From Denny: Our world economy lurches forward two steps and back one step, lurches forward again three steps and back two. Government leaders are forced to make tough decisions now for the leaders before them who refused to curb lavish spending like there was no tomorrow.
For years the demography folks have been advising businesses and governments that as the large Baby Boomer generation ages it will retire from regular or lavish spending into the economy. How could no one see this coming? The younger generations are not large enough to support the Baby Boomers.
Already, for the past few years, you see too much office space for lease - and that was before the world economy took a down turn. In a nutshell, if the Baby Boomers don't support a business niche then expect that niche to downsize or disappear.
Business has become spoiled from the Baby Boomer's support and expanded their businesses to feed the larger generation's appetite. Now that they have reached middle age - up to their eyeballs in debt with college expenses for their kids, medical and retirement home expenses for aging WW2 generation parents, mortgage debt and massive job lay-offs - the Boomers are tapped out.
Look at it this way, at least we are all in the same boat. :) There are worldwide recessions and financial issues. How we come out of this generational crisis is up to us.
The first smart thing is to get off credit cards and stay off them. The Big Banks and Big Business have been capricious and cavalier with their customers. They changed contracts on a whim and charge excessive usury.
The world has tilted to the favor of greedy excessive Big Business to the point that accounts in good standing can no longer afford to pay back their debts. This is where the role of good government comes in to balance the inequities and crooked business practices. Without government leaders acting as champions of the middle class, then expect more turmoil until someone grows the courage to right the wrongs.
From the state of Missouri's budget:
From the state of California's budget:
The state of the American economy:
See Cartoons by Cartoon by Brian Fairrington - Courtesy of Politicalcartoons.com - Email this Cartoon
College graduates jobs expectations:
How our "Socialist" government in America helps during national disasters:
Europe's economy:
See Cartoons by Cartoon by Patrick Chappatte - Courtesy of Politicalcartoons.com - Email this Cartoon
See Cartoons by Cartoon by Christo Komarnitski - Courtesy of Politicalcartoons.com - Email this Cartoon
See Cartoons by Cartoon by Petar Pismestrovic - Courtesy of Politicalcartoons.com - Email this Cartoon
See Cartoons by Cartoon by Patrick Corrigan - Courtesy of Politicalcartoons.com - Email this Cartoon
*** ALSO check out the full post over at The Social Poets where there are more links to great cartoons of the week:
America This Week: World Politics Cartoons and Commentary - 22 May 2010
*** THANKS for visiting, feel welcome to drop a comment or opinion, enjoy bookmarking this post on your favorite social site, a big shout out to awesome current subscribers – and if you are new to this blog, please subscribe in a reader or by email updates!
