Economic News

[Zoo_View]

Come on man. The whole reason the Trump administration fired the last BLS commissioner is that it was mad the monthly reports made it look bad. No one with a brain thinks that her firing had anything to do with some wonkish dispute over whether monthly job reports are accurate. Everyone with a brain understands that if the monthly job reports and revisions made Trump look good, they would be staying. Everyone with a brain understands that this guy is being put into his position to do whatever he can to create or massage data that instead makes the administration look good. He's a Heritage Foundation and Project 2025 veteran and there is zero reason to believe he will do anything than exactly what the administration wants him to do. So if you don't believe the Trump White House you have zero reason to treat credulously anything said by the people who are taking their orders from the Trump White House.

 

[CFordUNC]

Republicans have become a bunch of Marxists!

 

[BillOfRights]

More fascism

Goldman economist stands by tariff prediction after Trump blasts bank

https://www.cnbc.com/2025/08/13/goldman-stands-by-call-that-consumers-will-bear-the-brunt-of-tariffs-after-trump-blasts-banks-economist.html?__source=androidappshare

 

[nycfan]

 

[nycfan]

 

[superrific]

He doesn't have to be a yes man or change one bit. He has been writing complete bunk and economic spin for the Heritage Foundation. He was also involved in Project 2025. So it is already his schtick to present the most favorable interpretations for Trump as possible in the best case scenarios. And he flat out lies and makes up his own numbers, or focuses on irrelevant ones, in the worst cases.

Thanks. I'd never heard of this guy before now.

 

[ZenMode]

TACO!!!!!!

Trump extends China tariff deadline by 90 days

https://www.cnbc.com/2025/08/11/trump-china-tariffs-deadline-extended.html?__source=androidappshare

I know it's late, but i thought this was funny.

 

[Duke Mu]

Republicans have become a bunch of Marxists!

So much federal overreach into business, trade, economy, education, states, local city governments, etc..

Technically, government control over business, education for PROFIT is National Socialism (Nazi)...but the effect is the same.

Whatever it is - It certainly isn't conservatism or traditional Republican policies.

 

[Duke Mu]

but we're taking trillion$ from China in tariffs!

 

[rodoheel]

This is what you get from 45 years of pointless tax cuts, mostly benefiting the rich.

 

[BillOfRights]

So much federal overreach into business, trade, economy, education, states, local city governments, etc..

Technically, government control over business, education for PROFIT is National Socialism (Nazi)...but the effect is the same.

Whatever it is - It certainly isn't conservatism or traditional Republican policies.

I'll go with "fascism".

 

[mpaer]

This is what you get from 45 years of pointless tax cuts, mostly benefiting the rich.

And I always like to get back to the State of NC.. we are talking about giving up like 40 Billion in total Stae and Federal Revenue since they took over .............Most avg folks save like $150 a year

 

[nycfan]

 

[Bigs23]

Not even surprising.