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The Economy

Ag trade sets a record, but not a good one.

US Farm Trade Deficit Widens to New Record as Imports Surge

Agricultural exports lagged imports by $4.97 billion in July, a gap 9% wider than a year earlier and the largest on record for the month. That pushed the sector’s deficit to an unprecedented $33.6 billion for the first seven months of the year, according to data released Monday by the US Department of Agriculture.
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The US imported more than $132 billion in agricultural goods in the first seven months of 2025, almost 8% more than a year earlier. Meanwhile, the sector’s exports slid 1.3% to $98.8 billion, according to USDA data.
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Hey MAGA sheep, is Donnie’s Department of Agriculture releasing fake news? The Petulant Man-Baby is going to want to fire someone. 😆
 
The economy was bad when Trump took over; his tariffs haven't made it better, but worse, and so did the Big Spending Bill that he and The Johnson rammed through.
 
A reminder that Trump inherited a strong economy …

MajorRewrite said:
Best 2 years for stocks since 1997-1998

Bidenomics! ⭐️⭐️ But analysts worry about the Trump effect for 2025.
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MajorRewrite said:
Continued good employment news.

https://finance.yahoo.com/news/us-unemployment-claims-fall-211-134143944.html
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MajorRewrite said:
Construction spending increased 3% over the 12 months ending in November.

Construction spending is well above the level of the first Trump administration.

View attachment 2457792
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MajorRewrite said:
The value of the dollar rose against other currencies throughout the Biden administration, and is higher than at any point during the Trump administration.

View attachment 2460847https://tradingeconomics.com/united-states/currency
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MajorRewrite said:
US exports are at an all-time high. 🏆



But the trade gap widened on fear of Trump’s tariffs …
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MajorRewrite said:
US labor market finishes 2024 on high note, adding 256,000 jobs in December as unemployment falls to 4.1%

Good economic news is welcomed by real Americans, but MAGAs are probably mad because Biden is going out strong.
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MajorRewrite said:
The Biden administration job creation record …

Total employment

January 2020 156,994,000 (pre-pandemic)
January 2021 148,383,000 (takes office)
December 2024 161,294,000

4.3 million more jobs now compared to peak employment during the Trump administration.

12.9 million more jobs than when Biden took office.

https://www.bls.gov/webapps/legacy/cpsatab1.htm
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MajorRewrite said:
This may be the most interesting economic thing that happened during the Biden administration. Growth of the median wage stayed within a narrow band (between 3% and 4%) during the Trump administration even during the pandemic. But when the pandemic ended, there were “help wanted” signs everywhere and wage growth shot up to over 6%.

View attachment 2466874

https://www.atlantafed.org/chcs/wage-growth-tracker.aspx
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MajorRewrite said:
Good news ⭐️

U.S. economy grows solid 2.3% from October to December, 2.8% for full year 2024



Despite what Doddering Donnie says, he inherits a strong economy.

The strength of the US economy contrasts with Europe …
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MajorRewrite said:
Personal consumption continues to soar (and yes, this data is adjusted for inflation). MAGAs pretend the economy is a disaster but facts say it is strong. Totally Fact-Free MAGAs!

View attachment 2481963
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MajorRewrite said:
Inflation: the PCE index of inflation was 2.6% for 2024.
https://www.bea.gov/news/2025/personal-income-and-outlays-december-2024

View attachment 2481974
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MajorRewrite said:
Well, no. The economy wasn’t bad when Trump took over. All of the economic data from 2024 was good.
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A basket of groceries that cost $100 in 2019 cost $136 in 2024. That's a bad economy. Gas, housing, clothing, and groceries were al way up during Biden's four years from when he took office.
 
SkyBubble said:
A basket of groceries that cost $100 in 2019 cost $136 in 2024. That's a bad economy. Gas, housing, clothing, and groceries were al way up during Biden's four years from when he took office.
Click to expand...
Yes it was a bad economic time with lots of contributing factors:

  • Trump left us behind the curve in battling COVID-19, and its effects were devastating.
  • The economy reeled as a result of that, driving up prices.
  • Ukraine was defending itself against an invasion and it affected food markets around the world. It is a major grain market, and it had an impact on the US prices as well.
  • Coming out of COVID, corporations took advantage of marketing and raised prices
  • We went through severe drought and floods also contributing factors
  • Costs of farm equipment and fertilizer increased significantly.
Are you implying we should have followed Trump's advice and let the 'common cold' take its course, kept schools open, business as usual, and we would have been just fine? That none of the above would have been factors?
 
Kind of reminiscent of the debate with trump in 2016 about his ideas for healthcare, paraphrasing 'I don't have a plan but I have a concept of a plan'. The economy is moving along as though there isn't a plan for growth, tariifs, trade, taxes, labor, direction... other than to cut taxes for the well to do and large corporations. The IRS is being taken apart, just as other federal agencies are, rules are being relaxed for large corp.'s - look at depreciation on equipment - and other aspects that dumps more of the burden on the middle and lower classes. A concept of a plan is not a plan hence the continuing changes to tariffs and more.

https://www.yahoo.com/finance/news/why-a-fed-rate-cut-might-not-help-the-stock-market-080026277.html

https://www.nbcnews.com/business/rcna229375 thanks rory for post on tariff threads
 

Revised Jobs Numbers Show How Nearly a MILLION Fake Jobs Were Reported to Make Commiela Harris Look Better​

By Ireland Owens, Daily Caller News Foundation • Sep. 9, 2025

(DCNF)—U.S. job growth in the year through March was much weaker than previously reported, according to Bureau of Labor Statistics (BLS) revisions released on Tuesday.

The U.S. economy likely added 911,000 fewer jobs in the year ending in March — or an average of almost 76,000 fewer each month — according to the BLS’ preliminary benchmark revision. The report comes after job growth slowed in August, with the U.S. economy adding just 22,000 nonfarm payroll jobs, according to data released Friday by BLS.

The jobs report revisions were even worse than the downward adjustment of 700,000 that was previously projected, Axios reported on Tuesday. The BLS’ final benchmark revision will be released in February 2026.

The revisions come after President Donald Trump fired BLS Commissioner Erika McEntarfer on Aug. 11 after the release of a lackluster July jobs report, alleging she had “faked the Jobs Numbers” ahead of the 2024 presidential election in an effort to “boost” former Vice President Kamala Harris’ “chances of victory.” Trump announced Aug. 11 that he had tapped conservative economist Dr. E.J. Antoni to replace McEntarfer as the next BLS commissioner.

“BLS’s massive downward revision of last year’s jobs numbers confirms what Main Street has long known: The Biden labor market was far softer than topline numbers indicated,” Alfredo Ortiz, CEO of Job Creators Network, said in a statement provided to the Daily Caller News Foundation. “President Trump inherited a weak labor market, which the Federal Reserve has kept stagnant through artificially high interest rates.”

https://thelibertydaily.com/revised-jobs-numbers-show-how-nearly-million-fake/

The entire Biden presidency was one big lie.
 
Rightguide said:

Revised Jobs Numbers Show How Nearly a MILLION Fake Jobs Were Reported to Make Commiela Harris Look Better​

By Ireland Owens, Daily Caller News Foundation • Sep. 9, 2025

(DCNF)—U.S. job growth in the year through March was much weaker than previously reported, according to Bureau of Labor Statistics (BLS) revisions released on Tuesday.

The U.S. economy likely added 911,000 fewer jobs in the year ending in March — or an average of almost 76,000 fewer each month — according to the BLS’ preliminary benchmark revision. The report comes after job growth slowed in August, with the U.S. economy adding just 22,000 nonfarm payroll jobs, according to data released Friday by BLS.

The jobs report revisions were even worse than the downward adjustment of 700,000 that was previously projected, Axios reported on Tuesday. The BLS’ final benchmark revision will be released in February 2026.

The revisions come after President Donald Trump fired BLS Commissioner Erika McEntarfer on Aug. 11 after the release of a lackluster July jobs report, alleging she had “faked the Jobs Numbers” ahead of the 2024 presidential election in an effort to “boost” former Vice President Kamala Harris’ “chances of victory.” Trump announced Aug. 11 that he had tapped conservative economist Dr. E.J. Antoni to replace McEntarfer as the next BLS commissioner.

“BLS’s massive downward revision of last year’s jobs numbers confirms what Main Street has long known: The Biden labor market was far softer than topline numbers indicated,” Alfredo Ortiz, CEO of Job Creators Network, said in a statement provided to the Daily Caller News Foundation. “President Trump inherited a weak labor market, which the Federal Reserve has kept stagnant through artificially high interest rates.”

https://thelibertydaily.com/revised-jobs-numbers-show-how-nearly-million-fake/

The entire Biden presidency was one big lie.
Click to expand...
That's not actually how it happened.

Jobs reports are based on surveys, which requires proper responses, which aren't always accurate or timely. The process needs work but it's not about the people doing the work.

Funny enough, the BLS person that was fired had no hand in compiling the data.
 
Rightguide said:

Revised Jobs Numbers Show How Nearly a MILLION Fake Jobs Were Reported to Make Commiela Harris Look Better​

By Ireland Owens, Daily Caller News Foundation • Sep. 9, 2025

(DCNF)—U.S. job growth in the year through March was much weaker than previously reported, according to Bureau of Labor Statistics (BLS) revisions released on Tuesday.

The U.S. economy likely added 911,000 fewer jobs in the year ending in March — or an average of almost 76,000 fewer each month — according to the BLS’ preliminary benchmark revision. The report comes after job growth slowed in August, with the U.S. economy adding just 22,000 nonfarm payroll jobs, according to data released Friday by BLS.

The jobs report revisions were even worse than the downward adjustment of 700,000 that was previously projected, Axios reported on Tuesday. The BLS’ final benchmark revision will be released in February 2026.

The revisions come after President Donald Trump fired BLS Commissioner Erika McEntarfer on Aug. 11 after the release of a lackluster July jobs report, alleging she had “faked the Jobs Numbers” ahead of the 2024 presidential election in an effort to “boost” former Vice President Kamala Harris’ “chances of victory.” Trump announced Aug. 11 that he had tapped conservative economist Dr. E.J. Antoni to replace McEntarfer as the next BLS commissioner.

“BLS’s massive downward revision of last year’s jobs numbers confirms what Main Street has long known: The Biden labor market was far softer than topline numbers indicated,” Alfredo Ortiz, CEO of Job Creators Network, said in a statement provided to the Daily Caller News Foundation. “President Trump inherited a weak labor market, which the Federal Reserve has kept stagnant through artificially high interest rates.”

https://thelibertydaily.com/revised-jobs-numbers-show-how-nearly-million-fake/

The entire Biden presidency was one big lie.
Click to expand...

Comrade RightGuide and the mentally disabled 86TintaNoitx2024nyding are pretending the revision doesn’t include months during the Trump administration. 😆

Mindless MAGA sheep are really bad at pretending.
 
Rightguide said:

Revised Jobs Numbers Show How Nearly a MILLION Fake Jobs Were Reported to Make Commiela Harris Look Better​

By Ireland Owens, Daily Caller News Foundation • Sep. 9, 2025

(DCNF)—U.S. job growth in the year through March was much weaker than previously reported, according to Bureau of Labor Statistics (BLS) revisions released on Tuesday.

The U.S. economy likely added 911,000 fewer jobs in the year ending in March — or an average of almost 76,000 fewer each month — according to the BLS’ preliminary benchmark revision. The report comes after job growth slowed in August, with the U.S. economy adding just 22,000 nonfarm payroll jobs, according to data released Friday by BLS.

The jobs report revisions were even worse than the downward adjustment of 700,000 that was previously projected, Axios reported on Tuesday. The BLS’ final benchmark revision will be released in February 2026.

The revisions come after President Donald Trump fired BLS Commissioner Erika McEntarfer on Aug. 11 after the release of a lackluster July jobs report, alleging she had “faked the Jobs Numbers” ahead of the 2024 presidential election in an effort to “boost” former Vice President Kamala Harris’ “chances of victory.” Trump announced Aug. 11 that he had tapped conservative economist Dr. E.J. Antoni to replace McEntarfer as the next BLS commissioner.

“BLS’s massive downward revision of last year’s jobs numbers confirms what Main Street has long known: The Biden labor market was far softer than topline numbers indicated,” Alfredo Ortiz, CEO of Job Creators Network, said in a statement provided to the Daily Caller News Foundation. “President Trump inherited a weak labor market, which the Federal Reserve has kept stagnant through artificially high interest rates.”

https://thelibertydaily.com/revised-jobs-numbers-show-how-nearly-million-fake/

The entire Biden presidency was one big lie.
Click to expand...
Nothing says propaganda and bs like the daily caller.

https://mediabiasfactcheck.com/daily-caller/
 
dmallord said:
Yes it was a bad economic time with lots of contributing factors:

  • Trump left us behind the curve in battling COVID-19, and its effects were devastating.
  • The economy reeled as a result of that, driving up prices.
  • Ukraine was defending itself against an invasion and it affected food markets around the world. It is a major grain market, and it had an impact on the US prices as well.
  • Coming out of COVID, corporations took advantage of marketing and raised prices
  • We went through severe drought and floods also contributing factors
  • Costs of farm equipment and fertilizer increased significantly.
Are you implying we should have followed Trump's advice and let the 'common cold' take its course, kept schools open, business as usual, and we would have been just fine? That none of the above would have been factors?
Click to expand...
WE were shut down mostly by Democrats. Remember when Trump attacked DeSantis and Kemp for re-opening "too early"? Republican state, on the whole, got their economies up and running a lot sooner than Democrat states did.

And remember, it was the Trump administration that brought in Operation Warp Speed to get a vaccine as quickly as possible -- roughly a year, as opposed to five years when the Obama government gave a single company a mandate to do a vaccine. Yet somehow, you want to blame Trump for not having a vaccine sooner. Are you one of those people who denied Trump actually had COVID when he got it during the campaign, then openly rooted for it to kill him like so many in your party?

The economy was in a worse state when Biden left than when he took office. Most of the "job growth" he bragged about was either jobs coming back from the pandemic lockdowns or more government jobs, paid for by the taxpayers. Prices skyrocketed. Especially essentials: Food, housing, gas, clothing.

Your feeble efforts to blame it on Ukraine or corporations don't hold water. The reason for teh corporate cost increases was the increased price of supplies caused by more government spending. Remember Biden's $6 trillion spending bill? We're still paying for that.

The only ways to pay for additional government spending are tax increases (which mean less money to produce goods and services and less money to buy them), borrowing (paid for by future taxes), or simply printing money backed by hot air. All three damage the economy.

The bad economy was the direct result of Biden's policies. Ye, he inherited a bad economy. His policies made it worse, and Trump's second term so far seems to be making it even worse than that.
 
Rightguide said:

Revised Jobs Numbers Show How Nearly a MILLION Fake Jobs Were Reported to Make Commiela Harris Look Better​

By Ireland Owens, Daily Caller News Foundation • Sep. 9, 2025

(DCNF)—U.S. job growth in the year through March was much weaker than previously reported, according to Bureau of Labor Statistics (BLS) revisions released on Tuesday.

The U.S. economy likely added 911,000 fewer jobs in the year ending in March — or an average of almost 76,000 fewer each month — according to the BLS’ preliminary benchmark revision. The report comes after job growth slowed in August, with the U.S. economy adding just 22,000 nonfarm payroll jobs, according to data released Friday by BLS.

The jobs report revisions were even worse than the downward adjustment of 700,000 that was previously projected, Axios reported on Tuesday. The BLS’ final benchmark revision will be released in February 2026.

The revisions come after President Donald Trump fired BLS Commissioner Erika McEntarfer on Aug. 11 after the release of a lackluster July jobs report, alleging she had “faked the Jobs Numbers” ahead of the 2024 presidential election in an effort to “boost” former Vice President Kamala Harris’ “chances of victory.” Trump announced Aug. 11 that he had tapped conservative economist Dr. E.J. Antoni to replace McEntarfer as the next BLS commissioner.

“BLS’s massive downward revision of last year’s jobs numbers confirms what Main Street has long known: The Biden labor market was far softer than topline numbers indicated,” Alfredo Ortiz, CEO of Job Creators Network, said in a statement provided to the Daily Caller News Foundation. “President Trump inherited a weak labor market, which the Federal Reserve has kept stagnant through artificially high interest rates.”

https://thelibertydaily.com/revised-jobs-numbers-show-how-nearly-million-fake/

The entire Biden presidency was one big lie.
Click to expand...
True.
 
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