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Bulwark Takes

Trump’s WORST Jobs Report Yet, Stagflation Incoming?

05 Sep 2025

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Tim Miller and Jonathan V. Last break down the latest disastrous jobs report and what it reveals about the state of the U.S. economy under Trump. From manufacturing losses to collapsing construction starts, they explain why the numbers are worse than they look, and how policy choices like tariffs, mass deportations, and federal cuts are fueling the downturn. They also discuss whether Trump could weaponize the Fed, the risks of stagflation, and why America may be speed-running toward an Argentina-style collapse. Check out the article here

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