MAGA Economics Is Losing

“When you look at the sectors of the economy that were supposed to benefit from Trump’s economic policies, however, the news gets significantly worse. The manufacturing sector lost 12,000 jobs during the month of August and 78,000 over the past year, according to the data released Thursday by the Department of Labor.

Over the past three months, during which Trump’s tariffs have been in full swing, the manufacturing sector is down 31,000 jobs. Other blue-collar sectors like construction and mining are down over that same period.

All three sectors figure to have been negatively affected by Trump’s tariffs, which (contrary to the administration’s claims) have hit American businesses with huge new taxes on parts, raw materials, equipment, and more. Like with any big tax increase, one way businesses can offset those costs is by hiring fewer people or postponing new investments and expansion. That’s exactly what manufacturing firms say they have been doing.”

https://reason.com/2025/09/05/maga-economics-is-losing/

Ugly August Jobs Report Rattles Wall Street | Prof G Markets

Trump has 33 tech leaders over, and they all suck his dick like he’s a vain dictator.

What’s the point to gaining that much power and wealth if they are just going to bend over for a vain, capricious, and rule-breaking ruler?

Jobs numbers aren’t good, indicating a weak economy. Especially young people are having trouble getting jobs, indicating companies aren’t ready to expand with inexperienced people given the economic and political uncertainty. Of course, the economic uncertainty is mostly driven by bad White House policy.

Manufacturing jobs are down. Manufacturing business leaders say tariffs are the cause of less manufacturing jobs. They can’t plan with the tariff created uncertainty. Trump’s tariffs are weakening manufacturing, not strengthening it.

Most job growth was in education, healthcare, and government, meaning sectors that often don’t reflect economic growth.

https://www.youtube.com/watch?v=HL3p1e8a8so

$500 Million To Paint the Border Wall? 5 of Trump’s Strangest, Most Expensive Vanity Projects

“The takeover has allowed Trump to flex his muscles, but it’s coming at a steep cost to American taxpayers. The Intercept reports that the use of military forces in Washington, D.C., could cost $1 million per day. With more National Guard members flooding into the capital, the campaign could end up costing hundreds of millions of dollars, according to The Intercept.

“Trump hosted a “big, beautiful” military parade to celebrate the 250th anniversary of the Army. The event, which happened to coincide with the president’s 79th birthday, included a barrage of tanks, jet flyovers, and soldiers walking through the nation’s capital, and ended up costing American taxpayers $25 million to $45 million. That’s “$277,778–$500,000 per minute,” Reason’s Billy Binion reported.

Trump has also displayed America’s military power at his Independence Day celebrations, including the 2019 “Salute to America,” which ran up a tab of more than $13 million, and the 2020 events in D.C. and Mount Rushmore that cost close to $15 million. Next year’s Independence Day, which will be America’s 250th birthday, is expected to be even bigger. The One Big Beautiful Bill Act (OBBBA) appropriated $150 million to the Interior Department for “events, celebrations, and activities surrounding the observance and commemoration of the 250th anniversary of the founding of the United States.”

The OBBBA also allocated nearly $30 billion to Immigration and Customs Enforcement (ICE) for detention facility maintenance, transportation costs, and recruitment efforts at the agency. ICE appears to be sparing no expense.

In addition to offering starting salaries of nearly $90,000 and signing bonuses up to $50,000, ICE has also wasted taxpayer money on marketing gimmicks and vehicle upgrades. Recently, the agency spent “$2.4 million for Chevrolet Tahoes, Ford Expeditions, and other vehicles, as well as custom graphic wraps,” writes Reason’s Autumn Billings. These gold-detailed wraps include the words DEFEND THE HOMELAND, INTEGRITY, COURAGE, and ENDURANCE.

This vehicle spending is on top of the $700,000 that ICE spent on two gold-wrapped trucks, which the Department of Homeland Security (DHS) used in a (cringe) recruitment campaign on X.

On Tuesday, DHS Secretary Kristi Noem announced that the entire U.S.-Mexico border wall will be painted black. “That is specifically at the request of the president, who understands that in the hot temperatures down here when something is painted black it gets even warmer and it will make it even harder for people to climb,” said Noem.

During his first stint in the White House, Trump proposed an identical plan. The Washington Post reviewed a copy of federal painting estimates at the time, which showed “costs ranging from $500 million for two coats of acrylic paint to more than $3 billion for a premium ‘powder coating’ on the structure’s 30-foot steel bollards.”

More than five years later, the cost to paint the border wall is sure to be higher.

In 2018, Trump signed a $3.9 billion agreement with Boeing that would see the airplane manufacturer deliver two new jets to the Air Force One fleet by 2022. The planes are now expected to be delivered by 2027, years behind schedule and billions of dollars over budget.

Under the terms of the contract, the cost overruns will be paid for by Boeing. Despite these delays, Trump may soon be flying in a luxury jetliner that was gifted to him by the Qatari government. While the president has called this new Air Force One “free,” renovating the plane will cost Americans millions of dollars. As The New York Times reports, the Pentagon recently transferred $934 million from a nuclear missile project account to a classified project, which “congressional budget sleuths have come to think…almost certainly” includes the renovation of this new jet.

In January, Trump revived an executive order that he signed in his first administration to establish a National Garden of American Heroes. The garden, which is expected to open next year on America’s 250th birthday, will include 250 life-sized statues of American heroes.

But the $34 million project has run into a basic, but serious, issue: America doesn’t have enough quality sculptors to complete the garden by next July or a designated location to put it. Daniel Kunitz, editor of Sculpture magazine, told Politico that the idea “seems completely unworkable.””

https://reason.com/2025/08/22/500-million-to-paint-the-border-wall-5-of-trumps-strangest-most-expensive-vanity-projects/

Great Moments in Unintended Consequences: Obscenity Blocks, Cooking Oil, and D.C.’s Tipped Minimum Wage (Vol. 19)

“The Problem: The base pay for tipped workers in Washington, D.C., is a fraction of the minimum wage, making their income heavily reliant on unpredictable gratuities.

The Solution: Initiative 82, which phases in a higher base wage for tipped workers until it meets D.C.’s full minimum wage in 2027 ($17.95).

Sounds like a great idea, with the best of intentions. What could possibly go wrong?

Turns out, money has to come from somewhere. New labor costs led many restaurants to raise prices, drop staff, cut hours, or close up shop entirely. Many establishments began charging “Initiative 82 fees,” which customers found difficult to swallow, especially when Maryland and Virginia are just minutes away. According to the U.S. Census Bureau, the average tipped wage worker in D.C. saw their income drop by over $1,800 in the two years since the initiative went into effect.”

https://reason.com/video/2025/08/29/great-moments-in-unintended-consequences-obscenity-blocks-cooking-oil-and-d-c-s-tipped-minimum-wage-vol-19/

Denver’s restaurants are dying

“Denver’s high minimum wage, especially its low tip credit, has unintentionally undermined the financial viability of full-service, labor-intensive restaurants. As costs outpace revenue and margins evaporate, once-thriving independent establishments are closing in droves, eroding the city’s cultural fabric and economic diversity.

Restaurant operators and advocacy groups agree that Covid sparked the decline, but rising costs since have continued to cripple the industry. Property taxes, utilities, insurance, food and drink prices, rent, and one of the highest minimum wages in the country — higher than in Los Angeles or New York — are straining already razor-thin margins.

The city’s low tip credit, which results in a high minimum wage for tipped workers, is a particular pain point.

Denver City Council unanimously passed a minimum wage increase in November 2019 — just four months before the pandemic hit — and it was fully implemented citywide by 2022. Today, the base minimum wage is $18.81 an hour and the tipped wage is $15.79 — increases of about 70 percent and 95 percent, respectively.

Per 2019 legislation, wage increases are uncapped and rise annually with the Consumer Price Index. In 2026, the base wage will be $19.29. For operators like Ms. Tronco and Mr. Seidel, who said that labor now consumes more than half his revenue, the math no longer works.

“When you force an operator to give raises every January 1 to the group of people who’s already making the most money, it chokes our ability to give a salaried person or an hourly cook a raise,”

To keep her business alive, Ms. Tronco has cut the hosts and bussers she hired when opening and reduced weeknight server shifts. She raises her menu prices every six months to keep up with costs. Her numbers have taken a hit: Sales are down an average of 10 percent this year.

“It just feels like whack-a-mole,” Ms. Tronco said. “Inflation has affected everyone … Now we’ve got a tariff situation and all my wine importers are telling me that everything is going to go up $3, $4 a bottle.”

Mr. Padró said the small tip credit is the industry’s biggest burden. He supports a higher base wage, even up to $25, because most of his employees already earn above that. He said that his servers and bartenders average $38 and $44, respectively. Expanding the tip credit would alleviate some of the burden faced by operators.

“I have 17-year-old kids pouring coffee for their teachers, making more than them,” he said.”

https://www.slowboring.com/p/denver-piece

MAHA Is a Bad Answer to a Good Question | The Ezra Klein Show

The clearest success that worked against Covid was the vaccines, and it is the main thing Trump, RFK, MAGA, and MAHA are attacking. These substantial attacks will result in deaths.

https://www.youtube.com/watch?v=VCaD4vh4XhI

Trump’s Plans for Intel Take a Page From Bernie Sanders’ Playbook

“The Trump administration is seeking a 10 percent stake in Intel, Bloomberg reported this week, which would involve converting some or all of the company’s CHIPS Act grants into equity in the company. The exact terms of the deal remain unclear”

https://reason.com/2025/08/19/trumps-plans-for-intel-take-a-page-from-bernie-sanders-playbook/

Tariff Rebate Checks Are a Bad, Inflationary Idea

“President Donald Trump and his allies have spent months promising that higher tariffs will usher in a “golden age” of wealth and prosperity for America.

Now, the administration and one of its biggest allies in Congress are pushing for a new round of stimulus checks seemingly aimed at easing the economic pain caused by…yes, those same tariff policies.

The proposal to send out tariff-funded stimulus checks should at least put an end to two of the more nonsensical claims that the president and his pro-tariff allies have been making. First, this should confirm that Americans—not foreign governments or corporations—are footing the bill for the tariffs.

Second, the idea that tariffs can be used to close the budget deficit should be similarly put to bed. Some estimates suggest that tariffs are likely to widen the deficit (even without any stimulus checks being mailed out), as they will slow economic growth and reduce future tax revenue. Even if you ignore those dynamic projections, there’s a big problem: The $150 billion in tariff revenue collected so far this year can’t be used to pay down the budget deficit if it is first going to be redistributed to Americans in the form of rebate checks.

If Trump and Hawley want to spare Americans the pain caused by tariffs, there is a much simpler solution here: Get rid of the tariffs.”

https://reason.com/2025/08/11/tariff-rebate-checks-are-a-bad-inflationary-idea/