just boomers, and this is my generalize take on boomers, boomers suck at almost everything except raising kids. they were super good at raising kids. they did not do well in terms of making our economy work for everybody. they did not address climate change when they had the chance. the did a lot for the activism in the '60s and 70s about justice and social justice, and actually those movements were not led by boomers. martin luther king was not obama. gloria steinem was not a boomer. a lot of the things boomers take credit for like peace and love, they didn't start that. they just kind of enjoyed it. [laughing] >> were on c-span right now. [laughing] >> but one thing that boomers really threw themselves wholeheartedly enters raising your kids and the truly intense and sort of intentional way. so that's why, like the word parenting it and even really a thing until the late '80s and '90s. all of this idea, all these ideas about enrichment and your kid has to have piano lessons and they have to -- this number of words before they are three and that you like go through 1000 books or they wil

boomers, and this is my generalized take on boomers, boomers sucked at everything except raising kidsthey were super good at raising kids. boomers did not do well in terms of making our economy work for everybody. they did not address climate change when they had the chance. they did a lot of really important activism in 60's and 70's around racial justice and social justice and actually movements were not led by boomers. martin luther was not a boomer. a lot of the things that boomers take credit for, they didn't start that, they just kind of enjoyed it. [laughter] >> but one thing that boomers really threw themselves lywholeheartedly raising kids ad intense and sort of intentional way and so that's why boomer -- the word parenting didn't even really become a thing until the late 80's and 90's. all of this idea -- all the ideas of enrichment and your kid has to have piano lessons, this number of words before they are 3, be surrounded by a thousand books or they'll y be illiterat, like all of those things were part of the boomer preoccupation with parenting. if you look at the culture

do boomers read this book? >> yeah but i do not think they would. >> you think your subjects have been up forthcoming? >> yeah, i think a a fundamental attitude that i have that maybe boomers do not necessarily have is that this stuff -- this stuff matters. people who are not necessarily already in power still matter in our political system in their story s still matter and someboy like lauren underwood who is a freshman member of congress who is gotten bureaus -- laura underwood had gotten real legislation because she's been a real advocate for black maternal health crisis legislation. but some of the freshman, freshman members of congress do not have attentive their beltents under especially when mitch mcconnell runs the senate. i think a lot of boomers have -- call me when they getal somethig done. which is fair like this still matters because they are stepping up and representative of something bigger even if they don't necessarily have the payoff that one might expect yet. i think a lotne of boomers predt

gloria steinem was not a boomer. a lot of those things that they take credit for, they did not actually start that they enjoyed it. [laughter] but i am on c-span right now. [laughter] but one thing boomers through themselves wholeheartedly into raising their kids and that was intense and that was in the intentional way and that is why the word parenting didn't even become a thing until the late eighties and nineties for call this idea of enrichment and your kids know these words before they are three and read a thousand books are they are illiterate. all of those were part with the boomer education of parenting look at parenthood, three men and a baby, mrs. doubtfire they were really into being parents. and they raise these kids it's why people think of millennial's as snowflakes sometimes because they raised a generation of frankly overprotected over endangered kids this is a. for the first time they were worried about their kids being kidnapped you could not ride your bike down the street because of a stranger dang

we have a lot of baby boomers and visitors in fact free of baby boomers own more than half of all ofstocks in the country. over 25% of all their assets, financial and nonfinancial are tied up in stocks. boomers are in their 50s and 60s and their focus on the stock market like a laserbeam, that's their nest egg. if that nest egg starts to diminish and clearly diminish this week, they're going to respond to that. obviously the virus goes away, the stock market rebounds no big deal. kind of like what happened back in 18, if it stays down out expect to see that in weaker consumer spending, particularly among those boomers at least at first. that's a prescription for recession. the line between in expanding rick connie and it recession is the american consumer. >> i hear about panic selling in stocks is there such thing as a panic refinancing on mortgages? is that what people should be doing? i look at treasury yield diving and i'm trying to figure out what is the best time for folks to start calling riverbanks. should they wait for breakfast time on wednesday? one is again hit bottom on

you know that ok boomer thing where they were you took all of our money you took all of our property well that's who's dying or it's going to be dying from this coronavirus right particularly men so it's like a stephen king novel that mixes all the hatred and anger for me to. me and you end up with the coronavirus well if we survive you know for my age group is 1.3 percent chance of mortality rate for this disease and for you it's 3.6 percent so and then it gets higher above there but should we pass through this on the other side. let's talk about what this affluence thing is and what it means for our kind of where it was coined and it was coined back i guess during the great depression 1st off we haven't faced shortages of such magnitude for a very long time more importantly we have for decades lived under a political framework known as affluence a term popularized by economist john kenneth galbraith in the 1950 s. as an affluent society america automat. produces a surfeit of jobs and wealth and the problem is solely one of distributing the bounty under the siren song of affluence w

targets 6070 and 80 year olds that's a way to pass on some hope to the younger generation also the boomers tend to hate bitcoin. so here we have a pandemic of the corona virus and the pandemic of bitcoin all targeting the 607080 year olds that's trying to pass the baton on to a younger more enlightened generation i might add that. i mentioned his organization system risk they say he says for a new 50 year olds they should all not go outside at all that's gaia floria of course he's 60 or so anyway stay tuned much more coming your way don't go away. what is the difference between embarrassing gaffes and elder abuse joe biden certainly excels at the former and maybe is the big name of the latter we were told mention of mental health is limited to what degree is the public the right to know . no not ones that. someone might have the definitions and. then you can't really believe. how we think. yes it would be if this. didn't you know well that beach that you see. in the sketch still a miss one meaning i love this i not be deep but let me say this now tokyo find it is going to happen going to g

targets 6070 and 80 year olds that's a way to pass on some hope to the younger generation also the boomers tend to hate bitcoin so here we have a pandemic of the corona virus and the pandemic of bitcoin all targeting the 607080 year olds that's trying to pass the baton on to younger more enlightened generation i might add that nassim taleb i mentioned his organization system risk they say he says for a new 50 year olds they should all not go outside at all that's gaia floria of course he's 60 or so anyway stay tuned much more coming your way don't go away. we have to realize we are all living on a small fragile spaceship together and it's really no different than a bunch of people in a harsh environment trying to rely on each other to survive we we are interconnected on this planet we rely on each other or do around the world to survive as a species. descriptions sound up to tell using even for the owners. how to choose pet food industry is telling us what to feed our pets really more based on what they want to sell us than was necessarily good for the pet. food may not be the people belie

targets 6070 and 80 year olds that's a way to pass on some hope to the younger generation also the boomers tend to hate bitcoin so here we have a pandemic the corona virus and the pandemic of bitcoin all targeting the 607080 year olds that's trying to pass the baton on to a younger more enlightened generation i might add that. i mentioned his organization system risk they say he says for a new 50 year olds they should all not go outside at all that's gaia floria of course he's 60 years old anyway stay tuned much more coming your way don't go away . in the united states presidential candidates debate the future of the u.s. and the world. mexico is a red state you see her but to get into the burning questions of this election cycle one topic every week will tax student debt trade wars corporate money universal basic. and more. with what's front running. exclusively on. seemed wrong. but old rules just don't. mean you get to shape out just because get educated and engage with equals betrayal. when so many find themselves worlds apart. just to look for common ground. live. live. live. live liv

redistribute at least some of the risk and all that debt put it back on the balance sheet of the boomers from which it came but i think this is also that collision and in terms of political events you know hyper inflation is the most political event of all remember in 20082000 i report we covered everybody in the gold and money sector work saying well is it going to be inflation or deflation with all this money printing some a said it might be hyperinflation but there was never that doubt as bollard says you know that there is doubt now there's a lack of faith in the central banks looks as a fed has lost control 10 year u.s. yields collapsed after fed 50 basis point emergency cut and its fed has ramped up balance sheet there you see when they tried to taper the ponzi scheme last year now they're having to expand the balance sheet but at the same time again the hive mind the bond investors never believed that that was like if you turn it upside down that was exponential growth and basically the 10 year yield of the central banks of the cassar you know they approach it like a citadel and s

or a man a man boomer then that could be you know for a. destruction aeration who will inherit something like 30 trillion dollars of wealth that's been built up in these affluent bank accounts including probably $150000000000.00 worth of bitcoin so these kids know what they're doing and i i try to make friends with these kids i get in candy and i give whatever they want you know they don't don't don't give me the virus could you know it's like this is like holloway and christmas and everything wrapped into one here take it all just take whatever i can just leave me alone. yes i i did see max handing out some private keys earlier to some kids running around this neighborhood but speaking of wealth in the last little quote here affluence politics is not the politics of being wealthy but rather the politics of not paying attention to what creates wealth in the 1st place that is to say it's a politician ignoring our ability to make and distribute the things that people need since 97 when we're no longer in a gold standard and we've had we forgo

s are wiped out just as they're getting ready to retire because the youngest of the boomers are only 5960 at the moment so you know they still have 5 years before they can collect medicare and if this crash mirrors what we saw in 2008 then we're going to see a 40 percent 45 percent decline if it's nearing $1029.00 then we're going to see 80 percent decline how long it stays there however is one thing of course we've never had such an activist central bank but i don't think that's going to be enough i think you're going to see very extraordinary fiscal responses this time so to put this sort of perspective perspective right you have the 1929 crash which was followed by the depression. you had a massive recession in the 1970 s. due to the oil shock oil price that time screamed higher and caused a major recession then in 2008 we had the sub prime crisis. and that was considered to be the greatest crisis sense the depression and that's how they build this $750000000000.00 tarp bailout which became closer to 17 trillion dollars what it was all said and done now in 2020 we have what would

skinner a marshall our back i want you to look at this chart of incarcerated americans right when the boomers became the largest voting bloc once they got their vote well that was right about there and it looks like they wanted to vote for it lock them up that's been their mantra for the last 40 years locking people up so sinclair skinner i know at your recent conference in washington d.c. at the black block chain summit this was an issue at that summit of the $698.00 per 100000 americans locked up 37 percent of those prisoners are black is this a racial justice issue. definitely i think even though when you look at the time line that you gave another key indicators when you started seeing the civil right. movement changing so desegregation and then the addressing of how we deal with this now integrated society a lot of it had to do with incarceration so again in my neighborhood no one had a visa or a passport but somehow crack cocaine to my neighborhood so in a real way we're looking at the issue that it's definitely been a continuity in the way of how do we deal with the racial disparities

brewing in other words the response to debt selling money we ourselves is the correct response ok boomer another this is a meme that's out there as they x. and millennial is really realizing that they boomers have loaded them up with debt and ecological destruction isn't it mostly a generational thing even beyond the 99 percent of one percent is about this new generation basically inheriting a handful of nothing no not at all because the boomers are as much and are is much in debt. when the millennial is the fault and student loans the parents of kotor slime and they're broke and have to go back to work instead of living on social security it's the financial sector against the rest of the economy and that's what you're always talking about on your show and that's what the mainstream says you must not talk about who owns the dept to whom it's really the financial sector and the one percent that is polarizing the economy and taking all of the g.n.p. growth for itself not leaving anything for the rest of the economy well following up on china and keeping with the china theme trump has intro

i thought what might be a a be boomers and millennials, or -- baby boomers millennials, people who couldie in houses versus those who will not. have you think there is a cultural divide between the seat of age groups? -- how do you think there is a cultural divide between these two age groups? >> i think we are more antagonistic. some of this is economic. some of this has to do with property. young people are rightfully resentful. it is much harder for them to buy a house than it was for the parents. domesticre look at terrorism. this is the story. i love to look at what it is like when a man in his 30's refuses to leave home. and i am kind of hard on him. as i would be, because i think it's generational. at the same time, he's pretty worthless. the story does take care to address some of the with millennials who have not left home because they are paying off student loan debt and the cost of renting is way too high, so i am sympathetic, actually, but there's this other case someone who just doesn't want to grow up. do want to bring up the story "domestic terrorism," because it does just

>> i get the okay boomers.to do all these things right, go to school, get a good job, buy a home. and all these kids did the right thing and they can't do any of those things. some of them get resentful and point the finger at the people of the establishment, quote/unquote. the bidens of the world. >> let me table hop because you're talking about this generational divide and we've been hearing that over here as well. when you hear this concern over here and self-described boomer. he okay boomered himself. you don't see that every day. do you see a place for capitalism or is the goal here for sanders' supporters of a certain generation to really replace capitalism? >> we have entire systems set up already that are not able to be thrown out in a day. but what i see sanders wanting to do is just to alleviate some of the economic burdens people have. >> i'm going to jump around a little more. how are we doing over here? are you a queens resident? >> local, right down the street. >> what about yourself? >> i was bor

in our life we love,y have gone from saying okay boomer to are you okay boomer. we want to make sure they are cared for and protected. steve: nicely put, come back to you with a quick point. been some speculation today question was asked of dr. fauci about a potentially even more draconian step, 14 day lockdown for everyone to really kind of squeeze this. to get your sense of how far you think this is okay to go. what is your reaction? >> well, i trust our public health officials but if people are more mindful about washing hands, limiting large gathers we'll have tools to respond to this that europe did not, europe is borderless, in a lot of way unable to manage the problem. in china they lied to their own people, i don't know that here, we'll need massive lockdowns of the civilian population, let's do what you describes, and focus on and care for vulnerable population, and do what we can to limited spread of the viewer sneuvirus.steve: i agree, lisa,. tto -- tonight's announcement from gavin newsom was significant with that focused action, isolation at home for

different from a boomer like me. i grew up with relatives in the 1950's and 1960's who were experiencing the afterglow of world war ii, economic recovery, and country moving forward after the depression. so for your whole life, two wars in the middle east, partisanship, the division, one little tiny thing. we always focus on america. america, american politics. there is one aspect of the bush legacy that is sometimes overlooked. he supported very large economic packages to address aids in africa, malaria and africa, clean water in africa that saved millions of lives. part of the bush legacy is, for people in the middle east, over a million lives lost there, all the people we have lost. the economic recession, things like that, but there is that other aspect of that other thing. anything else before we wrap up? thank you, emily, for reminding me that i grew up under much more happy circumstances. [laughter] i think we need to head out. ok. we thank c-span for being here. thank you everybody. mr. reverley: thanks, ever

disney dominates the 1960's because of all the baby boomers going out to the movies. a lot more saw the sound of music than went to woodstock. of course, the 1950's did not work for everyone. the 60's were good for many but had problems from many other people. racial limitations, jim crow, segregation in the north. poverty come as we have talked about. 1/5 of americans lived in poverty. gender limitations. this is one we will lean into today. women did not have the same opportunities as men for employment and social advancement. their unique disadvantages that women faced but also conformity, boredom. the 1960's were characterized with a incredible sense of optimism and hope. the sense of optimism is incredible. people from all walks of life, even the most disadvantaged people, poor black southerners who had never had voting rights, are so hopeful because of america's place in the world and the rhetoric of its leaders. some of the famous lines from the 1960's were dripping in this sense of hope. john f. kennedy, januarty 21st, 1961, washington, dc, i do believe that a

bill clinton, kind of an archetypal boomer. clinton and w born just a month apart in 1946. 41, archetypal member of the greatest generation. at the time, it felt like this burst of energy and momentum, and change, very self-consciously for clinton. it was a lot like 1960 when jfk takes office. the first president born in the century after eisenhower. in its own way, not unlike 1901 when teddy roosevelt, much younger than william mckinley, takes over and there is this burst of energy, enthusiasm momentum. and then the thing that is also difficult in the category of musings for you all to capture in your minds, is how different the world was in 1992. the cold war has ended. in the midst of a small recession, but not a grievous one. there was this general atmospheric sense of optimism, almost easy optimism in a way that is very hard for us to quite calibrate in our minds right now. just given the state of the world. that prevailed all during clinton's presidency, in part because of him, and in part just because of things that were

is about this new generation basically inheriting a handful of nothing no not at all because the boomers are as much in our is much in debt as when the millennial is the fault in student loans the parents of countersign and they're broke and have to go back to work instead of living on social security it's the financial sector against the rest of the economy and that's what you're always talking about on your show and that's what the mainstream says you must not talk about who owns the dept to whom it's really the financial sector and the one percent that is polarizing the economy and taking all of the g.n.p. growth for itself not leaving anything for the rest of the economy well following up on china and keeping with the china theme trump has introduced in the 2020 department of defense budget the space force china is also announced a 10 trillion dollar economic zone between here and the moon is space go. to be the next frontier of war and if so how do you even get anti-war about it well it already is kind of the next frontier you know we've been developing all kinds of things you know

speaker, 10,000 baby boomers a day become eligible security.l social security helps lower and middle-income americans the most. more than 90% of benefits go to less than es earning $50,000. again.repeat that ore than 90% of all the benefits of social security go less than arning $50,000 a year. hat's why the following individuals have supported the act, l security 2100 including social security works, the national committee to reserve social security and medicare, the afl-cio, the americans, retired america, veterans of vote vets, american federation of government employees, the association for the advancement of the clerk will a ignate people, latinos for secured retirement, the national organization of women, sage, the national education society, the rc of the united states, the international federation of rofessional and tactical engineers, representing judges, s ve law onsortium of those with disabilities and task force, the ustice of aging, centers on disability, senior citizen league, the national rganization of social security claimants, the e.p.i. policy national retiree legislative

disney dominates the 1960s because all the baby boomers wanting to go to movies. a lot more people saw "the sound of music" than went to woodstock. when we talk about the 1950s did not work for everyone. the '50s were good for many but they had their problems. racial limitations, jim crow in the south and housing segregation in the north. poverty, one-fifth of all americans lived in poverty. gender limitations. women did not have the same opportunities as men for employment and social advancement. there were some unique disadvantages that women face and conformity. the 1960s were characterized by this incredible sense of optimism and hope. it's really incredible. people from all walks of life, poor black southerners who never had voting rights, for example, are so hopeful because of america's place in the world and the rhetoric of many of its leaders. some of the famous lines from the 1960s are dripping in this sense of hope, jfk, 1961, washington, d.c., and i quote, i do not believe that any of us would exchange places with any other people or any other generatio

we still live with those norms that baby boomers grew up with. our leader still others baby boomers. we really testing out just how elderly our leaders can get. it turns out pretty elderly. and so i do think that there's something distinct about this american approach to institutions that contributes to this problem that understanding it ought to be part of the solution, that the breakdown of social trust and the rise of populism is certainly not just an american phenomenon. >> thank you for your talk. we've watched two different versions of reality play out in our politics recently. your points on institutional failures and the reformist nature of some actors are very well taken but you haven't properly addressed another contributing factor, and opposition to both expertise and experts. this is a long-standing pattern. for example, the decline trust in major newspapers. i tell my students to read more than a watch and to avoid news as engineered to give him a dopamine hit of righteousness. what would you do to address this problem? >> you're rig