Boomers Destroyed the Economy

NOTE! If you enjoy this post, please feel free to twitter it with the tinylink http://tinyurl.com/n4gw29. Thanks, I appreciate it!

This was reported on the CNN show Your Money. According to some money gurus the economic collapse we are experiencing was caused by us boomers.

Apparently the thriving economy we were experiencing prior to last November was driven largely by boomers pursuing an extravagant lifestyle. Something happened last fall that made us stop being so profligate and we began being careful with our money. Maybe we all forgot to put on our tinfoil hats one day and the mother ship reprogrammed us all. At any rate and whatever the reason, our sudden caution in money matters is what really sank the economy. All over the world. That talk about toxic assets and other cool swindles was just a smoke screen.

This is a real switch, isn’t it? For years we’ve been warned that it was our out of control spending that was causing all the problems. Remember when economists were expressing grave concerns about the perils of an overheated economy and blaming it on us? Some talking heads at that time sounded positively gleeful as they told us how bad we were going to be hit when we got our reality check.

C’mon guys, you can’t have it both ways. It seems to me that our generation is doomed to being the whipping boy for all societies woes until we’ve all been planted. After that they’ll probably say the world would have been a much better place if we hadn’t screwed it up.

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何の花に例え: それはまぼろしじゃないなら 07/10/09 01:53pm
: Or This One? http://twitpic.com/9vy01 07/10/09 01:53pm
en: RT @APStylebook: "Hopefully" means in a hopeful manner. Do not use it to mean it is hoped, let us hope or we hope. 07/10/09 01:53pm
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: 07/10/09 01:52pm
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en: Forex Trading In A Nutshell: Forex or FX is short for foreign exchange or foreign exchange market. This is the b.. http://shortna.me/0bfed 07/10/09 01:52pm
en: @MzWordizBond ANYTIME WITH THE LOVE BABES HOPE YOUR DOING BETTER TODAY OR I WILL HAVE TO BEAT SOMEONE FOR YOU! 07/10/09 01:52pm
en: I've decided to boycott the scifi channel or as they want to be called the "syfy" channel. The name change itself comes off as an obvious 07/10/09 01:52pm
en: @ashleymajher we seriosly need to go to lunch or something! You, me, and Ashley:) 07/10/09 01:52pm
en: We don't want a bunch of kids named Lunchbox or ESPN running around 07/10/09 01:52pm
en: Going to the hairdresser. I want to cut it all of or something... or maybe not 07/10/09 01:52pm
: It totally looks like the ... 07/10/09 01:52pm
en: @Jennimal Excellent. We shall use it to take over the world. Or maybe just the outskirts of London... 07/08/09 11:15am
en: @PaddyMcRandall Try not labelling it and just either wtching, because it is interesting - or not watching ,because you don't think it is :) 07/08/09 11:15am
en: @AmeliaCarey You have one or two virus ones though. 07/08/09 11:15am
en: @quartetmusic Very cool! Is it in St. Louis, or would it be another relocation? 07/08/09 11:15am
en: be back in 20 or so #truths 07/08/09 11:15am
en: I just got given some money to buy some gear with. Vintage guitar or effects? 07/08/09 11:15am
en: @johannchiang or... debatable that 1) you were spamming 2) you accidentally stole content from others and published it as yours 07/08/09 11:15am
en: damn it lah... msn is being a bitch... or is it coz of the sch's network... 07/08/09 11:15am
en: Honesty Is The Best Policy For Getting Your Insurance Quote: Several hours can be spent over the phone or online.. http://trim.li/nk/5Gi 07/08/09 11:15am
en: From fedexclaimsoffice@btinternet.com. Is that something I should look into or scoff off. 07/08/09 11:15am
en: @heidiol Yeah, we'll be LAN party to the max extreme. Or something. Also I am your venue manager on Friday night, it seems. 07/08/09 11:15am
en: It is as easy to create a castle as a button. It's just a matter of whether you're focused on a castle or a button. - Abraham-Hicks #fb 07/08/09 11:15am
en: @NiaVardalos http://twitpic.com/9o7cl - That looks like a fruit bat- or one of those bats that look like foxes...can't remember the name ... 07/08/09 11:15am
en: @weeteck getting quotes. Ndp, MJ, other stories. Need to create a scandal soon so they (or you) will write abt me. Hohoho. 07/08/09 11:15am
pt: @ronaldrios depois de jogar 12 horas direto vc se acustuma. Vai p or mim :D te 07/08/09 11:15am
en: @jonahb Are you an SEO expert or at least an SEO almost-expert? 07/08/09 11:15am
en: is going to decide today if cutting his hair or not.. maybe tonight I will have a new marine-look.. ahahah! 07/08/09 11:15am
en: Tweet or no Tweet? It's a problem!! OK OK TWITT!!! 07/08/09 11:15am
en: OMG-On stimulus-Potus says he got bad information. Did I miss an election or didn't bad information just happen to Bush 43. BAM. 07/08/09 11:15am
en: Standing In the packed train, with nowhere to move or go. Very gracious indeed. 07/08/09 11:15am
en: headen to the farm early today those cows don't milk themselves or do they? 07/08/09 11:15am
en: @myPANTONE stupid question, but how do you pronounce your name? Pant-one or pant-oh-nee? sorry! x 07/08/09 11:15am
en: @AliNigro yeah I really don't care either. Lol. we could go to our usuals (gloucester or queen's) or branch out? you choose, lol. 07/08/09 11:15am
en: All this twit about the new iPhone....should I get one or wait til the next one is released?? 07/08/09 11:15am
en: RT @RichRDelaCruz Please RT New blog post Bam iT oR sLAM it http://www.moneymogel.org 07/08/09 11:15am
en: Has had all her coffee for today - no more. Peppermint Tea or water for this aft! Loads on today - better get to the office then! 07/08/09 11:15am
: http://ncfsp.org/volunteer.html 07/08/09 11:15am
en: listening to Test Match Special. Geoffrey Boycott is moaning about every single thing he can see or hear. awesome. 07/08/09 11:15am
en: @laname I'm sure you don't pale in comparison to his ex.You know you are much sexier in every way or he wouldn't be with you hugs* 07/08/09 11:15am
en: @nathanfogel I extended my contract for another 2 years. I'll mention that in a video about it or blog post. 07/08/09 11:15am
en: i am so tired today. get dressed or go back to bed and stay there all day.. yeah i think bed wins. 07/08/09 11:15am
en: A simple demo of video filtering in HTML5: http://nerget.com/edgeDetection/ requires a firefox or webkit nightly 07/08/09 11:15am
en: @EatingCrispix sucks to be you! Are you sleeping or gaming?? 07/08/09 11:15am
: I'd love to connect with you on Facebook | Linked In or Twi.. http://tinyurl.com/mctq9v 07/08/09 11:15am
en: To participate in #WiggleWednesday, nominate any Twitter folk who focuses on kids or kid issues & post about how they do a good job! 07/08/09 11:15am
en: 1982 was it you Bono? that had to do a press conference after clains you son had been kidnapped?i think it was that year hmmm or was it 1984 07/08/09 11:15am
en: @lileandrayu21 DIBA MAMAYANG 12 30 OR 1 AM YUNG MEMORIAL? :O 07/08/09 11:15am
en: I want to try TwitterUber or UberTwitter, idk the exact name. Because Twitterberry is kind of booboo! 07/08/09 11:15am
en: @cogwisewill was it just a shutdown and start back up, or a full wipe then reinstall everything? 07/08/09 11:15am
en: You can't just wear Bonds under an expensive dress. You need Elle Macpherson or Calvin Klein or something. 07/08/09 11:15am
en: could be a big day, or a long one... take your pick... 07/08/09 11:15am
en: Who loves you most ? Your wife or dog? Lock them both in the boot of your car & see which one is happy to see you when you let them out! 07/08/09 11:15am
en: Perhaps his company should have irresponsibly leant money or gambled it away, and the crappy government would have bailed them out 07/08/09 11:15am
en: @VISIONCOMPLEX ya i'm glad to hear ur doin good but anyway we should meet one of these days and get some food or somethin if u want 07/08/09 11:15am
en: well time for bed...i need some sleep before i get woke up by either Repka or my buzzkills....night or morning! 07/08/09 11:15am
en: @doncarey: I'm trying to get a suggestion for a charity or org in Cleveland to donate some season tix to for disadvantaged kids. Any idea? 07/08/09 11:15am
en: Honesty Is The Best Policy For Getting Your Insurance Quote: Several hours can be spent over the phone or online.. http://u.mavrev.com/istr 07/08/09 11:15am
en: phtn product gomathi-on july 8th George of the jungle-terst on 8th of jul.. $ 682. http://localhost/dashgo/p/10 or RT + $buy @baskar_dashgo 07/08/09 11:15am
en: @PaulSherwen do u think Lance + Alberto r able to have synergistic, productive competition, or cooperate, not destructive competition? ... 07/08/09 11:15am
en: Thought of the day 4 CEO/CFO: Do not have the end of your Fiscal Year end when several futures bookings are arriving &/or need 2 be created! 07/08/09 11:15am
en: my puppy should learn to sleep till about 1 or 2, then have his bed time around 6 or 7. to make me happy. instead of from 6 to 930. 07/08/09 11:15am
en: i guesss both ...#gobig or #gohome feast time 07/08/09 11:15am
en: @Schofe Were the chips tasty? Or cold, with your Fern, and Sandy being good actor?? 07/08/09 11:15am
en: wonders if she really heard howling last night in Lake Como or imagined it 07/08/09 11:15am
The w..: Winds are South at 8.1 MPH (7 KT). The pressure is 1017.3 mb and the humidity is 75%. 07/08/09 11:15am
en: Writer's block! Or something like that. Grr. 07/08/09 11:15am
en: Excluding LotR and James Bond, have book to film or film to book creations, been any good? 07/08/09 11:15am
en: Wondering whether chromeos will be hacked to run firefox (or OTHER browsers) and if not does it violate antitrust laws http://tr.im/rn6k 07/08/09 11:15am
en: Track workout at 6am this morning. We start warming up, then by 6:20 we're off doing repeats. Done by 7 or so! 07/08/09 11:15am
en: shit i shd stop spending. thats a lot of S in one sentence. or two. 07/08/09 11:15am
en: Or I'd go to Warped. That would make my life complete! 2 DAYS UNTIL WAKESTOCK!!! :D ^_^ 07/08/09 11:15am
en: By 'eck, if it int @YorkshireTweets following me :) Oreet lads (or lasses). 07/08/09 11:15am
en: Or maybe you are intended to speak only with one person in your whole life. And, to that person, talking to him, you’ll change his(tbc) 07/08/09 11:15am
en: Today is the day I find out if the next stage of mine and Megan's life will be defined by more estrogen or more testosterone. More later. :) 07/08/09 11:14am
en: Perfection of the things in motion is not a theory be established, refuted, or shaken. 07/08/09 11:14am
en: @melattree Now you've got to tell us or the imagination is going to run wild..... 07/08/09 11:14am
en: @kakapojayne Still young, but not a teenager anymore! Still can't decide if I'm happy or sad about that..... 07/08/09 11:14am
en: is it just me or is this Google OS not very impressive. I can't see myself using it. Photoshop/Final Cut Pro on web based linux. 07/08/09 11:14am
en: Enjoyed watching the memorial service of Michael Jackson yesterday... Must admit shedding a tear or two, - but don't tell anyone! ;-) 07/08/09 11:14am
en: @nursekelsey Dinner dates are wonderful :) What nights do you have free next week? Monday or Thursday work for me.... 07/08/09 11:14am
en: @AdorkableGeek Yep, let me know if you got it too - or are they only sending to certain people? I'm so confused/devastated... 07/08/09 11:14am
en: Clothes, then office. Or is it the other way 'round? 07/08/09 11:14am
en: back to bed for an hour or two 07/08/09 11:14am
en: At 12hr 34min & 56sec (July 8) time & date was 12:34:56 07/08/09 OR 1 2 3 4 5 6 7 8 9! 07/08/09 11:14am
en: @didic Open? yes. Free?? Google didn't say it. To the end user, maybe - but there might be licensing or LTS fees for OEMs and large corps. 07/08/09 11:14am
en: @oxfordgirl the sea of green better hurry up. Iran's nukes are soon going to be ready. Israel can't wait for another 3 or 4 years. 07/08/09 11:14am
en: Surprised that there are no British or Italian cities in Monocle's top-25 places to live. The wonderful Zurich tops the list. 07/08/09 11:14am
en: Man, I hate being up this early, no ones even awake & if they are they're either at work, or crazed insomniacs. Greeaaatttt. 07/08/09 11:14am
en: I am the unofficial 3rd man in the booth on ring the bell. Or maybe I'm the official angrymarks canadian coorespondant..I need some coffee 07/08/09 11:14am
en: @Welpje How late doe you wake up? :P goodmorning :P or should I say good afternoon :P 07/08/09 11:14am
en: @joeyjoejo1200 no. You either pay taxes or you don't. There's nothing complex about that at all. 07/08/09 11:14am
en: is it me or do u think AMERIE is such a beautiful woman. plus she has dat very strong voice 2 back her up. U GO GIRL!!! 07/08/09 11:14am
en: @overallbeauty Can you order the Hot Rod collection with other core colors or just the Hot Rod collex? 07/08/09 11:14am
en: i can either stay awake, leave for class in 15 mins, and struggle through. OR lay here, pass out, and feel hungover. DECISIONS! 07/08/09 11:14am
en: Toch even MJ opgezet. Mijn mooiste nummers: 1. Man in the mirror 2. Thriller 3. Liberian Girl 4. Heal the world 5. Black or white. 07/08/09 11:14am
en: Str8 after i go 2 spain im heading off 2 france. If they want me to stay gonna have to pay md more! Or else im going 2 france. 07/08/09 11:14am
en: is it bad that i find peace in the idea that i don't have to forgive someone? or anyone? ever? i find this really comforting. 07/08/09 11:14am
en: @RukiGaruba True dat. I've got curvy thighs and won't go near white, pastel or even brightly coloured jeans. Tres unflattering. 07/08/09 11:14am
en: @jorgepinon Try drying it on a stove/heater element you might have at home for a day/night or so. Miracles happen with that !! 07/08/09 11:14am
en: JUST HAD A BIG BIRD IN MY GREENHOUSE. I AINT SURE WHO WAS MORE SCARED, THE BIRD OR ME.IM SURE IT WAS AFTER MY EYES! 07/08/09 11:14am
en: Making a pie with my girl, who refuses to sleep. She is already going to be up late watching fireworks... this could get ugly (or silly!). 07/08/09 11:14am
en: A devil's advocate question: Watson or Buzek as EP president -- why does it matter? 07/08/09 11:14am
en: Google launching OS for PC - Is this Google's "Netscape moment" (and Sun, Lotus, Borland...) or Microsoft's "IBM moment"? 07/08/09 10:50am
en: What was the first single or album you ever brought? http://tr.im/rmYv 07/08/09 10:50am
en: @SteveMoyes plan of action needed? Or just dive in?! 07/08/09 10:50am
en: No lah! Can't be. Did u update ur version? Now 3.5. Or maybe insufficient RAM?? RT @shaclm cheh!! how come how come?? my version of the fox 07/08/09 10:50am
en: TK&TS debut in less than 2 weeks on 7/14! Pre-order @ Best Buy http://tinyurl.com/nfa33x or grab a signed copy @ http://tinyurl.com/kr6qrg 07/03/09 12:59am
en: Fourth of July holiday! All right - I have time to get my hair cut and clean house...maybe a glass of wine or two along the way... 07/03/09 12:59am
en: @MarcPapers well idk if that is the attraction.especially when it comes to guys, you think they will go to the site or just look at the ass? 07/03/09 12:59am
en: @acj80 yeah that one...I'm saving for that too...we should get tickets together for that or I should join your group 07/03/09 12:59am
en: 12 hour days are not my favorite. I feel weird because I don't know if I'm hungry or not. 07/03/09 12:59am
en: @bridgetmcmanus I thought you didn't like kids O.o Or is this a different kind of mama.. Heh. 07/03/09 12:59am

Posted by: swampy | 06-29-2009 | 10:06 PM
Posted in: Uncategorized

Boomers Destroyed the Economy

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