Word: boomerism
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...election of Obama has not just turned a page in our politics but also tossed out the whole book so we can start over. Whether by design or by default, the past now loses power: for the moment, it feels as if we've left behind the baby-boomer battles of the past 40 years; the culture wars that took us prisoner and cut us off from what we have in common; the tribal warfare between rich and poor, North and South, black and white; and the illusion, if anyone still harbored it after the past eight years, that what...
...that we haven't seen in quite some time: maturity. He is undoubtedly as ego-driven as everyone else seeking the highest office - perhaps more so, given his race, his name and his lack of experience. But he has not been childishly egomaniacal, in contrast to our recent baby-boomer Presidents - or petulant, in contrast to his opponent. He does not seem needy. He seems a grown-up, in a nation that badly needs some adult supervision...
...loves the musical Cats: "At long last, the Republican Party had nominated its first baby boomer for the presidency, and the man they had chosen was no more culturally 'with it' than Bob Dole, the septuagenarian previous nominee, had been," New York Times correspondent Frank Bruni writes. Bush viewed the musical Cats as modern theater at its finest ... and openly admitted that martial artist Chuck Norris was his favorite film actor. (Source: Bruni's Ambling into History...
Trickle-Down Gluttony Kudos to Nancy Gibbs on her essay [Oct. 13]. As an early baby boomer, I was raised on the stories of thrift and sacrifice that came from my parents, who had grown up during the Depression and World War II. When George W. Bush suggested that the way to be patriotic after 9/11 was to go shopping, I was appalled. We have seen that message repeated over and over - including two incentive checks from our government so we could spend even more money we didn't really have. So excuse me if I have a hard time...
...possible benefit of turmoil: the bear market of 2008 may have ended the spendthrift ways of the 80 million--strong boomer generation, which is now heading rapidly toward retirement, and refocused them on saving. "We must have a reset on consumer spending; frankly, it is out of control," says Daniel J. Houston, president of retirement investor services at Principal Financial Group in Des Moines, Iowa. The average contribution to a 401(k) plan is 7% of salary, yet the average person may need to save 13% to 15% of his salary to maintain his standard of living in retirement...