The death of the American Dream is now official

diego_moita

It is easy to blame Trump's incompetence, but I think there are 2 more important reasons to consider: 1. Industrialization of Asia and factory automation 2. The rise of efficient agriculture in 3rd world countries and the consolidation of American farms into big companies that also increased productivity through automation. True, Trump was incompetent because his policies only worsened a bad situation. But he alone isn't the problem. And there isn't too much the US government can do to revert this economic decline. The solution, if there is one, has to come from innovation from the private economy. Without a big change, the U.S. will only become more socially and politically unstable and more dangerous for itself and the world.

casey2

By Americans' own choice. Nobody forced you to buy a $50k car on a loan you could never pay back. If most people just said no you could bike to work through a park. Or use the vehicle provided by your job. You though "If I'm the perfect bootlicker I could snipe this job from a local, I just need a fancy new car" And now your evil thoughts are coming to bite you. These Americans (I hesitate to call them people) refuse to hold their leaders accountable for everything, they sit and watch as 07' is applied to every asset class and ask for the boot shoved down their throat. They'll even clap, after movies, but also after their leaders add 100%+ tariffs on Chinese EVs. Can't have anything threaten their debt addiction.

cameldrv

“Six thousand dollars. The cost of a half-decent secondhand car. A modest kitchen renovation.” I don’t know the last time this guy priced out a used car or a kitchen renovation but it must have been quite a while.