Imagine the howls if Biden did this.
US Consumers Will Bear the Brunt of Tariff Costs
No one with an ounce of common sense would dispute this Bloomberg headline: US Consumers Will Bear the Brunt of Tariff Costs, Goldman Says
- Consumers in the US have absorbed an estimated 22% of tariff costs through June, but their share will rise to 67% if recent tariffs follow the pattern of previous levies, analysts including Jan Hatzius write in a note
- American businesses have absorbed around 64% of the costs of tariffs so far, but their share will fall to less than 10%
- Still, the impact on businesses is mixed — while some have taken a larger share of the tariff hit, domestic producers shielded from competition have raised prices and benefited
- Foreign exporters have absorbed an estimated 14% of the cost of tariffs through June, but their share may rise to 25%
- The impact on foreign exporters can be gauged from a slight decline in import prices on tariffed goods
- The net result: a bump to inflation for the rest of this year. Goldman predicts a year-on-year core PCE reading of 3.2% in December, based on an assumption that underlying inflation net of tariffs would be 2.4%
We can quibble over percentages, but not the headline “Consumers Will Bear the Brunt of Tariffs”.
Hoot of the Day
The Wall Street Journal reports Trump Calls on Goldman to Replace Economist Over Tariff Stance
President Trump on Tuesday appeared to call for Goldman Sachs GS Chief Executive David Solomon to replace the bank’s top economist over his past predictions, in his latest broadside against executives he believes are undermining his goals.
Trump said on his Truth Social social-media platform that Solomon should “go out and get himself a new Economist” because the bank made a “bad prediction a long time ago” on the market and tariffs. The president asserted that tariffs haven’t caused inflation or other issues for the U.S. economy.
He also questioned whether Solomon himself should focus on just being a DJ, a reference to the bank chief’s former side gig.
Trump appears to be referring to Jan Hatzius, the bank’s longtime chief economist, though he didn’t call him out by name or title. Hatzius is well-known on Wall Street for forecasting in 2008 that mortgage defaults could lead to a severe recession.
Hatzius and his team have been among the many economists who have predicted tariff policies would dent labor markets, cause higher inflation and slow U.S. economic growth.
Trump has frequently butted heads with executives and has no qualms about telling them how to run their companies. Last Thursday, he called on Intel Chief Executive Lip-Bu Tan to resign over business ties to China, though he has since appeared to soften his stance toward Tan. Trump also told Detroit carmakers not to raise prices and demanded Walmart “eat the tariffs.” He wants Coca-Cola to use cane sugar instead of corn syrup and has signed executive orders targeting elite law firms with Democratic ties, stripping them of government contracts and security clearances.
Earlier this month, he abruptly fired the head of the Bureau of Labor Statistics, a nonpartisan agency, over lackluster job numbers, claiming statistics had been manipulated. He said this week he would nominate as her replacement E.J. Antoni, the chief economist of the right-wing Heritage Foundation and a longtime critic of the agency.
Truth Social
Truth Social Link: Trillions of Dollars are being taken in on Tariffs, which has been incredible for our Country, its Stock Market, its General Wealth, and just about everything else. It has been proven, that even at this late stage, Tariffs have not caused Inflation, or any other problems for America, other than massive amounts of CASH pouring into our Treasury’s coffers. Also, it has been shown that, for the most part, Consumers aren’t even paying these Tariffs, it is mostly Companies and Governments, many of them Foreign, picking up the tabs. But David Solomon and Goldman Sachs refuse to give credit where credit is due. They made a bad prediction a long time ago on both the Market repercussion and the Tariffs themselves, and they were wrong, just like they are wrong about so much else. I think that David should go out and get himself a new Economist or, maybe, he ought to just focus on being a DJ, and not bother running a major Financial Institution.
All that can be said is Tariffs have not amounted to much price inflation yet.
But most economists never expected an immediate reaction.
As for “late stage”, Trump delayed tariffs so many times, this is early stage, not late stage.
Front-running the tariffs was massive.
Also, the irony is staggering. Trump warned the automakers, Amazon, and Walmart against raising prices. What does it say when you have to do that?
Tariff Confusion – Who Pays the Tariff
Clever questioning forced Treasury Secretary Scott Bessent into admitting the truth.
Unfortunately, the reporter needed one more follow-up question: Is Trump ignorant of how tariffs work or is he a liar?
I would love to have heard and answer to that.
What’s the Benefit?
Is there a benefit to sounding like an economic illiterate, a carnival barker, and a dictator?
If so, someone please explain.
Some of my readers have suggested some of what Trump does is Epstein avoidance distraction. But I don’t think so.
The press cares much more about Epstein than the public.
Polls show the cost of food and shelter are the two primary things on the public’s mind.
Could Goldman Be Wrong?
Certainly. But the most likely way for Goldman to be wrong is a demand collapse in an accompanied recession.
This would make Trump look bad on the jobs front as well.
Also, the long bond reaction today to the CPI was not good. The 30-year bond yield is 4.89 percent. It was 4.82 percent yesterday.
Since the long bond has not yet given up on stagflation, neither have I. Stagflation is not my call, but we cannot rule it out.
Related Posts
August 1, 2025: Payroll Disaster, Jobs Rise 73,000 but Massive Negative Revisions
Monthly Revisions
- The change in total nonfarm payroll employment for May was revised down by 125,000, from +144,000 to +19,000
- The change for June was revised down by 133,000, from +147,000 to +14,000.
- With these revisions, employment in May and June combined is 258,000 lower than previously reported.
August 7, 2025: Continued Unemployment Claims Jump by 38,000 to New High Since Nov 6, 2021
Continued claims hit a new high for the move of 1.974 million. That’s not the full story.
August 12, 2025: The CPI for July Was a Mixed Bag of Good and Bad, Here’s the Details
Year-over-year core CPI is up 0.2 percentage points in July to 3.1 percent.
That more than a full percentage point higher than the Fed wants to see. It was also higher than the Bloomberg consensus estimate of 3.0 percent for July.
The Mish U1 Recession Indicator Is Flashing a Big Warning
On August 8, 2025 I commented The Mish U1 Recession Indicator Is Flashing a Big Warning
My U1 (15-weeks unemployment recession indicator) is very elevated.
Recession is the most likely way for Goldman to be on the high side of inflation.
Man trillions coming in on tariffs. That fast. The national debut should be payed off by this time next year.
Make Epstien files go away and the Tarrif UP dn UP dn talk will go away
What it says is Trump is either living in an alternate reality, lying, or both.
I’ll take both.
you mean the amerikan electorate, too. democracy works perfectly well.
Maybe the real problem is not so much Trump babbling nonsense. It’s that the people he has now around him parrot back to him his own nonsense, creating a bad feedback loop that could end in catastrophic policies. Hannah Arendt in her book about authoritarianism suggested that authoritarians will only employ crackpots and fools whose lack of intelligence and creativity is the best guarantee of their loyalty. Clearly, the BLS firing confirms Arendt‘s judgement.
I’D agree but also perhaps it’s what republic of plato warned us all about. democracy works. assholes will elect assholes.
Most under-rated author in this political climate. Wish everyone had your familiarity with her work.
Great to read of Arendt’s thoughts with the morning coffee.
agree. her center at bard college near one of my houses
“The larger the mob, the harder the test. In small areas, before small electorates, a first-rate man occasionally fights his way through… But when the field is nationwide, and the fight must be waged chiefly at second and third hand, and the force of personality cannot so readily make itself felt, then all the odds are on the man who is, intrinsically, the most devious and mediocre—the man who can most easily adeptly disperse the notion that his mind is a virtual vacuum.”
Yep the old stuff is always better and time tested.
Boondock toon from the BUSHCO years, same problems different decade.
https://www.arcamax.com/thefunnies/boondocks/
correct. hat tip Arendt and other thinkers in history.
Trump failed Mathematics in grade school or is a lying pedophile? Or Both?
Drug prices can not fall 1,500%
The terror~if’s are only bringing in $30 billion per month. Not trillions!
When you have fewer votes than the other guy? You lose! Lying to your cult and inciting a riot and insurrection to stop the lawful transition of power is sedition.
Less than 18 = the no touch zone for adult males!
Do the math Trump!
And WHY is this pervert allowed to walk the street much less be POTUS?
>>>>>
We know BIGGOV and BIGBUS lie all the time. It has been proven for what centuries?
What is the point in arguing a solution for something that is a fallacy?
Trump is using dementia math.
Is Toyota USA an American business?
I would say worker wise it is. Ownership is stocks so would say international.
watch “face in the crowd”. andy griffith’s first film and eerily like pedotus trump.
Good film but Trump is not a guitar-picking hobo with no skills except a folksy manner.
Oh boy, we have a strict literalist in the house. Anyone have some starch spray?
my thoughts too. i block that fella mostly. along with some other trolls.
you miss the point. both just grifters with the gift of cult leaders.
You take a movie for reality.
Correct. He can’t play guitar, and he’s an asshole. Still you simp for the Cheeto pedo.
who is andy griffth.
With Trump you never know whether he is playing a village idiot knowing full well that he is 1,500 percent wrong, or he is an exceptional Dunning-Kruger case study.
He’s Chauncey Gardiner from Star Trek’s evil parallel universe
“As democracy is perfected, the office of president represents, more and more closely, the inner soul of the people. On some great and glorious day the plain folks of the land will reach their heart’s desire at last and the White House will be adorned by a downright moron.”
― H.L. Mencken, On Politics: A Carnival of Buncombe
Have you read his diaries?
who is mencken
Someone educated people know about
Archie, not Andy !
We already knew you were a dipshit. You don’t have to prove it.
Eh I just tend to ignore what Trump says on his platform. No use getting exercised over his Bobby Heenanesque rantings because he’ll say something one day and then something completely different the next. It’s enough to make one schizo if you took what he says literally.
I’m more concerned over the bottom line, which is this: the US Government needs more income to finance its deficit and its debt.
Usually this is done by raising taxes on the domestic populace, but that’s deemed political suicide since the days of Bush the First. And Congress has neither
the will nor the leadership to cut spending.
So it’s been decided by Trump and the powers that be — and believe you me Congress supports this route because it beats raising taxes on themselves and their rich buddies — that the way to close this funding gap is to tax foreign countries and the US consumer. Hence, the US will deploy tariffs on its friends, enemies, and countrymen.
And if you think once Trump’s gone these tariffs will magically disappear…think again.
Biden kept Trump’s China tariffs from his first term and actually added new ones on the Q.T. since everybody associates Trump’s name to tariffs. And this will be the name of the game for the next Administration because the US Government is very adverse to give up any income stream once it’s hooked into its veins.
Now if these tariffs don’t raise enough moolah to close the funding gap, then it gets interesting…
1. Which foreign countries send money to US customs? Tariff payments to US customs come exclusively from US importers.
2. The 2025 federal deficit is projected at $1.9 trillion (which already includes $300 billion in tariff revenues). This is larger than 2024. We need even more tariff revenues to “close the gap”.
3. I agree that once tariff revenue is established, it will be difficult to remove. Which will make US manufacturing even LESS competitive than it already is. And US consumers will be paying higher prices, wherever companies can pass through those tariffs.
…then a controlled level of globalization might be back. So what. So what. Tariffs are here to stay. In the 80’s/90’s oil glut tamed inflation. In the 80’s/90’s real housing prices deflated. Both bottomed around 1995. A similar two decades might be ahead of us. /// Normal inflation: zero to 9%. Elevated inflation: 10% to 19%. High inflation: 20% to 80%. Hyperinflation: 80% and above. We suffer from a low level of chronic inflammation. Bernanke and Yellen distorted the yield curve. The ECB and BOJ have been worse. Gravity between Germany and the US pulls us together. JP tried to extract negative rates, but in Xmas 2018 he failed. Germany and Japan didn’t care. He tried again, but got a defective yield curve. It cannot indicate inflation. We need something else, perhaps a better BLS ???
Commercial banks don’t lend deposits. The decline in velocity tamed inflation. Then Greenspan let the banks become not bound by legal reserves in 1995.
How do you tax a foreign country?
While Mencken’s quote (around here somewhere) resonates, so too does this work from James Corbett in which he compares Trump to a politician in Hitchhiker’s Guide to the Galaxy, where the politician’s purpose is simply to draw attention away from the people or organizations that actually wield power.
https://corbettreport.com/episode-395-precedent-trump/
so smart !
History repeats. Bread and circuses. Nothing new here, move along. Nobody learns from history so we do have a moron in the Whitehouse.
Very concerning. Yes, the president has speech rights, and opinions, and this one is not the first to lash out at institutions (such as FOX news by Dems). But the free flow of information matters, and this is stretchng the norms in all directions.
From “demented” to “deranged”.
Good thing people didn’t waste their vote on independent candidates.
so sophisticated !
The service sector is 70% of the US economy. That sector causes inflation. Trump put a leash on this aggressive, biting, uncontrolled dog and grows the industrial sector instead. People complain about the high cost of housing, rent, insurance, medical bills, restaurants…yet they herd together, competing with each other with incoherent odd remarks trashing those who “dare” to disagree with them. And what if YOU are wrong !
Can we get a new President?
Watch out Mish, don’t be too correct or Trump will eventually put you out of business.
I’m waiting for the day when the presidential AI starts scouring sources like this for persecution.
No real risk there. The Mish recessions don’t materialize yet he remains confident!
No, Trump did not ask Goldman to replace their economist. The way it reads to me, he was jibing them for being publicly wrong (at least so far). And perhaps reminding them that being wrong might not be good for their wealth.
Pretty much everyone at that level already understands the whole thing is a game. Jan Hatzius and the other Goldman economists don’t get paid for helping the public understand what’s going on. There’s no “economist grading” based on how right or wrong their predictions are (hint: mostly wrong). No, they get paid for spinning plausible narrative to manipulate Goldman’s “muppets” into doing things that boost Goldman’s profits.
They do that so well most people can’t tell that they were fooled into buying bonds and houses all through 2022-2023 “because rates will go down again soon”. Or fooled into missing the huge rally in gold. Or fooled into crypto. Or fooled into AI stocks and all the other corners of the Everything bubble. If it trades there’s a sell-side narrative designed to fleece the greater fools.
That’s the nature of the game: Wall Street’s interests conflict with their “customers”, and they create credible-sounding economists to spin the narratives that will bring in the muppets to be fleeced.
So Trump probably wasn’t jibing them for just being wrong (that’s expected), but for doing so in a way that conflicts with Trump’s goals.
P.S. “muppets” was a Goldman insider’s term for their own clients, not so many years ago. Others call them sheeple.
Anyone in the business knows the role of analysts and economists have that work for investment banks. They are there to sell whatever the firm tells them to sell and to do it well. Doing it well means getting clients to do what the firm wants them to do but in a way and using language that allows the firm to hedge their decisions meaning that if the situation demands it they can get their clients to sell what they just bought and visa-versa. Truth has nothing to do with the analysis but making money does. Trump was just stating the obvious.
bingo. winner. what wall street economists real jobs are. also, it can be true that trump is a tyrant who does want to control everything including sharing in revenues of nividia……….too.
But their real name is OPM.
Needed for Goldman to exist.
You are entitled to your own interpretations – as if you know the inner workings of Trump’s brain – but it sounds like you’re really reaching on this one.
Because Trump literally said “I think that David should go out and get himself a new Economist or, maybe, he ought to just focus on being a DJ, and not bother running a major Financial Institution,” the president wrote.
So yes, he did say Goldman should ‘replace’ their economist. And that’s news to some people because Trump also just fired the BLS Commissioner who pulls together economic data – and NOT for an employer trying to sell something (unless you get hired by Trump)
Trump’s posts are not at the level of formality you’re trying to ascribe to them.
Trump’s comment only makes sense if you think of Trump as a capitalist business owner talking to another owner. Imagine, say, a sports team owner, talking to a different team’s owner:
“Wow, you guys really lost badly. What’s with those draft picks? Your team is so bad, you should go get a new one! And maybe you should think about quitting the game and going back to your hobby, too!”
That is a jibe, intended to trigger a reaction. It’s not meant as a request or a demand of any kind. Trump knows perfectly well he doesn’t control Solomon or Goldman.
But he sure knows they’ve got egg on their face over their poor economic predictions, and for whatever reason he wants to rub it in.
How to put it succinctly and on point.
I admit it’s possible that this statement is a kind of boisterous locker room talk like “The ladies love it when I grab them by their p…”
But do you honestly think there’s not a possibility he means what he really says (an implicit threat)? I mean he has made specific universities (not all) write a check to the federal government out of their endowment before he re-authorizes federal funding due to them. He forced Nvidia and AMD to agree to share private sales revenues with the federal government or he wouldn’t authorize their export licenses.
So no possibility at all he’s serious about his warnings to Goldman Sachs about their future economic prognostications? Do you really believe that? Or do you have this view just because it’s your guy? What would you say if Biden had done the same? Just talk?
One has to carefully distinguish different types of communication.
It’s one thing if Trump writes a social media post, or says something stupid in private. It’s quite a different thing when a university gets an official, formal, legally binding letter from the Secretary of Education, Homeland Security or wherever enforcing the nation’s laws.
It’s like the difference between a corporate earnings press release and their GAAP accounting statements. Or between TV sports commentary and the actual game being played.
Trump’s not “my guy”. We all have financial incentives; for some of us those favor having an accurate understanding of what’s going on. For others, emotional needs take over and people want their biases confirmed. For the media, the incentives currently favor distorting the truth to trigger emotional bias-confirmation responses that generate ad revenue (“click bait”).
It doesn’t matter who’s in power, most of the media will misinterpret whatever any politician says to favor their narratives. Biden, however, was a lot less vocal than Trump. Regarding media distortion and Biden, the tell was how much they covered up his cognitive decline. But in both cases there’s an awful lot of pretending they meant something they didn’t.
We’re pulling in trillions of dollars into US coffers??? Well thank god. That deficit is gonna start dropping like rain in Texas. Next thing you know we’ll be awash in cash like never before! Surpluses like no one has EVER seen! It will be amazing! It will be the greatest economy the world has EVER known! It will be as I command it to be or my name isn’t Elizabeth Holmes!!!
Trump failed third grade mathematics… Sad, pathetic and angry little boy ~
How do you want me to believe that statement?
We don’t care what you believe, except as a source of mirth.
I don’t care what you believe. Just want to if know the truth, did he fail third grade mathematics?
It’s 1500% true!
How do you want us to believe you?
True!
Don’t use we, use I.
I do not agree with the conclusion that US consumers will pay higher prices due to tariffs. I may be wrong but please follow my logic.
An importer enters a purchase foreign made good because the importer believes his customer will pay a new and higher price. Why. One possible reason:the importer does not believe there is a comparable product in the market and US consumers will pay a new and higher price.
What if this importer’s assumption is wrong? In fact, a more resourceful importer finds a comparable product at a lower price or a domestic US provider has one at a lesser price?
Capitalism is dynamic. Entrepreneurs can be very resourceful.
Another alternative reason why US consumers may not pay the tariff is their budgets may be otherwise constrained and they wait for a sales-off opportunity to buy the product at its old price.
Economists make a habit of providing conclusions but not their assumptions. Garbage In means Garbage out.
And what if YOU are wrong?
The US imports 99% of the bauxite we use in our aluminum smelters because we have almost no bauxite of our own. All our imported bauxite is now tariffed at 50% and higher. What is your alternative?
Our farmers import 90% of the potash they use because the US has so little potash. And that us now tariffed. What is your alternative?
We import over 80% of rare earth materials. What is your alternative?
Follow his logic he writes… LMAOROTF!
The stupid is strong with this Trump voter ^
Play the Bessent Video
I find your grasp of economics disturbing
Yep. His grasp is slim.
“ One possible reason:the importer does not believe there is a comparable product in the market ”
Businesses have been trading globally for centuries; exporting AND importing based on constantly searching for the best product at the best price from wherever it can be found. It’s the “invisible hand” of the free market. It is delusional to simply “believe” that domestic businesses do not look for domestic alternatives. In fact, most businesses look domestically first, because is easier. If there were equivalent or better domestic alternatives, they would already be in use.
Yes, and if they didn’t they’d go out of business, because their competitors would.
Is there a benefit to sounding like an economic illiterate, a carnival barker, and a dictator? Yes, to his narcissistic pedophile ego, to the hysterical howl of his cult.
Here is a statement from the new head of the BLS.
“How on earth are businesses supposed to plan — or how is the Fed supposed to conduct monetary policy — when they don’t know how many jobs are being added or lost in our economy?” Antoni said in that interview.
“It’s a serious problem that needs to be fixed immediately,” Antoni said at the time.
“Until it is corrected, the BLS should suspend issuing the monthly job reports but keep publishing the more accurate, though less timely, quarterly data.”
Hahahahaha!
At least this administration is good for a laugh.
A rueful laugh, yes, I’\ll take it where I can get it. Hannah Arendt and Masha Gessen have written about the strange emotions people go through when subjected to, and living with, this sort of thing, as it progresses.
hat tip to “the banality of evil”
Yep. Things get more surreal every day. Trump is drunk with power and thinks he can control everything he sets his mind to. He also seems to think he can fool everyone with his lies and exaggerations; probably because no one around him will correct him when he makes ridiculous statements. Just your typical yes men that all dictators need. You can even see some wannabe yes men here.
I love that we are now collecting “trillions” in tariff revenues and that he has lowered pharmaceutical prices by 1500%!
Fortunately, I ignore him for the most part. I just get the highlights (lowlights?) online and trade accordingly. The volatility that results are a traders dream come true. I can’t change it, but I can profit from it.
So GS thinks core PCE inflation is going to rise from 2.6% currently to 3.2% by the end of the year. Okay, let’s take that at face value as being a likely outcome.
In Sept. 2023, core PCE inflation was 3.4% or just above where they’re predicting we’ll be in 5 months. At the end of Sept 2023, the 10YT was ~4.5% or about 25 BP above where it stands now.
At least for housing, what’s the worst that can happen? Mortgages move back up to 7%? Who cares? The housing market has settled into the new normal, higher for longer.
And like Wolf points out, there’s WAY more spiking in core services which is not directly tied to tariffs than in the components that are more directly related to tariffs.
Fortunately, we don’t have too much longer for all of this legitimate tariff concern to play out. In about 10 weeks, we’ll have the core PCE inflation reading from Sept. By then, we’ll know if GS is on the right trajectory.
Wolf thinks housing prices are going to fall out of bed. Powell is not Bernanke.
Not a hoot.
Goldman will probably cave because the senile orange psychopath has way too much power.
Trump is economically illiterate and obviously the tariffs are paid by the importer and passed on to the consumer eventually. The tariffs will cause inflation or his economic policies will cause a recession. Either way, trump is a liar and pedophile.
I do not know why anyone would take Trump seriously or bend to his rants.
The tariffs will cause inflation or his economic policies will cause a recession.
Wait, you’re saying inflation and a recession are mutually exclusive?
What happened to inflation eventually causing a recession?
To my thinking, they’re highly correlated.
That’s called stagflation. It’s the 70s again, baby!
Currently, inflation & GDP are running about equal. That’s NOT stagflation. Back in the late 70’s-80’s when inflation was jumping from about 6% to 18%, GDP was 1.5%. THAT’s stagflation.
Now if you take the approach that the BLS inflation numbers are junk, then we can talk about stagflation.
Shadowstats has inflation running ~8% (1990 methodology) or ~12% (1980 methodology).
But I guess that’s the point of all this BLS talk. Are their numbers accurate? No, they’re not.
According to my Lysenko Economics professor at Trump University, it’s not a lie if you believe it
I follow your logic; because tariffs are paid by the consumer, then Trump is a pedophile. Simple cause and effect. Why didn’t I think of that?
The Cheeto Pedo is a pedophile because he raped children and sent a child sex trafficker over a billion dollars, full stop.
That makes you a pedophile supporter.
Why didn’t you think of that?
lol ok
From the most subversive toon out there. Rick and Morty and the sheer insanity of the episode fits wit the article
.I’d like these men turned back into humans, please.
Yes, of course, Mr. President.
But I thought we already rehumanized all the turkified marines.
I’d like these men turned back into humans. I am the president.
Yes, sir. Sure thing.
Increase their strength by one thousand percent.
But that wouldn’t be human.
Turkeys have always been more than human.
Okay. Uh, so right there, now I’m starting to– [grunts]
I am selling New York to France.
– [gasping] – And giving all of the money to Congress.
– [cheering] – [man] A- ha! All right, yeah!
– Now that’s how you do it. – He became president today.
– [gasping] – [murmuring]
That’s right, murmur! And when you’re done, get me some pants.
If you’re the president,
who the hell have we been governing the country with for the last three hours?
An impostor, you good- for- nothing idiot! You humanized the wrong turkey!
It’s possible. We shouldn’t leave anything to chance.
Wouldn’t want Congress working with the wrong president.
A very good point, Mr. President.
Do we believe this fine feathered collaborative gentleman
to be our commander- in- chief?
Or are we gonna let Mr. Cash Bar at the Christmas Party stay in office?
All in favor of Turkey President?
You can’t be serious. You think he cares about America?
Is that why this is happening to you? Because you cared about America?
Guards, these men are– What is the word?
Terrorists.
We will have happy news or no news at all.
Trump’s BLS nominee E.J. Antoni suggests suspending monthly jobs reporthttps://www.cbsnews.com/news/trump-bls-nominee-e-j-antoni-suspending-monthly-jobs-report/
The beatings will continue until morale improves!
The reports are garbage. Why bother with them?
Stop surveys and use the data from tax forms. Number of individual social security numbers reported as working plus those with estimated quarterly taxes. Do this quarterly. It will be right directionally.
Could reduce staffing to about 10 people.
Private sector can provide monthly – ADP
That sounds like work and expensive. Just ask Trump – even if you have to pay him, it will be accurate and cheaper.