The Economy

[MajorRewrite]

Employment continues to be stable

Jobless claim applications fell by 9,000 to 215,000 for the week ending April 12, the Labor Department said Thursday.

Weekly applications for jobless benefits are considered a proxy for layoffs, and have mostly stayed between 200,000 and 250,000 for the past few years.

The total number of Americans receiving unemployment benefits for the week of April 5 jumped by 41,000 to 1.89 million.

 

[DeluxAuto]

Boebert says Wall Street is full of commies who are selling their stocks to hurt trump.

 

[Politruk]

Boebert says Wall Street is full of commies who are selling their stocks to hurt trump.

Not even Boebert can possibly be that stupid.

 

[ll74]

Apparently the free ICE jeep rides are not enticing enough to increase tourism.

Who knew?

 

[DeluxAuto]

Bondi admits to being an uninformed MAGAt.

https://www.facebook.com/reel/1143770660451067?mibextid=rS40aB7S9Ucbxw6v

DOGE

Pam Bondi threatens prosecution amid DOGE's findings about fraud: 'We're coming after you'​

Bondi thanked Elon Musk for uncovering 'a tremendous amount of fraud'​

By Andrea Margolis Fox News
Published March 24, 2025 8:07pm EDT

U.S. Attorney General Pam Bondi issued a stern warning to those engaged in government fraud at the most recent Cabinet meeting on Monday.

Speaking with President Donald Trump present at the meeting, Bondi thanked Tesla CEO Elon Musk for uncovering "fraud, waste and abuse" through the Department of Government Efficiency (DOGE) initiative.

"A lot of waste and abuse, but there is a tremendous amount of fraud," Bondi began. "And, Elon, thank you for your partnership. Thank you for your team. You have uncovered so much fraud in our government."

Bondi then revealed that an internal task force is involved with bringing those accused of fraud to justice.

https://www.foxnews.com/politics/pa...es-findings-about-fraud-were-coming-after-you

 

[DeluxAuto]

Unforced errors

https://twitter.com/x/status/1915143264434610688

 

[Lazaran]

Unforced errors

https://twitter.com/x/status/1915143264434610688

In the original story, it was a child who finally pointed out the emperor had no clothes…

Damn woke remakes…





We. Told. Them. So.

 

[coati]

Most of the international damage caused by Trump's capricious and bizarre economic decisions is irreversible for as long as he is President. And this also means that the U.S. economy (and value of the dollar) is fucked for a very long time, even after Trump is eventually ejected from office.

World markets will never be assured that the Amerikan electorate will not elect yet ANOTHER flim-flam artist.

 

[Politruk]

The Chinese get a yuge win by just waiting for Trump to tire himself out.

Good way to deal with a toddler.

 

[MajorRewrite]

Job openings dropped in March, and the February number was revised downward. Will the MAGAs accuse the Trump administration of lying because of the revision? That’s what they said about Biden.

New data from the Bureau of Labor Statistics showed 7.19 million jobs open at the end of March, a decrease from the 7.48 million seen in February. Job openings in March hit their lowest level since September 2024 and were near levels not seen since December 2020.

The February figure was revised lower from the 7.57 million open jobs initially reported.

 

[MajorRewrite]

Uh oh. Shrinking economy and the tariff impact has barely started yet.

 

[Bn2f]

 

[Lazaran]

Managing the decline and shrinking economy is Trump's job. Refusing to acknowledge decline would drop us off a cliff into catastrophic decline, a sudden end of the nation.

DonOld is pushing America “off a cliff”, dipshit.



We. Told. Them. So.

 

[DeluxAuto]

Trump Has Insane Excuse for Why Economy Is So Terrible

Does Donald Trump realize it’s already Q2?

“I didn’t take over until January 20th,” Trump wrote. “Tariffs will soon start kicking in, and companies are starting to move into the USA in record numbers. Our Country will boom, but we have to get rid of the Biden ‘Overhang.’ This will take a while, has NOTHING TO DO WITH TARIFFS, only that he left us with bad numbers, but when the boom begins, it will be like no other. BE PATIENT!!!”

What a pathetic loser.

 

[MajorRewrite]

Trump Has Insane Excuse for Why Economy Is So Terrible

Does Donald Trump realize it’s already Q2?

“I didn’t take over until January 20th,” Trump wrote. “Tariffs will soon start kicking in, and companies are starting to move into the USA in record numbers. Our Country will boom, but we have to get rid of the Biden ‘Overhang.’ This will take a while, has NOTHING TO DO WITH TARIFFS, only that he left us with bad numbers, but when the boom begins, it will be like no other. BE PATIENT!!!”

What a pathetic loser.

Yeah, Trump says the GDP dip has nothing to do with his tariffs, but the dip was entirely caused by a huge surge in imports. Why did imports surge? Companies rushed to import goods before Trump’s tariffs took effect. So the sole reason for the bad GDP report was Trump’s tariffs.

 

[ChloeTzang]

Bit of a stretch, Donnie. Bit of a stretch.....

 

[ChloeTzang]

For those that do not know, deadhead means they have an empty truck on the way back so no pay. Not worth the coast to coast trip if you only get paid on half of the trip. Other option is trucking rates go up for the one leg, but w/reduced cargo there will be fewer jobs. Mind you, California truck regulations strangling anyhow......but this could be the straw that broke the camel's back.

Mind you, not even sure if this is true at this point. There's so much bullshit flying around. The best indicator will likely be Walmart shelves - when they start emptying.....

 

[DeluxAuto]

Bit of a stretch, Donnie. Bit of a stretch.....

View attachment 2534007

You're a fucking liar, Donnie is what you meant to type.

 

[Lazaran]

You're a fucking liar, Donnie is what you meant to type.

Chloe is STILLwaffling on basic reality.



Chloe was far more certain when Chloe was giving DonOld credit for the stock market under President Biden. (and when DonOld was taking credit for said stock market under President Biden.)





We. Told. Them. So.

 

[Politruk]

U.S. economy shrank 0.3% in the first quarter as Trump policy uncertainty weighed on businesses

The U.S. economy contracted in the first three months of 2025 on an import surge at the start of President Donald Trump’s second term in office as he wages a potentially costly trade war.

Gross domestic product, a sum of all the goods and services produced from January through March, fell at a 0.3% annualized pace, according to a Commerce Department report Wednesday adjusted for seasonal factors and inflation. This was the first quarter of negative growth since Q1 of 2022.

Economists surveyed by Dow Jones had been looking for a gain of 0.4% after GDP rose by 2.4% in the fourth quarter of 2024. However, over the past day or so some Wall Street economists changed their outlook to negative growth, largely because of an unexpected rise in imports as companies and consumers sought to get ahead of the Trump tariffs implemented in early April.

Indeed, imports soared 41.3% for the quarter, driven by a 50.9% increase in goods, for the biggest growth outside the Covid pandemic since 1974. Imports subtract from GDP, so the contraction in growth may not be viewed as negatively given the potential for the trend to reverse in subsequent quarters. Imports took more than 5 percentage points off the headline reading. Exports rose 1.8%.

A slowdown in consumer spending and a sharp decline in federal outlays also contributed to the weak GDP number amid Elon Musk’s efforts at the Department of Government Efficiency.

“Maybe some of this negativity is due to a rush to bring in imports before the tariffs go up, but there is simply no way for policy advisors to sugar-coat this. Growth has simply vanished,” said Chris Rupkey, chief economist at Fwdbonds.

 

[MajorRewrite]

U.S. economy shrank 0.3% in the first quarter as Trump policy uncertainty weighed on businesses

The U.S. economy contracted in the first three months of 2025 on an import surge at the start of President Donald Trump’s second term in office as he wages a potentially costly trade war.

You have a bad habit of posting things that have already been posted.

 

[ChloeTzang]

Beijing is reportedly seriously considering devaluing the yuan—possibly by as much as 30%—to soften the impact of Washington’s increasingly aggressive trade policy.

This will be even more interesting. A yuan devaluation will have all sorts of effects.

https://www.msn.com/en-ca/news/worl...S&cvid=c11137be2c534c9388e4b9fc22d48b97&ei=31

 

[ChloeTzang]

"We have become death, the destroyer of small businesses.... and we don't care in the slightest......"

What a frigging asshole

 

[MajorRewrite]

The first 100 days of Trump 2 in one chart … at least the gold-bugs are happy.

 

[Lazaran]

"We have become death, the destroyer of small businesses.... and we don't care in the slightest......"

What a frigging asshole

View attachment 2534147

And understand this: The wealthy and corporations are currently propping up the stock market to give the false sense / impression that the economy is doing well enough to justify ANOTHER TAX CUT FOR THE WEALTHY & CORPORATIONS.



Ask yourself: Why isn’t the stock market crashing RIGHT NOW, after all the latest data on the economy has been released, and all the red lights are blinking???



The wealthy / corporations want their tax cuts & deregulation, and then once they get them, it will be: “Fuck the average working class American” as the wealthy / corporations “rug” the stock market.



Of course, the wealthy and corporations WILL fund the military at the expense of social programs, because the wealthy / corporations are currently in the process of turning the military’s sights on the average working class American and attempting to expand the military into domestic law enforcement in support of their oligarchical coup.

The Russification / Chinafication of the U.S. is at hand.

We. Told. Them. So.