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As Economic Indicators Point to Recession, Trump Moves to Hide Key Data From Public
(www.commondreams.org)
this post was submitted on 22 Mar 2025
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We’ve been in a recession. The word you’re looking for now is depression.
Not really, maybe a blip of something in 2021-2022, but generally the US economy as a whole has been doing alright - Real GDP. Individual people though have been getting beaten up recently, but boy is that about to get worse.
I don't disagree. My point was that we weren't in a recession. Things may have been bad for many people, but that was when the "economy" was doing well.
Current indications are that the "economy" is heading for a downturn. If things were already rough for people, it certainly isn't going to get better if that happens.
That's a fair criticism, if things can get worse for people when we aren't in a recession, then why would we care about recessions.
The truth is that a recession is just one metric that we use to track the economy. However, the economy is a big complex system and things like recession are there to track a global state, and aren't refined enough to track things like inequality.
One failing in recent times for economic data is around "full employment vs part time employment" and other things like "is this person making a livable wage". The hard thing with a lot of inequality or livable wage discussions is they are inherently political and not something that is as easy to track/detail/communicate/etc. vs numbers like GDP.
So, yes having better numbers would be great, but most likely this admin will fudge and hide numbers making things even more difficult to track (both now and in the future). Additionally while people are hurting now, during a recession even more people will be hurting (and most likely hurting worse than they are now).