Posted on 02/24/2010 2:05:07 AM PST by Suvroc10
The Generation Zero Documentary—first previewed at the Tea Party Convention and CPAC—on Hannity last night confirmed that liberalism and the Baby Boomer generation were indeed the cause of the US financial meltdown, not to mention the worst recession since the Depression in the US. The brainchild of Steve Bannon and Dave Bossie, Generation Zero wasn't screened in its entirety on Hannity, but was broken down into several segments which were then analyzed in specific detail by Hannity and its creators. A pejorative reference to the Baby Boomer Generation that came of age in the drug-fueled and "If it feels good, do it" 60s, Generation Zero persuasively connects the dots between a dilapidation of both social and cultural values in the US that ultimately paved the way for the financial meltdown of 2008 and beyond.
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Disagree, it was not high tax rates that made higher returning investments more attractive, it was good old fashioned avarice.
Which is one of the reasons people invest, they want higher returns, nothing wrong with that, however the documentary did point out that the means for those higher returns entailed risks that a generation ago would not have been taken as the Brokers were personally responsible if they went bad.
Now “We the People” have the spectacle of tax monies bailing out companies that produced massive profits for investors and employees, basically profits being privately accumulated and losses being foisted on the public.
I guess that depends what part of the country you live in. Most of the hippy types migrated to the West Coast.
We bailed out Chrysler, which should of gone bankrupt, which would of strengthens Ford and GM. Heck this is the second time Chrysler. It is like a dead limb of the domestic automotive market.
We bailed out Contental Illonios. We bailed out the Savings and Loan banks, 700+ of them, and charged 1,000 executives.
We are a welfare/socialist state. You just have to have political pull, money or votes.
I didn’t make the ‘rules’
I don’t see any change coming. I doubt a near trillion dollars TARP, we will see five arrests.
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Here is a fact of rates of returns. If an economy is growing at, say, five percent. There isn’t room for every one to get seven percent. If some guys are getting ten percent, then some got to get two percent, to over all get the five percent growth rate.
I have been reading cons( I love a good con) and other scams for thirty years. I saw this housing collapse coming ten years ago. I didn’t know when, but I knew it was insane.
Next wave? State financial collapse. We don’t have, any way near, to pay obligations. Not Social Security, Medicare, pensions. We are in for a real beating.
There was a lot of proto socialism in the US beginning right with the Plymouth Plantation. ( Lasting one winter whereupon the order was given, ‘No work, no food’ ).
Where it got sick in the US was the Progressive and Good Government movement around the 1880’s. Theodor Roosevelt campaigned on the ‘Square Deal’ and a chicken in every pot. Wilson was very lefty.
I was not alone! All of my close friends and a significant %age of peers were Conservatives. Sadly, many were just clueless. The problems were the few damned socialist teachers in social studies, history and civics who were college grads of the late '30s Communist era in universities.
Bottom line..... Anyone who blames the 'boomers' for everything has their head up their butt. I can also tell you that there were a goodly number of the "greatest generation" who were quite anxious to eventually get their full S.S. benefits when due and were utterly clueless about the Ponzi aspect so long as they collected fully. Most of them were clueless Democrats who thought FDR was a demi-god. I got into many heated discussions with them about that robber baron idol of theirs, FDR. Please remember that we 'boomers' couldn't vote until we were 21.
Nam Vet
You tell them. I am a boomer too. Born in the midwest, small town high school, and conservative values. We thought hippies and flower children were awful, and we did not want any one bringing any dope to our school either.
The media always portrays the 60’s as if everyone was some kind of flower child dope head. It all started on the coasts. Get kinda tired of being incorrectly portrayed as some sort of monolithic generation.
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