In the wake of the last report from the Bureau of Labor Statistics–a report reflecting the effect of Trump’s insane approach to economic matters–the Mad King responded by firing the chief labor statistician, Erika McEntarfer, a highly respected expert.
Trump has now nominated one EJ Antoni to be the chief labor statistician for the Bureau of Labor Statistics.
Robert Hubbell reports that Antoni would be leaving his job at the arch-conservative Heritage Foundation, “where he specialized in generating economic propaganda that had only a passing acquaintance with economic reality. In other words, he is a perfect candidate to create fake reports about the imaginary performance of the US economy.” As Hubbell notes, although it’s rare for members of a profession to criticize one another publicly, Antoni has been an exception; he’s drawn withering criticism from numerous respected members of the economic community.
Should average Americans care who heads up the Bureau of Labor Statistics? Or for that matter, which government pooh-ba is put in charge of determining whether government should fund development of a vaccine against, say, bird flu? How much are our everyday lives affected by obscure government agencies that are charged with determining the outlines of our shared reality?
That seemed like a good question to ask Chatgpt, so I did. The AI pinpointed a number of consequences, including misguided monetary policy, with the Fed raising or lowering interest rates inappropriately, risking recession or runaway inflation.
Also, in normal times, Congress and the White House rely on BLS data to design stimulus programs, tax changes or spending cuts. (These, of course, are not normal times. Bad numbers lead to bad decisions, and we can expect some terrifyingly bad decisions as a result of this latest attack on facts and real-world evidence.)
The AI also noted that it isn’t just government that relies on the data generated; private companies use BLS data to forecast demand for their products, to set wages and to make hiring and location decisions.
There was a lot more, but the bottom line was that “inaccurate BLS data can ripple from policy boardrooms to factory floors, from Wall Street to Main Street, and from short-term market moves to long-term structural harm. Even though BLS regularly revises its data to correct errors, the damage from bad initial reports—especially in fast-moving markets or politics—can’t always be undone.” In other words, even good-faith efforts by competent analysts will sometimes generate inaccurate results, and those errors can damage the economy. How much more damage can fanciful numbers manufactured for political reasons do? (Don’t look now, but we’re about to find out…)
Trump’s assault on the Bureau of Labor Statistics is consistent with MAGA’s other frantic efforts to ignore and reject much of contemporary reality. Unfortunately for these angry, unhappy people, replacing accurate economic data with propaganda will not magically usher in a more robust economy, just as jettisoning sound science will not make Americans healthier, and rewriting American history will not return White “Christian” men to social dominance.
It will simply destroy the American experiment.
If I decide that gravity is just a “theory” and jump off a tall building, my rejection of that “theory” won’t save me. Fudging the numbers at the Bureau of Labor Statistics won’t help Americans find jobs or afford groceries. No matter how desperately MAGA folks want to bend reality to their will, it just doesn’t work that way.
