Originally Posted by jimmac
I hate to remind you but that was just the initial reaction. You've gotten plenty of counter arguments since and you know it!
That was your intial post. Frank noted the article didn't have the word boomer.
Artman called it a good rant.
Addabox claimed you can't really define a generation and that it was just prejudice.
Then you and Art had a side conversation about Boomers and dumb versus smart Boomers and if the tail end is really boomers.
Eventually you settled into some strange bit or reasoning that I am trying to really take the last 8 years and blame it on a generation. There wasn't any proof of this and again none of my links mention Bush, try to justify his presidency, discuss the election, etc. You just toss out stuff like this as a "counter-argument."
I called Trumptman to tell him the election's over. His guys lost. He just doesn't seem to get it.
The argument is that "I don't get it." No links, no facts, no points, nothing.
From the first link.....
Here's the best part. Apparently, we can pay for it all by printing money. This has been a no-no ever since Fed Chairman Paul Volcker slew the inflation dragon almost three decades ago. But now it seems the risk is deflation, not inflation, so running up a tab and printing money to pay for it is a good thing. After all, Volcker is back, heading Obama's emergency economic council. If Volcker says it's O.K., that's good enough for me. So is there a downside at all, or is this medicine so delicious that you look forward to getting sick?
The link is from Time doesn't even mention Bush. It mentions the incredibly huge amount of spending waiting for the Obama pen and notes how we are going to pay for it. It notes, as is typical for Boomers every time they touch something, that it appears contrary to what is right. As is always the case with them though, it doesn't count for them. The kids won't be hurt by the divorce because it will be quality time instead of quantity time. Let's "save" an extra trillion for retirement via Social Security, spend it and leave promise notes in the bank, and then promise ourselves $50 trillion in benefits because that is what is good and right! The stock market can go up forever because of the internet baby! Housing never loses value, just refinance those granite counter-tops into the mortgage. Now we have, printing money doesn't cause inflation, it fights it!
In the end, we will have massive inflation. That is what printing money does and Bush being elected nor Obama being elected, nor anyone in particular being elected will change that fact. The only fact that we can hope to change is the belief Boomers have that they are above the rules. They have spent their entire lives thinking that because they have good social intentions, that the financial rules will change for them. They don't.
I say this as someone who had to wrestle personally with such a thing within my own generation. My wife and I are both college educated, professionals who earn a fair dime between my salary and investments and earn way too much when she choose to work as well. According to all the "old rules" our kids were set and would have every opportunity they cared to exploit.
Only living in So Cal, I could see there is a rule that is deeper there that is being ignored or people think certain things allow it to be ignored. The rule is demography is destiny. Those having the kids will make the rules about the future. I could scream that this is America, that it only ought to be about English. My kids shouldn't have to bend to people breaking the law, whatever. They will have enough opportunities to get by and ought to just with English, etc.
In reality though, demography is destiny and my belief is you ignore it at your peril. Education, money, being profoundly advanced or proficient in the one language that is dominant at the time, none of those matter when compared to that rule. Will it be the blind spot of my generation remains to be seen. My kids in the meantime are learning Spanish and come January, so am I (again).