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Blame Wall Street, Not Boomers

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Blame Wall Street, Not Boomers

Post by Guest on Sun Oct 09, 2011 7:39 am

Dial back three decades and America's economy and preeminence seem far more precarious than what we believe it to be today.

Home mortgages hit a high of 18 percent and inflation spiked at nearly 15 percent, eating away at our flattening wages month after relentless month. In 1982 and 1983, unemployment stood at over 10 percent for almost a year. In the late Seventies, gas prices skyrocketed as OPEC held our economy hostage to its production quotas; Americans hoarded gas, unheard of in a time of peace, and idled in line for hours just to fill their tank.

The only major riot of 1979 took place not in an inner city but in the suburban heart of the American Dream, in Levittown, Pennsylvania, where truckers and just plain middle-class Americans torched gas stations and hundreds were sent to jail. Nine states called out the National Guard to quell gas violence. Americans joked at the time that they better take their vacations close to home because there might not be enough gas to get back.

http://www.huffingtonpost.com/leonard-steinhorn/baby-boomers-recession_b_998326.html?ref=unemployment

Guest
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Re: Blame Wall Street, Not Boomers

Post by Guest on Sun Oct 09, 2011 8:40 am

When you think about the argument, the boomers are responsible, just think about it. Yes, we've been found out, we all saved little, and caused the financial collapse of the nation, not to mention the world. Aren't we just the powerful bunch. And, now that we've successfully done it, we, the unemployed, the 99ers and the underemployed, not to mention those still thankfully employed are just living the life of the Rich and Famous, please read between the lines to hear my sarcasm and disgust.

We know what and how it was caused, we know who was responsible, now let's just fix it, which can be done, we just have to roll up our sleeves and do it. From high on Capital Hill to the debate forums, stop the accusations and the blame. If we fix it, we all benefit, it really is that simple.

There is a warning to be had for all still employed, still solvent in the markets and the banks, if it happens again, who will you blame, the above mentioned unemployed, 99ers, underemployed and those still employed but just making it are not heavily invested in banks for the markets, you are, so read between the lines, heed the warnings you so callously throw around at the unemployed and 99ers and wake up, you could and will be next if we head into another recession. Shall we start publishing articles about it being your fault? Waste of time. Fix the problem before it happens, proactive not reactive, right. Oh, and by the way, if you need advice on how to handle life after another crash, there are millions of us who can help you, on ideas of how to live on $120/mo and Food Stamps (unless you vote to get rid of them, careful now), how to update your resumes, how to live in the basement of your relatives house, how to survive daily when people treat you like a stray dog, WE, THE UNEMPLOYED AND UNDEREMPLOYED AND BARELY EMPLOYED AND SURVIVING, can help. Just give us a buzz.

Do you think the Huffington Post will print this???

Guest
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Re: Blame Wall Street, Not Boomers

Post by TR11005 on Sun Oct 09, 2011 11:05 am

The Boomers have only one thing to be blamed for. Letting the 1%, Wall Street Bankers and George Bush get away with this inequality for so long.

TR11005
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Re: Blame Wall Street, Not Boomers

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