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Belle of the Ranch

Let's talk about how Trump might hide the economic impact....

Belle of the Ranch

Belle of the Ranch

Society & Culture

4.91K Ratings

🗓️ 4 March 2025

⏱️ 5 minutes

🧾️ Download transcript

Summary

Let's talk about how Trump might hide the economic impact....

Transcript

Click on a timestamp to play from that location

0:00.0

Well, howdy there, Internet people, it's Bell again.

0:04.6

So today, we're going to talk about how Trump might try to hide a bad economy and how it might make it worse.

0:12.9

So, we just covered the new forecast from the Federal Reserve Bank of Atlanta.

0:18.3

It says that the first quarter will have a negative GDP growth of 1.5%.

0:23.8

If correct, that would put us halfway to an official recession, which is two quarters of negative

0:30.8

GDP growth. I said the forecast is volatile and isn't set in stone yet. However, shortly after the forecast started

0:39.7

getting notice, the Trump administration came up with a unique position. Basically, we've been

0:46.2

calculating the GDP incorrectly all this time. They're suggesting that government spending

0:52.5

shouldn't be included in the GDP. Again, GDP is gross

0:57.7

domestic product, which is the monetary value of all of the finished goods and services produced in

1:03.8

an area during a specific period. Elon said, quote, a more accurate measure of GDP would exclude government spending.

1:13.6

I'm not exactly sure how. Does government spending not produce finished goods and services?

1:19.6

The Commerce Secretary said, quote, if the government buys a tank, that's GDP. But paying a thousand

1:27.3

people to think about buying a tank is not GDP.

1:31.0

That is wasted inefficiency, wasted money. I'm pretty sure that thinking about that tank would be a

1:38.9

service. And as far as it being wasted money, from an economic standpoint, those people that are paid

1:45.7

for that finished service spend the money they're paid, and the finished goods and services

1:51.0

they buy is also part of the GDP. This position, being pushed loudly at a time when the GDP

1:58.7

forecast changed to negative, is raising eyebrows. Many are suggesting

2:03.9

that recalculating how the GDP is figured is an attempt to hide the effects of Trump's policies.

2:11.5

Even the AP headline on the subject shows this feeling. Quote, the Trump administration may exclude government spending from GDP,

2:21.6

obscuring the impact of Doge cuts.

...

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