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.
As a small business owner, I can tell everyone that the other shoe hasn’t dropped yet. January and February were the worst they’ve been in years, far worse than last year, which was one of my best starts ever. This has been my worst start ever. March is usually a great month for me, and it’s looking really slow as well. And talking to others, I’m not alone.
Economic indicators lag by a few months, so in a couple of months, when the numbers for the first quarter are released, we’re going to see that they were much worse than expected, and that was mostly BEFORE the Iran War.
We are already in a recession, and headed for a Depression. I can’t wait for the election, because no matter what MAGA does, there is going to be change, one way or another.
Thanks Trump.
The worse part is how MAGA will find a way to not blame themselves.
They don’t even blame anymore. They just completely ignore it and say “BEST BIGLY JOB NUMBERS EVER!!1” and don’t even acknowledge there was a problem to begin with.
Republicans have had complete control of Texas for 30 years and they still successfully drum up their base by blaming problems on the Democratic party.
Of course this is obviously Obama’s fault by way of Biden.
They never do. If it requires someone to create a fake movement and a fake party for them like the teabaggers, they will surely do it.
Just watch: many of them will pretend they never even heard of this Donald guy for a while, then go right back to voting R to put everything in reverse again at the very next election. Just like they did with W and the “tea party” thing. Weird how all those people that were for the “tea party” were and are Republicans…