The Greediest Generation?

Indiana Gov. Mitch Daniels. photo by Alan Petersime/The Indianapolis Star.


Commencement speeches by leading boomers were heavy on generational mea culpas, the Wall Street Journal reports in, "Boomers to This Year's Grads: We Are Really, Really Sorry."

Encore Question: Have boomers changed the world for the better, or the worse?

Among the graduation-day quotes:

  • Indiana Gov. Mitch Daniels, 60, said at Butler University that boomers have been "self-absorbed, self-indulgent and all too often just plain selfish."
  • New York Times columnist Thomas Friedman, 55, at Grinnell College, said boomers were "the grasshopper generation, eating through just about everything like hungry locusts."
  • Sen. Michael Bennett of Colorado, 44, said at Colorado College, "We have limited the potential of future generations by burdening them with our poor choices and our unwillingness to make tough ones."
  • CBS "60 Minutes" correspondent Scott Pelley, 51, at Texas Tech University, said, "I know you're looking up here at my generation and you're thinking, 'Great, thanks, just when it was our turn, you broke it."
  • Documentary filmmaker Ken Burns, who spoke at Boston College said in an interview that boomers' tragedy was to "squander the legacy handed to them by the generation from World War II."




Encore Question: Have boomers changed the world for the better, or the worse?

Boomer Status

I read the WJS column and some of the comments and I strongly hold that the first writer on the list (William Junga ) was right on the money. Not all boomers are guilty as charged. Public apologies like the one by Mitch Daniels come across more as one's personal need to appease ones own guilt than have anything of real substance. Granted many of that generation sold out to the money crowd and allowed greed to motivate all their work. All one needs to do is look at the previous administration where greed and power hunger controlled the entire agenda for eight years. ON THE OTHER HAND, many many of us chose a path geared to making the land a better place and after all these some forty years ( since I left the Rutgers campus ) many many of us are still trying. One cannot, in all honesty, loose sight of so much good that has been done and so many serious contributions to community. Domestic violence shelters, schools for the children of poverty, medical advances, Head Start and like programs, Habitat for Humanity and the like, Food Banks and do not forget those advocates who continue to badger legislative bodies for a quality of life for those who cannot fend for themselves. Yes, there are those who don't care and those who's only agenda is their bank account BUT PLEASE do not denigrate, dilute or short change the efforts of the so many who really did, really do and continue to really care.

We've done both - but there is still time

Look, there is no question the boomers are a self-indulgent lot. But guess what, so are the folks born between 1964 and 1984 who are now between 25 and 45. They they are part of the PTA, they vote and they were living beyond their means just as the boomers did. The problem isn't just with the boomers it is with our narcissistic society. As a society haven't had a common cause to rally together about.

However, the game isn't over and there is still time. I am confident, that Americans are good and honorable people and we will do what is right for our sons and daughters and their children. We know this country is a mess and it is time to fix it.

So, lets get on with it, lets make our forefathers proud.

GDP

Usually old generation won't understand the young and vice versa. It is called generation gap. usually, conflict between beliefs is the main reason. But on my opinion, Boomers today is not really selfish, self-absorbed or self-indulgent. I think, they are just enjoying exploring new things. They enjoy indulging themselves in different fields like business and economy. GDP is one of those things that they are having fun engaging themselves. The GDP is a term that gets tossed around in business and economy columns across the globe and some people wonder just what it is. GDP, or Gross Domestic Product, is an economic measurement of all goods and services produced by an area (usually a country), and most GDP measurements by country have fallen over the last year, as the monthly budget for many families takes a cut or two and a lot of people look to short term loans to help out with bill payment if they come up short. Ben Bernanke, Federal Reserve chair, has said that the U.S. GDP is lower than expected, and the installment loans the taxpayers are paying for haven't bumped the GDP up very far.