Trumpenomics

[jon-nyc]

It’s always interesting to see how much these otherwise intelligent people are willing to debase themselves in front of their entire profession (and be complicit in harming the American economy) all in service to Donald Trump.

[jon-nyc]

@jon-nyc said in Trumpenomics:

75% of the new jobs were in healthcare. That seems odd. Maybe that’s just a normal month in an industry that is growing as a percentage of gdp.

In fact if you take out healthcare and private education there was a net loss of 43k jobs.

[LuFins Dad]

[jon-nyc]

ChatGPT says of the 16.1 Million jobs created during the Biden administration, 1.4MM were in the government sector.

Grok estimates 15.6MM total jobs, though it acknowledges (without prompting) that some sources have it at 16.1. Of its estimated 15.6 MM new jobs it puts 1.7MM as government jobs.

So that’s an average of between 290k and 304k non-governmental jobs per month added during the prior administration.

[jon-nyc]

But that’s sort of irrelevant.

I think what we’re seeing here is that most industries aren’t making expansion plans in the face of economic uncertainty. That economic uncertainty, perhaps uniquely in our economic history, has a single author who just fired the head of his labor statistics department.

[Doctor Phibes]

@jon-nyc said in Trumpenomics:

a single author who just fired the head of his labor statistics department.

I wonder if he was actually fired for pointing out that a 1500% decrease in expense is something that only a moron would talk about.

[Renauda]

@Doctor-Phibes said in Trumpenomics:

@jon-nyc said in Trumpenomics:

a single author who just fired the head of his labor statistics department.

I wonder if he was actually fired for pointing out that a 1500% decrease in expense is something that only a moron would talk about.

Maybe Trump was just confused and mistook an estimated savings range of 1% to 5% with a net reduction of 1500%.

That or Trump just rounded up to 1500% for the sake of simplicity.

[Axtremus]

Get your back-to-school shopping done early before tariffs hit:

https://thehill.com/homenews/education/5435418-back-to-school-trump-tariffs-trade-war/

[Axtremus]

Japan's trade deal:

https://www.washingtonpost.com/world/2025/08/08/us-japan-trade-deal-dispute/

With no provisions committed to a formal document, the fact sheets that both governments released have conflicting information.

[jon-nyc]

I assume ‘70%’ refers to the portion of the tariff that will hit consumers come fall.

[89th]

Yeah I'd imagine not many companies will just "eat" the import tax without passing it onto the price

[Axtremus]

Another 90-day pause on tariffs on imports from China:

https://www.theguardian.com/us-news/2025/aug/11/trump-china-tariffs-deal-deadline

[xenon]

The economy is going to be stuck in 3rd gear until these guys can decide whether to shit or get off the pot.

[Axtremus]

They may try to occupy the pot and edge forever.