I am sick and tired of it!!!!
So Trumpster posts: “With a great Jobs Report, like just announced, stocks should go up, not down. That’s the way it was for 200 years. Growth does not mean inflation! How else can a Country attain GREATNESS??? President DJT”
And then the White House propagandist stepped in, “White House National Economic Council Director Kevin Hassett shrugged off the disappointing August jobs report Friday, insisting the administration is still ‘super optimistic’ about the economy…”
These lying bastards take a single jobs report and all of a sudden it’s glory days! Yeah, problem…they aren’t telling the truth…the real truth. Let me share a couple of things…
Take the “jobs added” number…176,000. Great! A bunch of people got a job. Guess what…first time unemployment claims was over 1million. But a net increase of 176,000 new jobs is something to celebrate. But, is that the real and/or complete picture? Ah, no.
That number we are celebrating represents a .1% improvement. However, unemployment remained the same and labor force participation rate remained the same. So in reality…jobs were stagnant.
Here’s a much more important number…Wage growth was 3.5% in May…Inflation rate was 3.8% in May. Yup, people made less money. So, more jobs…and people made less money!
But you think that’s bad…Let’s break this down into FACTS vs propaganda…
Let’s compare May 2025 to May 2026. Why? Let’s see how well Trump is doing. Oh, wait…the May 2025 number would be 4 months of Trump and 8 Months of Biden. Let’s see how things are going…
Let’s make it clear, under Trump:
- Unemployment is up
- Labor force participation is down
- We did add 33k more jobs in 2026 vs 2025
- Ah, but the employment/population ratio is down
Overall…Biden/Trump did much better than just Trump by himself. And that is FACT.
Now let’s look at the most important number…a family’s purchasing power…
Meaning:
- Inflation is much higher under Trump
- Wage growth is noticeably lower under Trump
- Real wage growth is NEGATIVE under Trump
- Unemployment is higher under Trump
Let’s make a real nice visual for everyone to see it…
Let’s not forget another damning issue…
And let’s finish up with some more FACTS…
- Consumer confidence weakening
- Consumer sentiment weakening
- Retailers reporting cautious consumers
If I were to sound much more moderate that I am feeling right now I would write something like this…
When I look a little deeper I see a labor market that appears more stagnant than booming. Labor force participation was essentially unchanged. The percentage of Americans employed was up very slightly from the previous month and remains below where it was a year ago.
At the same time, inflation has accelerated while wage growth has turned negative. In May 2025, wages were growing faster than inflation. In May 2026, inflation was growing faster than wages. That means workers are losing purchasing power rather than gaining it.
Gasoline prices tell a similar story. National average gasoline prices increased from roughly $3.19 per gallon in May 2025 to about $4.24 per gallon today. That’s an increase of approximately 33%.
None of these indicators by themselves prove that the economy is in crisis. But taken together, they suggest many households are under increasing financial pressure and losing ground in the last year.
The economy is not collapsing with a single report. The labor market is not crashing. But neither do these numbers paint a picture of widespread prosperity…hardly so.
Instead, they suggest that many Americans are working hard simply to maintain their position…and can’t…they lost ground in the last year. And perhaps that is why so many economic headlines seem disconnected from what real families experience in their daily lives.
In other words…well…let’s just say the White House…
Well, decide for yourself. For me…I will stick with and believe the facts. America is falling/failing economically…especially under Trump.
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What do you think? Share your thoughts.