The headline in Salon reads, "Baby Boomers Ruined America: Why Blaming Millennials is Misguided and Annoying." The column by Alexander S. Balkin that follows is no less shy:
From the time the baby boomers took over, the United States has experienced an economic environment plagued with unfounded asset and real-estate bubbles and collapses. The bubbles were caused by blind greed on the part of investors, and a blind eye on the part of regulators. The baby boomers forced the financial and banking system out of relative security to high-risk systems.
The perfect example of this was the 2008 collapse of the toxic housing debt market. In government, baby boomers ballooned the defense budget beyond the point of reason. They then raided government programs to pay for their mistakes...
You get the gist. Now, back when this boomer was starting as a journalist, there were these creatures called editors. If one existed today, she might point out to Mr. Balkin that the granddaddy of financial bubbles was Alan Greenspan, born 1926. Blinding and rolling back regulators was among the many anti-middle-class goals of the Powell Memorandum, written in 1971 by future Supreme Court Justice Lewis Powell, b. 1907, and carried into the public square with such success by Ronald Reagan, b. 1911.
Dick Cheney (b. 1941) and Donald Rumsfeld (b. 1932) led the "balloon(ing) of the defense budget beyond the point of reason" (An editor would also help the writer avoid cliches). Among those in politics and media who robustly supported both unfortunate turns are Rep. Paul Ryan (b. 1970), Sen. Ted Cruz (b. 1970), Michelle Malkin (b. 1970), and Jonah Goldberg (b. 1969). The algorithms that helped bring on the Great Recession and now cheat average investors in the stock market likely were written by X-ers or millennials.