Anonymous wrote:Anonymous wrote:The economic catastrophe that is coming will shame MAGA for generations. Be sure to take photos of your Trump supporting relatives so you have evidence to shame them with when they’re struggling. It’s going to be ugly!
I believe that my mom would be less maga if she thought she was going to live to see the consequences. But at 80, she's just gleeful that she's making a lot off her investments. "It's coming in faster than I can spend it!"
She literally shrugs at the bloodbath in my profession, and leaves the room when I ask her what she thinks the economy will look like for her grandchildren.
Anonymous wrote:Anonymous wrote:Anonymous wrote:Today’s jobs report includes a downward revision for the month of June, saying the U.S. labor market had lost -13,000 jobs that month, much lower than a previous estimate of +14,000 jobs added.
It marked the first monthly job loss since December 2020.
Wow, does anyone remember who was president then?
He sucks at the economy. I don’t know why MAGA thought their lives were better under Trump 1.0?
Anonymous wrote:Anonymous wrote:The economic catastrophe that is coming will shame MAGA for generations. Be sure to take photos of your Trump supporting relatives so you have evidence to shame them with when they’re struggling. It’s going to be ugly!
I believe that my mom would be less maga if she thought she was going to live to see the consequences. But at 80, she's just gleeful that she's making a lot off her investments. "It's coming in faster than I can spend it!"
She literally shrugs at the bloodbath in my profession, and leaves the room when I ask her what she thinks the economy will look like for her grandchildren.
Anonymous wrote:Anonymous wrote:The economic catastrophe that is coming will shame MAGA for generations. Be sure to take photos of your Trump supporting relatives so you have evidence to shame them with when they’re struggling. It’s going to be ugly!
I believe that my mom would be less maga if she thought she was going to live to see the consequences. But at 80, she's just gleeful that she's making a lot off her investments. "It's coming in faster than I can spend it!"
She literally shrugs at the bloodbath in my profession, and leaves the room when I ask her what she thinks the economy will look like for her grandchildren.
Anonymous wrote:Anonymous wrote:Trump's response to the horrible jobs reports was to post about Epstein. That is how bad the jobs reports is.
That says it all. The economic numbers are so bad he's using Epstein as a distraction.
Anonymous wrote:Anonymous wrote:Since there is a 4 year thread on Biden's economy, we may as well get this one going.
Trump is already undermining the markets and the economy that Biden had produced in the wake of COVID and the related supply chain issues.
Trump is promising to bring down inflation, continue to grow the markets and protect American companies with tariffs.
He is already saying he will exempt Apple and Tesla from tariffs (because the bribes are too hard to pass up)
Trump will have little control over what we'll see out of the economy over the next four years. Our economy is a very huge ship that turns very slowly. The only things Trump and Biden have done that have had a noticeable impact on the economy is fueling inflationary pressures with all the Covid rescue dollars they pumped into the economy in 2020 and 2021. Neither Trump or Biden has ever done anything that has had a noticeable impact on the economy in a manner most Americans would consider helpful.
Anonymous wrote:Trump's response to the horrible jobs reports was to post about Epstein. That is how bad the jobs reports is.
Anonymous wrote:The economic catastrophe that is coming will shame MAGA for generations. Be sure to take photos of your Trump supporting relatives so you have evidence to shame them with when they’re struggling. It’s going to be ugly!
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:August Non-Farm Jobs Report
22k vs expected 75k
4.3%unemploymnet
Revised July Report
79k from originally reported 73k
Underemployment rate. 8.6% up from last month
We are not winning
And btw, equities went up on the news that people are not working. Apparently, it is a positive sign that the interest rates will definitely be cut, maybe three cuts this year. Great for businesses wanting to borrow money, not so great for the under and unemployed people.
Yeah this is what people mean when they say the stock market is not the economy. But it is possible to have record high stock markets and amazing job numbers, i.e. our previous President.
Yes but it's not possible to have all of that and a happy MAGA base.
Anonymous wrote:Anonymous wrote:Today’s jobs report includes a downward revision for the month of June, saying the U.S. labor market had lost -13,000 jobs that month, much lower than a previous estimate of +14,000 jobs added.
It marked the first monthly job loss since December 2020.
Wow, does anyone remember who was president then?