the destruction. The economic policies of this administration could take years to be fully realized. That also means that, unfortunately, it will take years to repair the damage.

KingOfCoders 3 days ago | parent | next [-]

I don't think the trust in the US can be repaired for a very long time.

joshdavham 3 days ago | parent | next [-]

Yup. Even if Americans vote out the current administration, there’s no guarantee they won’t vote in another administration like this again. They’ve already done it twice.

unethical_ban 3 days ago | parent | next [-]

We need, at the very least, to revoke "emergency" powers of the presidency, and we need to reinforce that Congressional action overrides executive whim.

The administrative state is a good thing, not a bad thing, and people like Steve Bannon are cancers on American success.

Ideally, we would also ban gerrymandering, revoke unlimited anonymous political spending, and implement ranked choice voting.

wnc3141 3 days ago | parent [-]

I think the contradiction required for this is 1) we need a strong, power concentrated leader to decisively correct the ship and prevent future abuses. 2) we then need the leader to voluntarily limit their powers.

throw0101d 3 days ago | parent | prev | next [-]

> Yup. Even if Americans vote out the current administration […]

Reminder: Trump was re-elected. The first time could be considered an aberration, but the second time?

bluGill 3 days ago | parent | prev [-]

There is nothing unusual about Americans here. Every democracy has the same worry, and always has. Every change in party has brought in instability, going right back to the founding of the country. Sometimes worse than others. Trump isn't that much different from some of the stupid things presidents were doing in the 1800s...

privatelypublic 3 days ago | parent | prev [-]

If ever.

chimeracoder 3 days ago | parent | prev | next [-]

> That also means that, unfortunately, it will take years to repair the damage.

If you're old enough to be reading this comment today, it's unlikely that the full damage will be repaired in your lifetime.

tavavex 3 days ago | parent [-]

As someone who is just starting their proper adult life, the feeling of seeing the past's most bleak, extreme, "irrational" depression fuel resurface as today's level-headed, sensible predictions for the future is difficult to describe.

riehwvfbk 3 days ago | parent | prev [-]

[flagged]

tavavex 3 days ago | parent | next [-]

Has either the US or the EU ever promised not to retaliate against their enemy states or something? Actually, has any nation or national organization in the world ever promised that? You know, not to engage in war or any retaliation for anything? Just be arbitrarily 'fair'? You're creating standards that simply never existed. When war is on the table, all bets are off, it has always been that way.

Once you do what Russia did, no one should be required to honor anything with you. Countries are bound by laws, especially when you talk about Western countries, but there's always ways to get around to do what's needed if it's important enough - such as in military conflicts. If anything, the legal frameworks that tie their hands often prevented them from going even further, which would've been far better.

It also comes off incredibly disingenuous how lightly you're treating Russia here. You're pretending as if they just had an oopsie, a momentary lapse of judgement, a minor accidental misstep, and the heartless hypocrite West unfairly punished them for it by arbitrarily declaring them 'evil'. Like anyone else is scared because they might just stumble and that'll cause them to get on the West's bad side.

Unless you can think of other countries that are itching to start the new bloodiest, most cruel invasion of a sovereign nation on EU's doorstep, no one's situation mirrors Russia's. If they wanted the EU to sit idle, perhaps they shouldn't have invaded.

geoka9 3 days ago | parent [-]

Not to mention that most (all?) of those assets haven't been seized. They were frozen (although the interest earned on them was seized by diverting it to Ukraine in some cases).

wredcoll 3 days ago | parent | prev [-]

This downvote isn't a punishment, it's a way to help decrease the visibility of lies and missinformation.

Russia literally launched an aggressive war of conquest. Any response that doesn't involve literal soldiers occupying russian cities is an extremely minor one.

stocksinsmocks 3 days ago | parent | prev | next [-]

These are numbers from March 2024 to March 2025, right? The current administration was present for 3 of those 12 months. I think the forces that move the whole US and world economy don’t really change between administrations.

roxolotl 3 days ago | parent | next [-]

The problem is that we went from attempting to navigate the global forces to actively making things worse.

ceejayoz 3 days ago | parent | prev [-]

[flagged]

wnevets 3 days ago | parent | prev | next [-]

"I voted for him because of the economy" - People I know

lokar 3 days ago | parent | next [-]

Did these people think he would actually lower prices? And that “lowering inflation “ means prices go back down?

yepitwas 3 days ago | parent | next [-]

About half the population doesn't even understand how marginal income tax rates work. I bet the fraction that doesn't know that "lowering inflation" still means "prices are going up, not down" is quite a bit larger than that.

wnevets 3 days ago | parent | prev | next [-]

> Did these people think

Unlikely.

duped 3 days ago | parent | prev [-]

Yes

lokar 3 days ago | parent [-]

Snark aside, I really wonder how we as a nation can get to better politics and policy when so many people are so misinformed about the basics. It seems hopeless at times.

tencentshill 3 days ago | parent [-]

Instilling critical thinking skills from a young age. The actual educational content is far less important. "Learning how to learn" should be the primary purpose of K-12.

wnevets 3 days ago | parent [-]

How do you test and measure the effectiveness of that kind of curriculum in a standardless way for millions of school children?

shlip 3 days ago | parent [-]

elections.

wnevets 3 days ago | parent [-]

I don't think my local school board will go along with that.

MisterTea 3 days ago | parent | prev | next [-]

Also heard: "He's a billionaire so of course he knows what he is doing."

rich_sasha 3 days ago | parent [-]

It's true, he knows what he's doing, and he is substantially more of a billionaire now than he was before this election.

snickerdoodle14 3 days ago | parent | prev | next [-]

Also most of HN a few months ago

Kapura 3 days ago | parent | prev | next [-]

[flagged]

Der_Einzige 3 days ago | parent | prev [-]

[flagged]

franktankbank 3 days ago | parent | prev | next [-]

I think its probably a lot more complicated than that. I think this started decades ago and we are at a point of pivot. I couldn't tell you where we are pivoting to but I'm not really reassured by the obsessive metricization(?) of our economy, from the stock market to inflation numbers to jobs numbers.

codyb 3 days ago | parent | next [-]

The entire world is militarizing... so... I'm sure that's reassuring.

whynotmaybe 3 days ago | parent | prev | next [-]

One weird but interesting theory : https://en.wikipedia.org/wiki/Strauss%E2%80%93Howe_generatio...

There are recurring cycles in the American/Western history, with each cycle lasting +- 20 years.

The cycles are High, Awakening, Unraveling and Crisis.

We're supposedly in the Crisis cycle, where there are major crises like war, depression,revolutions that would help the society to rebuild institutions.

This theory seems completely flawed as it applies itself retroactively, entrenched in confirmation bias, but still entertaining.

newsclues 3 days ago | parent | prev | next [-]

The American economy (and society) were so great it took decades of bipartisan work for the self destruction to become evident.

50+ years https://wtfhappenedin1971.com

codyklimdev 3 days ago | parent [-]

Once the gold standard was ended and our fiat currency could be printed and given directly to the ruling class, it was effectively curtains for everyone else.

triceratops 3 days ago | parent | prev [-]

> obsessive metricization(?) of our economy

Still using freedom units thank you very much, none of that metric namby-pamby /s

BrawnyBadger53 3 days ago | parent | prev | next [-]

This is probably the culmination of every administration after Clinton. Unsustainable spending that keeps going until now we are feeling the pressure. This administration is definitely acting in ways I feel are significantly suboptimal but it's unlikely to show the deeper impacts so quickly.

JKCalhoun 3 days ago | parent [-]

If you just keep cutting taxes of the wealthy and the corporations … this is kind of what is going to happen.

CaptWillard 3 days ago | parent | prev | next [-]

You are commenting on a thread/story about the job numbers for last year

DragonStrength 3 days ago | parent | prev | next [-]

This article is saying the slowdown started as early as a year ago. That of course opens up the discussion of whether this new revision is political cover for the current administration since they just removed the BLS head.

ushiroda80 3 days ago | parent | prev | next [-]

And far more than that

bitsage 3 days ago | parent | prev | next [-]

This data is mostly from last year, during Biden’s administration.

pessimizer 3 days ago | parent | prev | next [-]

And it somehow started doing it 9 months before Trump was inaugurated! The real news is that they invented time travel.

penguin202 3 days ago | parent | prev | next [-]

[dead]

kylebenzle 3 days ago | parent | prev | next [-]

[dead]

codr7 3 days ago | parent | prev | next [-]

[flagged]

pixelpoet 3 days ago | parent | next [-]

You don't think he's to blame?

thakoppno 3 days ago | parent [-]

The report covers the time period between April 2024 and March 2025.

It seems illogical to me to put the blame entirely on one administration.

tobias3 3 days ago | parent [-]

Usually I'd be with you. It's a big ship and even presidents have limited power to steer. But he is really doing all he can to sink it, so while one cannot blame him entirely, one can blame him:

- Firing a lot of federal employees

- Creating an uncertain business environment where no planning is possible via tariffs

That's just what he is breaking short term. There will be no way to reverse the long term damage his policies do.

I'm not arguing about goals, just looking at the execution.

3 days ago | parent | prev | next [-]
[deleted]
dr-detroit 3 days ago | parent | prev [-]

[dead]

electriclove 3 days ago | parent | prev | next [-]

[flagged]

dragontamer 3 days ago | parent | next [-]

The last one fired the BLS head because he didn't like the jobs report?

Now not only are we seeing major job loss, our statisticians are intimidated and likely are no longer reporting the truth. We now have to rely upon shittier metrics because our core numbers are worthless.

logifail 3 days ago | parent [-]

> no longer

Citation needed.

POTUSes come and go, BLS figures have been suspect for a long time.

estearum 3 days ago | parent [-]

BLS figures have been suspect for a long time as of a month ago.

logifail 3 days ago | parent [-]

I'm not sure why you'd claim that. BLS figures have been revised downwards repeatedly over recent years.

https://edition.cnn.com/2024/08/21/economy/bls-jobs-revision...

"US job growth during much of the past year was significantly weaker than initially estimated, according to new data released Wednesday.

The Bureau of Labor Statistics’ preliminary annual benchmark review of employment data suggests that there were 818,000 fewer jobs in March of this year than were initially reported."

wredcoll 3 days ago | parent [-]

Are you reporting on this breaking news scandal that predictions about future events are not always perfectly accurate?

logifail 3 days ago | parent [-]

> Are you reporting on this breaking news scandal that predictions about future events are not always perfectly accurate?

If the predictions are always (or mostly) wrong but always in one direction then wouldn't one begin to suspect that either a) the model is flawed, or b) that there's goal-seeking behind the scenes?

If there's a recent revision of BLS figures showing a correction of PLUS 900k jobs, I'd love to see it.

dragontamer 3 days ago | parent [-]

> If there's a recent revision of BLS figures showing a correction of PLUS 900k jobs, I'd love to see it.

I know right? It's like the new numbers from the BLS are shit or something.

Trump fires the last guy, and then a month later they claim that Joe Biden lost 900,000++ jobs. A correction of this size that has never happened before.

It's like firing the head of statistics ruins your reputation and intimidates the other accountants into making up numbers that favor your politics.

logifail 3 days ago | parent [-]

Apologies but this isn't unique, nor has it anything specifically to do with the current POTUS. The US jobs figures has had huge revisions downwards before, for instance last year:

https://seekingalpha.com/news/4142722-why-was-there-such-a-b...

"There's still ongoing chatter about the huge revision to U.S. job growth seen yesterday and what it might signify for the economy and markets. 818,000 jobs were wiped out in the 12 months through March 2024 (or 68,000 per month), resulting in the biggest downward adjustment since the global financial crisis."

dragontamer 3 days ago | parent [-]

And this revision this year is even larger.

Are you ignorant to the large scale firings from DOGE and other intimidation tactics of this administration? Or are you just trolling with bad discussion points?

DOGE firings aren't really going to show up in this data. (The cutoff of March2025 is too new) Intimidation of our statistics teams isn't in the data. You aren't even countering the points I'm bringing up.

Everything in context. The problem now is the obvious and direct intimidation applied to our statisticians. Or do you think that Trump actually gives a care about statistical validity?

Your point is that you didn't trust statistics before. Cool. Well guess what? These actions have made it worse. Now NOBODY should be trusting these stats.

Congrats. You won. You destroyed the trust in our statistical system. That was your goal was it not?

I agree with you. The new crop of statistics is suspect. And all our statistics moving forward will continue to be suspect and I'm not sure how to fix the trust problem.

However, I trusted things before. And this new state of things is uniquely a consequence of recent events. You are ignoring all the crap that happened this year that leads me to distrust the new results over the old results and reporting.

babblingdweeb 3 days ago | parent | prev | next [-]

Regardless of which administration is in place, the BLS (USA) does adjust the numbers every month (for two months after the initial release) and annually. This is fairly common with statistics and forecasting in general.

Regardless if the numbers go up or down, regardless of the administration.

So, yes...the last administration did the same thing, and the administration before that, etc.

CamperBob2 3 days ago | parent | prev [-]

They intentionally hired incompetent and/or politically-biased bureaucrats to cook the numbers?

Because that's what we're about to see. A players hire B players, B players hire C players, and Trump hires the rest. The next round of economic reports will be much better, I'm sure. Or else.

squegles 3 days ago | parent | prev [-]

How does this comment help the discussion?

add-sub-mul-div 3 days ago | parent | next [-]

It is discussion. Continue with agreement or disagreement as desired. I'm not sure if the meta comment attempting to passive aggressively censor the original comment is needed, though.

dyauspitr 3 days ago | parent | prev | next [-]

I think the root cause is important to the discussion.

CaptWillard 3 days ago | parent | next [-]

Do you think the Trump administration is a root cause of last year's job numbers?

Nicook 3 days ago | parent | prev | next [-]

[flagged]

franktankbank 3 days ago | parent | prev [-]

[flagged]

strathmeyer 3 days ago | parent | prev [-]

Always interesting to find what we aren't supposed to be talking about.