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U.S. added just 73,000 jobs in July and numbers for prior months were revised much lower

Will the jobs report and the incredible revisions force Trump to rethink his tariffs? Or will Trump keep steering us directly into the iceberg?

Hey Congress, you can reassert control of tariffs ya know.
 
Trump admin cooking the books? Or, is this a result of firing too many analysts? Either way, Trump can eat shit for ruining our economy and making life miserable for everyone. There has never been a more ignorant, foolish man in the office. An absolute disgrace. There is not a day that goes by that I am not astonished that so many Americans support this piece of shit.
 
It astonishes me that anyone would support this brain dead moron. All of this is being caused by his idiotic policies. What a waste. What a waste.
 
W_Heisenberg said:
It astonishes me that anyone would support this brain dead moron. All of this is being caused by his idiotic policies. What a waste. What a waste.
Click to expand...

The closer one looks, the better Biden’s record on job creation appears
A detail that often goes overlooked: The worst year for job creation under Joe Biden was comparable to the best year for job creation under Donald Trump.
Click to expand...

The closer one looks, the better Biden’s record on job creation appears

A detail that often goes overlooked: The worst year for job creation under Joe Biden was comparable to the best year for job creation under Donald Trump.
www.msnbc.com
 
Wall Street Journal had an article about the GDP numbers for the second quarter. They were artificially high due to a drop in imports. The problem is that Trump’s tariffs have resulted in a large reduction in business investment, which reduces job creation.

The fact this comes as a shock to Trump supporters is astounding considering its free market economics 101.
 
I wonder how many Trump supporters are happy at this news if it means many of the people suffering from Trump’s ignorant, foolish, self-defeating policies are Democrats?
 
The torrid pace of GDP growth that supposedly took place in Q2 was likely a function of production and consumption that didn't take place in Q1. For the year, we're at about 1-1.5% growth, or somewhere in that neighborhood. I wouldn't be surprised if the GDP is revised down a bit.

That said, I don't think Trump's tariffs are going to sink the economy - at least not in the short-term. That's because he's ultimately moderating and showing flexibility (or chickening out, if you prefer) when it gets down to crunch time. Tariffs carry a long-term risk of harming our strategic alliances, though.

My much greater concern is about the lack of seriousness about the growing sovereign debt and the most extreme deregulatory environment in decades. Trump wants the Fed to keep rates artificially low so that consumers will start spending more, but it's not going to address the real problem, which is economic bifurcation (inequality) which enables more and more spending power at the top and less of it for most people underneath.
 
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