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Showing posts with label US economy. Show all posts
Showing posts with label US economy. Show all posts
Thursday, February 12, 2026
The Truth about the Jobs Report, Wages, Layoffs and Trump's AI Economy in 2026
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Labels:
Trumpism,
US economy
Bernie: Trump Is ‘Crazy’ or a ‘Liar’ If He Thinks This Is a Great Economy
Labels:
AI,
Bernie Sanders,
Donald Trump,
US economy
Friday, January 30, 2026
Thom Hartmann: The Fall of American Economic Power: Is Trump the Turning Point?
Labels:
US dollar,
US economy
Wednesday, January 28, 2026
US dollar Sinks to Its Lowest Level in Four Years
THE GUARDIAN: Dollar drops against basket of currencies after Donald Trump brushed off concerns over slide
The US dollar has fallen to its lowest level in four years after Donald Trump brushed off concerns over the currency’s fall, sending investors fleeing to traditional havens including gold and the Swiss franc.
The dollar dropped by 1.3% against a basket of currencies after the president’s comments on Tuesday, marking its fourth day of declines, then slipped by a further 0.2% on Wednesday morning.
“No, I think it’s great,” Trump said of the weaker dollar, during a visit to Iowa to promote his record on the economy. Asked whether he was concerned about the currency’s slide, he told reporters: “I think the value of the dollar – look at the business we’re doing. The dollar’s doing great.”
The greenback has tumbled by 10% over the past year, while Tuesday’s fall was the largest one-day drop since last April, when Trump announced his sweeping tariff plans, marking a global market sell-off.
The dollar has now touched its lowest level since February 2022, after unpredictable US policymaking, including Trump’s recent threats to take over Greenland and impose further tariffs on European allies, unleashed fresh geopolitical shocks. » | Joanna Partridge | Wednesday, January 28, 2026
If America must go on suffering under Trump’s voodoo economics, it could well soon be on life-support! I have said it before, and I will say it again: Trump doesn’t understand even the basics of macro-economics. Egocentric, megalomaniacal, rapacious businessmen usually don’t. Especially businessmen skilled and talented enough to be able to bankrupt FIVE, arguably even SIX, casinos! For Americans, the future looks bleak. — © Mark Alexander
The US dollar has fallen to its lowest level in four years after Donald Trump brushed off concerns over the currency’s fall, sending investors fleeing to traditional havens including gold and the Swiss franc.
The dollar dropped by 1.3% against a basket of currencies after the president’s comments on Tuesday, marking its fourth day of declines, then slipped by a further 0.2% on Wednesday morning.
“No, I think it’s great,” Trump said of the weaker dollar, during a visit to Iowa to promote his record on the economy. Asked whether he was concerned about the currency’s slide, he told reporters: “I think the value of the dollar – look at the business we’re doing. The dollar’s doing great.”
The greenback has tumbled by 10% over the past year, while Tuesday’s fall was the largest one-day drop since last April, when Trump announced his sweeping tariff plans, marking a global market sell-off.
The dollar has now touched its lowest level since February 2022, after unpredictable US policymaking, including Trump’s recent threats to take over Greenland and impose further tariffs on European allies, unleashed fresh geopolitical shocks. » | Joanna Partridge | Wednesday, January 28, 2026
If America must go on suffering under Trump’s voodoo economics, it could well soon be on life-support! I have said it before, and I will say it again: Trump doesn’t understand even the basics of macro-economics. Egocentric, megalomaniacal, rapacious businessmen usually don’t. Especially businessmen skilled and talented enough to be able to bankrupt FIVE, arguably even SIX, casinos! For Americans, the future looks bleak. — © Mark Alexander
Labels:
US dollar,
US economy
Tuesday, December 30, 2025
Donald Trump's Tariffs Cause Bankruptcies to Soar to 15-year High
Monday, December 22, 2025
The Economy Survived 2025, but Many Americans Are Reeling
THE NEW YORK TIMES: A feared recession didn’t materialize, but unemployment rose, wage growth slowed and affordability challenges are mounting.
After a chaotic year filled with trade wars, market gyrations and the longest government shutdown in history, the U.S. economy has, once again, proved more resilient than many forecasters feared.
But “resilient” isn’t quite the same thing as “good.”
Many Americans are entering 2026 worried about their jobs, stressed about their finances and unconvinced that things will improve in the new year.
The flow of official economic data resumed last week after a prolonged delay caused by the government shutdown. The reports were muddled by technical quirks related to the shutdown, but on balance they suggested the economy remained stuck in the same uneasy limbo it was in before the data blackout began.
Job growth was decent in November, but unemployment rose. Retail sales were solid, but wage growth slowed. Inflation cooled, but remains elevated. » | Ben Casselman and Colby Smith | Monday, December 22, 2025
When it comes to economics, Donald Trump is incompetent. There is one very important fact that Trump never learned. It is this: a well-run economy should work for ALL, not just for the SELECT FEW, for the WORKER as well as for the BOSS, for the POOR as well as for the SUPERRICH. — © Mark Alexander
After a chaotic year filled with trade wars, market gyrations and the longest government shutdown in history, the U.S. economy has, once again, proved more resilient than many forecasters feared.
But “resilient” isn’t quite the same thing as “good.”
Many Americans are entering 2026 worried about their jobs, stressed about their finances and unconvinced that things will improve in the new year.
The flow of official economic data resumed last week after a prolonged delay caused by the government shutdown. The reports were muddled by technical quirks related to the shutdown, but on balance they suggested the economy remained stuck in the same uneasy limbo it was in before the data blackout began.
Job growth was decent in November, but unemployment rose. Retail sales were solid, but wage growth slowed. Inflation cooled, but remains elevated. » | Ben Casselman and Colby Smith | Monday, December 22, 2025
When it comes to economics, Donald Trump is incompetent. There is one very important fact that Trump never learned. It is this: a well-run economy should work for ALL, not just for the SELECT FEW, for the WORKER as well as for the BOSS, for the POOR as well as for the SUPERRICH. — © Mark Alexander
Labels:
Donald Trump,
US economy
Saturday, December 13, 2025
Trump Says that the US Economy Is A++++
Labels:
Donald Trump,
US economy
Wednesday, December 10, 2025
Why Did Trump Give America’s Struggling Economy an “A+++”?
Trump is a corrupt clown and his economy is sh**, except perhaps for the superrich. Kick the B out of the White House asap! Trump belongs in JAIL! — © Mark Alexander
Labels:
Donald Trump,
US economy
Saturday, November 08, 2025
Out-of-touch Trump Talks Up Economy among Sycophants and Stars in Miami
THE GUARDIAN: President jets in to speak at ritzy American Business Forum as millions see their food aid slashed – crisis, what crisis?
It was the week in which Republicans took a beating at the polls, the government shutdown became the longest in history, and 42 million people across the country, including 3 million in Florida, saw their federal food aid slashed.
But in the alternative reality of Miami, where tickets to an overwhelmingly conservative business conference headlined by Donald Trump cost up to $1,990, and billionaires from Saudi Arabia rubbed shoulders with equally wealthy American tycoons such as Jeff Bezos and Ken Griffin, those events created barely a ripple.
Instead, in a gesture that appeared almost to mock the widening disparity between the city’s haves and have-nots, organizers of the America Business Forum cooked up a little treat for attendees: a $50 gift card to spend on food to sustain themselves while they listened to their president congratulate himself for a “golden age” he said his “economic miracle” had delivered.
Advocates say the move, along with the high-budget opulence of the conference itself, was an ill-timed insult to more than a half-million Miami-Dade county residents who just saw their own ability to buy essential groceries for their families kiboshed by the gutting of the Supplemental Nutrition Assistance Program (Snap). » | Richard Luscombe in Miami | Friday, November 7, 2025
It was the week in which Republicans took a beating at the polls, the government shutdown became the longest in history, and 42 million people across the country, including 3 million in Florida, saw their federal food aid slashed.
But in the alternative reality of Miami, where tickets to an overwhelmingly conservative business conference headlined by Donald Trump cost up to $1,990, and billionaires from Saudi Arabia rubbed shoulders with equally wealthy American tycoons such as Jeff Bezos and Ken Griffin, those events created barely a ripple.
Instead, in a gesture that appeared almost to mock the widening disparity between the city’s haves and have-nots, organizers of the America Business Forum cooked up a little treat for attendees: a $50 gift card to spend on food to sustain themselves while they listened to their president congratulate himself for a “golden age” he said his “economic miracle” had delivered.
Advocates say the move, along with the high-budget opulence of the conference itself, was an ill-timed insult to more than a half-million Miami-Dade county residents who just saw their own ability to buy essential groceries for their families kiboshed by the gutting of the Supplemental Nutrition Assistance Program (Snap). » | Richard Luscombe in Miami | Friday, November 7, 2025
Labels:
Donald Trump,
Miami,
SNAP,
US economy
Thursday, November 06, 2025
Donald Trump's Economy is FAILING
Labels:
Donald Trump,
Trump's economy,
US economy
Monday, October 27, 2025
Trump Treasury Secretary Poses Biggest Threat to America's Economy
Labels:
Donald Trump,
Scott Bessent,
US economy
Emily Galvin Almanza on People’s Rights in the Face of Trump’s Private Army and Collapsing Economy
Thursday, October 16, 2025
Thom Hartmann: The US Recession Has Begun
Labels:
Donald Trump,
US economy
Saturday, September 20, 2025
The Collapse of Everyday Life in America Has Begun
This must be the economy produced by “a very stable genius”! Trumponomics by any other name. — © Mark Alexander
Labels:
Donald Trump,
US economy
Hamburger Helper Sales Rise as Americans Try to Stretch Their Food Dollars
THE NEW YORK TIMES: The price of beef and other grocery items are climbing, and consumers are turning to canned meats and a 1970s staple.
In the 1970s, Hamburger Helper became a staple on American dinner tables as families, strained by inflation and soaring beef prices, looked to turn a pound of ground beef into an entire meal.
These days, those same pressures are why the flavored pasta mix is coming to the rescue again.
While most food companies are seeing declines in consumer demand for their products, sales of Hamburger Helper are up 14.5 percent in the year through August, getting an extra bump from its appearance on an episode of “The Bear” in June, according to the company that owns the brand, Eagle Foods.
And it’s not just Hamburger Helper. Sales of foods commonly purchased by consumers when financial times get tough are on the rise, according to industry analysts. Purchases of rice are up 7.5 percent this year. Distressed shoppers are also buying more cans of tuna, salmon and sardines. Sales of beans and boxes of macaroni and cheese are also strong, based on data from the research firm Circana.
Uncertainty about the economy and higher tariffs levied on goods from a variety of countries have led many consumers to refocus their spending on essentials or items that are good values, while cutting back on extras or unnecessary spending. » | Julie Creswell | Saturday, September 20, 2025
How can this be? I thought that the economics genius now in the driving seat in America was going to bring down the price of eggs for the beleaguered American consumer, and fix the US economy BIGLY! This must be another one of the president's failures. — © Mark Alexander
In the 1970s, Hamburger Helper became a staple on American dinner tables as families, strained by inflation and soaring beef prices, looked to turn a pound of ground beef into an entire meal.
These days, those same pressures are why the flavored pasta mix is coming to the rescue again.
While most food companies are seeing declines in consumer demand for their products, sales of Hamburger Helper are up 14.5 percent in the year through August, getting an extra bump from its appearance on an episode of “The Bear” in June, according to the company that owns the brand, Eagle Foods.
And it’s not just Hamburger Helper. Sales of foods commonly purchased by consumers when financial times get tough are on the rise, according to industry analysts. Purchases of rice are up 7.5 percent this year. Distressed shoppers are also buying more cans of tuna, salmon and sardines. Sales of beans and boxes of macaroni and cheese are also strong, based on data from the research firm Circana.
Uncertainty about the economy and higher tariffs levied on goods from a variety of countries have led many consumers to refocus their spending on essentials or items that are good values, while cutting back on extras or unnecessary spending. » | Julie Creswell | Saturday, September 20, 2025
How can this be? I thought that the economics genius now in the driving seat in America was going to bring down the price of eggs for the beleaguered American consumer, and fix the US economy BIGLY! This must be another one of the president's failures. — © Mark Alexander
Labels:
Donald Trump,
US economy
Donald Trump Attacks Fox News because Americans Are P****d about His Terrible Economy
If you elect a know-nothing to lead you, and a cipher, how can you expect the economy to perform well? — © Mark Alexander
Labels:
Donald Trump,
US economy
Saturday, September 13, 2025
Recessions, Assassinations and Government-Sanctioned Murder | The Schmidt Storm
Friday, August 08, 2025
Huge Economic Problems Coming for Republicans and the U.S. | Explainer
Labels:
Donald Trump,
US economy
Thursday, August 07, 2025
This is Way Worse Than You Think - America Is in Decline! - Jeffrey Sachs
Aug 6, 2025 | Jeffrey Sachs is a world-renowned economist, professor, and global development expert known for speaking truth to power. With decades of experience advising governments, the United Nations, and world leaders, Sachs is not afraid to challenge U.S. foreign policy, corporate interests, and global economic injustice.
He served as the Director of The Earth Institute at Columbia University, a UN advisor under Kofi Annan and Ban Ki-moon, and has played a major role in shaping international economic policy in Latin America, Africa, and Eastern Europe.
In recent years, Sachs has gained attention for his bold criticisms of U.S. military interventions, his warnings about global economic collapse, and his support for multipolar cooperation, including better relations with China, Russia, and the Global South.
He served as the Director of The Earth Institute at Columbia University, a UN advisor under Kofi Annan and Ban Ki-moon, and has played a major role in shaping international economic policy in Latin America, Africa, and Eastern Europe.
In recent years, Sachs has gained attention for his bold criticisms of U.S. military interventions, his warnings about global economic collapse, and his support for multipolar cooperation, including better relations with China, Russia, and the Global South.
Labels:
Donald Trump,
Jeffrey Sachs,
US economy
Wednesday, August 06, 2025
"Coming Up Short": Robert Reich on His Memoir, Rising U.S. Inequality & Fighting Against Bullies
The American economic system in the western capitalist world is the SHITTIEST economic system of all. It is capitalism heavy, corrupt, and raw. And it shows! — © Mark Alexander
Labels:
Donald Trump,
Robert Reich,
US economy
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