The left says we're in a housing bubble, but prices keep going up with no end in sight. They want to believe in a bubble like they want to believe in man-made global warming. Outside of the political sector the meritocracy is alive and well. The best and brightest are still getting ahead if the runaway success of snapchat, whatsapp,instagram facebook is any clue. Ambitious, high IQ people are making millions and billions in a matter of months and years through coding, web 2.0, stock market, real estate ,etc. The meritocracy, America's global influence, and the US economy has never been stronger. The left wants to believe that America's best days are behind it because they resent the success of the 1% that make America the success it is.