Gazette Gets Serious

What I have seen through the recession is this, I know my parents and the parents of my peers of the same socioeconomic class lost money in some way in the stock, bond, and free markets through loss of business, but I personally don’t know anyone who has lost a job. I hear and read of unfortunate cases of foreclosures on families whose husband has been spending the better part of the last two years submitting one application after another, and if one is accepted, it is often for a job they are overqualified, one that doesn’t earn the means necessary to support their pre-recession lifestyle, let alone one that supports a family.

In my immediate situation what was lost due to unethical lenders and banker, and greedy gamblers in our free market is my future security and investment opportunities. The money held in various stocks, bonds, and mutual funds that (for example was intended for law school) have been significantly diminished and the same goes for what would have been made available after my parents passing, I don't intend to sound insensitive, just realistic.

Keeping in line with that same thought and my potential and future holdings, let us consider our stimulus legislation. And by “our,” I mean myself and cohorts, the echo of the baby boomer generation; our country will default without us paying for it through higher taxes in the not-so-distant future. It will be our incomes that are to take the hit when we out there in the workforce. Since I brought up our generation, the offspring of the baby boomers, there are tons of us. Here is why, the baby boomer cohort is massive, hence the name associated with the generation. Back in the ‘60s new schools had to be built just to accommodate all of the children being produced in the years after WWII. Since our parent’s generation is a huge cohort, their procreation turned out a mammoth generation.

With huge amounts of unemployment, huge amounts of grads looking for jobs, and huge amounts of Federal debt, things out there in the “real world” are more competitive than ever. Never has it been more important to cut the bullshit and get serious about improving ourselves so we can find a place in the opportunity deprived work environment in which we are to enter. My advice is this, work hard echo boomers and set yourselves apart so you can afford to pay off what I like to call the “boomer bailout,” as it is in large part a fruitless program that has placed a great burden on my echo boomer brethren and me.