NYT
Young graduates are in debt, out of work and on their parents’ couches. People in their 30s and 40s can’t afford to buy homes or have children. Retirees are earning near-zero interest on their savings.
In the current listless economy, every generation has a claim to having been most injured. But the Labor Department’s latest jobs snapshot and other recent data reports present a strong case for crowning baby boomers as the greatest victims of the recession and its grim aftermath.
These Americans in their 50s and early 60s — those near retirement age who do not yet have access to Medicare and Social Security — have lost the most earnings power of any age group, with their household incomes 10 percent below what they made when the recovery began three years ago, according to Sentier Research, a data analysis company.
While all this is going on, Obama is telling these same people how great this economy is doing. Years ago Obama would have been labeled as a snake oil salesman, today we just call them liars and con men. How many generations of unborn Americans has this government bankrupted and stolen their futures. This country would be better off if Obama would get his head out of the clouds and his feet back on the ground.
He’s promising to help future generations by keeping his head in the clouds. During his inaugural speech he promised to refocus on climate change to ensure a brighter future for our children and grandchildren.