Trump breaks down the economic numbers.
Major Announcement
“One chart really says it better than anything. This chart is pretty amazing. Right here. All new numbers. OK.”
I have zeroed in on numerous clips. I cannot see what the chart says.
Tariff Confusion – Who Pays the Tariff
Bessent is trapped by carefully worded questions.
The reporter needed to be one more follow-up question: Is Trump ignorant of how tariffs work or is he a liar?
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 5, 2025: BLS Chief New Job Requirement, Be a Trump Loyalist, the Pay Is $195,000
The hunt for a new BLS head is on.
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.
Mish, of late your posts are veering towards anything Trump does is bad or actually worse only concentrating on what you consider to be a bad outcome. Well I wouldn’t worry so much. The Dems will come back someday and throw away the Constitution, eliminate free speech, open the borders and throw anyone who disagrees with them in prison. Then America will be just like Europe, an intellectual communist paradise. Maybe in your spare time you could go back to economics for a while.
It looks like one of those charts from the pandemic, showing rising cases.
We can argue about what the charts say and what Trump says but I agree with another poster…the headline gathers eyes but it’s not true, other than the picture shown.
In less that 3 seconds I typed “trump from white house 4 ET 8/8/25” and a search result led to the charts presented, easily readable.
Content debatable? Yes. Readable? Yes.
Notice no link shared, no attempt to help anyone else untangle a mess. A very rugged individualist you are.
What did you find that was legible? Other sources are reporting that it shows the gains in median household income since 1/1/2025 from $0 to $1,100-something. That is totally irrelevant garbage, but I will wait to see if you can correct us with actually useful info on the chart you said you actually saw with your eyes, come on now, pony up brother.
Really? Just type it into Google search as i typed it. You’ll see the chart, title, content and the mentions of the debatable parts. I just tire of the sensationalism on all sides. It was readable and what it says is up for debate (using estimates for recent data). That simple. Why is the hatred on one side and cult worship on the other a required daily thing now?
You want a link…easy…. but the point is to get folks to be more discerning and less lazy. It seemed impossible that no media outlet showed a clear picture (discernment) so I did 10 seconds of work (less lazy) and got the story.
Instead you went of the offensive attacking my comment instead.
Why is the chart blurred?
I thought politicians stuck to the traditional red or blue ties not for party affiliation but psychology.
Why is TACOS YELLOW?
The unintended irony is incredible.
The chart isn’t blurred. Since Trump took office Real household income is up. Since BLS overextended 1.5 million job creation it will be rectified and corrected. Job creation correction along with SPX correction will force JP to cut rates. Lower rates, a smaller gov, tariffs to protect investors and workers…
Tariffs protect investors? Did you just make that up?
That’s what he does. Anything to defend the pedo in chief.
Ah yes, if it weren’t for all these criminals Trump will never name let alone prosecute, Trump would be sitting at God’s right hand side, or maybe God at Trump’s side, by now. QED
FOX News lady wore similar color this morning.
BLS blow job !
The only thing keeping Trump from perfection is unfairness and his being persecuted constantly. /s
Another stupid presentation for stupid people.
And yet here having fun with comments.
Honestly ZH has a vaster depth of humorous commentary and a fun way to start the day.
I never claimed to be the brightest bulb in the box.
The White House issues an economic update: “We are in a new Golden Age of America now!The Trump economy is winning bigly, we are ugely expanding everything and creating billions of new jobs. Thousands of countries are lining up to kiss my ass! Our tariff policies will make things much more affordable for Americans! Trust me, bro. This chart here proves it!”
It is as if Trump believes that many of us DOUBTERS (about Governments) will fall for this shit.
Hello, The chart is easily found on You tube and show the increase in household income with Trump. No hidden mystery here , Just needs a little research (2 minutes tops) to find it. Advise doing your homework first Mish!!
https://www.youtube.com/live/PMQt_xa3ouQ?si=CqHxDyvAUut7mRSB
The chart is bullshit.
Real Median Household Income is through 1st Quarter 2023
https://fred.stlouisfed.org/series/MEHOINUSA672N
Fred: Real median Household Income cutoff 2023 !!
Yes, but these were estimates from Stephen Moore, Trump’s MAGA economist buddy and author of “Trumponomics”
See, Trump believes these estimates are correct and not rigged. But those from the previous BLS commissioner were incorrect and rigged.
Of course, it does not matter if other economists (including Trump nominees) think the numbers are BS: https://fortune.com/2025/08/10/william-beach-stephen-moore-clash-trump-jobs-report-bls-press-conference/. Now Trump has ‘authority’ to show he’s right. Problem solved, easy-peasy
Sorry , the dates on the bottom of the chart say Jan 25 to Jun 25. The top of the chart clearly states these are estimates. My point was that the chart in a readable format can be found easily. Where as in your article you state,“I have zeroed in on numerous clips. I cannot see what the chart says.”
Which i agree is bullshit. as your comment is not true ( about being able to read the chart) . Whether the data is bullshit is not known yet as these are estimates! The economist clearly states it is advanced data from the census bureau and won’t be published for up to another 6 months. so we don’t know officially yet. Please listen to the entire clip . Details and also telling the truth to your readers are important!
https://www.youtube.com/live/PMQt_xa3ouQ?si=JETovoqXPkUSa1Dv
Good to see people learn fast – that “economist” at least understands what type of “statistics” TACO expects in return for some job security.
Coming here to correct Mish when he is more transparent, accurate, and honest than 99% of media out there is RICH. Why not start your own Truth Blog, truth soldier?
So now he is taking credit for Median HHI gains during the Biden administration? Laughably dishonest
Wage growth since March 2021 has not been enough to offset inflation during the same period. Wage growth has been declining since May 2022 and has been flat since January.
Where are you getting this info?
Median real (after offsetting inflation) weekly earnings have increased (over time) for the last three years straight.
https://fred.stlouisfed.org/series/LES1252881600Q
Isn’t Bessent embarrassed to be working for such a moron?
He’s either ignorant, stupid, misled, purposefully evasive, or ??
I would lump all of those together into one word: INANE.
Follow the money. “If you don’t like my principals, I have others”. Groucho Marx, now repeated by all politicians.
What’s good for the US Biden’s idiots hate the most.
Is Trump ignorant of how tariffs work or is he a liar?
My vote is both.
It all distraction. The police state is slowly creeping in. More ICE agents, more powers for BP and ICE. More deployment spots for ICE, BP, and NAT GUARD.
Judges being arrested, people with different politics and world view being either deported or put on enemy lists.
Most of the GENPOP don’t understand there is a 100 mile inland Constitution free, no rights, zone around the entire us border. That includes most of the populace. All BP has to do is claim someone is a suspect and then boom arrests.
Detention centers being built.
Look at the whole drug thing then read Roberto Saviano’s Zero, Zero, Zero. About the Ndraghetta running Cocaine from Mexico to Europe.
The EU has had two different trials within the last four years of this groups with hundreds of arrestees.
NOPE all China.
Family of Montreal woman detained by ICE for over 3 months living a ‘nightmare’Paula Callejas is one of around 55 Canadians currently detained by ICE
I’m the Canadian who was detained by Ice for two weeks. It felt like I had been kidnappedJasmine Mooney, back in Vancouver, Canada, after her detention in Ice facilities for two weeks.
I was stuck in a freezing cell without explanation despite eventually having lawyers and media attention. Yet, compared with others, I was lucky
Brown folk showed for public arrests but White or Canadian nationals, NOPE.
I have no clue regarding Asians.
Right now nearly everything is to remove the focus form the growing police powers and various unusual moves. Once a precedence has been set it gets applied to every case.
Economic collapse. Round up the complainers and off to detention centers or places like El Salvador. Held worse that Assange.
The scariest phrase in the US ( Any nation really) is and will always be ” I’m from the government and I’m here to help”.
A smaller gov and tariffs to protect trillions of private investments. From 100Y of socialism and globalization, which transferred power to other nations, to onshore and transfer power back to the private sector.
Nope. Benevolent Despot.
We have a neighbor who has been wreaking Havoc on all of us. I will not go into details, but she is TRUMP-LIKE:
LOUD, obnoxious, Vicious, Conniving, and generally intolerable.
Everyone is working on getting her into Jail. Trump deserves the same destination for his INCESSANT BULL-SHITTING of his followers – – who like Biden-Followers, can accept ANYTHING from these morons.
It is a woman dude what do you expect? I have a few in my hood they get locked into a single mindthink and follow that path to destruction.
I was seeking a ride for my dog from a woman I knew a couple of decades ago.
Tattooist, Buddhist, meditates every day follows Avalokitsavara.
The heel she was unpleasant and strangely inflexible. Looked like she gained 150lbs since I saw her two years ago.
It is all damn well TACO related Lesbian adjacent angst.
And the local Christians or Mormons are the same.
At least the homeless and excons hold a pleasant conversation.
Plus she was part of a cult and she and my exwife kind of committed kidnapping on an old woman being drained of her funds to support the cult.
The young ones are bad but may have some flexability in their thoughts. The old ones are just mentally shot.
Have two women down the street, one from Alabama and a George Supporter who actually hung a home made manifesto written on a bedsheet.
Southern woman flies her Dixie flag once in a while. On Pride day she flew the blue this is my pride flag.
Bedsheet posted a pick and exclaimed how she had to run out and purchase little Pride flags to place around her house.
Like Garlic and Vampires was that twisted path.
That’s a chart of the new new revised job numbers. Everything is great.
It is the legendary HOCKEY STICK chart. The global warming one.
Looks similar to an S&P Chart, right?
Blurry.
Barron is too old for crayons right?
LOL
Life has become better, comrades, life has become more cheerful
Stalin 1935
It’s all about power. In the 1930’s the 100Y uniparty turned its back on Stalin. In 2024 the 100Y uniparty reached its terminal point. Biden’s idiots still can’t get it.
16th President of the United States: 1861 ‐ 1865
Proclamation 113—Declaring Martial Law and a Further Suspension of the Writ of Habeas Corpus in Kentucky
Abraham Lincoln declared martial law in various instances during the Civil War, most notably in 1862 and 1863, often in conjunction with the suspension of habeas corpus. This was done to suppress rebellion, maintain order, and control areas deemed critical to the Union war effort
Trump’s chart: Azerbaijan, via Trump’s corridor in Armenia, hugging Iran, to Turkey and Europe. A viable trade axis from Asia, bypassing Biden & Modi, Putin and Shi and the dems idiots.
Azerbaijan and Armenia were fighting each other for 35 years, but now, under Trump, they are best friends and will stay best friends for decades. Iran threatened to dismantle Trump’s corridor which reduces Putin’s dominance in the Caucasus region and bypass Shi’s silk road and Kamala/ Biden’s idiots
That is so yesterday.
Remember when there was a Yugoslavia then the US wanted Camp Bondsteel and as a plus blew up the Chinese Embassy intentionally?
The claim that British musician James Blunt stopped World War III is based on an incident during his military service in Kosovo in 1999. He was ordered to seize Pristina airfield, but the Russians were already there. He refused an order from a US general to overpower the Russians, and his British commander, General Mike Jackson, refused to escalate the situation, reportedly saying, “I’m not going to start World War Three for you.
General Mike Jackson refused to obey Clintons & Merkel. The Clintons destroyed Europe. The E3, led by Macron, declared a Palestinian state and imposed an embargo on Israel. These idiots signaled Hamas: don’t give up! Within two month u can declare a total victory on Trump and Bibi.
But the E3 refuse to accept Palestinian refugees.
Bibi is done.
All his genocide is simply to keep him from trial and out of jail.
BRICS+ and Global South want to carve out the US, Israel, and whatever remains of colonial Europe.
They know the historical troublemakers and have power now and support.
BRICS played the slow long game, now they have what 120 nations and 3/4 of the worlds population on their side.
We don’t even have Canada as a Molsen drinking bud.
And there goes there Montreal Maple Syrup whiskey trade.
A self imposed genocide by Hamas for idiots like u. Merz and Macron will disappear from history books, but Trump and Bibi will not.
Self imposed? Last time i checked it was the israeli military blocking all the food transport and the settlers murdering palestines in the west bank. But you know that very well, it just doesnt fit your precious image of trump as a force for good.
– In a desperate attempt to convince Americans to ignore the latest bad jobs report.
> You just made that up! He did nothing of the sort. He never said or implied to ignore the numbers, but rather the numbers are past tense. They’re important to remember as we don’t Wish to be there again. The new numbers show the increase and how we are moving upward. It was simply showing the upward trajectory of the numbers, in Americas favor!! Stop reading more into it than is there.
– “So the tariff is paid in this country by the importer, is that right?”
> Absolutely! That is the point after all…
Literally which Americans? MAGA is split and TACO reviled by the good/bad side of the split. Dems don’t care and the middle is kind up on all this crap because they buy food and pay bills.
All of this is distraction from the creeping police state.
WWE level distraction.
He is looking to rebuild the Country from the cesspools that State Officials, and Mayors Policies have left them in. Look at the Crime in major Cities. A Universal Beautification Project for the Country!! Been far too long, we have ignored the atrocities.
There is one “For America”
Billions committed and authorized, will be flowing into America. This will creat Jobs for Americans.
There is two “For America”
And it goes on… like the chart shows: “Upwards Trajectory” The details have been laced out, through trade deals, and new business through new investment, and so much more. The Administration has been very open about the intent. Constitution-101 for those that require a refresher…
Yep. The point is to make domestic manufacturers uncompetitive by making them pay high tariffs that foreign companies don’t have to pay.
I think the chart shows the accumulated rainfall since Trump took office. Only one way to go …
I think it’s called stagflation
It’s called crowding out.
Thanks Mish.
Its funny. Really funny.
Why did the camera not zoom in to show the chart?
That is Trump’s personal wealth.
Do you see the angle? That is the inflection point where he was elected as president.
I’m convinced! Things really are getting better and better every day.
Haha cant read the numbers. He has the chart upside down.
It looks like the GMST (Global Mean Surface Temperature) since 1900.
The chart shows how far the Epstien files are ready for the dissapearing act.
Couple of points to consider:
Do you really expect the FED or the the executive branch to say there is a recession coming? The Biden administation changed the meaning from 2 qtrs of negative GDP growth to “who knows” to avoid saying recession while the purchasing power of Americans continutes to dwindle.
1) The US ran a budget suplus in June; thanks to tariffs.
2) According to the 2024 Federal Budget we are 86 billion dollars over budget on just mandatory spending without the defense budget.
3) I blame the jobs numbers squarely where they should be put, Jerome Powell. He should have lowered rates months ago. Just look at the two year treasury rate gap between the Fed Funds rate, it is historic; Betting on a jumbo cut soon.
4) The rest of the world has been lowering rates while we talk about inflation, while the rest of the world is most likely in deflation and it is finally reaching here.
5) Tariffs are a one time hit to prices and are actually deflationary, not inflationary.
6) Since when has anyone believed the first set of BLS numbers. I actually bet the jobs numbers will be revised negative for July.
7) During the Biden administation there were NO new jobs created for domestic born workers. Trump has actually started increasing that number. – Dont get me started with government jobs vs. private sector jobs.
8) Tariffs are a regressive tax and paid by the largest consumers and corporation because the purchasing power of most lower income Americans has not increased and any price increases are meet with lower sales volume.
The FED is to blame. Lowering rates could have given a little wage inflation that would be good so workers can pay on their debts and keep deflation from turning the next downturn into a deflationary depression. FED always late and “never to blame”.
The Biden administration did not change the definition of a recession.
AI Overview
During the period of January 2021 to June 2024, the United States saw a significant increase in employment. Of the 13.4 million total jobs added, U.S.-born workers accounted for 7.9 million, while foreign-born workers accounted for 5.5 million.
Was that the… Rehiring…. of people who lost their job during Covid?
Or to rephrase: “Was that the… Rehiring…. of people who lost their job during the first Trump administration?”
OH HELL YES THEY DID!!!
Prior to the Pandemic, this page listed 5 specific criteria that had to be met for a recession to be called by the NBER, including the traditional 2 quarters.
Here’s what it says now:
“The NBER’s definition emphasizes that a recession involves a significant decline in economic activity that is spread across the economy and lasts more than a few months. In our interpretation of this definition, we treat the three criteria — depth, diffusion, and duration — as somewhat interchangeable.”
Business Cycle Dating | NBER
The fed is not to blame. Years of a non balanced budget by congress should get the blame. .
The budget surplus maybe true. That just means the gov is making money by taxing the people.
The Fed enables the Federal govt’s profligate deficit spending by printing up the money and buying the debt. If they did not (and they should not) interest rates would go up and choke the corrupt spending. Bond vigilantes would enforce a bit of accountability on the Uniparty spenders.
They are both to blame. The Fed is a Swamp creature and will always debase the currency when the ruling class–that’s not Trump– wants it.
Trump not ruling class – that’s hilarious. We have a whole political system that turns around one person’s personal whims and that person at the heart of it, making everyone go along with whatever shit hé made up that morning, would not be ‘ruling class’? Please, there’s noone “rulinger class” than trump!
We voted for the peace candidate, who won, and we got more war. We voted for the candidate who said all the records would be released, and they are not. It smells like a situation where the Praetorian Guard told Trump “you don’t mess with the stuff we care about and we’ll let you live and have an honest election.
None of the Ph.Ds. at the FED know a debit from a credit. All bank-held savings originate within the system, not outside it. DDs are just shifted to TDs. The banks pay for the deposits that they already own.
LOL. Bankrupt-u-Bernanke ran out of treasuries to sell during the 4th qtr. of 2008.
As I said in response to Powell removing legal reserves: “The FED will obviously, sometime in the future, lose control of the money stock.” May 8, 2020. 10:38 AMLink
You blame Powell. Who made Powell the Fed Chair? Trump. You should be blaming Trump for appointing him.
Regarding jobs, Trump was the only president in history to have fewer jobs at the end of his term than what he started with.
Meanwhile Biden had the best job creation since Roosevelt.
Next you will be telling us that Trump’s name was planted in the Epstein files. Lol!
Time to pull your head out of Trump’s ass and look at reality.
And how many of those other 44 or so presidents had a global pandemic to deal with?
Maybe Woodrow Wilson during the 1918-1920 Spanish Flu? Certainly, FDR during the great depression would be a contender.
And the sluggish economic recovery was absolutely the fault of all the liberal governors & mayors who shut down their states WAY too long. And I love it when people conveniently ignore that something like 14M jobs were lost due to the pandemic. Next, you’ll try to dupe us into thinking that $11T in deficit spending had nothing to do with massive rehires. Oh, and let’s not forget the near ZIRP policy that was squarely at Powell’s feet that started the biggest housing bubbles of all time that played a huge roll in job gains. And the icing on the cake is . . . drum roll please . . . HOW MANY OF THOSE JOBS WENT TO ILLEGALS? Under Trump’s watch the jobs going to illegals are falling.
Trump has every right to blame Powell for being late. That’s a fact that you nor anyone can ignore. His transitory mistake was an epic failure, possibly the biggest FFR mistake of the last 50 years.
Lol! Trump said he had the best economy in history in his first term! Are you saying he lied?
https://www.wsj.com/livecoverage/rnc-trump-speech-biden-election-2024/card/trump-says-his-economy-was-best-ever-was-it–YesP30Ro3v4uSEQzFw71
I don’t care what Trump SAYS.
I care about what he DOES.
My response what primarily directed at your INTENTIONALLY misleading point about Trump’s first term.
Thanks for the continued misdirection.
“ I don’t care what Trump SAYS.”
Hahahaha!
But you cared about the nonsense he “says” in the video Mish referred to. And now you are twisting yourself into a pretzel to try and defend it.
Lol! Too funny!
nobody changed the definition of recession.
Oh yes they did. Go find for us on the NBER website where they list what used to be their 5 criteria. If it’s there, then it’s being hidden, because it’s sure as heck is on this page where it should be if they are all still used.
Business Cycle Dating | NBER
I stand corrected – Biden administration did not change the NBER (a priviate nonprofit) definition of recession. I think it is more sinister, they try to get you to lie to yourself and question the unmidigated truth that two quarters of GDP is a recession. The NBER did not say recession but a period of economic stagnation. If it walks like a duck, it talks like a duck, it is not a fox.
This revelation that we were not in a recession with two quarters of negatvie GDP is like them telling you that there are 80 genders when every five year old knows there are two. Furthermore, I trust the NBER as much as the BLS and FED with interpeting ecomonic data. My point is still the FED was wrong on inflation and late and is wrong now. Trump will not take the blame nor will any other administation but NEITHER does the FED. I am always amazed that democratic are for raising taxes (” on the rich”) but not if Trump does it.
Rate cuts now are to bail out Trump’s policies. But they will inflict stagflation on top of the business slowdown. Re-shoring and foreign direct investment benefits goal posts are sliding off into the future (somewhat like Biden’s infrastructure and sustainable stuff did: at least out of voters’ attention and patience spans). “Day One” has turned into Someday Land. Countries are making this FDI “commitment” calculating Trump will be gone. And “Cubs cheerleaders” like this one will be silent, just as they were when W Bush’s stuff caved.
Meanwhile whatever arrangements we had will be trashed. Alternative trade and currency setups globally will finally start to light up.
sure, tariffs will help with the budget. because it’s a TAX.
The chart says “stable genius”.
Like a horses ass.
So tariffs are paid by importer who passes it on, which could eventually be paid by the end consumer.
Move on. I was mesmerized by the yellow neck tie to notice the chart.
Monthly Estimates of Net Change in Real Median Household Income
(Trump Second Term)
Purports to show Real Median Household Income adjusted for inflation to reflect purchasing power in constant dollars The “median” is the middle value when all household incomes are ranked, meaning half earn more and half earn less.
Trumps chart shows March 2025 Real Median Household Income
at $0 baseline
but going to $ 1,374 as of June 2025 = in 4 months
It simply appears ficticious and a lie – just a made up chart with no basis no facts no proof
P.S. likely a bunch of Jibberish based on projections created on the alleged tax cuts and ‘ no tax on tips in the Big Beautiful Bill
The Big Beautiful Bill is also known as the BBB
The BBB being the US projected Credit Rating
Total US debt has officially crossed above $37 trillion for the first time in history.
This puts total US debt up +$780 billion since the debt ceiling was raised following the signing of the “One Big Beautiful Bill Act” into law on July 4th.
We are spending nearly $3 billion on interest PER day.
It actually says “Medium” income, lmao. Not a typo, just too ignorant to know any better.
The latest household income data is 2023
https://fred.stlouisfed.org/series/MEHOINUSA672N
Mish, regarding your question about Trump, as is often the case two things can be true at the same time.
He could also turn the chart upside down and say he has lowered pharmaceutical prices by 1500%.
People can critique all they want but this is an amazing chart! You can re-use it over and over for what you want and turn it upside down or sideways to always be useful. This chart represents the efficiency that DOGE has created.
That chart is all you need to convince idiot MAGA cuz that’s how simple folk like it. It’ll get reposted, retweeted, and Truth Socialed to death over the next few days until the Epstein thing flares up again.