I don't think this is about the past two admins inasmuch as the current admin transparently and in the open cooking the books to shift blame and accountability off of themselves. There's nothing wrong with reevaluating how we look at the economy to be more realistic but this "adjustment" isn't that. I think every side of the political spectrum has said something to to the effect of needing to capture the disconnect between the usual signals and the face that everyone on the ground feels like they're doing worse.

Trusting a government to both decide on how best to determine a metric that also happens to be a measure of their success, collect the data themselves, and report on it always been a conflict of interest at best. And, well, we're now seeing that conflict play out. That's the sad part about this whole thing, the data could be correct but now everyone has good reason to distrust it.