Trump take jobs
By 
There’s a certain kind of cynicism that sees itself as highly sophisticated that assumes that of course Donald Trump doesn’t believe in anything, he just wants power. That version of Donald Trump would be less dangerous to the country in the short-term — which its why it’s a good rationalization for people wanting Trump to win to own the libs — but much more dangerous in the long term, because a Trump who was just presiding over the Biden economy to much more acclaim from the press and throwing out some culture war red meat would have approval ratings that would make authoritarian consolidation much easier.
The real Donald Trump, however, is wrecking the economy and making people’s lives materially worse because he really believes a lot of crazy shit he’s consistently believed since the 80s, while also being a Republican:
Job creation sputtered in August, adding to recent signs of labor market weakening and likely keeping the Federal Reserve on track for a widely anticipated interest rate cut later this month.
Nonfarm payrolls increased by just 22,000 for the month, while the unemployment rate rose to 4.3%, according to a Bureau of Labor Statistics report Friday. Economists surveyed by Dow Jones had been looking for payrolls to rise by 75,000.
The report showed a marked slowdown from the July increase of 79,000, which was revised up by 6,000. Revisions also showed a net loss of 13,000 in June after the prior estimate was lowered by 27,000.
The larger-than-usual downward revision last month was in large part driven by a negative skew in the job growth distribution among late reporting firms. That’s unusual, but it’s happened before when the pace of job growth slows rapidly. This print is more evidence that was the case
[image or embed]— Erika McEntarfer (@erikamcentarfer.bsky.social) Sep 5, 2025 at 8:42 AM
Now, if you’re a very rich person whose income is derived from some combination of a .1% salary and passive income, you’re fine — you just got a huge tax cut and the markets are going up because investors anticipate interest rate cuts and Trump protected a lot of the big S&P 500 components in the existing round of tariffs. For the country as a whole, and not least for the marginal non-affluent Trump voter, though, the news will be much worse.
…good and hard:
Which industries was trumponomics supposed to be helping again?
[image or embed]— Preston Mui (@prestonmui.bsky.social) Sep 5, 2025 at 8:51 AM