By John Q. Hosedrinker 
The September jobs report, delayed due to the government shutdown, revealed a slowing labor market. Revisions to prior months showed that employment in July and August were overstated, with August’s job gains even turning into a loss. The report also indicated a decline in federal employment since January. Despite these economic indicators, a fresh survey shows that a majority of voters have a negative view of the economy.
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US erases job gains by 33K as voters blame Trump for handling of economy: The economic winds are shifting, and the impact is being felt across the nation. The latest figures show a concerning trend: job gains have been virtually wiped out, with a net loss of 33,000 jobs. Simultaneously, a growing number of voters are pointing their fingers at Donald Trump, laying the blame for the economic woes squarely at his feet. It’s a situation that underscores a broader narrative of economic instability and a consequential shift in public sentiment.
This economic downturn seems to be fueling what some are calling a “stagpression.” The cost of goods is climbing, while the value of labor is seemingly going in the opposite direction. Layoffs, instead of signaling economic strength, are casting a pall of uncertainty, raising questions about the true state of the economy. The promises of economic prosperity made by some, appear to be colliding with the reality of an economy that’s showing signs of strain.
It’s difficult to ignore the frustration boiling beneath the surface. Many had hopes pinned on the previous administration. But, when it comes to the economy, they see a lack of results. The irony is sharp: the same man who promised to make the country rich through tariffs and strong-arm tactics now faces questions about his ability to deliver on his economic promises. Some people see parallels with Trump’s past business ventures. His alleged pattern seems to involve leveraging bankruptcies for personal gain, while masquerading as a business guru. His lack of financial success prior to entering politics doesn’t seem to deter many from believing him.
It’s hard to ignore those who voted for Trump and hoped for an economic turnaround. Some people are openly wondering why anyone would expect positive economic change from someone with a history of bankruptcies. The economic concerns are compounded by the realization that some of the very people who advocated for Trump’s economic policies are now experiencing job losses and economic hardship. The “vibe check” for the economy seems to have been seriously misread by some voters.
It’s almost as if we tried to warn people. Remember the predictions made by economists and academics? They warned of a looming recession if certain economic plans were implemented. The voices of expertise seem to have been drowned out by the fervor of the moment, and now, the consequences are becoming apparent. The trade wars, the rhetoric, all seem to have had a detrimental impact on businesses and the broader economy. It’s a wake-up call, a harsh lesson in the realities of economic policy.
The economic indicators paint a somewhat troubling picture. There are concerns about the reliability of the data, with accusations that the numbers being reported aren’t painting a complete picture of the economic reality. If the numbers are bad, the truth might be even worse. Some are openly critical of voters who put their faith in Trump’s economic promises, choosing instead to ignore the warnings of economists.
The concerns about the economy don’t end there. There’s a growing sentiment that the economic policies favored by some are disproportionately benefiting the wealthy, while the middle and lower classes are left struggling. The policies are seen as a form of crony capitalism, where the elite benefit at the expense of everyone else. The question is being asked: Are we headed towards a period of economic instability?
The frustration is also directed towards those who voted for the policies and political figures that are being blamed for the current economic state. This is especially true when conservatives are proclaiming that things are great, while their supporters are experiencing job losses, financial difficulties, and dwindling access to social services. Some say it’s like watching a repeat performance: Republicans mess up the economy, Democrats step in to fix it, and then the cycle repeats itself. This only seems to benefit the investor class.
The anger is palpable, with many feeling that they are being left behind. The comparison to the robber baron era is stark, painting a picture of an economy where billionaires gut institutions and regulations designed to protect workers. The concern is that if this continues, the country could soon face a severe economic downturn. And so, the questions linger: who are the winners, and who are the losers in this unfolding economic drama? Are the wealthy, protected by their investments, while the rest of society faces the consequences?
The core accusation is that the previous administration approached the U.S. economy with a private equity model. Taking control, getting rid of those who understand the business, alienating customers, and watching the business fail. The argument is that the U.S. is now at the “watch the business fail” stage.
The blame game continues. The latest poll showed that the approval ratings of the previous administration’s handling of the economy were below average. Even Fox News, a news source that often shows support, reported less positive polling data. The argument is that this indicates that even those who supported Trump are not seeing improvements in their economic well-being, and they are starting to feel the impact of the economic downturn.
The data seems to be there: with Trump in charge, there were no gains. The underlying issues are being debated. H1Bs and offshoring are cited as potential factors for the economic difficulties. The rhetoric often focuses on the “orange piece of shit,” and the economic policies are being called engineered. The overall conclusion is that these policies, including the use of tariffs, might actually harm the global economy and negatively impact small businesses.