Summary
Commerce Secretary Howard Lutnick blamed Biden for weak economic data, citing February’s 77,000 job gain (vs. 186,000 in January), a 7-point drop in consumer confidence, and the Atlanta Fed’s Q1 GDP forecast falling from +2.3% to -2.8%.
He dismissed concerns over Trump’s tariffs on Canada and Mexico and proposed excluding government spending from GDP, a move criticized by economists.
The Dow fell 1,300 points in two days, signaling investor uncertainty.
The administration also disbanded economic advisory committees, raising concerns about data transparency and policy direction.
Honestly, I’ve gone from not knowing who PCC is to hating her work for its mediocrity to subtly appreciating that sometimes what the world needs in the face of overwhelming AI slop and neo-Nazi comics is someone whose work may not be the best but who enjoys what they do, puts thought and effort into it, and makes the masses exhale through their nose.