The underlying wins in Trump's first GDP report



The Department of Commerce released the first GDP report of President Donald Trump's second term on Wednesday, sending critics into a frenzy.

The legacy media's coverage of the report reiterates the same claim: The economy "shrank." But between the lines, the report paints a different, more promising picture.

On its face, the report shows that the economy contracted at a 0.3% rate in the first quarter as a result of the ongoing trade war and tariff uncertainty. Despite this, former Vice Chair of the Federal Reserve Richard Clarida argued that this figure was "distorted" and predicted it would be revised upward.

'It's no surprise the leftovers of Biden's economic disaster have been a drag on economic growth, but the underlying numbers tell the real story of the strong momentum President Trump is delivering.'

"Not really much of a surprise," Clarida said. "I do think the Q1 numbers were probably distorted by that huge surge in imports to front-run the tariffs, and I think could be revised up slightly. So the final number may be closer to zero."

"I do think probably that the Fed will probably try to look through this number because of those distortions. ... Maybe the headline number is a bit misleading this time," Clarida added.

As Clarida pointed out, these distortions are overshadowing key indicators that would suggest the economy is actually building momentum.

For example, consumer spending outpaced government spending by 3.2 percentage points, which has been the strongest figure since the Q2 report back in 2022. Consumer spending is a strong indicator of economic health that can lead to several positive outcomes like GDP growth, increasing demand, and job creation.

The report found that inflation has also halted, with the PCE price index showing zero increase in costs from February to March. This is a promising figure compared to the 0.3% increase in costs in January.

"It's no surprise the leftovers of Biden's economic disaster have been a drag on economic growth, but the underlying numbers tell the real story of the strong momentum President Trump is delivering," press secretary Karoline Leavitt said in a statement Wednesday.

While the GDP has contracted overall, the core GDP grew a robust 3%, which the administration said "signals strong underlying economic momentum." Gross domestic investment also soared 22% in the first quarter, which was the highest in four years.

"Robust core GDP, the highest gross domestic investment in four years, job growth, and trillions of dollars in new investments secured by President Trump are fueling an economic boom and setting the stage for unprecedented growth as President Trump ushers in the new golden age," Leavitt said.

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Commerce Secretary Howard Lutnick Addresses Concerns DOGE Cuts Will Harm Economic Numbers

'They count government spending as part of GDP. So I'm going to separate those two and make it transparent'

Trump enjoys yet another confirmation for his Cabinet



The Senate confirmed Howard Lutnick to serve as President Donald Trump's secretary of commerce Tuesday night.

Lutnick was narrowly confirmed in a 51-45 party-line vote, making him the 17th member of Trump's Cabinet to be confirmed. Notably, Democratic Sen. John Fetterman of Pennsylvania voted to block Lutnick's confirmation on the final floor vote despite siding with 15 Republicans to advance his nomination through committee.

'He was an inspiration to the World - The embodiment of resilience in the face of unspeakable tragedy.'

Lutnick served as co-chair of the Trump-Vance transition team and has long championed a tariff-forward trade policy as well as implementing DOGE-style spending cuts.

"He will lead our Tariff and Trade agenda, with additional direct responsibility for the Office of the United States Trade Representative," Trump said in a post on Truth Social announcing his nomination.

Prior to his nomination, Lutnick had spent decades working on Wall Street and securing his role as CEO of Cantor and Fitzgerald at the impressive age of 29. However, the trajectory of his career was forever changed following the terrorist attacks on September 11 that claimed the lives of hundreds of his employees, including his brother.

"He emerged from these events with an indomitable sense of purpose to rebuild the firm to honor those lost, support their families, and become a beacon of hope for those who remained," Trump said in the statement. "He was an inspiration to the World - The embodiment of resilience in the face of unspeakable tragedy."

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Democrats’ Lawfare Threatens To Sideline Musk And DOGE

If granted, the temporary restraining order, or TRO, will immediately halt the president and the federal agencies’ ongoing efforts to cut waste and fraud.

Biden-Harris Official Violated Federal Law by Operating Viral Pro-Kamala Misinformation Account on Gov't Time, Watchdog Complaint Alleges

A Biden-Harris administration official violated a longstanding federal ethics law by drumming up viral internet support for Vice President Kamala Harris's presidential campaign on X while working on the taxpayer's dime, a watchdog group alleged in a complaint filed Wednesday.

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Trump To Tap Howard Lutnick for Commerce Secretary

President-elect Donald Trump is expected to tap Wall Street financier Howard Lutnick to lead the Commerce Department, the Wall Street Journal reported.

The post Trump To Tap Howard Lutnick for Commerce Secretary appeared first on .

Watchdog accuses Biden administration of pushing 'misleading and inaccurate claims' in climate report



A nonpartisan government watchdog group has filed a complaint with the U.S. Department of Commerce, requesting an investigation into possibly unethical and unscientific practices at the National Oceanic and Atmospheric Administration.

The watchdog is specifically concerned with NOAA's Billion-Dollar Weather and Climate Disasters tracking project, also know as the Billions Project, which has kept track of weather-related disasters since 1980. As the name would suggest, the project focuses on disasters that supposedly result in losses of $1 billion or more.

According to Protect the Public's Trust, those behind the Billions Project may be responsible for "scientific integrity violations" as well as "misleading and inaccurate claims about the Project's dataset."

This is especially troubling because the Billions Project is greatly impactful. It has been cited by the U.S. Global Change Research Program as a "climate change indicator"; its data was referenced last year as evidence that "extreme events are becoming more frequent and severe" in the same federal program's "Fifth National Climate Assessment"; and its results have reportedly been cited in nearly 1,000 articles.

Protect the Public's Trust noted in its April 3 letter to NOAA science integrity officer Cynthia Decker and to Roderick Anderson, the acting inspector general of the U.S. DOC, "Though cited as evidence of climate change effects, the Billions Project does not utilize climate data. The Project's dataset only collects and reports economic data about disaster losses."

Since it relies upon economic data, PPT noted that the Billions Project "cannot distinguish the effect of climate change as a factor on disaster losses from the effect of human factors like increases in the vulnerability and exposure of people and wealth to disaster damages due to population and economic growth."

The PPT alleged that the project:

  • employs opaque methods to calculate losses from individual disaster events that "result in drastically higher loss estimates than those reported by other institutions at NOAA";
  • uses "undisclosed non-traditional costs in its calculations [which] can mislead and misinform the public about the relevant scale of the disaster losses reported in the Project's dataset";
  • adds and removes disaster events from the dataset without so much as an explanation;
  • adjusts its loss data "beyond what inflation-adjustments require and does so for unexplained reasons";
  • "'scales up' loss data based on various factors without disclosing the methodology for its calculation or the baseline data"; and
  • appears to use inconsistent calculation methods over time.

The PPT stressed that the "national conversation on climate change and disaster-response should not be tainted by inaccurate, misleading, and self-serving scientific analysis."

"The American public has every right to expect, even demand, that the scientific research funded by their tax dollars is conducted under the most rigorous standards of integrity, transparency, and quality," said PPT director Michael Chamberlain in a statement.

"This is especially true when that research is used to underpin decisions that affect nearly every aspect of their lives — from the cars they drive, to the foods they eat, to how those foods are prepared. Despite the fact the Billions Project is being used to affect precisely these types of decisions, the principles of scientific integrity, transparency, and quality appear to be severely lacking in its work," added Chamberlain.

Just the News reported that the study by Dr. Roger Pielke Jr. referenced in the PPT complaint raised similar concerns earlier this year.

Pielke, an environmental studies professor at the University of Colorado at Boulder, underscored in the pre-print of his forthcoming paper that "public claims promoted by NOAA associated with the dataset and its significance are flawed and misleading. ... Similarly flawed are NOAA's claims that increasing annual counts of billion dollar disasters are in part a consequence of human caused climate change."

NOAA responded in January to this line of critique, telling Just the News that "the methodologies of the Billion Dollar Weather and Climate Disasters product are laid out in Smith and Katz, 2013, a peer-reviewed publication, and follow NOAA’s Information Quality and Scientific Integrity Policies."

Chamberlain found the spokesman's response to be "of the 'you'll just have to trust us' variety. While they may call themselves 'scientists,' that's not how science works."

The Billions Project concluded in its last annual report that there were 28 weather and climate disasters in 2023, "surpassing the previous record of 22 in 2020, tallying a price tag of at least $92.9 billion. The project claims that the U.S. has sustained 378 weather and climate disasters each resulting in at least $1 billion in damages or costs since 1980. These allegedly add up to $2.69 trillion.

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Midwest Mystic or Manchurian Candidate?

Henry Agard Wallace (1888-1965) left his mark on what he memorably proclaimed the Century of the Common Man—as plant geneticist, entrepreneur, spiritualist, author, magazine editor, transformative secretary of agriculture under Franklin Roosevelt, and Roosevelt's second vice president. To his admirers Wallace was a conviction politician who denounced segregation in front of Southern audiences and criticized Cold War profiteers long before Dwight Eisenhower alerted us to the military-industrial complex. Detractors mocked Wallace as a religious crank, bureaucratic bungler, and apologist for Joseph Stalin.

The post Midwest Mystic or Manchurian Candidate? appeared first on Washington Free Beacon.