Category Archives: economics

The Cowardly Broadcasting System

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I remember how proud I was the day I reported to work at WBBM-TV, the CBS owned and operated station in Chicago. It was in October 1974. I was to start my first “real,” that is, “post school,” job. My position was “Assistant Political Analyst.” That was a fancy title for an entry level job more commonly known in newsrooms as a “legman.” Legmen, and legwomen, assist senior reporters and columnists as needed. One of the station’s anchors also had the title of “Political Analyst” and I was to help him in everything from researching and producing his stories to doing his expense account and picking up his laundry.

But here I was at bottom of the ladder at the company where Walter Cronkite presided over the evening newscast. The same newscast I had been watching for most of my life. Yes, I felt proud.

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Trump’s Economy

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The charts above are certainly things Donald Trump did not want to see. Unemployment rate up. Total employment down. They come from the Bureau of Labor Statistics‘ report on employment in the United States for August. Just last month the July report, showing a slowing economy, led Trump to fire BLS Commissioner Erika McEntarfer. I wrote a few weeks ago that it was a case of shooting the messenger. Trump falsely claimed downward revisions in the August report were “rigged” to make Republicans look bad. BLS revisions are routine and based on updated employer data. It would be nearly impossible to “rig.”

Just 22,000 nonfarm payroll jobs were added in August. That was below expectations and continued the summer slowdown. The Unemployment Rate rose slightly to 4.3%, up from 4.2% in July. Long-Term Unemployment held steady at 1.93 million, now representing over 25% of all unemployed individuals.

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Trump’s Happy Labor Day

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As the nation celebrates Labor Day, Donald Trump is escalating his attack on the federal workforce by trying to strip union rights from more federal employees.

Trump signed an executive order targeting workers at key federal agencies like the National Weather Service and NASA, arguing for a “national security” exemption to circumvent collective bargaining rights. This is part of Trump’s broader strategy to diminish the power of labor unions, which have long been essential advocates for workers’ rights and protections.

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Kill the Messenger

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Every damn day. That’s what it seems like. Every damn day the man seventy-seven million Americans voted back into office does something more outrageous than the day before. It is exhausting.

Trump eviscerates environmental protections. He accuses former President Barack Obama of treason. He rips up labor agreements. He plans to privatize Social Security. He forces the Smithsonian to take down an exhibit that includes his two impeachments. The European Union, Japan, Columbia University, and CBS are all surrendering to him.

And now he fires the head of the Bureau of Labor Statistics because he doesn’t like the jobs numbers.

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249 Years In

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The date will be the most memorable epoch in the history of America. I am apt to believe that it will be celebrated by succeeding generations as the great anniversary festival. It ought to be commemorated as the day of deliverance, by solemn acts of devotion to God Almighty. It ought to be solemnized with pomp and parade, with shows, games, sports, guns, bells, bonfires, and illuminations, from one end of this continent to the other, from this time forward forever more.

John Adams, Letter to his Wife Abigail, July 3, 1776.

That guy could sure write, couldn’t he? John Adams was prescient. He accurately described the way we celebrate Independence Day. He did get the date wrong. He was certain July 2nd would be the date we celebrate. That was the day the Continental Congress passed Virginia’s resolution on independence. July 4th, the day we do celebrate, was the day Congress approved the text of the Declaration of Independence. The document, primarily written by Thomas Jefferson, spelled out the reasons for the thirteen colonies’ separation from England.

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President Musk II

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Elon Musk has been making the rounds of Washington, giving exit interviews as he steps back from his Trump ordained role of destroying as much of the federal government as possible in the shortest amount of time. No one, perhaps not even Elon, knows why he is leaving a role he so obviously relishes.

Who else would gleefully prance around a stage carrying a chainsaw and celebrating “feeding the United States Agency for International Development into the woodchipper?” That act alone left poor people around the world to starve while food already purchased by USAID from American famers rotted in warehouses. What kind of a monster does something like that and cheers about it?

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He don’t know

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On Meet the Press NBC’s Kristine Welker asked Donald Trump, “don’t you need to uphold the Constitution of the United States as president?”

“I don’t know,” Trump replied.

Excuse me while I reach for my bottle of Excedrin.

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