Trumponomics Archives

Federal Deficit Topped $1 Trillion Last Month

March 13, 2025 Buck Banks

+$1 trillion

“The U.S. debt and deficit problem worsened during President Donald Trump’s first month in office, as the budget shortfall for February passed the $1 trillion mark even though the fiscal year is not yet at the halfway point,” CNBC reports.

U.S. Has Most Layoffs in a Month Since COVID Lockdown

March 7, 2025 Buck Banks

172,000

The U.S. had ~172,000 layoffs in February, up 245% from January and the most in a single month since the Covid pandemic in 2020, according to a report from Challenger, Gray & Christmas. That’s also the most job cuts in the month of February since 2009, during the financial crisis. More than a third of those layoffs (~62,000) came from the Department of Government Efficiency’s federal headcount reduction. But it wasn’t just federal workers who were laid off: Retail was also hit hard, losing nearly 40,000 roles. Per CNBC, the sector has lost six times more jobs so far this year than it did in the same period last year.

Large Majority of Trump Voters Oppose Medicaid Cuts

February 27, 2025 Buck Banks

71%

A new Hart Research poll found 71% of voters who backed Donald Trump said cutting Medicaid would be unacceptable. Voters overall were even more opposed to it, with 82% saying so.

Americans Think Trump Has Ignored Inflation

February 21, 2025 Buck Banks

62%

A new CNN poll shows 62% of Americans feel President Trump hasn’t done enough to tackle inflation.

— Paul Krugman

Weapon of Mass Inflation

December 1, 2024 Buck Banks

In Americatown Trump’s the new sheriff —
But his tactics we all should beware of.
For it’s our nation
That’ll be hit with inflation,
‘Cause the only weapon he wields is tariffs.

Trump Is NOT Going to Bring Down Grocery Prices

November 29, 2024 Buck Banks

“If you voted for Trump because you thought he was going to bring grocery prices down, I have some very bad news for you.”

— Catherine Rampell, on CNN.

Trumponomics Watch: Trump’s Policies Already Clouding Mortgage Rates

November 14, 2024November 14, 2024 Pensito Editors

“Donald Trump’s election win is clouding the outlook for mortgage rates even before he gets back to the White House,” the Associated Press reports. “The president-elect campaigned on a promise to make homeownership more affordable by lowering mortgage rates through policies aimed at knocking out inflation. But his proposed economic agenda could potentially set the stage for mortgage rates to move higher.”

Most Say They Are Better Off than Three Years Ago

February 13, 2020 Buck Banks

61%

Gallup: “Sixty-one percent of Americans say they are better off than they were three years ago, a higher percentage than in prior election years when an incumbent president was running. In the 1992, 1996 and 2004 election cycles, exactly half said they were better off. In three separate measures during the 2012 election cycle, an average of 45% said they were better off.”

Job Creation Cratered Under Trump

February 11, 2020February 11, 2020 Buck Banks

19%

Newly revised figures from Trump’s own Department of Labor show that 6.6 million new jobs were created in the first 36 months of Trump’s tenure, compared with 8.1 million in the final 36 months of Obama’s ? a decline of 19% under Trump, according to a HuffPost analysis.

+$1 trillion

“The U.S. debt and deficit problem worsened during President Donald Trump’s first month in office, as the budget shortfall for February passed the $1 trillion mark even though the fiscal year is not yet at the halfway point,” CNBC reports.

172,000

71%

A new Hart Research poll found 71% of voters who backed Donald Trump said cutting Medicaid would be unacceptable. Voters overall were even more opposed to it, with 82% saying so.

62%

A new CNN poll shows 62% of Americans feel President Trump hasn’t done enough to tackle inflation.

— Paul Krugman

“If you voted for Trump because you thought he was going to bring grocery prices down, I have some very bad news for you.”

— Catherine Rampell, on CNN.

61%

19%

Newly revised figures from Trump’s own Department of Labor show that 6.6 million new jobs were created in the first 36 months of Trump’s tenure, compared with 8.1 million in the final 36 months of Obama’s ? a decline of 19% under Trump, according to a HuffPost analysis.

Poetic Justice

Verbatim

— Don Moynihan

“Musk’s behavior is emblematic of tech’s most heinous figures, who now feel emboldened to enter the analog world with the same lack of care and arrogance with which they built their sloppy platforms.”

— Kara Swisher

“If they want to try to annihilate Ontario, I will do everything — including cut off their energy with a smile on my face. …They rely on our energy, they need to feel the pain. They want to come at us hard, we’re going to come back twice as hard.”

— “Speaking Monday at a mining convention in downtown Toronto, Ontario Premier Doug Ford doubled down on threats to cut electricity exports to U.S. border states if the tariffs go through,” the Toronto Sun reports.

“The White House has become an arm of the Kremlin. Every single day you hear from the National Security Advisor, from the President of the United States, from his entire national security team, Kremlin talking points.”

— Sen. Chris Murphy (D-CT), on CNN.

“America’s abrupt turn from moral beacon and defender of the free world is unsurprising, given the fundamental immorality of the Trump administration. If you have the morality of a gangster, you will behave like a gangster.”

— Noah Smith

Numerati

31

+$1 trillion

“The U.S. debt and deficit problem worsened during President Donald Trump’s first month in office, as the budget shortfall for February passed the $1 trillion mark even though the fiscal year is not yet at the halfway point,” CNBC reports.

172,000

240,000

-2.8%