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« FH Boom Daily Digest - Feb. 2, 2009 | Main | FH Boom Daily Digest - Feb. 3, 2009 »

Bailing Out of the Bailout

2008 was a blast. There was the little implosion of our financial system and auto industry. We got to watch our hard won and well matched 401K dollars swirl neatly down the drain as our tax dollars ballooned into majestic golden parachutes for some of the most scrupulous leaders around. And to cap off the year, we had the distinct pleasure of seeing slow motion replays of our President dodging one ticked off Iraqi’s leathery shoe, twice (freedom is messy).

For the rest of today’s blog, continue at the Boomer Blog

So where does this leave us? Well for boomers, get ready for your third-ager careers because chances are, many of you will now have them. For Gen Xers, you may seriously want to consider stuffing money under your mattress and/or buying a gun. The truth is we don't know if we've reached the bottom of this abyss or not.

What we do know is that--to use a popular PR term--we have been "leveraged" to the hilt and it’s time to recalibrate. And perhaps that is not such a bad thing. The average American carries about $9,000 in debt, weighs 17 pounds more than “ideal” according to a Gallup poll, and is on an antidepressant of some sort. While we remain a vibrant, diverse and gorgeous nation, there seems to be a price.

On the flip side—hurray, hurray, hurray to the boomers, who ignited a movement that has resulted in our first African American U.S. President, Barack Obama. Sweet progress indeed.

May 2009 bring us onto better shores, where we resolve to unearth what truly matters, and leave the rest behind.

Amanda Sobanet

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Comments (1)

Please do not take this wrong and our nation certainly needs something that is going to take a while to correct. I don't think it was a movement by the boomers that put Barack Obama in as president. I, as a boomer, would not want to take credit for that.

I think it was, as it always seems to be, the money. Money from Oprah, money from Spielberg, money from other liberal donors and possibly some Muslim nations(?). (His first official act - close Guantánamo Bay) He simply out spent his opponents.

After all money got O J off and money practically relieved Ted Kennedy of all responsibility after Chappaquiddick.

But you know, after I think about it, I guess Oprah and Spielberg are boomers. Sad!

George Hollis

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