Trump can't handle bad news....so he punishes the messenger. The fact is that Trump's fucked up tariffs are scaring U.S. employers and they do not want to hire more people.
So even our economic data is going to be a total lie from now on.....because Trump can't handle the truth. The Bureau Of Labor Statistics is probably going to report 500,000 new jobs every month just to please Trump.
Trump supporters might think this is good news....more Trump lies about the economy....but this will definitely hurt the U.S. economy over the next few years. Business investment will completely dry up in this country if they can't trust the economic data coming from the Federal government.
From the Washington Post --
After campaigning on a pledge to free business from worrying about Washington’s dictates, Trump has made public policy — and his own norm-busting behavior — the primary variables affecting the $30 trillion U.S. economy, economists said.
It all adds up to an economy that grew at an annual rate of 1.2 percent over the first half of the year, a notable downshift from its 2.4 percent pace at the end of 2024. The S&P 500 index, which has been on a tear since mid-April, reacted by shedding 2.5 percent of its value this week.
“We’re seeing dramatic changes in policy across multiple dimensions. Trump inherited an economy that was in very good shape, that was in balance. He is trying to move it to a different equilibrium. And the corporate sector and everyone else are in the process of adjusting,” said Eric Winograd, senior vice president of AllianceBernstein in New York.
That adjustment grew even tougher on Friday, when the president ordered the head of the Bureau of Labor Statistics fired over claims that she had tampered with employment figures to hurt him politically, without presenting evidence.
Even as the costs of his policies became more apparent, the action ignited worries that Trump’s volatile temperament could cause additional economic harm by undermining market confidence in the government data that investors, business executives and policymakers require to make decisions.
Firing a nonpartisan analyst for delivering bad news was “straight out of an autocratic playbook,” said Heidi Shierholz, former chief economist of the Labor Department and now the president of the Economic Policy Institute, a left-of-center think tank.
“If policymakers and the public can’t trust the data — or suspect the data are being manipulated — confidence collapses and reasonable economic decision-making becomes impossible. It’s like trying to drive a car blindfolded,” she said.
What provoked Trump’s ire was news that employers had created just 73,000 jobs in July and that the BLS had overstated hiring for the prior two months by 258,000 positions. The downward revisions left total new hiring over the past three months at an anemic 106,000 compared with the 368,000 jobs created during the same period in 2024.
