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Politix

Falling Down On The Jobs

Politix

Politix

Politics, News Commentary, News

4.6 • 1.4K Ratings

🗓️ 6 August 2025

⏱️ 20 minutes

🧾️ Download transcript

Summary

This is a free preview of a paid episode. To hear more, visit www.politix.fm

This week, we’re reassessing both the resiliency of the economy, and the health of U.S. democracy.

Why? Because recent data suggests Donald Trump’s reactionary policy blitz (global tariffs, mass deportation) has caused the economy to seize up; and Trump has responded by trying to kill the messengers.

In this episode you’ll hear all about:

* What the recent jobs numbers actually say, and how do they gel with other recent data;

* Sydney Sweeney;

* Why data pointing to a slowdown, if not a contraction, fits the facts of Trump’s erratic agenda;

* The bull and the bear theories of the case: Could the economy somehow continue growing despite all this? Would Trump be freaking out like this if he thought the economy was firing on all cylinders?

Then, behind the paywall, is a recession the sort of thing Trump could even theoretically bullshit his way out of? Or would reality break through? What would a “recession coverup” attempt actually look like, given the complexity of the data? And what’s Trump likely to do if and when his excuses and lies stop selling?

All that, plus the full Politix archive are available to paid subscribers—just upgrade your subscription and pipe full episodes directly to your favorite podcast app via your own private feed.

Further reading:

* Brian on why Trump’s reaction to the jobs report is of a piece with broader signs that he and his administration are spiraling.

* Matt notes Argentina’s recent economic successes are attributable to Javier Milei’s decision to abandon an unworkable agenda.

* Dean Baker breaks down why the jobs news is so bad.

Transcript

Click on a timestamp to play from that location

0:00.0

The premise of all of this, ultimately, is that once we've rid the economy of foreigners,

0:05.0

people are going to be really excited to get new job opportunities, working in elder care

0:11.9

centers, picking vegetables, et cetera, and aren't going to mind the higher prices for all that

0:17.8

stuff, which is just completely at odds with like the whole basic premise,

0:23.0

you know, of like Trump running because people were frustrated by high prices.

0:26.6

Yeah.

0:31.5

Hey, everyone.

0:32.3

You're listening to a free preview of the politics podcast.

0:35.2

This week we're reassessing both the resiliency of the economy and the

0:39.4

health of U.S. democracy. A new government jobs report suggests that things are looking pretty

0:44.7

grim for workers, but Donald Trump's response was to fire the statistician who oversees the

0:50.6

Labor Department's Employment Data Analysis Unit. So we'll talk about what the report said,

0:58.0

how does it gel with related data, defiring, and Trump's false attempts to justify it,

1:05.7

and what it looks like when Trump is really for the first time unchecked, but has lost the public's trust on the

1:12.4

economy. If you want to hear the whole conversation, you can upgrade your subscription to paid

1:16.1

at politics.fm.

1:22.1

Hey, everyone. Welcome to the politics podcast. I'm Brian Boyler. I'm Matthew Glaziasius.

1:27.3

Should we do a whole hour on Sidney's

1:29.5

jeans? Her jeans are excellent. No, it's a Nazi. It's a dog whistle to Nazi. I feel, I 100%

1:38.9

believe that. Okay, I have like a mild. Oh, we're going to do it. I was going to like,

1:43.7

lay down a bet that like whoever can make a relevant tie-in to the American Eagle, Sydney, Sweeney, Gene Zad gets $5 from the other person.

1:51.2

I just want to observe.

...

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