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So were Bush's and Clinton's. It's not a left right thing. Romney, Cain, Palin, Pelosi, Hillary, they are ALL THE SAME! From the same stupid, greedy, war mongering generation. Why do you think the average age of the OWS protester is 20 something.
The only baby boomer I respect is Ron Paul. He's a lone voice in a generation of idiocracy.
Great post
Would rep but I have to spread it around
Blame the Baby Boomers: Shallow, Greedy and Corrupt
The Baby Boom Generation will never be mistaken for the Greatest Generation that survived the Great Depression and defeated evil in a World War that killed 72 million people. I hate to tell you Boomers, but putting a yellow ribbon on the back of your $50,000 SUV is not sacrifice.
Our claim to fame is living way beyond our means for the last three decades… Baby Boomers have been occupying the White House for the last sixteen years. The majority of Congress is Baby Boomers. The CEOs and top executives of Wall Street firms are Baby Boomers. The media is dominated by Baby Boom executives and on-air stars. We have no one to blame but ourselves for the current predicament. Blaming Franklin Roosevelt or Lyndon Johnson for our dire situation is a cop out. Baby Boomers had the time, power, and ability to change our course. We have chosen to leave the heavy lifting to future generations in order to live the good life today.
Of course, not all Baby Boomers are shallow, greedy, and corrupt. Mostly Boomers with power and wealth fall into this category. There were 76 million Baby Boomers born between 1946 and 1963. They now make up 28% of the U.S. population. Their impact on America is undeniable. The defining events of their generation have been the Kennedy assassination, Vietnam, Kent State, Woodstock, the 1st man on the moon, and now the collapse of our Ponzi scheme financial system. They rebelled against their parents, protested the Vietnam War, and settled down in 2,300 square foot cookie cutter McMansions with perfectly manicured lawns, in mall infested suburbia. They have raised overscheduled spoiled children, moved up the corporate ladder by pushing paper rather than making things, lived above their means in order to keep up with their neighbors, bought whatever they wanted using debt, and never worried about the future. Over optimism, unrealistic assumptions, selfishness and conspicuous consumption have been their defining characteristics.
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Early in the 1st Reagan administration, Americans saved 12% of their income and household debt as a percentage of GDP was 63%. In 1980, the oldest Baby Boomers turned 34. They entered their prime earnings and spending years. This is when something went haywire with our great country. Deficit spending became fashionable for government, corporations and individuals. Dick “deficits don’t matter” Cheney was probably in his glory as the country ran up deficits of money, morals, and brains. The Boomers and our government chose to try and borrow and spend their way to prosperity. As we now know, Mr. Cheney’s advice about deficits not mattering was about as good as his belief that you can fire a shotgun in any direction without implications. The Boomer generation has freely made choices over the last quarter century that has brought us to the brink of a second Great Depression.
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What the data proves is that Boomers love to shop and eat, whether they have the money or not. The top 100 retailers in the U.S. have 250,000 stores that generated $1.7 trillion of sales last year. How could America function without 31,000 McDonalds, 35,000 KFCs, Taco Bells, & Pizza Huts, 15,000 Starbucks, 7,000 Wal-Marts, 2,000 Home Depots, 4,000 K-Marts/Sears, and 8,000 Blockbusters? There are 91,000 shopping centers in the United States. The Advertising industry spends $275 billion per year to convince you to spend money you don’t have for things you don’t need. This generation lacks self control, morals, a work ethic, and savings ethic. Based on the recent actions of our government and corporate leaders, we seem to lack any ethics at all. It is immoral for the Boomer generation to run up $53 trillion in unfunded future liabilities in Social Security, Medicare and Medicaid to leave as our gift to future generations, while we live it up today. Optimists like to point out that Europe and Japan have much worse unfunded liability problems than the U.S. That is like taking pride in being the best looking horse at the glue factory. In the end, we’ll all still be glue.
The 25 year Boomer borrowing and spending binge is coming to an end. The hangover will be really bad. The Federal Reserve and Treasury are trying to keep the frat party going, but everyone is passed out on the floor.
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(excerpts) The Shallowest Generation - Seeking Alpha Share this:
Can you give the cliff notes version next time? I have no clue of what you're talking about and I'm not going to read through a thousand words of rambling to figure it out.
The Greatest Generation also gave us lots of evil including the internment of Japanese Americans and segregation.
The internment was backed by SCOTUS and frankly I'm not convinced it was inappropriate especially for Japanese Americans along the coast. I doubt if Japan successfully invaded California that most Japanese Americans would willingly share the same fate that awaited non-Japanese Americans in California.
The community was on average only one generation removed from Japan.
As for segregation that started before the greatest generation and in fact they ended it. It was after all the injustices faced by returning Black WW2 vets that helped to spur the movement.
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True. Our nanny state has made us totally irresponsible as a nation. Thank you FDR for setting us on this path.
FDR definitely gets the blame but the pivotal social change occurred in the 60s driven by baby boomers.
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Not true. Being shallow or corrupt has nothing to do with wealth.
Sorry to disappoint you but a 2300 sq ft house is not even close to a McMansion.
True for some people, but that is a childish stereotype. Millions of us do NOT fit this description.
So were Bush's and Clinton's. It's not a left right thing. Romney, Cain, Palin, Pelosi, Hillary, they are ALL THE SAME! From the same stupid, greedy, war mongering generation. Why do you think the average age of the OWS protester is 20 something.
The only baby boomer I respect is Ron Paul. He's a lone voice in a generation of idiocracy.
Ron Paul is NOT a boomer.
Nancy Pelosi is NOT a boomer.
Boomers were born between 1946-1964.
The oldest boomer is just turning 65 this year.
Maybe your gripe is against the Silent Generation ?
The internment was backed by SCOTUS and frankly I'm not convinced it was inappropriate especially for Japanese Americans along the coast. I doubt if Japan successfully invaded California that most Japanese Americans would willingly share the same fate that awaited non-Japanese Americans in California.
The community was on average only one generation removed from Japan.
Oh, hell! There were plenty of people in my hometown who were born in Italy, mostly people who were parents of The Greatest Generation.. Their GG kids enlisted in the US armed forces. Many Japanese were also loyal Americans.
Last edited by Katarina Witt; 11-02-2011 at 06:54 PM..
Reason: got the wrong generation
It seems every generation is pissed at the previous generation for one thing or another.
Crying about it won't do a damn thing for you to live your life.
Sorry you won't have the same life as many of the boomers so you'll need to pull yourself up by the bootstraps and make your own.
Exactly. Just wait another 30 years or so to hear what your generation did to ruin your childrens' world.
The more things change, the more they stay the same.
Exactly. Just wait another 30 years or so to hear what your generation did to ruin your childrens' world.
The more things change, the more they stay the same.
True, but things ARE far worse than they have been since the Great Depression, and the future will be worse still. We are on the wrong track as a nation and as an economy, and until we STOP charging ahead doing the same irresponsible things, our quality of life will continue to decline as a nation.
Just because "life isn't fair" doesn't mean we shouldn't try to identify and fix unfair things that we have control over.
Just because "life isn't fair" doesn't mean we shouldn't try to identify and fix unfair things that we have control over.
Right. So work on making things better. Ranting and being bitter about a group of people isn't going to do diddly, whether the perception that they're all to blame is right or not.
True, but things ARE far worse than they have been since the Great Depression, and the future will be worse still. We are on the wrong track as a nation and as an economy, and until we STOP charging ahead doing the same irresponsible things, our quality of life will continue to decline as a nation.
Just because "life isn't fair" doesn't mean we shouldn't try to identify and fix unfair things that we have control over.
Don't you think the children of the Great Depression (Silent Generation) blamed their parents for the exact same thing ? Were their lives better than their parents ?
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