Saving the American Dream is a provocative and thoughtful account of how our nation’s ideals of equality and the pursuit of happiness emerged as an inspiration and a beacon of hope for the entire world, and how politicians, Wall Street and our own sense of entitlement have gradually eroded this Dream to the point of endangering America’s preeminence.
In this fascinating and informative book, Louis Hernandez, Jr. explores the origins, evolution and economic underpinnings of the American Dream, detailing how key government policies over-facilitated the dream’s attainment, weakened the will of the American people and drove us inexorably toward the 2007 financial crisis. He shows how policies put in place after the crisis not only failed to address the core problems America faces, but created a growing disconnect between Wall Street and Main Street that has made things far worse.
The book examines how our myopic political focus on “Too Big to Fail” institutions has threatened the most crucial pillars of the American Dream – our small businesses, and the community banks and credit unions that support them – and sabotaged their ability to support job growth and responsible financial services for families and local communities.
Mr. Hernandez makes it clear that the only way out of our current dilemma is to create new models and standards for ourselves and our institutions that re-connect with Main Street, global realities and the fundamental principles of the American Dream. In the final chapters, he offers numerous ideas that challenge and inspire readers to take up the cause of rebuilding our economy and reinstituting our national heritage.
Saving the American Dream is available for purchase here, along with Louis Hernandez, Jr.’s previous book, Too Small To Fail.
Praise for Saving the American Dream:
David Weidner, The Wall Street Journal
Hernandez gives us a road map to fix the economy. The good news is that the solution is right in front of us: community-based financial institutions
Steve Potisk, MarketWatch Radio Network
Saving the American Dream should be required reading for all in government, from Capitol Hill to 1600 Pennsylvania Avenue.
Mark Greene, CEO, FICO
A lucid narrative of how attempts to regulate Wall Street have instead trampled Main Street.
Bruce Philp, Author, Consumer Republic
A timely and passionate defense for the idea that opportunity matters more than entitlement. The dream’s salvation will be found on Main Street.
Dr. Elizabeth M. Daley, Dean, USC School of Cinema/Television
A refreshing reminder that small businesses, including small banks, are core to our ability to realize the American Dream.
Dennis Dollar, Former Chairman, National Credit Union Administration
Louis Hernandez is one of the industry’s leading innovators and his insights are both compelling and challenging.
Eng Hong Lim, Partner & Asean Practice Leader, Ernst & Young LLP, Singapore
An insightful and thought provoking account of how The Great Recession devastated the wider American banking system, hurting nearly every American — not just the Big Wall Street Banks.
Craig Rydin, Former President and CEO, Yankee Candle Company
A profound book that should resonate with those who believe a “back to fundamentals” approach to our personal and country’s economic prosperity is key to future growth.
Additional praise for Saving the American Dream can be found here.
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