I recently completed work on chapter 5 of The Candy Store Generation, which is titled, “Boomer Corporations”. Here are a couple of paragraphs from it.
What could we expect from a bunch of Boomer corporate officers? Let’s see: We’ve said that Boomers are the first of the instant generations. In Congress they don’t seem to be able to manage money. They were the first generation to grow up on debt and it doesn’t seem to bother them in the least. They would have seen moderate use of debt by the Greats and the Silents, and would have little history or understanding of both the good and bad sides of debt. They would have to learn for themselves.
As an instant generation, the Boomers would be want quick solutions to problems as they developed. They had watched thousands of murders on television, with the guilty being found and punished within 60 minutes (less commercial time). They had watched thousands of relationships damaged and repaired in 30 minutes (less commercial time). So when confronted with a massive problem of corporate loss of liquidity and ability to extend their debt, they wanted an instant solution. The result was an appeal to the government by a bunch of Candy Store corporate executives. And who was in charge of the government? The Candy Store Generation.
Well, I obviously need to learn more about how to post properly on my own blog. Can’t seem to make the text move down so that the opening quotation marks clear the drop capital. Also, last night after I posted this and scheduled it for publishing this morning, I decided to add a second paragraph. I’m not sure why that second paragraph didn’t show, and I don’t have it here at work to add. I’ll do it tonight when I get home.