Trumpenomics

[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.

[jon-nyc]

Trump calls for Goldman Sachs to replace the economist responsible for the tariff report.

[89th]

I wonder how bad the facts culture is within the White House... I expect if anyone tells Trump real data it's like a recurring "Hitler finds out" scene playing over and over.

[Renauda]

@89th

[jon-nyc]

The data:

And the memes

[Axtremus]

Just put your MAHA hat on and tell yourself it's to get you to eat leaner protein.

[89th]

[LuFins Dad]

It surely does suck. I’ve been consoling myself with the fact that the Federal Government is no longer actively enabling the sterilization and genital disfigurement of children… I’ll live with having to cut down on steak in exchange for that.

Sure would have been nice to have both steak and healthy children, though.

[Axtremus]

Still better than the alternative, right, @LuFins-Dad ?

[LuFins Dad]

@Axtremus said in Trumpenomics:

Still better than the alternative, right, @LuFins-Dad ?

Reading comprehension fail? That’s what I pretty specifically said.

[89th]

The good news is the government won’t be able to fund sex changes ever again in the future either because in like 10 years we’ll be fresh out of any spending money at all as the interest on national debt absorbs every tax dollar.