Applications for U.S. unemployment benefits declined for a fifth straight week to the lowest level since mid-April, showing a resilient job market. First-time jobless claims decreased by 7,000 to 221,000 in the week ended July 12. The median forecast in a Bloomberg survey of economists called for 233,000 applications. read more
Retail sales rebounded in June, an indication that President Trump's tariffs are not significantly impacting consumer spending habits yet. Headline retail sales rose 0.6% in June, above economists' expectations for a 0.1% increase month on month. By comparison, sales decreased 0.9% in May, according to revised Census Bureau data. read more
Wholesale Inflation Flattens in June as Companies Cope With Tariffs Wholesale prices were unchanged in June, surprising economists who were expecting to see a modest increase. The Producer Price Index also showed wholesale inflation slowed annually. read more
The U.S. government posted a surplus in June as tariffs gave an extra bump to a sharp increase in receipts, the Treasury Department said Friday. With government red ink swelling throughout the year, last month saw a surplus of just over $27 billion, following a $316 billion deficit in May. That brought the fiscal year-to-date deficit to $1.34 trillion, up 5% from a year ago. However, with calendar adjustment, the deficit actually edged lower by 1%. There are three months left in the current fiscal year, which ends Sept. 30. A 13% increase in receipts from the same month a year ago helped bridge the gap, with outlays down 7%. For the year, receipts are up 7% while spending has risen 6%. read more
Trump tariffs live updates: Former 1st world nation Canada struck with 35% tariffs, Trump floats higher blanket rates read more
"#5 | Posted by ClownShack"
Actually ------- - you prove my point for me.
According to you, Trump turned the US into a "a flaming dumpster fire" that Biden was able to save from economic depression and a covid mass culling - AND YET - with that collective memory and current experience from the US public - he goes on a historic landslide victory just 4 years later.
We can use the Norm MacDonald logic from his famous SNL monologue:
www.youtube.com
Trump was fired in 2024 because he was a bad president
And yet, just 4 years later, not only does he win, he is brought back in a landslide.
Do people think he learned to be a better president in the 4 years since 2020? No.
It is just that the Democrats have become unimaginable BAD.
Or, we can go with the alternative explanations:
1.) Trump was not a bad president in his 1st term
2.) 2020 was not a legitimate election
For, me, I think it a bit of all three explanations.
"#17 | Posted by oneironaut"
As I posted in another thread - his descent into insanity is probably a result of untreated syphilis, a disease common among those that share his degenerate lifestyle.