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It’s the Economy, Viktor

Apr 12, 2026Center Right

Hungary’s prime minister could lose his election bet on ‘unorthodox economics.’

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James Carville breaks with famous ‘It’s the economy, stupid’ slogan because of Trump

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4 hours ago

James Carville breaks with famous ‘It’s the economy, stupid’ slogan because of Trump

James Carville says his famous 1992 catchphrase "It's the economy, stupid" now haunts him because of what he calls Trump's corruption today.

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Economist flags troubling signs in Trump's economy: 'Shouldn't be so excited'

Raw Story

Yesterday

Economist flags troubling signs in Trump's economy: 'Shouldn't be so excited'

A prominent economist on Thursday warned that President Donald Trump's economy has raised some concerns.Justin Wolfers, an economics and public policy professor at the University of Michigan, responded to a new report from the Department of Labor, which indicated the United States has added fewer jobs in June — just 57,000 jobs that month."Each month we just learn a little bit more about the economy," Wolfers said. "We've seen a few really, really good months, and it was a 'yabba dabba doo' moment. I was very excited. And what we see here is maybe we shouldn't be so excited. This is an economy that is not as hot as we might have thought a month ago. It's also not an economy that's sinking by any means — it's treading water; it's doing OK. Let's cross our fingers and try not to do anything wrong, and hopefully we'll keep it."For instance, Wolfers noted that the latest data showed there has been a decline in leisure and hospitality hiring at a time when several U.S. cities are hosting the World Cup, which he described as a "double whammy" for the economy. He also argued that every industry outside of healthcare showed signs of shrinking.

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America’s birthday is opportunity to celebrate free market economy

BizPac Review

Yesterday

America’s birthday is opportunity to celebrate free market economy

June’s jobs report is a one-off following several months of very strong jobs days, and it doesn’t reflect the state of the underlying economy. Only 57,000 jobs were created […]

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'Volatile situation': Experts react as anemic job numbers pour in for Trump economy

Raw Story

Yesterday

'Volatile situation': Experts react as anemic job numbers pour in for Trump economy

If President Donald Trump was hoping for a good jobs report to boost his party's spirits, he didn't get it.As the latest survey results came in, economic reporters and other observers were quick to note that, while not every figure in the report was bad, it was well below what Wall Street had been hoping for."A disappointing jobs report," wrote Navy Federal Credit Union chief economist Heather Long on X. "The US economy added 57,000 jobs in June (below expectations of 115k). Hospitality jobs decline by -61k. Plus, April and May were revised lower by -74,000. The unemployment rate fell to 4.2% --> the lowest in a year, but mainly due to a big drop in people job hunting." Also rough, she noted, is that "Wages aren’t keeping up with inflation," only rising 3.5 percent vs 4 percent price increases.As the far-right financial site Zero Hedge put more bluntly, "The jobs print was below all but one forecasts."Wall Street Journal chief economic correspondent Nick Timiraos wrote, "The U.S. economy added 57,000 jobs in June and revisions subtracted a combined 74,000 jobs from the previously reported figures for May and April. The unemployment rate edged down to 4.2%. Leisure and hospitality employment declined by 61,000 in June."Industry analyst account The Kobeissi Letter noted that "The unemployment rate fell to 4.2%, below expectations of 4.3%," but that "May's jobs number was also revised down by -43,000 jobs. The labor market remains in a volatile situation."

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Top WH economic advisor touts great signs for the economy, June jobs report supports

BizPac Review

Yesterday

Top WH economic advisor touts great signs for the economy, June jobs report supports

A top Trump administration economic advisor is touting great signs for the economy. White House National Economic Council Director Kevin Hassett said that there’s a “construction boom” […]

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The USMNT’s quest for World Cup glory is currency in the attention economy

US news | The Guardian

Yesterday

The USMNT’s quest for World Cup glory is currency in the attention economy

In Wednesday’s last-32 match, the US team have more than just a chance to win against Bosnia and Herzegovina. They’re playing to win over their countryIt took Mauricio Pochettino a little while to understand that he had accepted an innately vibes-based job.If club soccer boils down to managers exerting control and fitting their players into an intricate system, buttressed by cutting-edge tactics, ultra-modern analytics and first-in-class sports science, international soccer demands a different job entirely. And it tends to take long-time club coaches who are managing in the international game for the first time a bit to catch on to the difference. Continue reading...

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Trump's Supreme Court wins hit one wall: the economy

Axios

3 days ago

Trump's Supreme Court wins hit one wall: the economy

The Supreme Court this term gave President Trump powers over the federal government that no modern president has held. But it blocked his administration on two of the biggest issues for markets: the Fed and tariffs.Why it matters: Its rulings hand the president firmer command of the federal bureaucracy, signaling to businesses that regulatory policy will be less stable — and more political — with every election.But the cases preserve limits around the Fed and emergency tariff powers, where investors feared political interference could unsettle markets.Between the lines: Case by case, the court gave Trump a freer hand to fire, deport and act before judges could catch up.The court gave his administration major immigration wins, including on asylum access and immigrants' temporary protected status.It repeatedly sided with Trump on emergency appeals, letting contested policies take effect while litigation continued.It also let him fire Federal Trade Commission officials at will, weakening the ability of Congress to create independent agencies outside direct White House control.Yes, but: The court gave Trump more control over business regulations, but not over the authorities governing tariffs or the Federal Reserve.Tariffs: It ruled he couldn't use the International Emergency Economic Powers Act (IEEPA) to impose sweeping tariffs — eliminating one of his fastest and broadest trade tools.The Fed: It denied his bid to immediately fire Federal Reserve governor Lisa Cook, upholding Congress' requirement that he clear legal and procedural hurdles.Reality check: The rulings haven't ended either battle.The White House has continued to pursue tariffs through other legal authorities after losing on IEEPA.Trump has said his administration will keep investigating whether it can ultimately remove Cook.The intrigue: The court carved out the Fed from the broader expansion of presidential removal power it announced the same day.It means future presidents can more quickly replace leaders at agencies overseeing antitrust, consumer protection and other major areas of economic regulation.That makes the agencies inherently more political and gives Trump and his successors more power to quickly rewrite regulations and abandon their predecessors' policy agendas.What they're saying: "Now when a new president comes in, they can clean house at all these agencies," says Graham Steele, a former Biden-era Treasury administration official."You have a regulatory pendulum that goes back and forth, depending upon whether you have a Republican or Democratic president," creating more uncertainty for businesses, Steele says.The big picture: Investors worried that giving Trump broader authority to remove Fed officials could erode the central bank's independence and its resolve to keep inflation in check when that inevitably clashes with White House priorities.That, in turn, risked unsettling the Treasury market and raising borrowing costs across the economy.Chief Justice John Roberts justified the Fed exception by warning that the Founders understood the "calamities" that could arise from even the "suspicion" of political manipulation of monetary policy.What to watch: The tariff case carried a different risk: blessing broad emergency tariff powers could make U.S. trade policy swing with the politics of the moment — the kind of uncertainty businesses and investors hate.

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It’s the Economy, Viktor

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It’s the Economy, Viktor

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James Carville breaks with famous ‘It’s the economy, stupid’ slogan because of Trump

Economist flags troubling signs in Trump's economy: 'Shouldn't be so excited'

America’s birthday is opportunity to celebrate free market economy

'Volatile situation': Experts react as anemic job numbers pour in for Trump economy

Top WH economic advisor touts great signs for the economy, June jobs report supports

The USMNT’s quest for World Cup glory is currency in the attention economy

Trump's Supreme Court wins hit one wall: the economy