The American Dream - Part 1

In 2006 nearly 800,000 properties in the U.S. were involved in some sort of foreclosure activity from receiving notices of default, auction sales or being repossessed. In the first half of 2007 nearly 600,000 properties reported similar activity and some analysts suggest we could surpass 2 million foreclosure filings by the end of 2007. The American dream is becoming an American nightmare for millions of Americans.

Sub prime loans and adjustable rate mortgages are considered leading causes of the housing crisis facing the dwindling middle-class in a classless America exponentially removing itself from the reality that the rich are getting richer and the poor getting poorer.

Economic descriptions are but one of several observations that can be made to explain the crisis in the U.S. housing market but how can we explain the lack of common sense when analyzing the issue?

When the people who have to work in order to pay for the American dream lose their jobs to overseas so that corporations can increase their profits who will pay the mortgage when the work is exported to another country but the workers are not?

Does not common sense prevail in understanding that no job means no income to pay the mortgage and results in no longer able to afford the American dream including the over 40,000 jobs recently lost in the mortgage business?

Does not common sense dictate that when the same power that defines the American dream favors the few and the system is rigged legislatively and judicially to prevent workers from attempting to unite and protect their interests in the pursuit happiness, the American dream is reduced to state of foreclosure?