It's Liberation Year [updated]

Remember so-called Liberation Day, when the Toddler in Chief announced to the world tariffs that split asunder world trade, and wrecked the very domestic economy he reckoned he was going to "save."

Well ...

... and ...

UPDATE:

"There is nothing like a Jobs Wednesday report to remind you that the Donald is utterly clueless when it comes to economic reality. He got a report card for January that shows during his first 12 months, the US economy did not generate a single new job in the goods producing sector!

"That’s right. The jobs figure (SA) for the combined manufacturing, construction, mining and energy sectors (blue line, below) for January 2026 was 21,501,000, which was actually 58,000 below where it stood in January 2025 (21,559,000). And in the case of manufacturing alone (dotted red line), the job count was down by 83,000 in January compared to a year ago.

"It is thus hard to see how those 'big beautiful tariffs' have generated the boom constantly ballyhooed by the White House. For crying out loud: The jobs count in the entire US industrial economy has been shrinking for the entire past year! 

"Not surprisingly, the dismal graph above didn’t dissuade the Donald one bit from crowing about 'GREAT JOBS NUMBERS,' even though the 130,000 monthly increase in January occurred in all the wrong places and then only by virtue of the BLS’ seasonal adjustment black magic.

"We treat with those factors at more length below, but here’s the spoiler alert: During the Donald’s first year the overall US economy purportedly generated 334,000 new jobs (according to the BLS), but fully 789,000 or 236% of those additional jobs were in the education, health care and social services sectors—the funding for which comes almost entirely from government budgets or tax exempt employer health care plans 

"The rest of the economy actually recorded a 455,000 job shrinkage!"

~ David Stockman, from his post 'Schooling The Donald On The BLS Jobs Scam'