SUBSCRIBE TO OUR FREE NEWSLETTER
Daily news & progressive opinion—funded by the people, not the corporations—delivered straight to your inbox.
5
#000000
#FFFFFF
5
#000000
#FFFFFF
Acting Director of Office of Management and Budget Russell Vought listens during a cabinet meeting in the East Room of the White House on May 19, 2020. (Photo: Alex Wong/Getty Images)
'Cowardly' and 'Shameful': Critics Say Trump Refusal to Release Mid-Year Economic Forecast an Obvious Election Year Ploy
"It gets them off the hook for having to say what the economic outlook looks like."
May 28, 2020
Administration officials have confirmed that the White House, breaking with decades of precedent, will not publish a mid-year economic forecast--a decision critics said is an obvious move to shield President Donald Trump from the political implications of a tanking economy ahead of November's election.
"Trump figures if he doesn't tell people they're out of work, they won't know they're out of work," tweeted writer Gerry Conway.
\u201cAfter months of promising a V-shaped recovery that will take off \u201clike a rocket ship\u201d, the Trump Admin cowardly blames \u201cvolatility\u201d for not publishing econ forecasts just months before Nov elections. https://t.co/AmkxqoOVsr\u201d— Steven Rattner (@Steven Rattner) 1590674378
News of the decision came from the Washington Post Thursday morning.
As the Post reported:
The White House is supposed to unveil a federal budget proposal every February and then typically provides a "mid-session review" in July or August with updated projections on economic trends such as unemployment, inflation, and economic growth.
[...]
The economic projections are jointly produced by a "troika" consisting of the director of [the Office of Management and Budget], the chair of the White House Council of Economic Advisers, and the treasury secretary.
The economic downturn triggered by the pandemic has left millions of Americans out of work, led to double-digit unemployment, and stretched the country's meager social safety net to the limit. On Thursday, the Department of Labor reported that another 2.1 million Americans filed for unemployment benefits, bringing the total number of people who have filed since the pandemic began to at least 40 million.
According to Politico, "administration officials said the data is too volatile to produce reliable projections," making the forecast problematic as it could "mislead the public." But that claim was rejected by Bipartisan Policy Center vice-president Bill Hoagland, who told the Post that there was "no logistical reason they couldn't do it."
"It seems more likely they do not want to bring attention to the high level of unemployment they'd have to project for this year, and into next year," said Hoagland.
The tactic could backfire, tweetedAlabama Media Group columnist Kyle Whitmire.
"Public officials' willingness to withhold information that will inevitably come out never ceases to astound me," said Whitmire. "It's like refusing to release a weather forecast that says a hurricane will make landfall tomorrow. Eventually, the truth will tell itself."
\u201cThis is disgraceful by the White House. I do wonder if they're not releasing completely-dishonest numbers because:\n\na) staff refuse to produce them, or\n\nb) an empty intersection between what would be politically acceptable to them & what would not destroy any credibility.\u201d— Aaron Sojourner (@Aaron Sojourner) 1590672734
For now, though, the immediate benefit for the Trump White House is clear, former Congressional Budget Office director Douglas Holtz-Eakin told the Post.
"It gets them off the hook for having to say what the economic outlook looks like," Holtz-Eakin said.
Join Us: News for people demanding a better world
Common Dreams is powered by optimists who believe in the power of informed and engaged citizens to ignite and enact change to make the world a better place. We're hundreds of thousands strong, but every single supporter makes the difference. Your contribution supports this bold media model—free, independent, and dedicated to reporting the facts every day. Stand with us in the fight for economic equality, social justice, human rights, and a more sustainable future. As a people-powered nonprofit news outlet, we cover the issues the corporate media never will. |
Our work is licensed under Creative Commons (CC BY-NC-ND 3.0). Feel free to republish and share widely.
Administration officials have confirmed that the White House, breaking with decades of precedent, will not publish a mid-year economic forecast--a decision critics said is an obvious move to shield President Donald Trump from the political implications of a tanking economy ahead of November's election.
"Trump figures if he doesn't tell people they're out of work, they won't know they're out of work," tweeted writer Gerry Conway.
\u201cAfter months of promising a V-shaped recovery that will take off \u201clike a rocket ship\u201d, the Trump Admin cowardly blames \u201cvolatility\u201d for not publishing econ forecasts just months before Nov elections. https://t.co/AmkxqoOVsr\u201d— Steven Rattner (@Steven Rattner) 1590674378
News of the decision came from the Washington Post Thursday morning.
As the Post reported:
The White House is supposed to unveil a federal budget proposal every February and then typically provides a "mid-session review" in July or August with updated projections on economic trends such as unemployment, inflation, and economic growth.
[...]
The economic projections are jointly produced by a "troika" consisting of the director of [the Office of Management and Budget], the chair of the White House Council of Economic Advisers, and the treasury secretary.
The economic downturn triggered by the pandemic has left millions of Americans out of work, led to double-digit unemployment, and stretched the country's meager social safety net to the limit. On Thursday, the Department of Labor reported that another 2.1 million Americans filed for unemployment benefits, bringing the total number of people who have filed since the pandemic began to at least 40 million.
According to Politico, "administration officials said the data is too volatile to produce reliable projections," making the forecast problematic as it could "mislead the public." But that claim was rejected by Bipartisan Policy Center vice-president Bill Hoagland, who told the Post that there was "no logistical reason they couldn't do it."
"It seems more likely they do not want to bring attention to the high level of unemployment they'd have to project for this year, and into next year," said Hoagland.
The tactic could backfire, tweetedAlabama Media Group columnist Kyle Whitmire.
"Public officials' willingness to withhold information that will inevitably come out never ceases to astound me," said Whitmire. "It's like refusing to release a weather forecast that says a hurricane will make landfall tomorrow. Eventually, the truth will tell itself."
\u201cThis is disgraceful by the White House. I do wonder if they're not releasing completely-dishonest numbers because:\n\na) staff refuse to produce them, or\n\nb) an empty intersection between what would be politically acceptable to them & what would not destroy any credibility.\u201d— Aaron Sojourner (@Aaron Sojourner) 1590672734
For now, though, the immediate benefit for the Trump White House is clear, former Congressional Budget Office director Douglas Holtz-Eakin told the Post.
"It gets them off the hook for having to say what the economic outlook looks like," Holtz-Eakin said.
Administration officials have confirmed that the White House, breaking with decades of precedent, will not publish a mid-year economic forecast--a decision critics said is an obvious move to shield President Donald Trump from the political implications of a tanking economy ahead of November's election.
"Trump figures if he doesn't tell people they're out of work, they won't know they're out of work," tweeted writer Gerry Conway.
\u201cAfter months of promising a V-shaped recovery that will take off \u201clike a rocket ship\u201d, the Trump Admin cowardly blames \u201cvolatility\u201d for not publishing econ forecasts just months before Nov elections. https://t.co/AmkxqoOVsr\u201d— Steven Rattner (@Steven Rattner) 1590674378
News of the decision came from the Washington Post Thursday morning.
As the Post reported:
The White House is supposed to unveil a federal budget proposal every February and then typically provides a "mid-session review" in July or August with updated projections on economic trends such as unemployment, inflation, and economic growth.
[...]
The economic projections are jointly produced by a "troika" consisting of the director of [the Office of Management and Budget], the chair of the White House Council of Economic Advisers, and the treasury secretary.
The economic downturn triggered by the pandemic has left millions of Americans out of work, led to double-digit unemployment, and stretched the country's meager social safety net to the limit. On Thursday, the Department of Labor reported that another 2.1 million Americans filed for unemployment benefits, bringing the total number of people who have filed since the pandemic began to at least 40 million.
According to Politico, "administration officials said the data is too volatile to produce reliable projections," making the forecast problematic as it could "mislead the public." But that claim was rejected by Bipartisan Policy Center vice-president Bill Hoagland, who told the Post that there was "no logistical reason they couldn't do it."
"It seems more likely they do not want to bring attention to the high level of unemployment they'd have to project for this year, and into next year," said Hoagland.
The tactic could backfire, tweetedAlabama Media Group columnist Kyle Whitmire.
"Public officials' willingness to withhold information that will inevitably come out never ceases to astound me," said Whitmire. "It's like refusing to release a weather forecast that says a hurricane will make landfall tomorrow. Eventually, the truth will tell itself."
\u201cThis is disgraceful by the White House. I do wonder if they're not releasing completely-dishonest numbers because:\n\na) staff refuse to produce them, or\n\nb) an empty intersection between what would be politically acceptable to them & what would not destroy any credibility.\u201d— Aaron Sojourner (@Aaron Sojourner) 1590672734
For now, though, the immediate benefit for the Trump White House is clear, former Congressional Budget Office director Douglas Holtz-Eakin told the Post.
"It gets them off the hook for having to say what the economic outlook looks like," Holtz-Eakin said.
We've had enough. The 1% own and operate the corporate media. They are doing everything they can to defend the status quo, squash dissent and protect the wealthy and the powerful. The Common Dreams media model is different. We cover the news that matters to the 99%. Our mission? To inform. To inspire. To ignite change for the common good. How? Nonprofit. Independent. Reader-supported. Free to read. Free to republish. Free to share. With no advertising. No paywalls. No selling of your data. Thousands of small donations fund our newsroom and allow us to continue publishing. Can you chip in? We can't do it without you. Thank you.