By John Q. Hosedrinker 
Recent revisions paint a bleaker picture of the labor market. The May and June job growth figures were drastically reduced, with a combined downward revision of 258,000 jobs. Over the last three months, the healthcare and social assistance industries were largely responsible for any job gains. Excluding healthcare, the job market saw significant losses across multiple sectors, including manufacturing, professional services, and retail.
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Trump Is Now Running the Worst Economy Since His Last Term in Office. Look, let’s be honest here, it’s not looking good. We’re talking about an economy that’s struggling, and frankly, it’s a direct result of the decisions being made. It’s almost as if a key ingredient for economic success involves not slapping tariffs on everything in sight and alienating our allies. The fact that he’s doing that, again, speaks volumes.
Yet, despite all the red flags, there’s this persistent narrative that things are somehow going well, and even that Trump was somehow great at running the economy. I mean, the polls last time around even seemed to reflect that sentiment. It’s baffling, really. How can someone who’s filed for bankruptcy multiple times be seen as a financial whiz? “Cut the interest rates to make it look good!” sounds like a strategy straight out of a failing casino, doesn’t it? And the talk about entering a “Golden Age” just rings hollow. It’s hard to take seriously when his business track record screams “failure.”
And here’s the kicker: There are serious concerns about data manipulation. Firing the person who downgraded jobs data is a clear signal that someone is playing games with the numbers. If things look this bad even with potential manipulation, the reality is probably far, far worse. We’re talking about job creation that’s barely registering, manufacturing jobs disappearing, and tariffs taking hold, just as the holiday shopping season begins. It’s a recipe for higher prices across the board, and the blame, as always, will fall on someone else.
The reality is that those who believed Trump was going to be a financial savior were largely driven by cultural anxieties, not by any real economic understanding. They were looking for a feeling, not facts. Trump’s economic “success” was nothing more than a talking point to distract from more uncomfortable truths. His previous term was a disaster, and now it seems the pattern is repeating itself.
And let’s not forget what happened the last time. He had to navigate a global pandemic, which he utterly bungled. Remember the shutdowns? The chaos? It was a mess. Now, we’re looking at similar missteps, and the consequences are likely to be just as damaging.
Let’s face it, the guy’s not built for governing. He’s too lazy. He has no desire to actually learn the intricacies of running a country. All he cares about is his media coverage. He’s going to choose the easy way out, consequences be damned.
The signs were there for anyone paying attention. He inherited a decent economy and, once again, appears to be running it into the ground. The feeling is just higher prices everywhere, chaos, and no real plan. And, let’s be honest, it’s just starting.
Is it any surprise? This is the same man who bankrupted a casino, twice! He’s good at failure. He could reverse the damage with a single move. He could drop the tariffs and immediately boost the economy, then take credit for it. But, as always, reality doesn’t seem to matter.
The administration will deny what is happening, and right-wing media will come up with a different story to avoid the truth. It’s all smoke and mirrors, with the ultimate cost being paid by the rest of us. And that’s the truth of the matter.