“Trump put billionaires in charge of everything,” said progressive Congressman Greg Casar. “It’s a disaster.”
The US labor market, which in recent months had ground nearly to a halt, now appears to be entering a downward spiral.
As reported by the Washington Post on Thursday, new data from corporate outplacement firm Challenger, Gray & Christmas found that employers in October announced 153,000 job cuts, which marked the highest number of layoffs in that month since October 2003.
Total announced job cuts in 2025 have now reached 1.1 million, a number that the Post describes as a “recession-like” level comparable to the steep job cuts announced in the wake of the dotcom bust of the early 2000s, the global financial crisis of 2008, and the onset of the Covid-19 pandemic in 2020.
I don’t think they meant that literally, even if *there are an alarming amount of billionaires in cabinet positions. Consider the meetings and dinners with billionaires, hiring Musk as “not really” an employee, lawsuits settling for acquisitions and mergers, the White House east wing slush fund, the Qatari jet and now air base in Idaho, crypto scamming, rich guy pardons.
Essentially this administration has never been more up for grabs or influencable by money.