They Been Lying All Along about the Economy

Economy never recovered from covid … neo-liberals used dollar printing, free credit, fake programming and bloated government budgets to prop-up the failed social justice economy.

Dems were caught lying about jobs and manipulating statics for election purposes.

Listen to global ecomomist, they all say the US will come out of this better than ever like we did in the 1950s after the Great Depression WW2.

We are taking back the wealth from China and other countries that have been shipping garbage products into our country.

We dont need any of their products its all junk crap and now they are stuck with over capacity ibncluding automobiles.

Go to Walmart or Menards and see, what do you actually need in those stores … Nothing … the Correction is Here … HiHo

No more cheap skirts: Trump ends tax exemption for low-value Chinese imports
by Anne D’Innocenzio and Didi Tang, AP
Posted: Apr 3, 2025 / 03:32 PM MDT
Updated: Apr 3, 2025 / 03:32 PM MDT
https://krqe.com/news/national/ap-no-more-cheap-skirts-trump-ends-tax-exemption-for-low-value-chinese-imports/

We need to Change how trade works around the world … Howard Lutnick, Bloomberg Daybreak Europe, April 3, 2025

Again, we are on the road that we were on in the 1930s when the United States Congress passed what is referred to as the Smooth Holly Tariff Act (Jennifer Hillman, 1025pm, April 2, 2025, Insight with Haslinda Amin)
https://x.com/SubxNews/status/1907662552320061621/video/1

Most of America’s trading partners are not in great shape – Ewar Prasad, Bloomberg Insight with Haslinda Amin, 1025pm CST, 4/2/25
https://x.com/SubxNews/status/1907663140587729182

All Out Trade War and the US is Retreating into an Era of Protectionism and it will spread around the world Ewar Prasad, Bloomberg Insight with Haslinda Amin, 1025pm CST, 4/2/25
https://x.com/SubxNews/status/1907664787686719614

Opinion | ‘The Case for Tariffs’ Confuses U.S. History
The Smoot-Hawley Tariff collapsed global trade and helped transform the nascent recession into a decadelong global depression. WSJ. April 2, 2025 3:16 pm ET https://wsj.com/opinion/the-case-for-tariffs-confuses-u-s-history-smoot-hawley-depression-trump-64e73480

How Trump Could Make His Tariff Promises Happen—and the Potential Fallout That Awaits
Nov 26, 20245:45 AM By Keith Johnson

https://slate.com/news-and-politics/2024/11/trump-tariffs-china-how-would-they-work-what-does-it-mean.html

Chairman Arrington Statement on CBO Long-Term Budget Outlook June 28, 2024
https://budget.house.gov/press-release/fact-check-the-truth-about-bidens-failed-presidency

U.S. added fewer jobs in the past year than initially reported

August 21, 202412:31 PM ET

U.S employers added fewer jobs in the year ending in March than initially reported, according to new figures released by the Labor Department on Wednesday.

The news comes during an election season in which the strength of the economy is a key issue for voters.

The revised figures show total employment in March was 818,000 lower than had been reported, or 0.5% fewer jobs. That suggests employers added 2.1 million jobs during the previous 12 month, not 2.9 million as originally counted.

While the downward revision is not unusual, this year’s adjustment is larger than most.
https://bls.gov/web/empsit/cesprelbmk.htm

Foxx, Good Demand Answers After Biden-Harris’ Botched Job Numbers “On August 21, 2024, the [BLS] released revised job figures showing the 2024 Current Employment Statistics Preliminary Benchmark Revision (‘Job Numbers’) with a downward adjustment of 818,000 jobs, BLS’s largest revision of these job figures since 2009. The Committee on Education and the Workforce (Committee) is also concerned about reports that BLS botched its release of the Job Numbers to the public—likely giving an unfair advantage to several Wall Street firms. Accordingly, to ensure the integrity and transparency of the Job Numbers for the American public, the Committee is conducting oversight on this important matter.” September 25, 2024
https://edworkforce.house.gov/uploadedfiles/09.25.24_-_letter_to_dol_bls_data_release.pdf

The Tariff Act of 1930 (codified at 19 U.S.C. ch. 4), commonly known as the Smoot–Hawley Tariff or Hawley–Smoot Tariff, was a law that implemented protectionist trade policies in the United States. Sponsored by Senator Reed Smoot and Representative Willis C. Hawley, it was signed by President Herbert Hoover on June 17, 1930. The act raised U.S. tariffs on more than 20,000 imported goods. https://en.wikipedia.org/wiki/Smoot%E2%80%93Hawley_Tariff_Act#Exception_removed_in_2016

COVID-19 and the State Economy
California Center for Jobs and the Economy
September-Jobs-Report-2021
https://centerforjobs.org/wp-content/uploads/September-Jobs-Report-2021.pdf