Administration officials said the data is too volatile to produce reliable projections and that federal agencies responsible for the numbers are overwhelmed with the implementation of federal legislation passed in response to the pandemic, including the $2 trillion CARES Act cleared by Congress in March.
“It is foolish to demand such a forecast simply because that is business as usual, particularly when that forecast may mislead the public,” the official said. The review typically provides an update on the request, economic forecasts, federal spending and more. The numbers are produced by the so-called “troika,” or the leaders of the Treasury Department, the Office of Management and Budget and the White House Council of Economic Advisers.
White House, OMB and Council of Ecomomic Advisors are projecting that GDP will decrease by around 40% on an annualized basis. This is why they aren’t publishing the forecast. They’d only publish it if it shows good news.
We're doomed
These numbers won’t hide forever Mr. President! The truth will prevail.
sallyagale Chickens. Liars
gtconway3d That good is it?..obviously bad enough sink Baby Huey.
gtconway3d Hi White House: if you don’t report it, it still has taken place. If you don’t open the envelope from a creditor you still owe the $$$$...
katydogcrazy I’ll do it for you. Everything is FUBAR.
Well usually everything the Donald touches ends up in bankruptcy, right TheRickWilson ? So could the country in 2021. Unless we remove him come November.
trump's economy is so bad they are trying to hide how bad
SethAbramson Following in China's footsteps
Makes realDonaldTrump look bad before Nov 3.
gtconway3d Fact: Bad news is fake news so the WH has no news. So they will release news about the sun rising in the East and setting in the West.
HC_Richardson Well it’s rude to discuss poop, flushing, toilets, etc on television (unless it’s Trump, of course).
Feudalism 2.0 where citizens are treated like peasants.
Another example of Trump’s cowardice
Gee, I wonder why not?
First quarter of 2020 had been projected to be 0% since Feb! He thinks he can 'hide' the fact 40 million of Americans unemployed & 100,000 AMERICANS are dead ( & counting)!! Yep not happening! LiarInChief
So wait, “it looks bad so let’s just pretend it isn’t there” wow. This is where we’re at.
Nearly 4 years of more misleading than leading.
It will be a steep downturn due to Trump’s leadrship
They can't stand the TRUTH!
The White House is full of ❄️❄️❄️❄️.
gtconway3d ThePPL suffer Trump’s zoo 👇🏻 those who hate him bc he knows nothing about governing & his supporters STILL waiting for beautiful healthcare/great wages. Pre-covid 👇🏻 MPearl, BlkRock Inc./Patriotic Millionaires),”GOP...tilted system in favor of very wealthy & LRG corporations”
Just gonna go on pretending it's not happening. Cool.
Trump for President 2020
SethAbramson This is BS. Can’t take bad news so suppress it
SethAbramson I’m sure the bronzer President ordered them not to report
The White House is afraid of the truth. The American people already know the FAILURE of the Republican president.
trump doesn't want to talk about the economy or Covid19 anymore. He wants to talk about JoeScarborough.
🤷♂️ maddow SpeakerPelosi FareedZakaria
They don't have to, everyone has a pretty good idea what it would be.
Hiding taxpayer funded information from the taxpayers 🤔
gtconway3d So basically there's nothing the Trump administration won't sweep under the rug if it doesn't benefit them in November.
gtconway3d So they're following the 'if we don't say it it's not real' strategy?
HC_Richardson cowards
gtconway3d WOW. It’s so bad Trump can’t even lie his way out
Trump doesn't want to look any shittier as a president.
Ignoring reality doesn’t negate it. The truth will come out and w.hen it does, the MalignantNarcissist can kiss his re-election chances goodbye!! TrumpDepression
I wonder why? 🤔🤔🤔
when the going gets tough ... run!
Caused by the mismanagement of democrat governors.
A cowardly draft dodger leading a administration of cowards...
SethAbramson So, no one else has this information?
HC_Richardson
gtconway3d So when they don’t feel like doing something they just don’t do it? Sounds typical for realDonaldTrump. Lazy loser.
JbthomJohn Afraid too ...
gtconway3d This Administration sucks ass
The most transparent administration ever.
SethAbramson Just hide the bad news...that makes it all go bye bye, Right?!
gtconway3d That just leaves it open for real investigative financial reporters to do the work for themselves and show the real numbers instead of his ‘adjusted’ numbers.
Because everyone suppresses great news
So? Practically every S & P 500 company has waived guidance. There's no reason to guesstimate a number that , as of now, has zero chance of being quantified..
gtconway3d Hiding out somewhere
because it's really, really bad.
gtconway3d It is what it is! We deserve to see.
Hiding facts off course
gtconway3d WH politics.
gtconway3d Shocking! This administration has been so open about everything 🙄
gtconway3d What economist in their right mind is going to put their name to 'it's gonna be great, huge. America's back' That way, anything positive, no matter how small, can be declared a victory.
gtconway3d Well trumpdog said this virus will be down to zero in march. So why should believe his bs again.
Just because they do not publish it doesn’t make the depressing numbers any less valid.
gtconway3d Can we at least get an “acting” forecast?
gtconway3d That’s ok! We aren’t stupid! We know how bad things are and we don’t think it will get much better!
gtconway3d Wait until they start calling it a “bagel.”
gtconway3d Ask the the 40 mm unemployed how the economy is and why the senate is on a long vacation instead of passing a bill that would put money in their hands? How could you possibly vote for a Republican, and I am not a Democrat. I am free from party constraints, Don your fired!
gtconway3d It's only going to get worse. You can't hide a crashed economy any more than you can hide the dead. And lying about either will only make both exponentially worse. 🤷
Coverup.
gtconway3d Everyone should be terrified of this. The stock market is going to correct like you've never seen it before.
gtconway3d COWARDS! Also, show us your tax returns.
SethAbramson It’s the economy that Trump’s running just re-election campaign on.
SethAbramson But the stock market is doing great, and that’s what they care about.
gtconway3d All the more reason why the Executive Branch needs to be stripped of all authority over federal Agencies
gtconway3d Caused by trump’s inept response to the pandemic. FIXED IT.
Cuz if they don't print it, it didn't happen!
gtconway3d coverup
KeithBrooker5 I bet they’ve all decided to not tell trump.🤫
Cowards
bjatmcw trumphole has touted his 'transition' quarter---then a bounce back bigger than before after that (why not show the evidence?)
gtconway3d We are so tired of all the winning.
gtconway3d
gtconway3d 'transition to greatness' indeed
gtconway3d The Trump Presidency is a complete LIE !
gtconway3d Then we need a 'Manhattan Project' of academics and corporate econ types to collaborate and develop a 'consensus' forecast as best they can. Get Cramer and Buffet and the Univ. of Chicago etc. on board.
gtconway3d
He just ignores it with the hope/expectation that some magic fairy will wave her wand and fix everything. Then he wants to take credit for it.
gtconway3d
gtconway3d That reminds me. We never saw the 2020 IC Worldwide Threat Assessment. It would be *very* interesting to see what that document said about the COVID-19 virus.
Like the Secret Service bills and Trump’s taxes ... imagine the fraud in those
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