Parenting (and banking) Doomsday?
Sunday, February 15th, 2009I was a business guy before a counseling/coaching guy so I find the current state of affairs in the financial industry disgusting. I don’t believe in the talk about this being as bad as the Great Depression. It could be worse. We have no idea what we have wrought from our overspending, deregulating, no accountability, looking the other way, now somebody else has to fix it spree of the last couple of decades. While we came to believe we were entitled to live beyond our means, we might now be screwed. The bankers created the scheme but did so with eager participants sporting an insatiable appetite, living large while not even considering there might be a day of reckoning.
I liken this to what we adults (the bankers) have done to a whole generation of kids (the consumers). Over time, the pendulum swung way too far to the laissez-faire, put them on a pedestal, kids are our most important resource, let them have anything they want insanity that has led to our present day hyper-desire, nanosecond gratification where every childish whim is met with another line of credit. When the cash flow stops, there is the accusation of deprivation and “you just don’t understand, I need this.” We have injured an entire generation by giving them the false reality that this could continue.
The price: a nation in yet another crisis whining that somebody better fix this. And parents, like the testifying bankers, lying through our teeth about how we had no idea that it could ever get this bad. Bullshit. In families, as in economics, there is no free lunch. Somebody has to pay.






