Sinking your Lincoln-Log cabin and
Lincoln Logs and Charlie Chaplin with American Icons, that are dying out. He is saying that like two classic american icons, the American Dream is dying out.
The Lincoln log-cabin is an allusion to Abraham Lincoln, the supposed epitome of the American dream, who was born in a log cabin and made it to the White House. The suggestion here is that this famous motivational story is no longer applicable to society, and is being usurped (along with the famous Chaplin Waddle of the 1920s) by a more realistic “alley gospel”
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