TheBlackCoat
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Because America is a land of immigrants we were never lazy and still aren't, middle class or not. The problems, leave politic aside, began with the oil embargo in the 70s but then it was immaterial because oil would have eventually go up as the world population and industrialization expanded. Oil reserved and production simply couldn't catch those demands hence the drastic rose of oil price and continuing today into the future .
Because of high energy prices the cost of living is high worldwide as people do not learn how to survive without energy. When I say American Dream it doesn't restrict to America alone and the problems are global.
Politic is something I don't want go into because there's nothing, as a person, can do about it. I know many people, including myself, hold no mortgages on our houses so budget wise it's all according to individuals. Our generations can not living like my father's because oil price (He told me it cost him 13 cents a gallon when he filled up his first tank of gas) caused everything to rise and wages simply couldn't catchup with those increases.
All that was made possible due to spoils of second world war for american industry. Most of Europe industry was destroyed - whatever general electric churned out from Fridges to washing machines to anything found an instant and captive market worldwide. This coupled with Fannie Mae and Freddie Mac which offered an unthinkable 30 year mortgages allowed american to live the dream - large house with low payments, finish highschool, marry sue down the lane, get a job at the local factory, retire at 40-50 with lifelong pension at 90% of last drawn salary.
Meanwhile Japan and Germany were rebuilding their industry. Oil shock was great advertisement to japan's competitive advantage. America got competition. But nevertheless prosperity came again via petro dollar allowing US to print its way out of troubles while rest of the world worked hard and traded their hardwork for dollar. But its no longer as it used to be.
But still the country has a humongous edge for its richer capitalist class and the world still has nothing to compete with its very high end industry ranging from high end consumer tech like mobiles to space tech to aircraft tech.
Outsourcing of the manufacturing is what killed the US economy, jobs and the American dream.
Our only hope is to strongly support Trump who is sincerely trying to reverse the damage done in the last 40 years.
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