Trump Officials Propose New Measure to Gauge Economy's Health Amid DOGE Cuts
Trump administration officials are considering a new approach to measuring the economy's health, which may downplay the negative effects of downsizing federal agencies under Elon Musk's leadership. The proposed measure, based on Value Added by Private Industries (VAPI), aims to exclude government spending from the traditional GDP calculation. This change could be seen as an attempt to minimize the impact of DOGE cuts, raising concerns about transparency and accountability in economic reporting.
- This proposed shift highlights the growing unease among economists about the lack of clarity on how Trump's policies will affect the economy, particularly when it comes to measuring its health.
- How will policymakers navigate the complexities of evaluating the economic impact of executive actions when the traditional metrics may no longer provide a clear picture?