A friend just sent me the article linked below. My friend commented that he found himself agreeing with most of what was written. I’m in the process of responding, basically saying it appears the guy’s a mouthpiece for the status quo, trying to make Boomers feel guilty instead of waking up and revolting against the Fed et al. Boomers are mostly guilty of being stupid, but it’s not too late to change. I’m interested to know what any Tenters think about it.
THE SHALLOWEST GENERATION
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, to the point where we have virtually bankrupted our capitalist system. 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.
http://www.ritholtz.com/blog/2008/11/the-shallowest-generation/
PS there are a lot of good stats in the article.