No facts wanted. Just give me Trump and Fox

Hello, fellow MAGAs,

I have some great news for us. The economy, under Biden, was doing badly — the monthly increases could not last — but under Trump, it is doing great.

Before I detail the latest great news, let me remind you of the previous great news:

As you already know, Trump’s name is not in any of the Epstein files. Trump really won the 2020 election because it was stolen.

E. Jean Carroll was lying, the Federal Reserve Chairman is a moron, the Wall Street Journal is lying, all the media (except Fox) are lying.  Rupert Murdoch also is lying,

Trump has not politicized the Justice Department, and he doesn’t admire dictators (aside from Putin, Kim, Bolsonaro, Orbán, and maybe a couple of others.)

And as he repeatedly has told you, he did not encourage a mob to overturn an election and overthrow the government, nor did he wait three hours before telling the coup-attempting traitors to go home. It was Nancy Pelosi’s fault.

He pardoned everyone, including those who attacked the police with flagpoles and sprayed them in the eyes, so it’s all good.

We now know that tariffs don’t increase prices or lead to inflation, and if they do, it’s Powell’s fault for not lowering interest rates. And the country is not headed for a recession, which definitely would not be Donald Trump’s fault.

Deporting all those brown people, who were not convicted of crimes because of soft, liberal judges, will help farmers and other industries. The “Big Beautiful” bill supports the poor, Medicaid cuts are not happening, and the GOP will not privatize Social Security for profit.

Selling citizenships is great for America because it gives us more rich white people, and it’s perfectly fine for the President to accept a multi-billion-dollar airplane bribe.

Investing in Trump trading cards and his related merchandise is a wise decision. He needs the money more than you and your family do.

Now, for the latest great news:

Disregard the following fake statistics. The great news is that Trump just fired the person who released them, so you won’t have to worry about bad news. You can bet the next person he hires will not publish any more bad news to trouble you.

Yes, job growth is down, down, down, which is good, because it means those brown-skinned immigrants are not taking the jobs we whites want — like bending over and picking crops in the hot sun without bathroom or water breaks and no healthcare insurance.

OK, it doesn’t really mean that, but if it means something bad, it’s not Trump’s fault. We are looking for the culprit now, and we’ll let you know when we find him.

Some think it might be Bill Clinton, the last President to cut deficits so much that he ran a federal surplus (which led directly to a recession, because surpluses take dollars out of the economy).

Trump will be too smart to cut deficits. Deficits add growth dollars to the economy, and who needs growth? As JFK Jr. will tell you, growth is cancer, and no one wants economic cancer, right?

Anyhow, here is the great news spelled out.

US job growth stalls: Just 73,000 jobs added in July, with ‘stunning’ downward revisions to recent months Story by Alicia Wallace, CNN • The US job market slowed sharply in July and was substantially weaker than first estimated for prior months, suggesting President Donald Trump’s trade policy may be stifling hiring.

This is great news because it shows that we have deported all those brown-skinned workers and left the economy to us white people, who wake up in the morning saying, “I really would like to have a menial job for low pay and no benefits.”

Further, all they did was buy stuff, which helped American businesses, but didn’t leave enough stuff for us whites to buy.

The US economy added just 73,000 jobs last month, and the monthly totals for May and June were revised down by a combined 258,000 jobs.

The prior two months’ revisions were “stunning,” said Diane Swonk, chief economist at KPMG, in an interview with CNN.

May’s estimated 144,000 net gain was revised down by 125,000 to 19,000; and June’s preliminary tally of 147,000 was slashed by 133,000 to 14,000, according to data released Friday from the Bureau of Labor Statistics.

“It’s stalling out right now,” Swonk said of the labor market.

None of this is Trump’s fault. Fortunately:

On Friday, President Trump accused Erika McEntarfer, the head of the Bureau of Labor Statistics (BLS), of falsifying job numbers. He instructed his team to dismiss the former appointee of President Biden.

Now that we have removed her, we can expect to see much better numbers in the future. In fact, we never again will have bad economic numbers. Lesson learned.

With those monumental, quarter-million-job downward revisions, the meager job gains in June were the weakest since December 2020, the last time the labor market had monthly job losses.

The pace of job creation seen so far this year is the weakest in decades, outside of recessions.

By strange coincidence, the same thing happened at the end of Donald Trump’s first presidency, which demonstrates his admirable consistency.

“This is absolutely the worst major economic report since the end of the pandemic era,” Joe Brusuelas, chief economist at RSM US, told CNN.

Not Trump’s fault. Not Trump’s fault.  Not Trump’s fault. I heard that on Fox News.

The Dow opened lower, falling by more than 600 points, or 1.3%, by mid-morning. The broader S&P 500 fell 1.4% and the tech-heavy Nasdaq Composite slipped 1.8%. Traders now expect an 85% chance of a rate cut from the Federal Reserve in September, up from a 38% chance on Thursday, according to the CME FedWatch Tool.

Tariffs are ‘paralyzing’ employers High uncertainty over Trump’s economic policies — specifically a volatile trade policy and shifting tariff rates — have been blamed for putting a stranglehold on employers’ growth plans.

“Tariffs and uncertainty are paralyzing employers,” Gregory Daco, chief economist at EY-Parthenon, told CNN in an interview.

Some people say that the daily changes in tariff policy make business planning impossible. Apparently, cowardly businesses won’t invest money when they don’t know what to expect.

But the good news is that this also paralyzes foreign businesses. It’s all part of Trump’s secret plan to punish everyone who displeases him. Clever.

Economists were expecting the report to show a slowdown in job growth, reflecting the weak pace of hiring across the vast majority of industries. Forecasts called for a gain of 115,000 jobs in July and the unemployment rate to rise to 4.2%.

However, economists weren’t expecting the past three months to be this frail.

“This (jobs report) is really bad because you can see the impact of trade and immigration policy hurting demand for hiring,” Brusuelas said.

He noted that goods-producing industries lost 13,000 jobs, with 11,000 of those losses coming in manufacturing and construction posting weak gains of 2,000 jobs.

This is really great news, because the level is so low, it can’t do anything but go up — eventually– and when it does, it will be because of Trump’s great policies — the greatest in the history of the world.

(If it goes down, it will be Nancy Pelosi’s fault. Or the next head of the Bureau of Labor Statistics will be fired until we get someone who will give us good statistics.)

“These trends reflect the ripple effects of trade and immigration policies impacting labor supply, especially where migrant workers are key,” he added.

In recent months, despite the labor market registering solid (but slower) gains, economists were sounding some alarm bells: The all-important labor market churn was grinding to a halt, and a smaller and smaller subset of industries was responsible for the job gains.

That lack of breadth was wildly apparent in July: Health care and social assistance, which added 73,300 jobs, accounted for the entirety of the month’s overall gains.

“There was a three-legged stool holding up the labor market; we had state and local, leisure and hospitality, and health care and social assistance,” Swonk said. “And now we’re down to one.”

“A one-legged stool is dangerous,” she added.

The danger soon will end. Trump is cutting healthcare (with assistance from Kennedy, Jr.), so expect job losses there, too.

That will give us a zero-legged stool, which is much safer than a one-legged stool.

Leisure and hospitality, which typically sees a summertime boom, added a meager 5,000 jobs in July. June’s gains were revised down to 4,000, BLS data shows.

“That’s almost within the margin of error,” Swonk said. “That reflects a slowdown in domestic travel and tourism.”

Some people might argue that few people are inclined to vacation in a police state, where non-citizens (and even some citizens) can be snatched off the streets and held without trial before being sent to harsh places like Aligator Auschwitz.

But who needs those fearful individuals anyway? Right?

State and local government posted a meek 2,000-job net gain in July. And June’s initially reported 80,000-job gain — which economists warned was likely an “artificial” increase that resulted from seasonal adjustments — was revised down to 20,000 jobs.

And as for that labor market churn (or lack there of), Friday’s jobs report showed that the average duration of unemployment rose to 24.1 weeks (north of six months), the lengthiest average span in more than three years.

Why is the jobs data revised? The US labor force is shrinking. It’s done so for three months in a row now, and in July, the unemployment rate rose as a result.

That’s great news because we are deporting all these brown-skinned rapists and criminals — millions of rapists, most of whom are women and children — who are poisoning the blood of real, white Christian Americans.

And now come the BLS excuses:

When the market-moving jobs report is released, that initial estimate is often based on incomplete data and thus will be revised twice further in the two jobs reports that follow as the BLS receives more complete information from businesses.

But then it’s eventually revised even further: The bigger, annual revision (which takes place each February jobs report) will come into focus starting next month when the preliminary annual benchmarking estimates are released.

If it’s so preliminary, why couldn’t they produce better data that would show how Trump is really helping the nation? Answer that, libs!

Clearly, Erika McEntarfer deserved to be fired for telling the so-called “truth,” when she easily could have found the real truth on Fox or by listening to Karoline Leavitt.

Warning signs flashing Keeping the above context in mind, there were several potential warning signs in the July jobs report:

Black unemploymentin America hit 7.2%, its highest level since October 2021.

A rise in the Black unemployment rate almost always precedes the rise in the general population unemployment rate. That’s because a higher percentage of Black Americans than Americans of other races are in temporary jobs or lower-income jobs that tend to be the first that employers cut when they grow concerned about the economy.

As you well know, blacks and browns can hardly wait to be unemployed so they can receive those lucrative unemployment benefits, which are known for making lazy people rich.

Be assured, Trump will cut those, along with Medicaid cuts, to reduce the federal deficit.

The labor force shrank for the third month in a row, which is the first time since 2011, according to Appcast economist Sam Kuhn. And the labor force participation rate fell to 62.2%, the lowest since November 2022.

The fall could be caused in part by stepped-up immigration enforcement; however, other factors such as an aging workforce, highly discouraged workers, and “simply mismeasurement” from lower response rates to the household survey could be factoring in to that equation, said Preston Caldwell, Morningstar’s chief economist.

The foreign-born labor force has declined in recent months. 

Economists warn that a shrinking labor force and fewer foreign-born workers could put upward pressure on wages (and inflation), and result in hiring challenges for key industries and negative supply chain impacts as a result.

Oh, sure. Now they’re going to blame Trump for the inflation and recession that will come as a result of his scattershot policies. Don’t worry. He will find someone else to blame. That’s why we elected him.

The 253,000 downward revisions to May and June was the largest since at least 1979 (with the exception of 2020), according to Ernie Tedeschi, director of economics at the Budget Lab at Yale.

The outsized correction is reflective of an extremely volatile economic environment, KPMG’s Swonk said. “The data was meant for historic norms for an economy that typically moves more slowly.”

All told, the July report showed a “weaker underbelly for the US economy,” said Daco.

“This type of very weak job growth momentum is essentially eroding the economy’s buffer against headwinds,” he said. “And and in an environment where the US economy is subject to historic supply shocks, that will essentially expose it to the risk of a recession.”

Trump will remove that risk by actually giving us a real recession — maybe even a depression. It will be great not to have to worry about risk and uncertainty anymore.

CNN’s Matt Egan and David Goldman contributed to this report.

So, as we said, it’s all great news. Trump either will change the data or fire anyone who gives us bad news, so you can expect only great news in the future.

By the way, has anyone seen my copy of the book, “1984“? I lent it to one of my dear MAGA friends, and I don’t remember him returning it.

Rodger Malcolm Mitchell

Monetary Sovereignty

Twitter: @rodgermitchell

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MONETARY SOVEREIGNTY