Why does most new music suck?

Ok I will have some exclusions to my statement. I'm not talking about classical or jazz. My comment is mostly pointed to rock and pop releases. Don't even get me started on rap.... I don't consider it music. I will admit that I'm an old foggy but come on, where are some talented new groups? I grew up with the Beatles, Who, Rolling Stones, Led Zeppelin, Hendrix etc. I sample a lot of new music and the recordings are terrible. The engineers should be fired for producing over compressed shrill garbage. The talent seems to be lost or doesn't exist. I have turned to some folk/country or blues music. It really is a sad state of affairs....Oh my god, I'm turning into my parents.
I guess i grew up in a different era because I don't list the Beatles, Who, Rolling Stones, or Led Zeppelin as artist I want to listen to. Now this isn't to say there is anything wrong with them but they just aren't my cup of tea. I would bet if they have any good recorded music it was remastered at a later date.
Your comment "As an example I was listening to the new Pink CD and the cymbals just about sawed off my ears with a compressed, distorted sound. The engineer and producer should be fired" reminds me of why I took a break from audio.

I use to own a system that was very detail and when the recording was good it was awesome. Well with this system I could only listen to about 5% of my entire collection. Now why in the world would I want to only listen to 5% of my collection? I took a break and built a new systems that just sounded good. I now enjoy my entire collection. Sure some recordings sound better than others but I find much more enjoyment listening than every before.
I find it laughable that sound quality is a mitigating factor in a decision to listen to otherwise substandard compositions of what music should actually be defined by. This is clearly not about the music but all about the expenditure. The joke's on you guys:)
There is a basic formula for excellent music....good songwriting + talent + engineering / production. If you miss any one of the elements, the music suffers.
I guess everyone defines what makes excellent music. Mine is different than yours Goose and that is OK.

For me if I like an artist I try to get all of their recordings and listen to them all. I have recordings from artist that span decades and you can imagine the quality of the recordings are vastly different. But I love them all and I listen to them all.

Do people only listen to recordings they feel are "great"? That just seems like a waste to me.

I actually have some poorly recorded music of artist I love and I actually take them with me to audio stores. I do this because if it sounds so bad that I don't want to listen to it, I don't want the system. Now I also take "Audiophile" recordings as well.