When the nation’s labor secretary flubs arithmetic while struggling to defend poor employment data, there’s a problem.
In mid-February, as Donald Trump’s State of the Union address neared, Peter Navarro, a leading White House voice on trade and economic policy, told Fox News that the U.S. economy was “perfect.” A week later, during JD Vance’s latest Fox News appearance, the vice president celebrated the “Trump boom” in the economy.
Soon after, the American public learned that economic growth during the first year of the president’s second term reached a nine-year low (excluding the pandemic). Late last week, the latest job numbers were even worse: The U.S. economy lost 90,000 jobs in February, and the unemployment rate inched higher.
Indeed, the closer one looked at the data, the worse the figures appeared. Trump has been in the White House for 14 months, and during that time the cumulative total is 150,000 jobs. In the last 14 months of Joe Biden’s presidency, by contrast, the American economy added 1.74 million jobs.
Normally running a large deficit acts as a stimulus for the economy, but Trump’s reverse Midas touch is just too strong.
Depends on what the money is being spent on.
If you buy a house, that’s money generally well spent. If you buy hookers and blow, that’s not.
The economy not only shed jobs in February, it also lost jobs in two of the last three months, three of the last five months and five of the last nine months. (During Biden’s term, there were literally zero months in which the economy lost jobs.)
And this is all before the imminent corrections when the AI bubble pops, which will take us from accelerating tumble to free fall. An astounding feat, given what this administration was served up.
Yeah, good luck polishing that turd, asshole. You were handed an economy that was the envy of the world, brazenly lied about it, and then proceeded to fuck it all up, just as Republicans almost always do.
Trump isn’t struggling with anything. He’s thriving and there’s nothing anyone is willing to do about it.
