Blue Press Journal

Tag: trump

  • S&P 500 Plummets: Economic Woes Under Trump

    The S&P 500 took a nosedive of 2.7% this week, inching closer to being 9% below its recent all-time high. It’s like watching a rollercoaster, but with your retirement savings. At one point, the S&P 500 was down a whopping 3.6%, heading towards its worst day since 2022. Remember 2022? Ah, the good old days of high inflation and recession fears that never quite materialized.

    Trump, the man of promises. He pledged to fix the economy, lower inflation, and even promised cheaper eggs. Well, surprise, surprise – prices are up, and the only thing going down is the stock market. It’s like a magic trick, but instead of pulling a rabbit out of a hat, we’re pulling our hair out over the economy.

    The signs of economic weakness are as clear as day, with surveys showing increased pessimism and indicators suggesting the U.S. economy might be shrinking. But fear not, for Trump is here to reassure us with his vague statements about wealth and transition. It’s all a part of the grand plan, apparently. Just give it a little time, folks.

    And let’s not forget the companies feeling the pinch of our economic woes. Carnival and United Airlines are taking hits, as people tighten their purse strings and opt for staycations over cruises. Thanks, Trump, for making America’s economy great again.

    So, to all those who voted for Trump thinking he was the answer to our economic prayers – congratulations, you played yourself. Turns out, snake oil salesmen don’t make the best presidents.

  • A Penny wise and a Pound foolish … IRS Cuts

    The saying goes “a penny wise and a pound foolish.” Maybe immigrant Elon Musk isn’t familiar with this good old American saying, but he should be.

    DOGE’s cuts to the IRS threaten to cost more than DOGE will ever save. The Trump administration believes that slashing federal agencies will save money, but reducing the IRS means the government will collect fewer taxes.

    Unlike other federal agencies, cutting the IRS results in less money collected and fewer tax abuses uncovered. Economic studies have shown that for every dollar spent by the IRS, the agency returns between $5 and $12, depending on the taxpayer’s declared income. A 2024 report by the nonpartisan Government Accountability Office revealed that the IRS saved $13,000 for every additional hour spent auditing the tax returns of wealthy taxpayers – a return on investment that would make Wall Street hedge fund managers jealous, according to the Institute on Taxation and Economic Policy.

    The Trump administration’s strategy to shrink the government has been haphazard and widespread, aiming to remove civil servants quickly from as many agencies as possible while demoralizing those who remain. ProPublica discovered that the recent IRS layoffs included highly skilled probationary workers who had recently joined the government or moved from another agency.

    In late February, the Trump administration began firing over 6,000 IRS employees. The agency has been hit hard because it spent 2023 preparing to hire thousands of new enforcement and customer service personnel, only beginning to hire and train them on a large scale in 2024. “Large businesses and wealthy individuals, “like Trumps friends”, are where you find the most sophisticated taxpayers, tax preparers, and lawyers who push the boundaries as much as possible. Well we could guess he wants to protect them not the middle class.

  • Trump is leading the US Economy into Recession

    With his flurry of tariffs, government layoffs, and spending freezes, President Donald Trump seems to be stirring up more trouble for the U.S. economy than actually fixing it. The economic policy uncertainty index has shot up by a whopping 41% since January, reaching a level of 334.5 – a number that historically spells out recession. If the ongoing policy chaos and tariff battles continue, we could be looking at the first recession in five years.

    The recent stock market selloff has left many questioning whether Trump’s tariffs will deliver on their promise of creating new jobs. “Markets anticipate,” says John Silvia, CEO of Dynamic Economic Strategy. “The path of tariffs is leading us down a dark alley towards higher inflation, slower economic growth, and a weaker U.S. dollar. It’s like watching an economic horror movie in slow motion.”

    And the plot thickens – more tariffs are on the horizon for Europe on April 2, potentially sparking a trade war with a continent the U.S. once helped rebuild after World War II. South Korea, India, and Brazil could also find themselves in the crosshairs of new tariffs.

    Businesses are feeling the heat too, with increased economic uncertainty and worries about the impact of tariffs. The Fed’s New York branch reported that businesses are becoming less optimistic about the future.

    It’s becoming increasingly clear that Trump’s economic policies are steering us towards a downturn, and it seems like he may be doing more harm than good for the U.S. economy. 

  • Speaker Johnson’s hypocritical censure of Rep. Al Green

    Speaker Johnson’s hypocritical censure of Rep. Al Green has sparked outrage among those who value dissent as a crucial aspect of our democracy. Congressman Al Green is simply doing his job – representing the concerns of his constituents, fighting for the rights of the American people, and upholding our democratic system, regardless of the consequences. The faux outrage from Republicans is tiresome and transparent.

    Where was this decorum when Marjorie Taylor Greene repeatedly heckled President Biden during his State of the Union addresses? The lack of consequences for her actions is glaring. And what about Elon Musk’s blatant disregard for Congress, resulting in the firing of thousands of federal employees and the dismantling of programs that millions of Americans rely on? The hypocrisy is sickening.

    The contrast between the treatment of Rep. Al Green and Marjorie Taylor Greene is stark. Green, a vocal critic of the president was removed from the House floor for disrupting Trump’s address, while Greene faced no consequences for her repeated interruptions during President Biden’s speech. It’s a missed opportunity for the Democratic Party to show solidarity with Green.

    Green’s commitment to his principles is unwavering. He believes that Trump’s budget cuts to Medicaid are unacceptable and that the president lacks a mandate to make such drastic changes. His dedication to standing up for the most vulnerable in our society is commendable.

    The hypocrisy and double standards in Congress with the republic majority must be called out. 

  • Trump’s Golfing is a Taxpayer Burden

    While Elon Musk is busy cutting slashing jobs, Donald Trump is out on the golf course, spending taxpayer money like it’s going out of style. Trump’s golfing habit has cost American taxpayers over $18 million since he took office, and he shows no signs of slowing down. Today marks his 13th day on the golf course out of his first 48 days in office – priorities, right?

    Not only does Trump insist on playing golf at his Florida courses, but he also makes sure to arrive in style on Air Force One, with his motorcade vehicles being flown in on military transports. Because, you know, nothing says “fiscal responsibility” like a fleet of vehicles being airlifted for a golf outing.

    Meanwhile, as Musk is making “illegal” decisions and cutting jobs, many are veterans, Trump is living it up on the green. Priorities, people. Priorities.

  • Debunking Trump’s Claims on Transgender Mice

    During his address to Congress, Trump mistakenly confused transgenic mice with transgender mice, raising concerns about his understanding of what he is saying.  It appears that no one is fact-checking his statements, or perhaps Grampa Trump was simply confused or uninformed. This is particularly alarming considering he has control over the nuclear button!

    Transgenic mice, also known as genetically modified mice, are mice whose genomes have been altered using genetic engineering techniques. These mice are commonly used in research as models for human diseases and to study genes. The NIH recognized the significance of this technology in 1994, noting its impact on various fields of biology.

    In a bizarre turn of events, Trump mentioned Elon Musk’s Department of Government Efficiency during his speech, claiming the organization found wasteful spending in the federal budget, including $8 million allegedly spent on making mice transgender. This absurd statement was made on live television, highlighting the lack of understanding behind the proposed budget cuts.

    It is concerning that major decisions affecting federal agencies and employees are being made without proper research or consideration. It seems that when you vote for the clown, you also get the circus. Let’s hope for more informed and responsible leadership in the future!

  • Is Trump’s Economy Heading for a Recession?

    Economic Warning !!

    Trump inherited a thriving economy, with wages, consumer spending, and corporate profits all on the rise. Unemployment was at record lows. However, just over a month into his term, the outlook has taken a dark turn. The stock market is in turmoil, layoffs are increasing, and forecasters are slashing their growth estimates. Some even predict a potential shrink in the U.S. gross domestic product in the first quarter.

    Under Trump’s current policies, we are on the brink of a recession. His decisions have created uncertainty, with tariffs and trade wars threatening to raise prices and slow growth. Federal job cuts are looming, which could lead to higher unemployment rates and decreased spending. Deportations may drive up costs for industries reliant on immigrant labor.

    The chaos surrounding Trump’s economic policies is evident. Tariffs are announced and then delayed, government workers are hired and fired in a never-ending cycle. This lack of planning is detrimental to the economy.

    Trump’s policies will hinder economic growth, take money out of people’s pockets, and increase unemployment rates. Veterans and regions heavily reliant on federal jobs will be hit the hardest. Trump’s track record of bankruptcies and dishonesty about his net worth only adds to the uncertainty.

    Trump’s policies are detrimental to America and its citizens. His lack of understanding and chaotic decision-making are leading us towards an economic downturn. The future looks bleak under his leadership.

  • Veterans Regret Supporting Trump: A Cautionary Tale

    MAGA Veterans are starting to realize they may have made a huge mistake in supporting Trump. But hey, better late than never, right? Maybe they should have done a little research before jumping on the Trump train and believing all his lies. Now they’re experiencing some serious buyer’s remorse.

    Since Trump took office, there has been a mass firing of federal employees, including many veterans who make up a significant portion of the federal workforce. The Department of Veterans Affairs, a major employer of veterans, is planning to cut over 80,000 jobs. Veterans represent more than a quarter of the VA’s workforce, so they are feeling the impact of Trump’s downsizing firsthand.

    Nathan Hooven, a disabled Air Force veteran who voted for Trump, is now unemployed and feeling betrayed by the president. He’s not alone – many veterans who supported Trump are now facing the consequences of his actions.

    Matthew Sims, an Army veteran, lost his job at a VA clinic in Virginia after moving his family for the position. He voted for Trump but didn’t expect to be on the receiving end of his downsizing efforts. It’s like Trump is using a chainsaw instead of a scalpel when it comes to cutting government jobs.

    So to all the veterans who voted for Trump and are now feeling the heat, congratulations! You fell for the lies and now we all have to deal with the consequences of your decision at the ballot box. Thanks a lot.

  • Trump and Musk’s Threat to Veterans’ Healthcare

    President Trump and Elon Musk are proposing a reprehensible plan to strip veterans of their healthcare in order to fund exorbitant tax breaks for billionaires. This morally bankrupt scheme will deprive those who have bravely served our country of the essential care they deserve.

    A memo from VA Chief of Staff Christopher Syrek, as reported by Government Executive, reveals a disturbing plan to cut up to 83,000 jobs at the Department of Veterans Affairs. This would reduce the VA’s staffing level to 399,000 workers in fiscal 2019, down from the current 482,000 employees. Shockingly, this plan includes firing 80,000 individuals, 20,000 of whom are veterans. This deliberate dismantling of the VA’s workforce is not only dangerous, but a blatant betrayal of our veterans.

    Congressman Chris Deluzio, an Iraq War veteran, has condemned this plan as an attempt to destroy the VA. He warns that cutting jobs and starving the VA of resources will harm veterans and diminish the quality of care they receive. This is not a fight we will back down from. These cuts to the  VA will create understaffing leading to unacceptable wait times for veterans in need. 

    Trump and Musk’s proposal to sacrifice veterans’ healthcare for the benefit of billionaires is disgraceful and must be vehemently opposed. Our veterans deserve better, and we will not stand idly by while their care is jeopardized.

  • Trump’s Congressional Address: Chaos, Lies, and Delusions

    Trump’s highly anticipated address to a joint session of Congress on Tuesday night was a rollercoaster of chaos and boredom, sprinkled with his signature blend of self-congratulatory remarks and blatant falsehoods. The speech kicked off with Trump proudly tossing out some polling numbers, conveniently omitting any context to support his claims.

    In a shocking twist of events, Trump declared, “For the first time in modern history, more Americans believe that our country is headed in the RIGHT direction than the WRONG direction—an astonishing record 27-point swing since Election Day alone.” Of course, this statement conveniently ignores the fact that Trump’s approval ratings have been plummeting faster than a lead balloon since he took office.

    Moving on, Trump introduced his co-President Musk, the world’s richest unelected bureaucrat, and praised him for supposedly uncovering massive savings and waste. Spoiler alert: these “savings” are likely as real as a unicorn riding a rainbow. DOGE has ‘lied” about most of the saving as verified by many news outlets. 

    Next, Trump launched into a tirade about elderly people supposedly scamming Social Security, a beloved program that prevents senior citizens from living in poverty. Classic Trump move, attacking a popular program to fund tax breaks for the wealthy. Because who needs financial security in their golden years, right?

    And let’s not forget Trump’s brilliant idea to slap tariffs on China, Canada, and Mexico, because nothing says “relief for working families” like higher prices on everyday goods. Genius move, really.

    Of course, Trump couldn’t resist throwing some love to law enforcement, despite his track record of pardoning criminals convicted of attacking law enforcement officers. Because nothing says “support for law enforcement” like pardoning the very people who put their lives on the line to protect us.

    Trump’s address was a masterclass in deception, delusion, and downright absurdity. But hey, at least we got some quality entertainment out of it, right? Lies, lies, and more lies. Classic Trump.