Monday, March 9, 2026

Chump wrecks the economy even further



In mid-February, as Donald Trump’s State of the Union address neared, Peter Navarro, a leading White House voice on trade and economic policy, told Fox News that the U.S. economy was “perfect.” A week later, during JD Vance’s latest Fox News appearance, the vice president celebrated the “Trump boom” in the economy.
Soon after, the American public learned that economic growth during the first year of the president’s second term reached a nine-year low (excluding the pandemic). Late last week, the latest job numbers were even worse: The U.S. economy lost 90,000 jobs in February, and the unemployment rate inched higher.

Indeed, the closer one looked at the data, the worse the figures appeared. Trump has been in the White House for 14 months, and during that time the cumulative total is 150,000 jobs. Over the last 14 months of Joe Biden’s presidency, by contrast, the American economy added 1.74 million jobs.

As economist Heather Long noted, the Republican president launched his “Liberation Day” tariffs in April 2025, and if we combine all of the jobs lost and gained between May 2025 and February 2026, there’s actually been a net loss in American jobs.

So much for the “Trump boom.”
Not surprisingly, Republican officials have no idea what to say about the worst job market since the Great Recession (again, excluding the pandemic). As The New York Times noted, “Republicans appeared to be put in a defensive posture by the weak data, with many elected officials and candidates staying quiet on the issue into Friday evening.”
 

Convicted Felon Donald Chump has destroyed the U.S. economy and we are seeing that more and more.   Jamie Chisholm (MARKET WATCH) observes:

Oil prices right now are by far the dominant determinant of market sentiment — and the prospect of energy supplies from the region being severely constrained has pushed crude to multi-year highs and whacked investors’ risk appetite.
This makes sense. Surging oil prices are a tax on consumers — via the gas pumps, for example. Meanwhile, through higher production and transport costs, they bolster inflationary pressures more generally.

When inflation rises but growth is constrained the economy can be blighted by stagflation, and that’s a possibility that is currently being addressed by even the usually more upbeat market observers, such as Ed Yardeni.

In a bulletin sent out late Sunday, the founder and president of Yardeni Research noted the spike in oil futures was accompanied by rising Treasury yields, a higher dollar, and lower gold prices.

This oil shock won’t end until ships can sail freely through the Strait of Hormuz, according to Yardeni. “Until then, the financial markets are likely to become increasingly concerned about a 1970s-style stagflation scenario; back then, the period of stagflation included two recessions,” he says.




Carly Garner, the Las Vegas commodities trader, has been watching the wild swings in commodity prices lately, and, over the weekend, offered this thought about oil prices:

"I've only seen oil move this far, this fast on three other occasions: 2008, 2011, and 2022. "What came next wasn't pretty for most assets," Garner wrote on X, formerly Twitter.
Garner's history is right. Big runups in oil prices can be good for oil investors and oil companies in the short term.

But the endgame can result serious trouble such as:

Inflation, especially at the consumer level.
Rrecessions that destabilize financial systems, markets and economies.
The numbers she is looking at are these:

West Texas Intermediate (often called light sweet crude) has jumped nearly 59% since bottoming in December. It was up 14.4% last week alone.
The price of regular gasoline is up 21.5% this year alone, according to AAA data. It has jumped 15.6% since Feb. 27.
Light sweet crude jumped to as high as $111 per 42-gallon barrel right after trading opened late Sunday. It fell back to $106 a barrel, that would translate into a gain of more than 17% in a day. Actually, in just 90 minutes.



U.S. stocks tumbled in early trading on Monday after oil prices topped $100 a barrel over the weekend and the war in Iran showed no signs of abating.

The S&P 500 slid 88 points, or 1.3%, to 6,652 in early trading, while the Dow Jones Industrial Average plunged 632 points, or 1.3%, to 46,870. The Nasdaq Composite fell 1.3%.
Financial markets have been extremely volatile since the war in the Middle East started last week. The turbulence continued into Monday, after oil surpassed $100 for the first time since 2022, when Russia's invasion of Ukraine pushed up global energy prices. 

As all of this goes on and Mr. Chump remains hugely unpopular, he deludes himself into thinking he has some power, that Americans are siding with him.  Avery Lotz (AXIOS) notes:


President Trump said Sunday he won't sign any bills until Congress passes the SAVE America Act, which would require proof of citizenship and photo ID to vote.

Why it matters: Trump has pushed for sweeping changes to how Americans vote ahead of midterm elections that could decide the fate of his presidential agenda.

Driving the news: "It must be done immediately. It supersedes everything else," the president wrote on Truth Social.

While Trump threatens to create his own gridlock, lawmakers remain at an impasse on funding the Department of Homeland Security. Even if they did reach a deal, Trump's pledge could presumably mean he wouldn't sign it.
He also called for provisions to further restrict mail-in voting and gender-affirming care not already in the House-passed version.
It's unclear if he's asking for new legislation to encompass those demands. The White House did not immediately respond to Axios' request for clarification, nor did it answer Axios' inquiry into whether the president would refuse to sign a DHS funding bill.
Reality check: If the president does not sign a bill within 10 days of presentment while Congress is in session, it automatically becomes law.

Poor dumb cluck.  


This is C.I.'s "The Snapshot" for today:


Monday, March 9, 2026.  Another US service member is dead in Chump and Netanyahu's war on Iran, the price of oil is soaring due to the war, the US government has ordered US diplomatic personnel  out of Saudi Arabia, Iran chooses a new leader, the Epstein Files scandal continues and the woman who spoke out in three interviews with the FBI about Chump allegedly assaulting her finds some details she shared confirmed by a press investigation.   



A newly released video adds to the evidence that an American missile likely hit an Iranian elementary school where 175 people, many of them children, were reported killed.

The video, uploaded on Sunday by Iran’s semiofficial Mehr News Agency and verified by The New York Times, shows a Tomahawk cruise missile striking a naval base beside the school in the town of Minab on Feb. 28. The U.S. military is the only force involved in the conflict that uses Tomahawk missiles.

A body of evidence assembled by The Times — including satellite imagery, social media posts and other verified videos — indicates that the Shajarah Tayyebeh elementary school building was severely damaged by a precision strike that occurred at the same time as attacks on the naval base. The base is operated by the Islamic Revolutionary Guards Corps.

Asked by a reporter from The Times on Saturday if the United States had bombed the school, President Trump said: “No. In my opinion and based on what I’ve seen, that was done by Iran.” He said, “They’re very inaccurate, as you know, with their munitions.”
Defense Secretary Pete Hegseth, who was standing beside Mr. Trump, said the Pentagon was investigating, “but the only side that targets civilians is Iran.”

The video of the strike, which was first reported by the research collective Bellingcat, was independently verified by The Times. We compared features visible in the footage to new satellite imagery captured days after the strikes in Minab.

The video was filmed from a construction site opposite the base and shows a worn, dirt path across a grassy area and piles of debris also evident in recent satellite imagery, bolstering its credibility. The video also comports with other verified videos taken in the immediate aftermath of the strikes.


There is no turning to the US in Iran.  Not when you've killed children in a school and certainly not when you lie about it.  You can see the resistance to the US in many actions including the selection of a new leader.  Farnaz Fassihi and Yan Zhuang (NEW YORK TIMES) note:

Iran projected defiance in the face of expanding U.S.-Israeli attacks on Monday by naming a son of its slain supreme leader as his successor, disregarding warnings from the Trump administration, while a surge in oil prices signaled growing alarm over the war’s effect on the global economy.

The new supreme leader, Mojtaba Khamenei, was appointed by a committee of senior clerics days after President Trump declared that he was an “unacceptable choice” and amid Israeli threats to kill Ayatollah Ali Khamenei’s successor.



There have been only two supreme leaders since the job was created after the Iranian Revolution in 1979 for Ayatollah Ruhollah Khomeini. Now Iran has a third.

Mojtaba Khamenei, a 56-year-old politician, cleric and son of the previous supreme leader, was appointed to the role by a council of 88 clerics, known as the Assembly of Experts, according to a statement released early Monday morning local time.

As supreme leader, Mojtaba Khamenei becomes the head of state of the Islamic Republic of Iran, both a spiritual leader and the highest authority in the land. Under Iran’s Constitution, that gives him overarching control of Iran’s politics and its armed forces, as well as leadership in religious affairs.


On Chump and Netanyahu's war on Iran, Eric Schmitt and Helene Cooper (NEW YORK TIMES) report, "Another American service member has died in the war with Iran, the Pentagon said on Sunday, bringing the number of American troops killed in the conflict to seven. The service member, who was not publicly identified while the military notifies relatives, was seriously injured on March 1 when Iran struck a Saudi military base where American troops were stationed, U.S. Central Command said in a statement." 




The moment that split Steve Nikoui’s life into a before and after was when three Marines walked up his driveway to notify him that his 20-year-old son had been killed in Afghanistan.

Mr. Nikoui, who lives in Southern California, was recently pulled back into that painful memory, as he watched a mother on TV describing the same knock on the door after her own child was killed, this time during the conflict in Iran.

“My heart really went out to her and the families,” said Mr. Nikoui, whose son Kareem was killed during the American withdrawal from Afghanistan in 2021. “That is the beginning of your new life, a life that you never asked for, never dreamed about. Now it’s here.”

“Every day I just think about Kareem, the life he would’ve led, the things he would’ve done,” Mr. Nikoui added.

Since the United States and Israel launched coordinated attacks on Iran last month, at least seven American service members have been killed. Before Iran, the last reported deaths of U.S. service members occurred in December, when an attack in central Syria killed two Army soldiers and a civilian interpreter.


Greg Sargent (THE NEW REPUBLIC) observes, "Consider three of the biggest developments in our politics right now: We just learned that the economy lost 92,000 jobs in February, a capstone to a terrible year in terms of job creation. President Trump has fired widely despised Homeland Security Secretary Kristi Noem, a key architect of his mass deportations. And reports are indicating that the killing of scores of Iranian schoolchildren might have been the handiwork of the United States." AP reports, "Oil shot to its highest price since 2023 after surging again Friday because of the Iran war, and a weak update on the U.S. job market knocked stocks lower to cap Wall Street's worst week since October."  Emmett Lindner (NEW YORK TIMES) points out, "The average price of U.S. gasoline reached $3.48 a gallon, according to data from the AAA motor club. That is a nearly 17 percent increase since the first U.S.-Israeli attacks on Iran on Feb. 28. Gas hasn’t been at these levels since 2024."   Chump's war of choice.  And we've learned more about that war.  David McAfee (RAW STORY) notes:

Republican U.S. Senator Lindsey Graham of South Carolina has been exposed by the Wall Street Journal for "coaching" a foreign leader on how to influence Donald Trump.

The WSJ ahead of the weekend published a story called, "Lindsey Graham's Quest to Sell Trump on Striking Iran." In that piece, there is a nugget about the senator engaging in a campaign to help Netanyahu to persuade Trump to launch an Iran war.

"To help make the case on Iran, Graham traveled several times to Israel in recent weeks, meeting with members of the country's intelligence agency," the Journal reported Friday.

Graham is quoted in the article as saying, "They'll tell me things our own government won't tell me."

The report further states, "He spoke with Israeli Prime Minister Benjamin Netanyahu, coaching him on how to lobby the president for action. Netanyahu showed the president intelligence that persuaded Trump to go ahead, Graham said."

McAfee quotes some people objecting to what Lindsey did and they're right to object, but let's be clear on what happened.  Lindsey is not a private citizen.  He is a US senator and has been one for 23 years and counting.  A member of the US government, who took an oath to the Constitution, collaborated with the leader of another nation on how to trick Donald Chump into going along with the foreign leader's plans to start a war.

Lindsey should be facing charges.  He should be expelled from the US senate.  He did not put American interests first and he worked with another country's leader to start a war.  

He is a national disgrace.  He is also a traitor.  

David McAfee also notes that Chump isn't doing well either:

Republican strategist Maura Gillespie, who previously advised former Speaker John Boehner and Rep. Adam Kinzinger, warned on MS NOW that President Donald Trump faces a serious credibility crisis after contradicting his campaign promises on military intervention.

Appearing on MS NOW over the weekend, Gillespie highlighted the hypocrisy of Trump's position on Iran, noting that he initially claimed military strikes would empower Iranians to choose their own leader—only to reverse course days later by declaring his intention to heavily influence Iran's next leader.

"A leader without followers is just a guy out taking a walk," Gillespie said, invoking a famous John Boehner quote. She warned that Trump is rapidly losing support among his core base.


"Chump protects the oil but not the American people" and today Katie Herchenroeder (MOTHER JONES) reports:


Without providing clear guidance on how to do so or how it will help, the United States government is advising Americans abroad to depart immediately from 14 countries, including Saudi Arabia, Israel, and Qatar, as its deadly offensive in Iran continues. 

Americans abroad remain stuck in place. Thousands of flights have been cancelled and there’s uncertainty surrounding which airspaces will be safe, and when.

New York Sen. Kirsten Gillibrand told Mother Jones that President Donald Trump “has essentially told the thousands of citizens who are stuck in the Middle East because of a war he started that they are on their own.” Gillibrand, a Democrat on the Senate Armed Services Committee and the Senate Intelligence Committee, called the administration’s actions “completely unacceptable and downright disgraceful.” 

Sen. Gillibrand has criticized US actions in the region, saying in a statement on Saturday that, “America voted for lower costs, not forever wars.” She said she’s working with New Yorkers currently in the region to get back to the state.





MARGARET BRENNAN: So, do you have an estimate on the number of Americans still stranded in the Middle East?

SENATOR TIM KAINE: It's thousands and thousands.

MARGARET BRENNAN: It is?

SENATOR TIM KAINE: Now, not every American chooses to come home.

MARGARET BRENNAN: Right.

SENATOR TIM KAINE: So, there's hundreds of thousands if you just add them all up who is coming home.  I am working with the Virginians who are reaching out to my office. We were able to facilitate one Richmond area resident getting home from Dubai on a flight a couple of days back. And so it's sort of dealing with that. But what worries me a little bit more is that some of the professionals at embassies and consuls are not being told to come home and they're sort of there and often their security presence is not what we wish it would be. So, we have to pay close attention to them.


Chump put no time into planning this war, he just rushed to join Netanyahu.  

MARGARET BRENNAN: You're on Armed Services as well.

SENATOR TIM KAINE: Yes.

MARGARET BRENNAN: The Pentagon may be looking at a supplemental budget request to fund this new war in the Middle East. CSIS estimates the first 100 hours of the war cost nearly $4 billion.

SENATOR TIM KAINE: Yes.

MARGARET BRENNAN: Have you heard an estimate on cost? Where are we on this supplemental? Will it get any Democratic support?

SENATOR TIM KAINE: We don't know that the White House is sending a supplemental. So, we had a classified briefing the other day and the topic came up. What I can say, and it's not classified, is the administration said they haven't made a decision. My goals right now are two-fold. Stop this war, which I view as both illegal and profoundly unwise, and protect our troops. If a supplemental comes over, I'm going to be looking to see, OK, how does it square with those goals? Protecting the troops is key. That's one of the reasons I want to stop the war. I think they're just exposed to a completely unnecessary risk by what President Trump has done. So, we'll look at a supplemental, if they send one –

MARGARET BRENNAN: Yes.

SENATOR TIM KAINE: To see, OK, how does it accomplish those goals.

MARGARET BRENNAN: Did they tell you what that's dependent on? Why don't they know if they need more money? Is it the duration of the time of the conflict or –

SENATOR TIM KAINE: I think that's the issue. You traditionally don't ask for a supplemental halfway through because you might ask for an inadequate amount. You might not – I think they may not want to ask for a supplemental because they're trying to avoid debates and votes in Congress on the Iran war right now.

I put up a war powers vote that I was –

MARGARET BRENNAN: Right.

SENATOR TIM KAINE: That I lost earlier this week. But I can assure you, I'm not going away. We have other means to have a debate and discussion about whether this war is in the U.S.' interest after 25 years of war in the Middle East.

MARGARET BRENNAN: Yes.

SENATOR TIM KAINE: They may want to avoid a vote on that and are trying to delay it for that reason.

MARGARET BRENNAN: Yes.

SENATOR TIM KAINE: They'll make that call and we have to look at the content.



American employees of the U.S. diplomatic mission in Saudi Arabia have been told to leave the country under mandatory departure orders issued by the State Department, according to current and former U.S. officials.

The move by the State Department means American officials are aware of growing risks in the region. It is the first time the agency has approved or issued what it calls an ordered departure in Saudi Arabia since the U.S.-Israel war on Iran began on Feb. 28.



Turning to The Epstein Files, let's note the big news from this past week first. Devlin Barrett (NEW YORK TIMES) reported Thursday:

The Justice Department released F.B.I. documents on Thursday describing several interviews with a woman who made an accusation against President Trump. The pages had been previously withheld from the vast trove of documents related to the convicted sex offender Jeffrey Epstein because of what officials called a mistaken determination that they were duplicates.

The typewritten notes recounted multiple interviews the F.B.I. conducted in 2019 with the woman, who said she had been sexually assaulted by both Mr. Epstein and Mr. Trump. She came forward shortly after Mr. Epstein was arrested that summer on charges of federal sex trafficking.

Her accusations against Mr. Trump date back to the 1980s, when she was a teenager. Her description of being assaulted by Mr. Trump is among a number of uncorroborated accusations against well-known men, including the president, contained in the millions of documents released by the Justice Department.

The department had already released documents describing the existence of the memos released Thursday, indicating that the F.B.I. had conducted four interviews related to her claims and had written summaries of each conversation. But only one of those interviews, in which she described being assaulted by Mr. Epstein, appeared to be included in the initial release, raising questions about why the remaining three were missing.  



The documents detail an FBI interview in 2019 with a woman who alleged that Trump sexually assaulted her in the 1980s, when she was between the ages of 13 and 15 years old.

The allegations within the documents have not been corroborated by any additional evidence. However, the decision to exclude them from the Epstein files database has led to widespread suspicion that the DOJ was concealing them on Trump’s behalf, in violation of the Epstein Files Transparency Act, which prohibits files from being restricted for the purpose of protecting someone’s reputation.


On the woman making the accusations, Alexander Willis (RAW STORY) reports:

Key details in the account of a woman who’s accused President Donald Trump of sexually assaulting her when she was a minor were verified Sunday in an explosive investigation conducted by The Post and Courier.

The woman first came forward to the FBI following the 2019 arrest of Jeffrey Epstein, and was interviewed by the agency four separate times. A Justice Department source told the Miami Herald that the woman was found credible by the agency, the outlet reported.

In her interviews with the FBI, the woman accused Epstein and at least two other associates, including Trump, of sexual assault when she was 13. She accused Trump of sexually assaulting her, pulling her hair and punching her in the head sometime in the mid-1980s.

While details of her specific allegations against Trump were not further verified by The Post and Courier, other details she provided the FBI were, giving further credence to her account.


For years, Trump’s conservative backers have attacked LGBTQ+ people, drag queens, immigrants, and others, claiming a desire to protect women and children from rapists and groomers. Trump even boasted that whether the women liked it or not,” he would protect” them from migrants, whom he slandered as monsters” who kidnap and kill our children.”

But when given the opportunity to seek justice for countless women and children who were trafficked, abused, and exploited by the world’s wealthiest, most powerful people, the MAGA movement and its leaders have shown a startling disinterest in accountability. During her hearing Bondi tried desperately to deflect attention, claiming that the stock market was more deserving of public attention than Epstein’s victims.

Even the Republican rank-and-file is now mysteriously detached from the Epstein files.


And over the weekend, Maggie Astor and David A. Fahrenthold (NEW YORK TIMES) reported on another person tight with Epstein facing consequences: 

Dr. Bernard Kruger, a doctor in Manhattan, has stepped away from roles at two concierge medicine practices after the public disclosure of his relationship with Jeffrey Epstein, the wealthy sex offender who died in a jail cell in 2019.

The head of one practice, the Atria Health and Research Institute, sent an email to employees on Monday saying that Dr. Kruger had “recently retired and is no longer involved with Atria.” He had been a part-time, nonpracticing physician there, the email said.

A spokeswoman for the other practice, Sollis Health, a private emergency room, said on Friday that Dr. Kruger was on leave from the company’s board of directors “pending a review launched by management in consultation with external legal counsel when it became aware of Dr. Kruger’s past interactions with Jeffrey Epstein.”

The doctor had been part of a small circle of specialists catering to Mr. Epstein in the last decade of his life, The New York Times reported last week. 

[. . .]


Dr. Kruger was a longtime physician to Mr. Epstein. In 2016, a private emergency room in Manhattan that he co-founded charged Mr. Epstein $15,000 for an annual membership that covered him and five “girls,” emails show. An accountant told Mr. Epstein that the practice — called Priority Private Care at the time, but now Sollis Health — did not require naming the patients, which would give him “more flexibility.” (A spokeswoman for Sollis said names were added later, and also said Dr. Kruger had never been a practicing physician there.)

Dr. Kruger’s medical office in Manhattan also appears to have allowed Mr. Epstein to book appointments without using names. In one case in 2018, the office sought to reschedule an appointment for “Jeffrey’s assistant” but didn’t know which assistant. (It turned out to be a lawyer close with Mr. Epstein, and Dr. Kruger’s spokesman said the doctor never saw patients without knowing their identities.)



Let's wind down with this from Senator Ron Wyden's office:


Washington, D.C. – U.S. Senators Ron Wyden, D-Ore., and Chuck Schumer, D-N.Y., today demanded that big businesses and corporations use any tariff refunds they receive to compensate small businesses and U.S. consumers for any costs they incurred from Donald Trump’s reckless tariffs.

Trump’s trade war and reckless tariffs have resulted in higher prices, lost jobs, and chaos for businesses up and down the supply chain. Estimates show the average U.S. family paid nearly $2,000 because of the tariffs. If large corporations that passed along tariff costs are receiving refunds, it is imperative that consumers and small businesses who bore some of those costs are made whole.

“American consumers and small businesses did not choose to pay these tariffs, and the Supreme Court has confirmed that the tariffs were unlawful,” Wyden and Schumer wrote to Suzanne Clark, president and CEO of the U.S. Chamber of Commerce. “Simple fairness demands that the financial burden imposed on small businesses and working families not become a windfall for the largest corporate balance sheets. Companies that passed along tariff costs should pass along savings from tariff refunds.”

This letter comes following an order from the Court of International Trade directing the Trump administration to cease delays and begin issuing refunds of the tariffs recently struck down by the U.S. Supreme Court. The order follows nearly two weeks of stalling by the Trump administration, which has tried to withhold refunds of tariffs they illegally collected from U.S. businesses.

The text of the letter is here.



Isaiah's THE WORLD TODAY JUST NUTS "Perks Of The Job" went up Friday afternoon and the  following sites updated: