This article considers the political implications of temporal orientations, building on Reinhart Koselleck’s conceptual histories of “progress” and “utopia”. A computational analysis of survey data from the 2016 US election provides a snapshot of the breakdown of the American Dream for some respondents, and its continued relevance for others. Rather than progress from past to future, data shows negative perceptions of the past or present associated with negative expectations for the future, a link especially pronounced among white respondents and those who subscribe to “America first” beliefs. At the same time, to the extent that racial privilege is inversely related to expectations of future progress, the findings suggest that utopian narratives of progress can help smooth over injustice or inequality with view to a better future. Expectations of progress are thus tightly woven into perceptions of injustice or marginalization.