Massive jobs revision wipes out one third of job growth this year. If true, it means the Fed’s spent 6 months engineering a recession. We’ve outsourced the economy to a Magic 8 Ball.

In a scathing video clip shared on X by economist Peter St. Onge, the latest jobs report revisions have exposed the Federal Reserve’s catastrophic errors under Chairman Jerome Powell. “Last Friday, jobs numbers were massively revised down,” St. Onge declared, wiping out a third of this year’s reported job growth.

If accurate, this means the Fed has spent six months engineering a recession through stubborn high interest rates, outsourcing America’s economic fate to what St. Onge calls a “Magic 8 Ball.” This isn’t just incompetence—it’s deliberate sabotage, as Trump supporters see it, with Powell refusing to cut rates to undermine President Trump’s pro-growth agenda. From fueling Biden-era inflation to botched renovations costing billions, Powell’s tenure is a masterclass in bureaucratic failure, and conservatives are demanding his ouster.

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Heritage Foundation economist E.J. Antoni blasts Powell for this “masterclass in economic mismanagement,” noting how his low-rate promises lured banks into low-yield securities, only to jack rates up tenfold, causing historic bank failures like Silicon Valley Bank. The Fed racked up over $225 billion in losses since 2022, illegally financing the CFPB by printing money—a clear violation of law that provides grounds for firing Powell “for cause.”

As Antoni puts it, Powell’s policies impoverished Americans, creating a cost-of-living crisis where homeownership became a pipe dream for millions. Conservatives argue this isn’t mere error but a pattern of sabotage, especially now under Trump. Powell’s refusal to slash rates despite cooling inflation is seen as a personal vendetta. Trump has slammed Powell as a “real dummy” and “enemy of the people,” accusing him of holding back the economy to spite his tariffs, which forced China to slash duties from 125% to 10%.

Fox News reports Trump knocking Powell for not cutting rates, echoing his 2018 criticisms when the Fed hiked four times, stifling growth. With unemployment up and growth slowing, Powell’s high rates are “strangling the middle class,” as one X user fumed, to prevent Trump from claiming credit for a boom. The August 2025 jobs debacle underscores this. Breitbart’s Business Digest calls the July report a “disaster,” with just 73,000 jobs added versus 104,000 expected, and massive downward revisions: June from 147,000 to 14,000, May from 144,000 to 19,000.

Newsmax highlights the labor market cooling, with private payrolls slashed by 258,000 in revisions—the largest two-month cut since 1968 outside recessions. Trump fired BLS Commissioner Erika McEntarfer hours after these revelations, labeling the data “unreliable” and rigged to hurt his agenda.
White House adviser Kevin Hassett backed Trump, calling for new BLS leadership amid these “cooked” numbers.

National Review quips Trump can’t fire the economy, but Powell’s delays are engineering one. Powell’s renovation fiasco adds fuel to the fire. The Fed’s headquarters overhaul ballooned to $2.5 billion—$700 million over budget—with costs per square foot double that of typical historic renovations. Trump’s OMB Director Russell Vought accused Powell of “gross mismanagement,” citing VIP dining rooms and premium marble, calling it an “ostentatious overhaul” while families struggle.

During Trump’s July 2025 Fed tour, Powell fact-checked the president’s $3.1 billion claim, but conservatives see it as emblematic of Fed waste. House GOP hit Powell with a criminal referral over this, tying it to his broader failures. As Fox notes, Trump insists no firing is “necessary,” but pressure mounts. Trump supporters on X are livid. “Powell is sabotaging the Trump economy! Fucker is not working for the American people but for the Deep State,” rages one. Another ties it to BLS cooking books: “Powell knew the jobs numbers before refusing to lower rates. He hates Trump so much he is sabotaging the economy.”

DOGEai blasts Powell’s $235B losses and bloated staffing, calling for an audit of these “arsonists.” Pulte, Trump’s housing director, brands Powell a “liar who does not like our great President,” costing hundreds of billions. Even Sen. Rick Scott demands Powell go for “corruption, mismanagement, zero accountability.” The Daily Wire slams Powell for killing Gen Z’s American Dream, with high rates pricing out young buyers. Washington Examiner questions if Powell is “batting for three strikes,” rushing stimulus that spiked inflation. Newsmax’s “Powell Predicament” highlights pressure to reverse course or resign amid warning signs.

Breitbart’s Digest vindicates Trump, humiliating Powell with the jobs slump. Powell’s defenders? Crickets from conservatives. Even a prominent Dem admits Trump’s trade war is “going well,” undercutting Powell’s anti-tariff stance. As Vance warns opponents of Trump’s bills face consequences, Powell’s obstructionism could seal his fate. Tim Scott urges Biden regulators like Powell to quit for a “fresh slate.” Ultimately, Powell’s Fed is a bloated, unaccountable beast—$6.7T balance sheet, ethics violations, and a culture of corruption. Trump put him on center stage, and now the spotlight reveals a saboteur. As St. Onge warns, we’ve outsourced our economy to chance. Time to fire Powell, audit the Fed, and let Trump unleash prosperity.

The only problem now is will Powell step aside or not? President Trump has said he will not fire him. Powell said Trump can’t fire him. Let the Constitutional battle at least begin, as it now seems imperative that we END THE FED for once and for all.

• Massive jobs revision wipes out one third of job growth this year
• Fed Chair Jerome Powell hit with criminal referral by House GOP Trump ally
• Trump answers question on whether he’ll try to run again
• Is Jerome Powell batting for three strikes?
• Trump knocks Fed chairman and calls for rate cut
• Prominent Democrat admits that Trump trade war is ‘going well’ so far
• Jerome Powell Is Killing Gen Z’s Shot At The American Dream
• Everywhere Fed Chair Powell is involved, prices are still up, investor says
• Vance warns of consequences for Trump bill opponents ahead of 2026 midterms
• Tim Scott says Biden regulators should quit it, give Trump a ‘fresh slate’
• Fact check: Trump’s claim that pre-election jobs revisions helped Democrats
• The Powell Predicament
• Breitbart Business Digest: Trump Vindicated by Jobs Slump; Powell Humiliated
• WH Economic Adviser Hassett: Jobs Data ‘Unreliable’
• US Labor Market Cools With Just 73K Jobs Added in July
• Trump Fires Biden-Appointed Labor Statistics Boss After Major Revisions To Jobs Reports
• Fewer Jobs Than Expected Added In July As Unemployment Holds Steady
• Economy adds 147,000 jobs in June, more than expected
• Trump’s Firing of BLS Commissioner: You Can’t Fire the Economy
• Breitbart Business Digest: The MADness of the Jobs Revisions
• US Economy Eyes Strong Finish But Uncertainty in 2025
• White House accuses Powell of mismanaging Federal Reserve, citing headquarters renovation
• Powell Fact-Checks Trump on Cost of Fed Renovations
• Problematic Powell: What To Do With the Worst Fed Chair in History
• Sen. Rick Scott on Failed Federal Reserve Chairman: Corruption, Mismanagement, Zero Accountability…It’s Time for Powell to Go

Lisa and Ben at Whatfinger News. Heavy use of Newsmax Links and Daily wire links above

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