Inflation for the month of June came in at 3.5% higher than the previous month of June 2025. It was 2.9% in President Biden's last full month in office in December2024. The inflation numbers continue to go up in the first 18 months on Trump's watch in his second term and no relief in sight. Although the inflation cycle began on Biden's watch, it also came down considerably before he left office.
At the same time, the Federal Reserve Bank of St. Louis reported, the lowest level of teens in America not in the work force hit the lowest level ever in June 2026 at 105 million. That number even surpassed the numbers of the great recession and the COVID era. That is just another piece of evidence why Trump and his policies are a big failure at job creation.
The third piece of economic information that tells the story of a weak economy was released by the Commerce Department that the second quarter GDP grew at an annual rate of only 1.5%, far below what was predicted by the so called economic experts. Instead, they are bragging about the stock market that does not create jobs for the economy and very well may lose value in due time.
The business shows on Fox News, CNBC and other networks were, with their hosts, predicting a booming economy for the second quarter and the balance of the year even though there was no evidence so far of that booming economy. It is part of the BS, mis-information and outright lies they project to influence the public and push Trump and the GOP's agenda.
What is taking place with the Trump economy was all predicted in past PolitiDose commentary and before Trump even took office. It could be predicted because of precedent of Trump and past GOP administration failures on the economy. (See PolitiDose commentary dated 3/19/2021 Titled, "Presidential Leadership: The economy and fiscal matters, the last 40 years.")
This commentary written by Joe Lorio
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