The MeidasTouch Podcast

Panicked Trump Holds Disaster Presser on Jobs

8 snips
Aug 2, 2025
A chaotic press conference showcases Donald Trump dismissing a disappointing jobs report as 'phony' and firing the Bureau of Labor Statistics Commissioner. The discussion critiques the integrity of economic data amid political upheaval and examines the implications of foreign funding in government projects. Navigating through economic turmoil, the commentary highlights the contentious relationship between data accuracy and public trust. Controversial associations and Trump's ambitious plans add to the unraveling narrative of governance.
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INSIGHT

Trump Calls Jobs Report Phony

  • Donald Trump fired the Bureau of Labor Statistics Commissioner for reporting a bad jobs number he called "phony."
  • The recent jobs report was the worst in over a decade with severe downward revisions since 1979.
INSIGHT

Trump Undermines Data Trust

  • Trump admitted no one should trust future job numbers due to political manipulation claims.
  • He blamed favorable pre-election job numbers for Democrats, saying the corrections after the election were massive.
INSIGHT

Firing BLS Commissioner Equals Fed Chair

  • Trump sees firing the BLS commissioner as equivalent to firing the Fed Chair due to the importance of data oversight.
  • He falsely ties firing her to a supposed $800,000-$900,000 adjustment that he claims is unfair.
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