Foreclosures spike 20%. Car loan delinquencies soar 50% — worse than 2008.

And nearly half of Americans can’t pay their bills. Biden left a crater that Trump’s trying to fill with new factories. But AI could eat up the new jobs as fast as they’re born.

Foreclosures spike 20%. Car loan delinquencies soar 50% — worse than 2008.

And nearly half of Americans can’t pay their bills.

Biden left a crater that Trump’s trying to fill with new factories. But AI could eat up the new jobs as fast as they’re born. pic.twitter.com/Rub3H0luKA

— Peter St Onge, Ph.D. (@profstonge) November 20, 2025

• And under these circumstances, red states like Florida push for redistributive property tax policy that will bankrupt small investors that rely on real estate income to weather inflation and rising costs. When they’re destroyed and forced to rely on government programs rather than provide for themselves and their families, what has been accomplished? Maybe a few extra homes on the market, but more dilapidated homes won’t be fixed because it won’t make financial sense. Certainly won’t fix any supply and demand problems that actually drive up costs. And when they force out snowbirds, business, and other non homestead property tax “sources” who’s left to fund the government? – Melissa
• All I know is the street level. Talked w a Verizon worker yesterday & he said mid mgmt is being gutted. W no jobs for them to go to. There are no jobs for college kids, even in practical areas. Companies are offshoring analyst, finance, HR, non engineer jobs. Things are bad. – Common Cents

• Foreign worker programs needed to end yesterday. Until entry-level jobs are not being sucked up by H-1B and OPT, there will be no relief. And the GOP/Trump and Musk seem to want to die on the foreign worker hill. – Chris
• AI is marketing gimmick. Grok/Gemini etc are Glorified Google. AI just automates the processes which is happening in the engineering field for a long time. For eg Sensors, Elivators For Excees Load, even Airbags in a Car, Smart Phones, Smart Watches etc. These are Intelligence only. AI explores different technologies or enhances the present one which is nothing but the continuous process of Engineering. Plus to run AI efficiently a lot of Energy is required which will push up the prices of Energy resulting higher price other Commodities ( Rise in Gold Price indicating the same since Gold is a King of Commodities) In short we have seen this Movie before. – Viral Desai