Consumer Spending Up, Despite Tariffs

Timothy Birdnow

Well, well, well....

Retail sales up 0.6% in August from July even as tariffs lead to price hikes

I think at this point it's safe to say the economic theories we've operated under for the last thirty years are wrong.

Granted, the tariffs may yet lead to a slowing economy - they haven't been in place long enough - but the evidence does suggest we aren't going to have the economic doomsday the economists were predicting.

Here is typical mainstream media reporting:

They had to get their pound of flesh, and they make an assertion without any evidence to back it up.

In point of fact the summer saw a seasonally-adjusted consumer price index increase of a scant 0.2% over the last three months (it has increased 2.7% over the last year, most of which occurrred during the Biden Administration which the maistream media won't tell us) , which is in line with the 2.1% inflation rate. CPI will naturally rise during an inflationary period, and we've had inflation since President Nursing Home blew through trillions of dollars.

As for the job market, how do tariffs hurt that? Companies are coming back to America to build stuff as a result of those tariffs. And this while we are deporting or seeing self-deportation of millions of illegal aliens who were taking American jobs?

Discussing unemployment, the St. Louis Federal Reserve had this to say:


Many of those unemployed workers not finding jobs were government employees who were let go. They have no marketable skills; they were institution men.

And many of the unemployed are holding out for better jobs than the ones they can get at present. College grads with no skills won't take the jobs vacated by the illegal aliens. (On a personal note my wife is in a nursing home and the staff is in constant flux because nobody wants to stay and do that job. They have better opportunities elsewhere.)

The rise in unemployment is a good thing; it means that people previously on the welfare rolls or on unemployment are now trying to go back to work.It means the "jobs Americans just won't do" are still unfilled to a degree, but are being filled, or the numbers would be much higher.

Also, bear in mind that the huge influx of aliens into the U.S. during the Biden Administration is undoubtedly adding to this number. Technically they aren't supposed to be counted but you know they are, especially in the survey of employers who undoubtedly hired illegals.

ABC News is lying by omission here, subtly, sneakily. And sadly most Americans will never learn of the deception.

Posted by: Timothy Birdnow at 09:03 AM | No Comments | Add Comment
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