Jay Weber Show transcript 8-4-25
I love that President Trump finally fired the hag in charge of the Department of Labor- whose team has been putting out wildly incorrect and partisan jobs numbers for years.
Anyone who has listened to this show for any length of time knows what ‘deep staters’ at the labor department have been doing with these numbers for decades.
This goes back to at least the Clinton era-but really became blatant during the Obama era. Remember-he inherited a recession and then created policies that drew out that recession for so long that it is now literally referred to as ‘the great recession’.
It was during the Obama era that I first started to notice the pattern of putting out ‘better than expected’ jobs figures for a democrat president...and then going back and quietly revising them downward a month or two later.
That pattern-when a democrat is in office- was never reversed: Obama and Biden’s labor departments were never going back and revising hiring in the past months ‘upward’.
There was never a ‘see saw’ sort of effect that would seem more natural for a department that is surveying businesses and then using a formula to extrapolate the numbers.
Gee- you’d think that- some months they’d estimate ‘more jobs’ were created and other months ‘under-estimate’.
But never when a democrat is in office. Not in this modern era. And during Biden’s regime this got-blatant. Really blatant.
And guess what? That’s when this chick who trump just fired took over: during the Biden era.
We talked about it as the numbers came out: this woman and her team- Erica Mac-En-Tar-Fur.... would always ‘shock us’ with good jobs numbers even though inflation was crazy and layoffs were up and other economic indicators were ugly....
Oops! The economy is still adding more jobs than expected! This is a great Biden economy!
They’d also hide the fact that Biden’s economy was only creating low paying jobs going to illegals...and government jobs...which are a drain on the economy and not a positive.
But- we- in this audience, have known this was going on for years.
Well, Thursday this Mac-En-Tar-Fur put out ludicrously terrible numbers for July...and crushed down the previous numbers for June and May.
Again. Come on: she claimed only 73-thousand jobs were created in July...and revised may and June’s downward by a shocking. Genuinely shocking: 258 thousand jobs.
That’s a heck of a ‘downward revision’. Trump had seen enough...and fired her.
Good.
And of course, the normal suspects and talking heads in Washington DC and New York insisted this was terrible. And that’s a non-partisan agency. And trump’s ‘injecting politics into a govt agency...etc.
Bull plop. The democrats did that long ago, in the Biden and Clinton eras. As trump reminded people-we were talking about this woman’s rigged numbers back in September.
Trump said enough is enough
Most republicans in DC cheered this move-because they know how rigged this has been.
Moreover-Get this- and this is why democrats are on the ‘losing end’ of this jobs report either way-
Moreover: if the July labor report is rigged-then Trump’s economy is doing even better than expected-
And- if the report -isn’t rigged- then it proves trump is right and Jerome Powell and the fed are choking off hiring by refusing to lower interest rates- and Trump wins again.
Understand?
The two options here for ‘what’s going on’? Or ‘how do we explain this’...are: rigged data.... or trump is being proven right that interest rates need to be lowered.
So... pick your poison, democrats.
And I’ll go through both options: if this data isn’t rigged and the country -did- only add 73-thousand jobs in July...well then it points to a few things: first- the crackdown on illegal means fewer jobs were added by u-s businesses only looking for cheap labor.
Second: the report shows that -no- government jobs were added in July... When one-of-every-four jobs created under Biden was a government job...
And so.... Let’s celebrate this: all the 73 thousand created were in the private sector and the country’s taxpayers weren’t burdened by a single additional govt job.
Fantastic. That would speak of Trump’s downsizing and hiring freeze.Glory be.
And the third thing this report means if it’s real: trump is right about Jerome Powell-and that clowns got to go.
If July’s labor report is right- then Jerome Powell and the fed are to blame and they -by God- must start lowering interest rates.
Even the editors of the Wall St Journal had to acknowledge this- and they naively took this July jobs report at face value.
The ‘Wall St Journal editors’, not wanting to admit that trump’s policies aren’t to blame for a labor slow down.... unless it’s deporting illegals that ‘some number’ of u-s business owners wanted to hire for the cheap labor...but can’t now.
And if that’s the case- how upset can we be about that?
Finally, following the law on hiring and legal residents is causing a few of our economic reports to look bad.
Americans should have no problem with that.
Meanwhile- whether Biden’s ‘labor hack’ intended it or not-she’s put an even bigger target on Jerome Powell’s back- as a fed chair who’s screw ups are becoming increasingly obvious.
But- there could not be a starker choice here-for Powell and the fed governors: trump wants interest rates to be slashed by three percentage points and thinks they should be down around 4 percent.
Well, the fed will never do that in one fell swoop...but so far...they’ve refused to even do one. One. Small ‘quarter point’s cut.
Really?
Trump is right that rate cuts will lead to both stronger economic growth and lower costs for home and car buyers- but it will also save u-s taxpayers hundreds of billions of dollars of debt-service on the national debt.
photo credit: Getty Images
audio version of the segment here > Trump cleans up the Labor Department