The Trump administration may exclude government spending from GDP, obscuring the impact of DOGE cuts

https://apnews.com/article/trump-gdp-economy-government-spending-lutnick-7414ba1bd441bd4bf64620bfd66923b2

created by jest4fun on 03/03/2025 at 01:55 UTC

154 upvotes, 19 top-level comments (showing 19)

Comments

Comment by AutoModerator at 03/03/2025 at 01:55 UTC

1 upvotes, 0 direct replies

Not getting enough news on Reddit? Want to get more Informed Opinions™ from the experts leaving their opinion, for free, on a website? We have the scratch your itch needs. InTheNews now has a discord! Link: https://discord.gg/Me9EJTwpHS

I am a bot, and this action was performed automatically. Please contact the moderators of this subreddit[1] if you have any questions or concerns.*

1: /message/compose/?to=/r/inthenews

Comment by jest4fun at 03/03/2025 at 01:57 UTC

38 upvotes, 2 direct replies

trunt administration sez,

“This is going to be the best economy anybody’s ever seen. And to bet against it is foolish.”

Yeh, right, sure.

Comment by BeardedCrank at 03/03/2025 at 02:22 UTC

26 upvotes, 0 direct replies

We are 100% in recession based on how much they are trying to change how we calculate gdp

Comment by onFinal at 03/03/2025 at 02:21 UTC

24 upvotes, 2 direct replies

From the article - Elong gets to determine what is value add for the average American. Wonderful.

“A more accurate measure of GDP would exclude government spending,” Musk wrote on his social media platform. “Otherwise, you can scale GDP artificially high by spending money on things that don’t make people’s lives better.”

Speaker Mike Johnson, in a discussion on DOGE, mentioned how shocking the results are from the fraud that Elon has uncovered. Why is this shocking? The Republicans have had the Hourse of Representatives 9 of the last 13 two-year terms. So 75% of the last 25 years was owned by a party that isn't capable of digging it up themselves? Is the primary reason they can't dig it up primarily because they're the ones that buried it??

People are not screaming loudly enough at the town halls. I'm impressed the Republican representatives are even attending them.

Comment by McGrawHell at 03/03/2025 at 02:16 UTC

26 upvotes, 0 direct replies

The harsh reality of global economics are about to collide with the manufactured reality of the Trump Feelings Protection Industrial Complex.

Comment by jamesvabrams at 03/03/2025 at 03:25 UTC

10 upvotes, 1 direct replies

Change the metrics, confuse the issue, lie about the facts, claim victory. I hope industry and financial professionals who need accurate stats will push back on this idea.

Comment by GrimFatMouse at 03/03/2025 at 05:37 UTC

10 upvotes, 0 direct replies

Haha, WTF? The U.S. economy relies on stable GDP numbers for things like credit ratings, bond markets, and loan risk assessments. If they start presenting an artificially lower GDP, lenders will absolutely adjust by raising interest rates.

Comment by Brilliant-Mind-9 at 03/03/2025 at 03:50 UTC

8 upvotes, 0 direct replies

How very maga.

Don't look up!

Comment by gabrielxdesign at 03/03/2025 at 02:30 UTC

7 upvotes, 0 direct replies

I know the USA is like, very "Anti-Woke" but you gotta wake the f* up.

Comment by siouxbee1434 at 03/03/2025 at 07:04 UTC

6 upvotes, 0 direct replies

In other words, cheating and lying

Comment by Confident-Court2171 at 03/03/2025 at 09:54 UTC

6 upvotes, 0 direct replies

So now we’re going to start providing “alternative facts” to the capital markets. Didn’t we learn this was a bad idea in 1929?

Comment by Shrike79 at 03/03/2025 at 02:47 UTC

4 upvotes, 0 direct replies

And the heads of thousands of economists exploded simultaneously as they shouted, "but GDP = Consumer Spending + Investment + Government blarrrgghhh..."

Comment by webhick666 at 03/03/2025 at 04:22 UTC

5 upvotes, 0 direct replies

Government version of the way corporations distort EBITDA.

Comment by donedamndoing at 03/03/2025 at 03:02 UTC

3 upvotes, 0 direct replies

Too bad Leslie Nielsen isn't here to tell us there is nothing to see here.

Comment by Simple_somewhere515 at 03/03/2025 at 03:58 UTC

3 upvotes, 0 direct replies

This is transparency /s

Comment by mildlysceptical22 at 03/03/2025 at 02:06 UTC

2 upvotes, 0 direct replies

He meant ‘nobody will ever see..’