On a certain level, I don't think there is an answer to what the American way is, because it is constantly being re-defined. It's also been exploited and capitalized upon and politicized by one side or the other to the point that a certain degree of cynicism has attached itself to that term.
I was born in Patterson, New Jersey, and raised pretty much all around the country. My family tended to move from place to place following economic prospects and jobs and looking for new opportunities, so we changed schools, colleges, grade schools, high schools every 6 months to a year - depending on the breaks.
The point of mythology or myth is to point to the horizon and to point back to ourselves: This is who we are; this is where we came from; and this is where we're going. And a lot of Western society over the last hundred years - the last 50 years really - has lost that. We have become rather aimless and wandering.