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The American Dream
American Dream
In my childhood it was stated this way — "The American Dream is the freedom that allows all citizens ...of the United States to pursue their goals in life through hard work and free choice ...gaining through ability rather than social status...

...achieving a state of freedom from money and social structure. ...The Founding Fathers used the phrase, "life, liberty, and the pursuit of happiness." it began as the opportunity to achieve greater material prosperity than was possible in their countries of origin.

...the opportunity for their children to grow up and receive an education and its consequent career opportunities. It is the opportunity to make individual choices without the restrictions of class, caste, religion, race, or ethnic group."
The American Dream allowed Lord Obama to rise from an obscure birth in Honolulu to become a Harvard lawyer

[http://en.wikipedia.org/wiki/American_Dream]
"life, liberty, and the pursuit of happiness."

The American Nightmare
American Nightmare
"The American Dream is a house, your own house with a white picket fence around it. You don't need education or a degree or anything. All you need is credit so you can buy anything you want.

The American Nightmare is a house with no money down. You can just borrow your way into the middle class and make money hand over fist without doing anything because housing will keep going up and up and up!

Home prices are going sky high so it doesn't matter what you pay because you can keep refinancing every few years like your house is a giant ATM machine to let you buy plasma screen TVs, and cars, and take vacations.
The moron's dream house is a jail cell where they are incarcerated with a 30-year mortgage.

You never have to pay back the loans because home values will just keep going up and up! You can refinance every few years..."
 
Morons work like ants to pay their mortgages - breathing exhaust fumes every day...
(above) The American Nightmare as seen by a bank evicted home buyer, now homeless.
(below) The American Nightmare of suburban sprawl.
Hey look! Samuel P. Leccima has a website selling his investment ideas! WOW! You can send him money - to learn how to roll in money just like Sam does. WOW! Isn't America great?