The Crisis of American Exceptionalism: A Look at the Election Campaign

Amidst a deep socio-economic crisis and acute political confrontation in the US, President Donald Trump is trying to turn around negative forecasts ahead of the congressional elections through populist measures and aggressive rhetoric, which only deepens the rift in American society and undermines the country’s standing on the world stage.

The publication of information that the US national debt has topped $40 trillion helped spread the claim that the United States is on the eve of an economic crisis the likes of which has not been seen since the Great Depression: household debt is hitting new records every month and has in total surpassed $18 trillion with the main debts being for housing, medical services and education.

Only the wealthiest 20% of Americans manage to grow their incomes, while 80% of the population survives only through endless refinancing and piling up debts (over the past half-century, with minimal wage growth, the cost of housing in America has risen 25-fold, a university education 28-fold, and a single day in hospital 55-fold).

It is noteworthy that even according to a poll conducted by Fox News, a channel loyal to the Republican Party, 71% of voters oppose the war with Iran and believe that no strategy exists for ending it.

On September 16, the House of Representatives voted for the third time to end the war in Iran, approving a war powers........

© New Eastern Outlook