Generation Zero Documentary on Hannity Says Liberalism and Baby Boomers Are Cause of US Financial Meltdown

The Generation Zero Documentary-first previewed at the Tea Party Convention and CPAC-on Hannity last night confirmed that liberalism and the Baby Boomer generation were indeed the cause of the US financial meltdown, not to mention the worst recession since the Depression in the US. The brainchild of Steve Bannon and Dave Bossie, Generation Zero wasn't screened in its entirety on Hannity, but was broken down into several segments which were then analyzed in specific detail by Hannity and its creators. A pejorative reference to the Baby Boomer Generation that came of age in the drug-fueled and "If it feels good, do it" 60s, Generation Zero persuasively connects the dots between a dilapidation of both social and cultural values in the US that ultimately paved the way for the financial meltdown of 2008 and beyond.

Segment 1 fundamentally lays out exactly the origins of Generation Zero. According to Bannon and Bossie, Generation Zero, the aforementioned Baby Boomers, benefited incomparably from their parents' generation, the so-called "Greatest Generation" which fought and won World War II and struggled through the Great Depression, too. The benefits the Baby Boomers inherited emerged primarily from their overly doting mothers primarily for this reason. Growing up through the Depression as well as World War II, a significant amount of young, American women witnessed their uncles, brothers, and fathers (basically, their closest male relations) die and get tortured in World War II. Now, after the war, these same women were traumatized enough that they vowed to themselves that they'd do all in their power to ensure their kids never endured anything close to these horrors. However, since the road to Hell is often paved with good intentions, from these intentions to give their kids a great life, these young women actually overly spoiled them-giving them anything they demanded and failing to teach them personal responsibility or hard work. This led to Generation Zero (the Boomers) who would have no concept of responsibility or discipline at all, thereby leading to the financial collapse in 2008.

Segment 2 then delves into the rather frightening mentality of the Baby Boomer generation with regards to what occurred on Wall Street when they took over the big banks throughout the 90s. Remember, according to Generation Zero, Baby Boomers-thanks to their overly doting and indulgent parents-never grew up with an understanding of responsibility or discipline, so when they took over Wall Street as the Depression-era generation began retiring in the 90s, they instituted some cataclysmic changes. The worst one of all revolved around the concept of "shared risk." If anyone remembers the heady heyday of Wall Street in the 90s, you'll recall that it was characterized by a gangbusters sense of euphoria, a belief that stocks could only go up. What contributed to this was many banks/investment houses going public via IPOs. Herein lied the ordeal. Before such IPOs, many banks/investment houses were run as partnerships, meaning, very importantly, that "shared risk" applied. This meant that officers running said banks were less likely to either steal or do any kind of malfeasance that would see the bank explode because they would be on the hook if that occurred. Not only that, but all their partners would have to pay back all the losses, too! This meant that before the 90s "irrational exuberance" of many companies going public, there used to be a lot of discipline on Wall Street, which is why the banks weren't imploding like they finally did during the 2000s. It was the Baby Boomers, for all intents and purposes, who came in during the 90s and changed this culture that set the stage for the financial implosion of the late 2000s.

Segment 3 analyzes the US trade deficit and its impending doom for the US economy if it's not turned around pronto. Essentially, the trade deficit is as terrifying as it is because of the twisted priorities of lawmakers and the president to lobbyists instead of the average, US worker. Further, bad deals are blamed as a huge culprit behind these trade deficits, such as deals with China, for one. The trade deficit, of course, is caused by a shedding of manufacturing jobs in the US, which is the industrial base. Without that, the US has had to import more from non-allies like China, a primary reason for the trade deficit. Interestingly, the conclusion reached is that well-connected sectors of the US economy like Hollywood and Silicon Valley-both very heavy Democrat-voting systems-have done well because of all their lobbyists going to Washington.

Segment 4 takes aim squarely at Obama and his merciless running up of the US deficit even when the country is practically broke! A staggering statistic is unfurled also: If one totals the amount of money the US has promised, by way of entitlement programs and the like, to the younger generation through to the older generation in terms of Social Security, for instance, those promises total an insane, mind-blowing amount of $100 trillion (I don't even think you can write that number out without using exponents; it's so large!). However, the total national wealth of the US is only $50 trillion! The creators of the documentary, Bannon and Bossie, fascinatingly remind the audience that the worst "entitlement" program in the country isn't your usual suspect of Social Security or Medicare. Rather, it's Obama's relentlessly uncontrollable federal spending, which, ironically, has unleashed the backlash of the Tea Parties as a long-overdue counteraction.

Segment 5 sounds a proverbial clarion call for personal accountability, centering on the simplest of words...NO! As in no more deficit-spending, no more printing money you don't have, and no more bailouts, for starters. Unfortunately, the analysis falls on an all-true aspect of modern society, that aspect being that the values of the US have changed for the worse. Instead of tightening belts in a recession, the values as identified, say, by Obama and the leadership in the US to supposedly reverse the financial meltdown are actually to mortgage the future of the country and the kids! The blame, unsurprisingly and keeping with the theme of the documentary, falls on the Boomers due to the narcissism of the 60s.

Segment 6 focuses on more optimistic pursuits as it actively looks to the future regarding what the US can do to turn its fiscal house around. According to the analysis, the best hope the country has is to utterly ditch Obama and his policies courtesy of a "new class" or breed of leadership and politician that is inspired by the spirit of the Tea Party protests. These are 50s-type values espousing hard work, self-reliance and a demand that the government stay the hell out of people's right to self-determination.

To send Marc questions, praise or criticism, you can email him at marc_schenker@telus.net

More Reading: Bill Nye Clobbered in Debate over Global Warming, Michelle Obama raises fears about "Food Deserts," But doesn't know How to Define Them, Lautenberg Hypocrisy: Ambulance that took him to NY after fall not allowed to under Obamacare he voted for

Sources:

Baby Boom Generation, Wikipedia

Greatest Generation, Wikipedia

Barry Ritzholz, Causes of the 2008 Financial Collapse, Ritzholz.com

benhess, Hannity Special "Generation Zero" Part 1, YouTube

benhess, Hannity Special "Generation Zero" Part 2, YouTube

benhess, Hannity Special "Generation Zero" Part 3, YouTube

benhess, Hannity Special "Generation Zero" Part 4, YouTube

benhess, Hannity Special "Generation Zero" Part 5, YouTube

benhess, Hannity Special "Generation Zero" Part 6, YouTube