Proximity?

"Did you ever see an amusement park?"
"No, Father."
"Well, go and see an amusement park." The priest waved his hand vaguely. "It's like a fair, only much more glittering. Go to one at night and stand a little way off from it in a dark place- under dark trees. You'll see a big wheel made of lights turning in the air, and a long slide shooting boats down into the water. A band playing somewhere, and a smell of peanuts-and everything will twinkle. But it won't remind you of anything you see. It will all just hang out there in the night like a colored balloon-like a big yellow lantern on a pole."
Father Schwartz frowned as he suddenely thought of something.
"But don't get up close," he warned Rudolph, " because if you do you'll only feel the heat and the sweat and the life."

-F. Scott Fitzgerald,
from Absolution

What does the aformentioned passage imply about the "American Dream", and what is your reaction to this possible modernist (pgs. 523-536 in Am. Lit. text) commentary? Please comment and incorporate specific references to lines from the passage.