The entire financial world is holding its breath right now, waiting to see whether they can continue their trust in official U.S. government economic figures or not. Will things like the official unemployment rate and inflation rate become just another casualty in Donald Trump's war on the truth and his war on science, or will the professionals who produce these numbers (as opposed to the agency's leader) continue to do a good and honest job -- even with the threat of being fired now hanging over their heads? That is an unanswered question, but we will begin to see fairly quickly which direction the Bureau of Labor Statistics is going to head.

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Today's job numbers are bad. There's no getting around it. So Donald Trump reacted to this bad news by immediately firing the messenger. Which is really bad. "Banana republic" bad, in fact. We should all expect Trump to name the next head of the Bureau of Labor Statistics who will then dutifully report next month that "in August, America added eight million new jobs, thanks to our Dear Leader's brilliance." Because that is obviously what Trump wants to hear, instead of any proof that the fantasy world he inhabits in his head is rosier than the actual reality in which the rest of us live.

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As we head into the next few years, America will be experiencing more and more 250th anniversaries. Unlike the bicentennial we went through in 1976, these events will apparently be called by a number of different names (take your pick): semiquincentennial, sestercentennial, bisesquicentennial, or just quarter-millennial (I'm sure we'll all settle on one of these, by next July 4th). In any case, and whatever you call it, last Saturday was the 250th birthday of what became today's United States Postal Service.

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Today, former Vice President Kamala Harris ended all the speculation about her mounting a campaign to become California's next governor. By doing so, she amped up a bunch of speculation about her mounting a campaign to become president in 2028. As a Californian, I have to say I am relieved that Harris won't be running for governor next year, and I am also profoundly unexcited about the prospect of Harris running for president.

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The next few weeks could be fairly pivotal for the U.S. economy, with new monthly economic numbers being released telling us where we are now, while perhaps new tariff numbers will be imposed by the end of the week which may tell us where we are headed with the rest of the world. All of these outcomes hinge mostly on how Donald Trump's big trade war with the rest of the planet continues to play out.

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A half-century ago, a piece of conventional political wisdom was born. President Richard Nixon was eventually forced to resign his presidency due to the Watergate scandal -- the first time this had ever happened in America -- and the phrase: "It's not the crime, it's the cover-up" was born. The quote is not ascribed to any individual, it just became a commonplace way of talking about the scandal that engulfed Nixon and his administration. Today, in a sort of meta way, the White House is once again engulfed in a scandal, except this time it is once-more-removed. It's not the crime or the cover-up, it has now become "the cover-up of the cover-up" that bedevils Donald Trump.

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We have to begin today with an absurdity. It's been that kind of week....

This week, Donald Trump proved once again -- beyond the shadow of a doubt -- that his understanding of basic mathematics would be considered sub-par in any random fifth-grade math class in this country. Most 10-year-olds could spot Trump's glaring error, to put that another way.

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Lo and behold, Democrats have finally found a good political narrative, heading into their big summer break. For once, they have woven a few disparate political issues into one poignant, easy-to-understand storyline. And for once, they are (so far, at least) all singing in unison from the same songbook.

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Why is Russia so special to Donald Trump? Why does Trump always give Vladimir Putin a free pass? Those are questions that have long been asked (for various reasons), ever since Trump entered politics. But no matter what the actual answer is (many have speculated, but nobody truly knows, other than Trump himself), the fact that Trump treats Vladimir Putin's Russia with kid gloves is an incontrovertible fact.

The most recent glaring example of this is how Russia has (up to this point) been declared exempt from Trump's global trade war. Trump has been all over the map with his tariff threats, but one part of it has remained consistent: a 10 percent tariff on all countries, no matter what. This initially included every country Team Trump could find on a map -- including one solely populated by penguins -- but not Russia.

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Once again, this week was consumed by an out-of-control political fire that is engulfing Donald Trump, his attorney general, the F.B.I., and all of Trump's fellow Republicans in Congress. They built a political Ponzi scheme out of the Epstein files, and it has now completely collapsed around them.

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