Years ago, Ned made me watch "It's a Wonderful Life" with him. As a Jew I have to say my taste in Christmas movies ran more to the comedic than the sentimentalm, but I watched it to please him.
Well, turned out that "It's a Wonderful Life" isn't about Christianity at all, it's about the (Eisenhower era) American Dream. A struggling everyday kind of guy, makes good despite hardship. In the style of the era he doesn't just make himself a success. He improves the lives of his townsfolk, his family and the world in general. More to the point, the struggle in It's Wonderful Life, is not spiritual, it's economic.
The hero of the film, George Bailey makes the biggest contributions to his hometown by keeping a building and loan society afloat during the depression, and starting Bailey Park, an affordable housing projects for the towns residents that opposes his arch-nemesis Potter's plans to exploit the town. Baileys crisis of faith comes when he loses the Building society's principle and becomes suicidal. His redemption - excepting the presence of the angel Clarence, arrives in the form of an economic reprieve. The townspeople, still overwhelmed with gratitude for Bailey's communitarian efforts raise enough money to keep his building society and his housing project afloat.
So the banks are failing stateside and unlike "It's a Wonderful Life" it looks like no-one is going to pull together and help each other through this one. Well, unless one counts government and insurance agency bail-outs, which is not exactly what "It's A Wonderful Life" suggests is the way that communities grow and prosper.