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Topic Title: The New Trump Recession
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Created On: 08/06/2025 03:21 PM
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 08/06/2025 03:21 PM
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fishkller

Posts: 25233
Joined Forum: 11/13/2016

Oh Shit! HIDE IT IT!! FIRE THEM!

Get George Santos outta jail, we need his lying skills!



The jobs report that enraged Trump was flashing a recession warning sign


The bad news in last Friday's jobs report may have been overshadowed when President Donald Trump fired the commissioner in charge of producing it. But economists haven't forgotten about America's job market - and they're growing concerned.

Some of the jobs report data has economists using a word they haven't uttered in several months: recession.

Hiring over the past three months slowed dramatically, creating problems for the economists and statisticians at the Bureau of Labor Statistics whose job is to make sense of the payroll data they get from thousands of businesses across the country. As new data came in about May and June's employment, the BLS was forced to sharply lower those months' job totals from their preliminary estimates.

The BLS revised May and June's jobs totals lower by a combined 258,000 jobs. That massive revision gave economists some serious agita. Larger revisions have happened before, but every time changes that large have taken place over the course of at least two months, the US economy has been in a recession - at least since records began in 1968.

"The job market is terrible," said Douglas Holtz-Eakin, former director of the Congressional Budget Office during the George W. Bush administration. "Outside of education and health, the economy has lost private sector jobs in the past three months. That's terrible."

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What's taking so long, Donzo?


Edited: 08/06/2025 at 03:27 PM by fishkller
 08/06/2025 05:25 PM
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Cole

Posts: 73399
Joined Forum: 07/22/2003

Is the GDP report being released by a Trumper?

From -.5 to 3.0 in three months?

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I was right.
 08/06/2025 06:08 PM
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gdudewe

Posts: 5242
Joined Forum: 11/09/2011

There has never been an economy this good!

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It was fun while it lasted.
 08/06/2025 06:09 PM
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gdudewe

Posts: 5242
Joined Forum: 11/09/2011

Just ask the 1%ers

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It was fun while it lasted.
 08/06/2025 06:37 PM
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3rdworldlover

Posts: 23421
Joined Forum: 07/25/2003

Crypto bro!
 08/06/2025 07:20 PM
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gdudewe

Posts: 5242
Joined Forum: 11/09/2011

Originally posted by: 3rdworldlover

Crypto bro!


Oh, and some NFT's.


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It was fun while it lasted.
 08/07/2025 06:59 AM
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Cole

Posts: 73399
Joined Forum: 07/22/2003

How about a meme coin that's backed by a terrorist sponsoring country?

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I was right.
 08/07/2025 08:12 AM
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gdudewe

Posts: 5242
Joined Forum: 11/09/2011

I think dipshit has thrown around "tariffs" so much he "Tariffed" the USA for 35%

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It was fun while it lasted.
 08/08/2025 08:27 AM
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fishkller

Posts: 25233
Joined Forum: 11/13/2016


Well we certainly have a new 18-25% TAX.

I'm sure that will do wonders for the consumer.

I love how the MAGA geniuses got the EXACT OPPOSITE of what they voted for.

"It's the Economy, I'M Stupid"

hehehe

hey those 1 percenter Mega-Mansions aren't gonna build themselves, Bubba.. they need your cash!



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What's taking so long, Donzo?
 08/08/2025 09:16 AM
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gdudewe

Posts: 5242
Joined Forum: 11/09/2011

I wonder what happens if you just stop filing taxes? I mean they don't. We know they really shorthanded at the IRS. Just be like "you know what, fuck it"

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It was fun while it lasted.
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