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The Michael Berry Show

Bonus Podcast - What Is The American Dream And Why Has It Fallen Out of Reach

The Michael Berry Show

KTRH

News, Politics, Society & Culture

4.82.3K Ratings

🗓️ 31 July 2024

⏱️ 11 minutes

🧾️ Download transcript

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0:00.0

The Michael Berry show.

0:02.0

What is the American dream?

0:04.8

Is that just some silly phrase?

0:07.1

Is it dumb?

0:08.8

Is it trite?

0:10.5

Did it ever exist? Or did it once exist and then went away?

0:17.0

And if so, why?

0:19.0

You know, it's referenced in a lot of songs, it's referenced in a lot of songs it's referenced in a lot of movies and it is generally

0:28.4

referred to as this sort of fairy tale that doesn't exist. Well I'm going to tell you it does exist. The problem

0:38.3

is people that are lazy don't want to admit they're lazy. In fact nobody's ever told them about.

0:46.0

People who make bad decisions, they don't want to be told they make bad decisions.

0:51.0

They view it as they're a victim of trauma or nobody

0:56.7

helped them or somebody played politics or who knows what else. But what happens when people do the same exact things their parents did? They save, they work, they

1:11.3

don't have vices. They don't go crazy. And they don't feel like they're making headway the way past generations did.

1:22.0

Maybe for those people the American Dream is out of touch.

1:27.0

What is the American dream to each individual person?

1:31.0

I guess that's the question.

1:33.8

But consumer confidence is as important to our economic system as gold reserves.

1:41.8

If people believe the economy is doing well and is going to do well, they invest, they spend.

1:47.0

But if they have fear, they withhold.

1:51.0

And that in and of itself can collapse the economy.

1:57.0

So CNN did a study on whether the American dream is out of reach or not. And CNN says

...

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