This is smart. One of the more frustrating things about the Biden Administration was when they would throw our BS economic stats as a counterargument to people sharing their economic woes.

The Treasury Secretary has candidly admitted that the GDP numbers that dominated the previous administration’s economic approach are not accurate.

 

[…]

 

When asked point-blank whether he believed that GDP numbers and nonfarm payrolls were accurate on the All-In podcast last week, Bessent replied: ‘No. They’re subject to big revisions over time.

 

‘I thought one of the big mistakes of the Biden administration was that they went with the numbers and not what the American people were feeling.’

 

The Treasury Secretary said the economic concerns of the public were dismissed as merely a ‘vibe-cession’ and that Biden told them, ‘you don’t know how good you’ve got it.’

 

Instead, Bessent said the Trump administration was going to ‘have respect for how [the public] feel and then we need to go back and look at what is causing this anxiety.’

 

[…]

 

Podcast co-host Palihapitiya praised Trump’s team for having a ‘better beat on the fact that this data is not as reliable as other administrations would say they were in order to do whatever it is they wanted to do anyway.’

 

Bessent agreed with the interviewer, saying that the Trump White House would not use data to justify their actions and instead listen to Americans when they express anxiety or financial hurt.