Rep. Don Bacon expressed concerns about President Donald Trump's firing of the head of the Bureau of Labor and Statistics in response to bad employment data. He warned that such actions could damage public faith in the U.S. economy and government. Bacon highlighted that recent employment data revisions are significant and may be attributed to lower turnout for initial data collection, resulting in less timely feedback. He advocated for careful consideration before dismissing officials, as it could skew public understanding of economic information.
Rep. Don Bacon warns that Trump’s firing of public officials for unfavorable data undermines trust in the U.S. economy and government system, indicating significant negative repercussions.
Bacon noted that drastic revisions in employment numbers are due to lower-than-normal data turnout and delays in feedback to the Bureau of Labor and Statistics.
He emphasizes the importance of due diligence and cautions against shooting the messenger, as it can negatively impact public perception of economic data.
Discussion also included concerns over funding cuts to the Bureau and a proposal to merge it with Commerce Department data operations, potentially impacting its independence.
#trump-administration #bureau-of-labor-statistics #economic-data #public-trust #government-accountability
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