Noking
Fight authoritarianism support Noking
Very little of what you’ve heard about presidential ‘deals’ is true. It’s really a shakedown on behalf of Trump’s desires and corporate whims.
Evidence is growing that the decent U.S. economic picture this spring was mostly a mirage. Employment has close to flatlined over the past three months, with large downward revisions for May and June. (This is what happens when you defund government data collection: The initial numbers are inaccurate and the revisions are larger. Errors are likely to increase given that on Friday, President Trump fired Erika McEntarfer, the head of the Bureau of Labor Statistics, in retaliation for the bad figures.) Labor force participation is down and the only real job growth is coming from health care and related services, precisely the industries that were savaged with at least $1 trillion in cuts in the Republican mega-bill. The economy is converging toward stagflation, with higher inflation and higher unemployment.
prospect.org
Evidence is growing that the decent U.S. economic picture this spring was mostly a mirage. Employment has close to flatlined over the past three months, with large downward revisions for May and June. (This is what happens when you defund government data collection: The initial numbers are inaccurate and the revisions are larger. Errors are likely to increase given that on Friday, President Trump fired Erika McEntarfer, the head of the Bureau of Labor Statistics, in retaliation for the bad figures.) Labor force participation is down and the only real job growth is coming from health care and related services, precisely the industries that were savaged with at least $1 trillion in cuts in the Republican mega-bill. The economy is converging toward stagflation, with higher inflation and higher unemployment.
Trump’s Tariffs Are Kleptocracy in Action
Very little of what you’ve heard about presidential ‘deals’ is true. It’s really a shakedown on behalf of Trump’s desires and corporate whims.
prospect.org