Nothing like operating in an information blackout. We don’t know how the jobs creation numbers are going because Donald Trump decided he didn’t like the gal who was generating them. She wasn’t a former beauty queen and therefore worthless and disposal in his worldview. However, she wasn’t hired to be a beauty queen, she was hired to get a job done and did get it done. Now that job remains undone. And going along with jobs creation, we know that there will be no Gross Domestic Product report for Q3 and you can bet the farm that that will remain the same for Q4. And yes, of course, it’s all fallout from the government shutdown, uh huh. Have you thought of building a condo in Florida lately, Donald has some lovely swamp land right next to Mar-a-Lago to give you.
Cancelled the GDP numbers because they are dismal and have been since they started going negative in the springtime. I suggest people re-read 1984 pic.twitter.com/XfZwPszgZ4
— Donica Blewinsky (@GSMDMama) November 24, 2025
Things are getting frighteningly Orwellian. What we do know is from states’ unemployment offices and those claims are rising, which is alarming during Q4 because traditionally that’s a time when holiday hirings happen. But then anything is possible in this brave new world of Trump’s which is dependent on AI and crypto, two very DOGEian endeavors that we will all live to regret.
EIGHT people. A total of 8 billionaires are doing well. The rest of America not so much. We are in a K-shaped economy. It shouldn’t be a surprise to anyone. I blame Trump’s voters most of all
— Donica Blewinsky (@GSMDMama) November 24, 2025
Anybody here one of the eight billionaires? And what is their issue? They’re already filthy rich, so what, they need to have it all? Every single company in America? Every single innovation? There’s a lot more than money being contemplated here, greed is the overwhelming factor and some sick form of competition.
And let me tell you a weird story: I don’t know how many homes Elon Musk has, don’t really care. But I remember him reporting his “primary residence” as some tiny house he owned. We’re talking about a place which is 375 square feet? Why would Musk even want people to think he was living in a place like that when he doubtlessly has closets that are far larger than his tiny home?
The problem with AI is that it takes tons of electricity. Electricity takes water. If water is being consumed in AI then it’s not being used to nurture a population, build houses, any of that. Are any of Trump’s minions thinking about the long haul here? Puh-leeze. Read part of an essay from the Progressive Capitalist and be prepared.
Those investments in AI are part of what is driving up costs. The new tech centers consume immense amounts of water and electricity. The average price of electricity in the US has risen 10% this year alone, compared to a 3% increase last year.
At the same time, manufacturing jobs are leaving the US —78,000 lost so far this year; farms are going bankrupt; the job market is drying up; and rising costs are making life difficult for most Americans.
This type of situation is referred to as an uneven, or K-shaped, economy. What that means is that the top 20% are doing very well because of the return on their investments, while the other 80% are seeking ways to cut costs and reduce their spending. That is not an ideal situation for a consumer-driven economy like ours, where 70% of GDP growth is typically from consumer spending.
This uneven economy has led to the top 10% of Americans accounting for half of all consumer spending. Back in the 1990s, they accounted for 1/3 of spending. Not only does this highlight the rising income inequality in the US, but it also means our economy is increasingly reliant on a small group of people to spend lavishly. That’s great for makers of high-end goods and luxury vehicles, not so great for the nation.
A growing number of experts warn that investment in AI is a bubble, much like the 90s dot-com bubble. The concern is that the price of these stocks far exceeds their value.
When the dot-com bubble burst, unemployment shot up, the NASDAQ lost almost 80% of its value, numerous companies went bankrupt, and large companies suffered significant losses, including Amazon, whose value fell by over 90% at one point.
This happened following the longest period of economic expansion in US history at the time, marked by declining unemployment and robust consumer spending. That prior economic strength was what accelerated the recovery as people continued to spend through and after the crash, allowing the economy to get back on its feet.
Our current situation is not nearly so rosy. We have rising unemployment, slowing economic growth, and spending primarily driven by the roaring stock market. When the bubble bursts, stock markets will crash, causing the top 20% to lose a meaningful portion of their wealth and, in turn, to slow or stop their spending. Companies will lay off employees during an already weak job market. And GDP growth will crater, causing a full-blown recession.
A change in leadership in the US led to a shift from investment in high-tech manufacturing, which had brought jobs back to the US, to a trade war that chilled the job market. Tariffs are at the heart of the trade war and are a regressive tax, meaning they disproportionately impact the lowest earners. Those are the same people who are suffering the most from the increase in electricity prices as the Trump administration cancels nearly completed energy projects simply because they’re renewables instead of oil or gas.
Then there is the latest hammer about to drop: skyrocketing healthcare costs. Cuts to Medicaid will lead to millions of Americans losing their coverage, while expiring ACA subsidies will cause over 20 million Americans to see their healthcare premiums more than double.
The US economy is precariously propped up on one wobbly leg that could give out at any time. It is being disguised by a modern Gilded Age veneer.
The “disguise” is being done by a morbidly obese orange man with an agenda. He’s lying about the “trillions” in investment and telling his whopper of a lie about tariffs being something that they’re not, but all this is going to come crashing to the ground. The question is how soon and how bad. You know the old expression, “Hope for the best, prepare for the worst, and don’t be surprised by anything.”
That’s it, as you state “… Things are getting frighteningly Orwellian…” Pootie must be giggling, too.
This is like Dotcom Bubble meets Enron, and the outcome could be exponentially bigger.