Once Bruce focused on the bruising reality, rather than the inspiration victory, it all got smaller, darker, and less fun. That put a huge burden on the music to be insightful, deeply moving, and desperate. For some, he obviously succeeded. For me, not so much. I just don’t think he’s great at it.
Oddly, I also think it fully explains the misappropriation of Born in the USA. The music is rousing (just like the good old days) and the refrain sounds patriotic enough at first listen, so people jumped on it as a return to the good old days. People wanted Bruce to be the old Bruce, so that’s what they made of the song - despite its obvious message to the contrary.
I never blame Springsteen for either the politics or the misuse of BITUSA, but I just don’t find much of his stuff after Born to Run particularly effective. Again, YMMV.