Trump 2.0: MAGAA

[kalm]

Anything for Donny’s bestie.

[BDKJMU]

trump's job numbers don't look quite as good when you look at his first year and compare it to the prior 4 years.

I would guess that the January numbers will be revised downward in the future.

‘Not found‘ doesn’t look like anything.

[UNI88]

trump's job numbers don't look quite as good when you look at his first year and compare it to the prior 4 years.

I would guess that the January numbers will be revised downward in the future.

‘Not found‘ doesn’t look like anything.

BDK pretending the bad numbers don't exist ...

[BDKJMU]

‘Not found‘ doesn’t look like anything.

BDK pretending the bad numbers don't exist ...

Lol basically fake numbers from 2022-2023. Most of those weren‘t NEW job gains. They were jobs that already existed, but were erased by govt shutdowns in 2020-2021, then restored 2021-2023.

Now do 2025 private sector vs govt (fed workforce shrunk by several hundredk.

[UNI88]

BDK pretending the bad numbers don't exist ...

Lol basically fake numbers from 2022-2023. Most of those weren‘t NEW job gains. They were jobs that already existed, but were erased by govt shutdowns in 2020-2021, then restored 2021-2023.

And nice chart that ignores the 130k gain from Jan 2026.

It looks like the gains from Jan 2026 are there.

[BDKJMU]

BDK pretending the bad numbers don't exist ...

Lol basically fake numbers from 2022-2023. Most of those weren‘t NEW job gains. They were jobs that already existed, but were erased by govt shutdowns in 2020-2021, then restored 2021-2023.

Now do 2025 private sector vs govt (fed workforce shrunk by several hundredk.

Jan 2020, right before Covid hit. 152.3 Million Employed Non Farm
June 2022 152.4 million employed.
https://tradingeconomics.com/united-sta ... ed-persons

That is almost 2 1/2 years of ZERO net job growth. Not what your chart shows, because it’s counting millions of recovered jobs due to govt shutdowns as job growth.

Jan 2020 152.3 million employed
Jan 2025 158.3 million employed.
So 6 million 5 years pre Trump II. Your chart shows a lot more than that, again due to recovered govt shutdown jobs.

Also 1st year Trump II, 2025, growth was offset by shrinking fed workforce by 300k, so civilian was higher.

130k net gain Jan (170k private sector Jan -30k govt). BBB just starting to kick in.

[UNI88]

Lol basically fake numbers from 2022-2023. Most of those weren‘t NEW job gains. They were jobs that already existed, but were erased by govt shutdowns in 2020-2021, then restored 2021-2023.

Now do 2025 private sector vs govt (fed workforce shrunk by several hundredk.

Jan 2020, right before Covid hit. 152.3 Million Employed Non Farm
June 2022 152.4 million employed.
https://tradingeconomics.com/united-sta ... ed-persons

That is almost 2 1/2 years of ZERO net job growth. Not what your chart shows, because it’s counting millions of recovered jobs due to govt shutdowns as job growth.

Jan 2020 152.3 million employed
Jan 2025 158.3 million employed.
So 6 million 5 years pre Trump II. Your chart shows a lot more than that, again due to recovered govt shutdown jobs.

Also 1st year Trump II, 2025, growth was offset by shrinking fed workforce by 300k, so civilian was higher.

130k net gain Jan (170k private sector Jan -30k govt). BBB just starting to kick in.

So the numbers are skewed? You're probably right but I'd guess that the January 2026 numbers are also skewed and will be revised downward.

The flip side of the MAQA, look at all the jobs formerly held by immigrants argument is that it acts as if all jobs are equal. I'm sure the people being laid off by Intel, Microsoft, etc. will be thrilled to find work driving Ubers, landscaping, etc.

This is the beginning. AI is going to lead to more layoffs. They will happen on trump's watch and he will own them.

[GannonFan]

I’ve already been through this with Ganny. It’s a mischaracterization of my arguments from a decade ago. Notice I don’t play his gotcha game in return despite the previous targets he’s presented? His first instinct is to play gotcha rather than add anything of substance to a discussion. The butthurt runs long and deep I guess.

Besides, when I’ve been mistaken or changed my mind on an issue, I’ve at least owned it at times.

You have traditionally been pro-protectionism when liberals/Democrats have advocated for it. I believe you disagree with trump's approach and the extreme that he has taken it too.

You have owned it when you've been mistaken or changed your mind.

I would gladly discuss it, but let's be honest, the only difference between the economic arguments kalm was advocating and Trump's economic policy now is the tenor. Everything else, the abandonment of free trade, is exactly what kalm was arguing for years ago and now he's embarrassed to be reminded of that because he's currently in a "everything that happens under Trump is evil" mindset that it's anathema for him to acknowledge that he and Trump are of one mind economically. Heck, the post I responded to was kalm trumpeting what's basically a free trade agreement between countries, the same kind of free trade agreement that he railed against years ago. I'm a free trade guy, and I've always been. But I've also acknowledged that we, as societies, have never come up with a good answer of what to do with people that are displaced when free trade negatively impacts their jobs and markets. That still needs to have an answer and I don't have it. Kalm, on the other hand, will try to pretend he didn't advocate for exactly what Trump has done now (granted, minus the crudeness and vitriol), he'll pretend that he's already clarified this glaringly embarrassing tie-in to a MAGA idea for someone like him, and that he's the honest broker here. I'll just call him out on it whenever he tries to pretend otherwise.

[BDKJMU]

Jan 2020, right before Covid hit. 152.3 Million Employed Non Farm
June 2022 152.4 million employed.
https://tradingeconomics.com/united-sta ... ed-persons

That is almost 2 1/2 years of ZERO net job growth. Not what your chart shows, because it’s counting millions of recovered jobs due to govt shutdowns as job growth.

Jan 2020 152.3 million employed
Jan 2025 158.3 million employed.
So 6 million 5 years pre Trump II. Your chart shows a lot more than that, again due to recovered govt shutdown jobs.

Also 1st year Trump II, 2025, growth was offset by shrinking fed workforce by 300k, so civilian was higher.

130k net gain Jan (170k private sector Jan -30k govt). BBB just starting to kick in.

So the numbers are skewed? You're probably right but I'd guess that the January 2026 numbers are also skewed and will be revised downward.

The flip side of the MAQA, look at all the jobs formerly held by immigrants argument is that it acts as if all jobs are equal. I'm sure the people being laid off by Intel, Microsoft, etc. will be thrilled to find work driving Ubers, landscaping, etc.

This is the beginning. AI is going to lead to more layoffs. They will happen on trump's watch and he will own them.

Well guess what was up in 2025 that wasn‘t up 2021-2024 under Biden? Real (inflation adjusted) wage growth.

[UNI88]

You have traditionally been pro-protectionism when liberals/Democrats have advocated for it. I believe you disagree with trump's approach and the extreme that he has taken it too.

You have owned it when you've been mistaken or changed your mind.

I would gladly discuss it, but let's be honest, the only difference between the economic arguments kalm was advocating and Trump's economic policy now is the tenor. Everything else, the abandonment of free trade, is exactly what kalm was arguing for years ago and now he's embarrassed to be reminded of that because he's currently in a "everything that happens under Trump is evil" mindset that it's anathema for him to acknowledge that he and Trump are of one mind economically. Heck, the post I responded to was kalm trumpeting what's basically a free trade agreement between countries, the same kind of free trade agreement that he railed against years ago. I'm a free trade guy, and I've always been. But I've also acknowledged that we, as societies, have never come up with a good answer of what to do with people that are displaced when free trade negatively impacts their jobs and markets. That still needs to have an answer and I don't have it. Kalm, on the other hand, will try to pretend he didn't advocate for exactly what Trump has done now (granted, minus the crudeness and vitriol), he'll pretend that he's already clarified this glaringly embarrassing tie-in to a MAGA idea for someone like him, and that he's the honest broker here. I'll just call him out on it whenever he tries to pretend otherwise.

Yes, kalm was pro protectionism but I think it's fair to ask if he advocated for:
- using tariffs/protectionism to the level that trump has taken it?
- using tariffs/protectionism against our allies?
- using tariffs/protectionism to punish other countries for non-trade related reasons (Canada for bogus fentanyl claims, Brazil for convicting a trump ally, etc.)?

It's also possible that what trump has done has shown kalm the pitfalls of using tariffs/protectionism.

[kalm]

You have traditionally been pro-protectionism when liberals/Democrats have advocated for it. I believe you disagree with trump's approach and the extreme that he has taken it too.

You have owned it when you've been mistaken or changed your mind.

I would gladly discuss it, but let's be honest, the only difference between the economic arguments kalm was advocating and Trump's economic policy now is the tenor. Everything else, the abandonment of free trade, is exactly what kalm was arguing for years ago and now he's embarrassed to be reminded of that because he's currently in a "everything that happens under Trump is evil" mindset that it's anathema for him to acknowledge that he and Trump are of one mind economically. Heck, the post I responded to was kalm trumpeting what's basically a free trade agreement between countries, the same kind of free trade agreement that he railed against years ago. I'm a free trade guy, and I've always been. But I've also acknowledged that we, as societies, have never come up with a good answer of what to do with people that are displaced when free trade negatively impacts their jobs and markets. That still needs to have an answer and I don't have it. Kalm, on the other hand, will try to pretend he didn't advocate for exactly what Trump has done now (granted, minus the crudeness and vitriol), he'll pretend that he's already clarified this glaringly embarrassing tie-in to a MAGA idea for someone like him, and that he's the honest broker here. I'll just call him out on it whenever he tries to pretend otherwise.

You have a selective memory and a weird catch kalm axe to grind. I’ve even explained it to you semi-recently with zero acknowledgement. Keep tryin’ little buddy!

You make bad faith sediments. Meanwhile I’ll sit back and remember with some amusement all of the things you’ve been wrong about over the years.

[kalm]

Indeed:

[kalm]

Translation: more whitey’s, less darkies, neo colonialism rocks!

[UNI88]

Translation: more whitey’s, less darkies, neo colonialism rocks!

We're embracing our noble Roman legacy - when and where do the orgies happen? epstein Island?

[UNI88]

US stocks are off to their worst start versus the global market since 1995

The US stock market, typically considered the engine of the global economy, has struggled to find its footing through the first months of 2026, even as the rest of the world has surged ahead.

As a result, US stocks are off to their worst start of the year since 1995 against the global market, according to data from Goldman Sachs.

[kalm]

Translation: more whitey’s, less darkies, neo colonialism rocks!

We're embracing our noble Roman legacy - when and where do the orgies happen? epstein Island?

And medieval Briton!

[UNI88]

We're embracing our noble Roman legacy - when and where do the orgies happen? epstein Island?

And medieval Briton!

I bet there will be hookers & golden showers just like lil' donny likes.

[UNI88]

Trump administration slams New York Fed study that says US consumers bear the cost of tariffs

"The paper is an embarrassment," National Economic Council Director Kevin Hassett told CNBC on Wednesday. "I think it's the worst paper I've ever seen in the history of the Federal Reserve System. The people associated with this paper should presumably be disciplined, because what they've done is they've put out a conclusion, which has created a lot of news that's highly partisan, based on analysis that wouldn't be accepted in a first-semester econ class."
...
The analysis covered 12-month changes from January 2024 through November 2025 (the most recent available data). The analysis also noted how the pass-through of costs changed over the course of 2025. For instance, by November, the pass-through of costs borne in the US had declined to 86%.

The authors said their results show that a 10% tariff led to only a 0.6 percentage-point decline in foreign export prices. But they also found that the tariff pass-through into import prices declined later last year, as more exporters bore the costs of tariffs. In November, a 10% tariff was associated with a 1.4% decline in foreign export prices, though still an 86% pass-through to US import prices.

The authors said the higher import prices caused firms to reorganize their supply chains.

"In sum, U.S. firms and consumers continue to bear the bulk of the economic burden of the high tariffs imposed in 2025," the authors wrote.

The "most transparent administration ever" sure likes to attempt to suppress any information that makes it look bad.

[kalm]

Trump administration slams New York Fed study that says US consumers bear the cost of tariffs

"The paper is an embarrassment," National Economic Council Director Kevin Hassett told CNBC on Wednesday. "I think it's the worst paper I've ever seen in the history of the Federal Reserve System. The people associated with this paper should presumably be disciplined, because what they've done is they've put out a conclusion, which has created a lot of news that's highly partisan, based on analysis that wouldn't be accepted in a first-semester econ class."
...
The analysis covered 12-month changes from January 2024 through November 2025 (the most recent available data). The analysis also noted how the pass-through of costs changed over the course of 2025. For instance, by November, the pass-through of costs borne in the US had declined to 86%.

The authors said their results show that a 10% tariff led to only a 0.6 percentage-point decline in foreign export prices. But they also found that the tariff pass-through into import prices declined later last year, as more exporters bore the costs of tariffs. In November, a 10% tariff was associated with a 1.4% decline in foreign export prices, though still an 86% pass-through to US import prices.

The authors said the higher import prices caused firms to reorganize their supply chains.

"In sum, U.S. firms and consumers continue to bear the bulk of the economic burden of the high tariffs imposed in 2025," the authors wrote.

The "most transparent administration ever" sure likes to attempt to suppress any information that makes it look bad.

Kevin Hasset and Scott Bissent are embarrassments.

[UNI88]

Trump administration slams New York Fed study that says US consumers bear the cost of tariffs

The "most transparent administration ever" sure likes to attempt to suppress any information that makes it look bad.

Kevin Hasset and Scott Bissent are embarrassments.

hassett and bessent are examples of people who as CH says should be embarrassed they went to college and wasted their money, but are still dummies.

[BDKJMU]

US stocks are off to their worst start versus the global market since 1995

The US stock market, typically considered the engine of the global economy, has struggled to find its footing through the first months of 2026, even as the rest of the world has surged ahead.

As a result, US stocks are off to their worst start of the year since 1995 against the global market, according to data from Goldman Sachs.

Dow, S&P, NASDAQ, all near record highs, all up double digits under Trump.

[UNI88]

US stocks are off to their worst start versus the global market since 1995

Dow, S&P, NASDAQ, all near record highs, all up double digits under Trump.

Does the article say they aren't? No.

It says the global market has done even better to the point where the US is off to it's worst start in comparison since 1995.

trump doesn't just get to take credit for the good, he's responsible for the bad as well not matter how often he tries to blame everything on biden or others.

[BDKJMU]

Dow, S&P, NASDAQ, all near record highs, all up double digits under Trump.

Does the article say they aren't? No.

It says the global market has done even better to the point where the US is off to it's worst start in comparison since 1995.

trump doesn't just get to take credit for the good, he's responsible for the bad as well not matter how often he tries to blame everything on biden or others.

Complaining about a record high market with double digit increases with a ‘but Europe‘ is full bore TDS.

[Caribbean Hen]

Kevin Hasset and Scott Bissent are embarrassments.

hassett and bessent are examples of people who as CH says should be embarrassed they went to college and wasted their money, but are still dummies.

You know that’s not at all what I say about college

[Caribbean Hen]

Dow, S&P, NASDAQ, all near record highs, all up double digits under Trump.

Does the article say they aren't? No.

It says the global market has done even better to the point where the US is off to it's worst start in comparison since 1995.

trump doesn't just get to take credit for the good, he's responsible for the bad as well not matter how often he tries to blame everything on biden or others.

Do you remember when clueless Joe Bozo would brag about his pathetic economy? And then in November of 2024 the voters reminded him that he was a natural born liar

Translation - the Joe Biden economy was not very good, but despite that, he touted it every day like it was awesome. He thought Americans were too dumb and would believe him, but on Election Day, the voters reminded Joey he was a lying hack because it’s always about the economy.