Originally published at: Latest Jobs Report Suggests Tariffs Harming Blue Collar Work, Counter to White House Narrative - TPM – Talking Points Memo
Tuesday morning gave us the latest set of data indicating that President Donald Trump’s tariffs regime is not, in fact, making manufacturing great again. The November jobs report released by the Bureau of Labor Statistics suggested that the tariffs are not protecting blue collar jobs, and may well be hiking prices this holiday season. And…
Trump campaigned as a populist, but his policies and governance are the opposite. Many MAGA Average Joe and Average Jane voters have yet to understand or acknowledge that they have been snookered. It’s gonna get ugly once they realize that “Hell Hath No Fury Like a MAGA Voter Scorned!”
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If it hasn’t been done already, I’d like to see someone put together a video of Drumpf’s biggest hits that reinforce your point:
-Him saying repeatedly during his first run for office how much he LOVES stupid people;
-His repeated lies about how he was going to bring down the price of everything on his first day in office
-His naming of a huge number of countries as shithole countries and their people as lazy etc.;
-His pushing of quack medicines, while simultaneously disclaiming responsibility for anything bad going on;
-His cutoff of foreign aid to poor countries followed by some realistic estimation of how many have died due to starvation and poor medical care since then;
-A montage of people who voted for him saying they didn’t vote for the results they’ve gotten.
I’m sure someone smarter than me can come up with many more.
At some point his base will have to understand that they’ve been used and discarded like a box of Kleenex or whatever brand of facial tissue. Even the dumbest person can see how badly things are going for them, and making it clear why that is might sink in.
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By the time they figure out they’ve been snookered, TSF will be at least 6 billion dollars richer.
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Expect something along these lines from KKKaroline: “While fake news will paint these numbers as bad news for the administration, what they actually show is that we have been hamstrung by obsolete laws and harmful regulations despite the president’s laser-focus on the economy. To that end, we will continue to eliminate harmful environmental, health and safety regulations; get rid of OSHA and the EPA; require states to reduce every permit application to a single page and require that every permit be approved within 30 days; and eliminate state environmental review of all projects.”
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Increasing the cost of inputs to businesses leads to higher costs, slower sales, and reduced employment.
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Trump said he will address the country at 9PM ET tomorrow to say how great he is doing- Hope he says A++++++. I wonder how many times he will mention Biden, Obama or Reiner? The networks should not air this propaganda lie fest- they are still afraid of him so they won’t push back now.
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As I listened this morning to the business channels, it was all sunshine and roses. More people are going to have to tell their financial stories to get the message out. I know there are people hurting because only one side is being heard.
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It will be everybody’s fault, but the administration’s
They will blame Obama.
They will blame Biden.
They will blame everybody but themselves because they can do no wrong.
Oh how the mighty will fall.
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A more accurate banner would be Higher Prices, Lower Paychecks
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Well, that’s classic “populism”, though, isn’t it? Use the “help you good and decent Working People!” come on, so that you can turn around and serve your wealthy benefactors when elected to office? If you do it right, the rubes won’t catch on for years – if ever.
November Jobs…
Trade and transportation were two additional sectors hit particularly hard. General merchandise retailers — the Walmarts, Costcos and Targets — shed about 7,000 jobs, but were up slightly compared to last November. And transportation took a major hit this holiday season, with couriers and messengers seeing double-digit decline.
This part keeps getting missed!! It’s Christmas!
And retailers along with transportation are laying off people??!
This is the time when all retail is hiring walking warm bodies, but instead people are getting laid off. We’re headed for a nightmare.
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Construction jobs, however, are increasing. The industry added 28,000 jobs month over month, and has a higher number of jobs compared to this time last year. Analysts understand this gain to be generally associated with data center construction and other AI-related building projects. Experts have also mulled the risks that could come with the U.S. economy and building industry being propped up so significantly by just one driver.
What’s needed just about everywhere is affordable residential housing, not AI-related building projects that lead to increased electricity costs and water shortages for residents.
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Federal Reserve Chair Jerome Powell at a press conference last week said the Fed believes BLS numbers may be overstating hiring by about 20,000 jobs per month.
Powell said something different, “Payroll jobs averaging 40,000 per month since April. We think there’s an overstatement in these numbers by about 60,000. So that would be negative 20,000 per month.” In other words, the hiring numbers are overstated not by 20,000 a month but by 60,000, leaving the country with negative job growth of 20,000 if growth is reported at 40,000 a month.
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The AI bubble is a real thing and it is a danger of epic proportions. Has anybody seen a real advance in productivity from AI? Everybody seems to be trying AI but so far the promise has been just that, a promise. Nothing has been delivered. What if nothing is delivered for years to come?
The problem with AI is that it doesn’t make breakthroughs. It just makes doing the same repetitive work a little easier.
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