Trump's grand plan is to run the US government like he ran Trump Taj Mahal.
He is succeeding.
Many say the Trump Taj Mahal was a failure - this is only true if one assumes the goal was to keep the business afloat rather than grifting off it while it survived.
As I wrote, "Trump's grand plan is to run the US government like he ran Trump Taj Mahal. "
While it's still running he and his family will grift.
On the timing of things...
"A little over a year after it opened, the Trump Taj Mahal filed for bankruptcy and Trump's two other Atlantic City casinos followed suit the next year."
Government backed FIAT is only valued in the trust the user has for it. If you were the government in the debt levels you are in then you would fudge the figures to.
This morning I watched a Republican talk about the revisions as lies told by the previous Democrat government.
They did not mention 2025 revisions.
I suspect we will see a large increase in jobs now that scapegoats have been found and key personal changed.
Trust in the USD FIAT must be increased while destroying your political enemies.
Accurate data never stopped this regime from publishing skewed reality. It is up us to educate ourselves and spread the word. Thanks for the hard work to sort it all out for us
Trump is going to show all you naysayers. Pretty soon he will declare bankruptcy for the US and get out of our national debt overnight. After all, Trump may be a complete idiot and among the most ignorant people on the planet, but when it comes to bankruptcy he knows what he's doing. It takes a really special talent to bankrupt a gambling casino, but Trump make it look easy. He's proud of all his failures and he's well on his way to achieving the biggest failure in his life. In a relatively short time he will transform the wealthiest country in the world into the biggest "shit-hole" country in history. But he didn't accomplish that alone. He had the assistance of 77 million voters who wisely thought that being able to say "You're fired" on a phony reality TV show was the equivalent of being a hugely successful and incomparably competent business tycoon. Add to that the voters ability to tune out the established fact that Donald Trump was well-documented as the most notorious liar in US political history and believe his promise to end inflation on "day one." That kind of incisive reasoning has now been rewarded. Yes, those voters accomplished something many, admittedly naive, experts thought was impossible. We have lots of corrupt businesses in the US that are effectively too big to fail. However, Trump is working hard to prove that the country that he now "owns"* can be driven out of business with a generous application of stupidity, ignorance, fascism, a supporting cast of cowardly bootlickers and a thoroughly corrupt and undemocratic SCOTUS majority.
*It was a present from John Roberts & Co. who operate an organization dedicated to white supremacy, racist and sexist autocracy, and ignoring both the meaning and spirit of the now obsolete Constitution.
Surely, Donald Trump is guaranteed to win a Nobel Prize in Economics for, as the "brilliant" economist Peter Navarro explained, teaching the world trade economics. Add that to the Nobel Peace Prize Trump will win for ending the Russian war with Ukraine in which Russia was forced to attack Ukraine for the unforgivable sin of existing next to Russia, the world's foremost democratic Utopia. Further strengthening his peace credentials, Trump's bombing of Iran, his murder of Venezuelans without getting bogged down in all that "due process" nonsense, and his continued enabling of Israel's genocide and war crimes, make the inevitability of a peace prize a done deal.
We shouldn't stop there. Surely, Trump will hoover up a Nobel Prize in medicine for single-handedly developing the COVID-19 vaccines and then convincing his followers to refuse to get vaccinated, which resulted in many of them triumphantly dying in the name of MAGA purity. Does anyone doubt that Trump has ascended to the pinnacle of medical perfection and must be awarded a Nobel Prize for medicine?
Why stop there. It makes perfect sense to award Trump a Nobel Prize in chemistry and physics for his enabling of Robert "Brain Worm" Kennedy's destruction of scientific research and for all the other earth-shattering breakthroughs that Trump will undoubtedly make should he take five minutes away from turning the US into a Third World "shit-hole" country and direct his attention to being the world's foremost scientist and authority in every field. Let's call in a "preemptive Nobel Prize" in case the triumphant destruction of scientific research is not considered sufficient. After all, look at all the breakthroughs that Trump has made. He discovered that injecting the human body with bleach would cure COVID-19. And who but a genius could have recognized that inserting UV light sources internally would knock out the SARS-CoV-2 virus instantaneously? The market for miniature injectable UV light souurces should be unlimited. He also revealed to the world that "windmills" cause cancer and are killing whales. I could go on, but the list of Trump miracles is just too long.
I do want to point out that yesterday, before writing this Ode to Donnie, I had most of my brain surgically removed, which has made it possible for me to acknowledge all of Trump's magic. It has also allowed me to understand the 77 million Americans who wisely turned this country over to a man who possesses such singular talents and absolutely no qualifications to be president. That took some exceptional foresight on the part of people who obviously weren't paying attention.
To everyone who has read this homage to Donald, I want to THANK YOU FOR YOUR ATTENTION TO THIS MATTER! (I've got to take my autumn bleach shot now.)
So, latest “BLS” report releases revised jobs gains/losses shows almost 1 million job losses from early 2024-25, “proving Biden’s economy was weak” blah, blah, blah. MSNBC reports a Breaking Story without comment? Has it been a month since the orange pustule fired the head of the BLS? Are these numbers legit? Average job losses of 76000/monthly? Really? I need more confirmation…
'And we think potential GDP itself is expanding at a solid 2¼% clip, as strong productivity outweighs the negative impact of reduced immigration on the labor force. Since 2019Q4—just before the pandemic started to play havoc with the statistics—real GDP per hour worked has grown 1.8% (annualized) in the nonfarm business sector and as much as 2.6% in the nonfinancial corporate sector. A growing boost from AI should keep these trends solid or even raise them further in coming years.'
Truth is always the first casualty in war, whether political or actual. But those lies cannot counteract what most people experience. (Unless biases overcome perception--read Heather McGhee's "The Sum of Us.")
Jarod, you can’t accept the depth of MAGA connivance. I expect the BLS will be defunded and their role taken over by the Heritage Foundation… Is there a point at which Congress and SCOTUS rebels? Maybe not 👿
Thanks for continuing to provide this important financial information each week.
Trump's grand plan is to run the US government like he ran Trump Taj Mahal.
He is succeeding.
Many say the Trump Taj Mahal was a failure - this is only true if one assumes the goal was to keep the business afloat rather than grifting off it while it survived.
As I wrote, "Trump's grand plan is to run the US government like he ran Trump Taj Mahal. "
While it's still running he and his family will grift.
On the timing of things...
"A little over a year after it opened, the Trump Taj Mahal filed for bankruptcy and Trump's two other Atlantic City casinos followed suit the next year."
https://abcnews.go.com/US/trumps-taj-mahal-casino-8th-world-closure-years/story?id=42762369
Thanks for your update, and for sharing the BLS staff statement.
Unfortunately, we’ll likely see cooked data at some point, but that statement assures us the professional staff will find a way to sound the alarm.
After someone “ sounds the alarm “
they may find find themselves on
a permanent Caribbean vacation
at Gitmo .
The light blue is what Lutnick proclaims in his television appearances. I think television other two are more likely to represent what happens.
Government backed FIAT is only valued in the trust the user has for it. If you were the government in the debt levels you are in then you would fudge the figures to.
This morning I watched a Republican talk about the revisions as lies told by the previous Democrat government.
They did not mention 2025 revisions.
I suspect we will see a large increase in jobs now that scapegoats have been found and key personal changed.
Trust in the USD FIAT must be increased while destroying your political enemies.
Accurate data never stopped this regime from publishing skewed reality. It is up us to educate ourselves and spread the word. Thanks for the hard work to sort it all out for us
Trump is going to show all you naysayers. Pretty soon he will declare bankruptcy for the US and get out of our national debt overnight. After all, Trump may be a complete idiot and among the most ignorant people on the planet, but when it comes to bankruptcy he knows what he's doing. It takes a really special talent to bankrupt a gambling casino, but Trump make it look easy. He's proud of all his failures and he's well on his way to achieving the biggest failure in his life. In a relatively short time he will transform the wealthiest country in the world into the biggest "shit-hole" country in history. But he didn't accomplish that alone. He had the assistance of 77 million voters who wisely thought that being able to say "You're fired" on a phony reality TV show was the equivalent of being a hugely successful and incomparably competent business tycoon. Add to that the voters ability to tune out the established fact that Donald Trump was well-documented as the most notorious liar in US political history and believe his promise to end inflation on "day one." That kind of incisive reasoning has now been rewarded. Yes, those voters accomplished something many, admittedly naive, experts thought was impossible. We have lots of corrupt businesses in the US that are effectively too big to fail. However, Trump is working hard to prove that the country that he now "owns"* can be driven out of business with a generous application of stupidity, ignorance, fascism, a supporting cast of cowardly bootlickers and a thoroughly corrupt and undemocratic SCOTUS majority.
*It was a present from John Roberts & Co. who operate an organization dedicated to white supremacy, racist and sexist autocracy, and ignoring both the meaning and spirit of the now obsolete Constitution.
Surely, Donald Trump is guaranteed to win a Nobel Prize in Economics for, as the "brilliant" economist Peter Navarro explained, teaching the world trade economics. Add that to the Nobel Peace Prize Trump will win for ending the Russian war with Ukraine in which Russia was forced to attack Ukraine for the unforgivable sin of existing next to Russia, the world's foremost democratic Utopia. Further strengthening his peace credentials, Trump's bombing of Iran, his murder of Venezuelans without getting bogged down in all that "due process" nonsense, and his continued enabling of Israel's genocide and war crimes, make the inevitability of a peace prize a done deal.
We shouldn't stop there. Surely, Trump will hoover up a Nobel Prize in medicine for single-handedly developing the COVID-19 vaccines and then convincing his followers to refuse to get vaccinated, which resulted in many of them triumphantly dying in the name of MAGA purity. Does anyone doubt that Trump has ascended to the pinnacle of medical perfection and must be awarded a Nobel Prize for medicine?
Why stop there. It makes perfect sense to award Trump a Nobel Prize in chemistry and physics for his enabling of Robert "Brain Worm" Kennedy's destruction of scientific research and for all the other earth-shattering breakthroughs that Trump will undoubtedly make should he take five minutes away from turning the US into a Third World "shit-hole" country and direct his attention to being the world's foremost scientist and authority in every field. Let's call in a "preemptive Nobel Prize" in case the triumphant destruction of scientific research is not considered sufficient. After all, look at all the breakthroughs that Trump has made. He discovered that injecting the human body with bleach would cure COVID-19. And who but a genius could have recognized that inserting UV light sources internally would knock out the SARS-CoV-2 virus instantaneously? The market for miniature injectable UV light souurces should be unlimited. He also revealed to the world that "windmills" cause cancer and are killing whales. I could go on, but the list of Trump miracles is just too long.
I do want to point out that yesterday, before writing this Ode to Donnie, I had most of my brain surgically removed, which has made it possible for me to acknowledge all of Trump's magic. It has also allowed me to understand the 77 million Americans who wisely turned this country over to a man who possesses such singular talents and absolutely no qualifications to be president. That took some exceptional foresight on the part of people who obviously weren't paying attention.
To everyone who has read this homage to Donald, I want to THANK YOU FOR YOUR ATTENTION TO THIS MATTER! (I've got to take my autumn bleach shot now.)
Are mothers taking care of children at home counted in the labor statistics?
So, latest “BLS” report releases revised jobs gains/losses shows almost 1 million job losses from early 2024-25, “proving Biden’s economy was weak” blah, blah, blah. MSNBC reports a Breaking Story without comment? Has it been a month since the orange pustule fired the head of the BLS? Are these numbers legit? Average job losses of 76000/monthly? Really? I need more confirmation…
Golman Sachs:
'And we think potential GDP itself is expanding at a solid 2¼% clip, as strong productivity outweighs the negative impact of reduced immigration on the labor force. Since 2019Q4—just before the pandemic started to play havoc with the statistics—real GDP per hour worked has grown 1.8% (annualized) in the nonfarm business sector and as much as 2.6% in the nonfinancial corporate sector. A growing boost from AI should keep these trends solid or even raise them further in coming years.'
Truth is always the first casualty in war, whether political or actual. But those lies cannot counteract what most people experience. (Unless biases overcome perception--read Heather McGhee's "The Sum of Us.")
Jarod, you can’t accept the depth of MAGA connivance. I expect the BLS will be defunded and their role taken over by the Heritage Foundation… Is there a point at which Congress and SCOTUS rebels? Maybe not 👿
>Would the CEA, even under this president, really write a hit piece
Yes. And if the current staff won't, no doubt new staff could be found.
Otherwise, as the saying goes, reality has a well known liberal bias.