President Donald Trump - J.D. Vance Administration

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www.breitbart.com

Breitbart Business Digest: Trump Vindicated by Jobs Slump; Powell Humiliated

The July jobs report was a disaster for the American worker, the U.S. economy, the Federal Reserve, and Jerome Powell.
www.breitbart.com www.breitbart.com

Theoretical models explain the mechanics. In Dynamic Stochastic General Equilibrium (DSGE) economic models—the very ones the Fed uses to guide policy—rate hikes suppress demand for capital goods and increase the cost of investment. Sectoral frictions and credit constraints amplify the damage. Employment falls not evenly, but along predictable fault lines: construction sites, factory floors, and white-collar firms that plan their hiring around growth expectations.

Meanwhile, more insulated sectors—health care, education, social assistance, and government—often continue to grow, cushioning the aggregate figures and masking the damage beneath.

Policymakers long relied on this knowledge—at least prior to losing their minds to Tariff Derangement Syndrome. It told them to expect weakness in the interest-sensitive corners of the economy to show up early in a tightening cycle. They should monitor whether that weakness metastasizes. But they took their eyes off the leading indicators in order to express their fear and loathing of import duties.

This month’s jobs report fits the historical pattern perfectly. It doesn’t indict trade. It indicts tight money. And it warns that the pain is no longer theoretical.
 
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#35,327
www.breitbart.com

Navarro: Numbers Show Jobs Created for Americans, BLS Is Incompetent, Economy Is Good, and Rates Being Too High May Be Issue

During an interview with NewsNation on Friday that was aired on "The Hill," White House Senior Counselor for Trade and Manufacturing Peter Navarro stated | Clips
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“What’s interesting to me, buried deep there, is that the number of jobs that have been created for native Americans — Americans have gone up over a million. … While the ones who are illegal aliens have gone down, and on that we’re better off. So that’s something you won’t hear reported very often, but it’s right there in the numbers. So, pick your number. Here’s the thing, Blake, despite what that number looks like, this economy is healthy in the sense that we’ve got the tax cuts, the big beautiful bill in place, we’re seeing tremendous investment because of the 100% expensing, because of the trade deals bringing things here. We’ve got a really good trajectory going forward.”

He added, “The only thing people should take away from the numbers today is that the BLS doesn’t know what the hell it’s doing and it’s time to flush that toilet.” He also argued the Fed would have cut rates if it had accurate jobs data and they should have cut rates.

Later, Navarro said, “If the Fed’s missing by just a half a point, that’s 750,000 jobs we don’t create. Now, put that together now with the jobs report that came out today, if the Fed’s [had] too high interest rates for the last six months or three — whatever, that accounts for what’s going on.”
 
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evillawyer said:
This is good, right?

Click to expand...

No. A guy should never go to Vegas alone. He’s giving off creeper vibes, could be the Ukraine flag in his handle. Could be the last picked in gym voice.

Went to Vegas a few months ago with my wife and it was thriving, plane was full, the concert was sold out and money was flowing.
 
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Questions For the Liberals: No one answered question 1 yesterday.

1). Should a non-citizen be allowed to vote?
2). If found, should fraud be eliminated within Medicaid/Medicare?
 
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NorthDallas40 said:
Lol. The data isn’t wrong junior. It’s incremental in nature and updated two times after release. That’s the nature of it and has been before your lord and savior took office. 🤡
Click to expand...


One reason intial data could need revisions is because intial data that was given was based on incomplete information and revisions are made after more data becomes available. The problem is not necessarily with revisions but that the initial data is way off from the revised data. Was the initial data a hoax to make Biden's numbers look good then revise afterwards? Quite possibly. BLS had to make a revision of almost ONE MILLION after putting out bad numbers to make BIden's job numbers look good. How can they be off by almost one million? If revised data is slightly off from the initial data that is understandable, but one million off? How can economists or whoever make accurate conclusions if revised data months down the road is consistently way off from the initial data?

There is an old saying...figures don't lie, but liars can figure. Can you prove that BLS or CBO are not politically biased putting out favorable numbers to help a Democrat only to revise later? People usually see the initial data but not the revised data that comes out months later.
BLS may be manipulating the data.






Bad Hombre
@joma_gc
·
18h
The Bureau of Labor Statistics Commissioner should have been fired by Joe Biden in August 2024 when job numbers were revised down by 818,000.

Now, President Trump is doing what Biden wouldn’t—firing this blatantly incompetent person.

But it shouldn’t stop there. The entire BLS staff needs a top-to-bottom audit, because reoccurring revisions of this magnitude don’t happen unless you’re hiring people who’ve never passed a basic statistics class. In other words, DEI hires.
 
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volbeast33 said:
I’m doing my part. I have been on two vacations and planning a third smaller trip. I just booked my hotel for the kickoff classic as well. Go Vols!!!
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Great! Thank you. But you've only partially done your part. You also need to spit on some Mexicans and get cozy with some pedophiles on your trips.
 
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jmacvols1 said:
One reason intial data could need revisions is because intial data that was given was based on incomplete information and revisions are made after more data becomes available. The problem is not necessarily with revisions but that the initial data is way off from the revised data. Was the initial data a hoax to make Biden's numbers look good then revise afterwards? Quite possibly. BLS had to make a revision of almost ONE MILLION after putting out bad numbers to make BIden's job numbers look good. How can they be off by almost one million? If revised data is slightly off from the initial data that is understandable, but one million off? How can economists or whoever make accurate conclusions if revised data months down the road is consistently way off from the initial data?

There is an old saying...figures don't lie, but liars can figure. Can you prove that BLS or CBO are not politically biased putting out favorable numbers to help a Democrat only to revise later? People usually see the initial data but not the revised data that comes out months later.
BLS may be manipulating the data.






Bad Hombre
@joma_gc
·
18h
The Bureau of Labor Statistics Commissioner should have been fired by Joe Biden in August 2024 when job numbers were revised down by 818,000.

Now, President Trump is doing what Biden wouldn’t—firing this blatantly incompetent person.

But it shouldn’t stop there. The entire BLS staff needs a top-to-bottom audit, because reoccurring revisions of this magnitude don’t happen unless you’re hiring people who’ve never passed a basic statistics class. In other words, DEI hires.
Click to expand...

1754141491406.gif
 
#35,343
#35,343
jmacvols1 said:
One reason intial data could need revisions is because intial data that was given was based on incomplete information and revisions are made after more data becomes available. The problem is not necessarily with revisions but that the initial data is way off from the revised data. Was the initial data a hoax to make Biden's numbers look good then revise afterwards? Quite possibly. BLS had to make a revision of almost ONE MILLION after putting out bad numbers to make BIden's job numbers look good. How can they be off by almost one million? If revised data is slightly off from the initial data that is understandable, but one million off? How can economists or whoever make accurate conclusions if revised data months down the road is consistently way off from the initial data?

There is an old saying...figures don't lie, but liars can figure. Can you prove that BLS or CBO are not politically biased putting out favorable numbers to help a Democrat only to revise later? People usually see the initial data but not the revised data that comes out months later.
BLS may be manipulating the data.






Bad Hombre
@joma_gc
·
18h
The Bureau of Labor Statistics Commissioner should have been fired by Joe Biden in August 2024 when job numbers were revised down by 818,000.

Now, President Trump is doing what Biden wouldn’t—firing this blatantly incompetent person.

But it shouldn’t stop there. The entire BLS staff needs a top-to-bottom audit, because reoccurring revisions of this magnitude don’t happen unless you’re hiring people who’ve never passed a basic statistics class. In other words, DEI hires.
Click to expand...



I candidly don't understand the process of the projections and revisions but have to point out that, given the focus paid to these numbers by the media, the markets, and politicians, its really, REALLY, hard to believe that anyone manipulated them as accused here. It defies common sense to think anyone would try.
 
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#35,346
jmacvols1 said:
if Powell had the revised numbers he may have cut rates but did not cut rates based on HIGHLY inaccurate numbers.

There was a revision of 818,000 in jobs numbers...that is not tin foil hat stuff that is somebody who does not know what they are doing.
Click to expand...
Calm down and give someone else a chance to carry a pail or two
 
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#35,347
lawgator1 said:
I candidly don't understand the process of the projections and revisions but have to point out that, given the focus paid to these numbers by the media, the markets, and politicians, its really, REALLY, hard to believe that anyone manipulated them as accused here. It defies common sense to think anyone would try.
Click to expand...
818,000 adjustment is not a problem for you? Being off 90% last 2 months is not a problem?
 
#35,349
#35,349
evillawyer said:
Great! Thank you. But you've only partially done your part. You also need to spit on some Mexicans and get cozy with some pedophiles on your trips.
Click to expand...
I live in a neighborhood with two Latino families and work with a Therapist from Chili. They dislike illegal immigration more than anyone I know. Pedophiles{both Republicans and Democrats) should be hung in the middle of the street.
 
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jmacvols1 said:
you're doubling down on being wrong. Want to go for the trifecta and triple down on being wrong?
Click to expand...
Oh I’m not the one that’s wrong here slick. Like I said you haven’t disappointed I knew exactly who would be the first to start justifying this banana republic level firing. 😂
 
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