meta_pixel
Tapesearch Logo
Log in
The Highwire with Del Bigtree

IS THE AMERICAN DREAM DEAD?

The Highwire with Del Bigtree

The Highwire with Del Bigtree

News, Society & Culture, Health & Fitness

4.93.4K Ratings

🗓️ 20 November 2023

⏱️ 16 minutes

🧾️ Download transcript

Summary

Some migrant families are now leaving the United States to head back to their country of origin claiming the American dream is gone. We analyze warning signs within the US, including credit downgrades, vibrant cities now in squalor and rising crime rates. In addition, we look at the clean up effort in San Francisco with visiting Chinese leader Xi Jinping and Gavin Newsom’s reason for the cleanup.

Become a supporter of this podcast: https://www.spreaker.com/podcast/the-highwire-with-del-bigtree--3620606/support.

Transcript

Click on a timestamp to play from that location

0:00.0

We're going to take a unique look at the United States right now and in an interesting view here and it starts with this story

0:07.0

Fed up migrants who trek thousands of miles to US already heading home

0:11.4

American Dream doesn't exist when they're talking about in this

0:14.2

article are Venezuelan who came from the border that were bust to Chicago and they're

0:20.0

saying look I mean besides the fact that Chicago in the fall and moving into the

0:24.2

winter is freezing but they're saying look the American dream doesn't exist we've

0:27.9

tried and we're going back home they're getting tickets they're flying back

0:31.0

doing whatever they can to do this.

0:33.6

And so why is this happening?

0:35.8

Why is all of this happening?

0:37.3

Well, taking a look at one of the big issues here,

0:40.8

the United States has a credit rating, just like you and I have credit ratings. There's credit rating agencies and if we have good credit we can take out loans, have low interest rates, if we have bad credit, we don't get those kind of luxuries. Well for a country it's the same thing except also

0:56.8

countries people invest in their bonds by their bonds. They're safe countries to do business in. Well this this has just happened to the U.S.

1:04.0

This was just over the summer.

1:05.6

Fitch downgrades U.S. credit rating citing mounting debt

1:08.4

and political divisions.

1:09.6

The first time this has ever happened.

1:11.0

And then just recently, Moody's changes U.S. Credit Outlook to negative. This was the New York

1:15.8

Times. Another big, another big hit. And I'm looking over these headlines and I'm seeing something,

1:21.0

I'm seeing something that looks like this.

1:22.5

So we're going down, but then I see this headline,

1:25.8

El Salvador's rating raised by S&P on local debt financing.

...

Please login to see the full transcript.

Disclaimer: The podcast and artwork embedded on this page are from The Highwire with Del Bigtree, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of The Highwire with Del Bigtree and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.

Copyright © Tapesearch 2026.