Life, liberty and the pursuit of happiness in times of economic crisis

Today American consumers have nearly $1 trillion of outstanding credit card debt. A quarter of all homeowners are paying more on their mortgage than their home is worth. And unemployment nationwide has reached 8.1 percent. Does this economic crisis put the American dream at risk? Many may wonder that, as a nation, have we so corrupted the fundamental ideals of the American dream of life, liberty, and the pursuit of happiness that we instead find ourselves living through the American nightmare? Joining The Takeaway to help answer this is David Kamp. He’s a contributing editor for Vanity Fair and has written the article Rethinking The American Dream. Kamp joins us for the first in a series of conversations about what the American dream means in this day and age.