David Doney

New home of @David_Charts. Armchair economist, sci-fi fan, impressed by good data viz. Node in the vast left wing conspiracy. Facts have a liberal bias.

[David Doney @David_Charts2]

Summarizing CBO, Fed and other analyses of Trump's truly awful economic policies, so you have it all in one place for sharing.

🔴Bottom 80% are expected to be worse off from the combination of Trump's tax bill (OBBBA) and tariffs. 1/
https://t.co/5s1ja1EV7Q

[talmon joseph smith @talmonsmith]

The tough run for workers' wages continues. When adjusted for inflation, recent wage gains have been erased. From July 2025 to July 2026, real average hourly earnings **decreased**
^^^
for that, you can thank Trump tariffs, the Iran war & falling pay raises back home

[Scott Lincicome @scottlincicome]

The Trump administration has now taken (or plans to take) ownership stakes in 31 private companies.

In a new YouGov poll, Americans overwhelmingly think this is a bad idea.

(They're right.)

[PBS News @NewsHour]

New labor data shows that the U.S. economy lost 23,000 jobs in July, when economists had predicted modest growth. Newly revised numbers for May and June also show 103,000 fewer jobs created than originally reported.

The unemployment rate ticked down, from 4.2% to 4.1%, a function of fewer people seeking jobs.

@RealAmnaNawaz speaks to @byHeatherLong for more.

[Heather Long @byHeatherLong]

JUST IN: Inflation eased a bit in July. CPI inflation cooled slightly in July to 3.4% (down from 3.5% in June and 4.2% in May). But beware: Rising gas prices due to the war in Iran remain a key risk.

The monthly gain was +0.1%. Energy costs, restaurant costs and medical commodities were all down slightly according to the gov't calculations. Shelter/rent prices also continue to moderate.

Core CPI inflation (excluding gas and energy) came in at 2.5% (down slightly from 2.6% in June and 2.9% in May).

[Heather Long @byHeatherLong]

July inflation eased slightly.
Take a look at where.
The government's data showed a DECREASE in gas prices in July. That will likely reverse in August now that gas is back above $4.

The more encouraging signs = Food and shelter costs are moderating.

Expensive gas in still an issue, but moderating food and rent prices are a big help to American households.

[Heather Long @byHeatherLong]

The big problem: Inflation is wiping out all wage gains.
This has been happening for 4 months now

This is why people are dipping into their savings and/or turning to credit. Yes, consumption has looked pretty good lately. But can that continue?

For middle-income and lower-income Americans, this is the key issue. There will likely be some belt-tightening ahead.

[Nick Timiraos @NickTimiraos]

Core CPI was +0.22% in July, lowering the 12-month change to 2.5%

[David Doney @David_Charts2]

@talmonsmith $100B in tax cuts and another $100B in tariff refunds.

[David Doney @David_Charts2]

"From July 2025 to July 2026, real average hourly earnings decreased 0.1 percent, seasonally adjusted. The change in real average hourly earnings combined with an increase of 0.3 percent in the average workweek resulted in a 0.2-percent increase in real average weekly earnings over this period."

https://t.co/DkpgiGt9NN

[Marc E. Elias @marceelias]

🚨BREAKING: President Donald Trump signaled Tuesday he’s willing to declare a national security emergency in an attempt to take over American elections. https://t.co/uosyDUTWN4

[John Harwood @JohnJHarwood]

it becomes more obvious all the time that the FBI counterintelligence investigation into Trump's ties to Russia should have continued.

https://t.co/8QxMZcZYpg via @NYTimes

[Jake Tapper 🦅 @jaketapper]

There is zero reason to not take Trump at his word that he and his team are planning sonething alarming to disrupt the midterms and beyond.

[Steve Rattner @SteveRattner]

The ultra-wealthy have already donated billions to influence the midterms.

Pooling the top 50 biggest donors, two-thirds of these funds are going to the GOP.

My @Morning_Joe Chart

[David Doney @David_Charts2]

@FrankLuntz No need to tax the bottom 90%.

[David Doney @David_Charts2]

@talmonsmith It’s a big win. However, a surprisingly low # of people get the federal minimum wage, so leaving it to the states is working; no reason for national Democrats to invest heavily in the idea beyond signaling.

https://t.co/SDGGPFMHwR

[David Doney @David_Charts2]

@CoreyLeander @TheStalwart And the Medicare 0.9% surcharge.

[David Doney @David_Charts2]

@KwikWarren