Trump’s Effectiveness Has Now Been Shattered. Dems Will Win the Mid-Terms.
The disastrous jobs-numbers that were released on Friday August 1st, showing that the U.S. added only 73,000 jobs in July and a mere 106,000 jobs since May (while the U.S. economy needs to add 80,000 to 100,000 jobs each month in order to replace employees who leave the workforce for retirement or incapacity), mean that the enormous uncertainty that Trump’s tariffs have created for business planners — whose top concern is their supply-chains, which need to be planned months in advance of signing contracts with suppliers — are crashing the U.S. economy. I therefore had always had been expecting this collapse to happen, and was consequently very surprised by the favorable May and June numbers, but now they have been drastically revised downward, which suggests that the Bureau of Labor Statistics had been padding the employment numbers during those two months, and that its Commissioner had finally decided not to do it yet a third time, because that would only lead to an even bigger reality-deficit building up, and so the person would then definitely be investigated for having committed fraud. But, anyway, this supply-chain issue is the critically important one, though the U.S. press, for some reason, had been paying little attention to it. So, that problem has simply been quietly festering till now.
For example, if a supplier is in China (the biggest exporter to the U.S.) or in Mexico (the second-biggest exporter to the U.S.), then all of the unclarity till now, regarding what Trump’s tariffs would be on those countries, has made impossible for an American corporation to know whether or not to switch to importing from a different country — which would mean for the U.S. company to go through a possibly months-long searching-and-negotiating process, of finding and contracting with a different supplier, in a different country.
Trump did not start his second term on January 20th by announcing what his tariffs would be, but instead started, at that time, his own negotiatin
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LewRockwell.com is a libertarian website that publishes articles, essays, and blog posts advocating for minimal government, free markets, and individual liberty. The site was founded by Lew Rockwell, an American libertarian political commentator, activist, and former congressional staffer. The website often features content that is critical of mainstream politics, state intervention, and foreign policy, among other topics. It is a platform frequently used to disseminate Austrian economics, a school of economic thought that is popular among some libertarians.
