Tuesday, February 23, 2010

GENERATION ZERO...a "must see" film

Sean Hannity tonight had an hour-long special show on Steve Bannon's new documentary on our economic crisis - GENERATION ZERO, a film that every American must see. It is a powerful, moving, scary telling of a crisis that was 30 years in the making and had its roots in the 1960s.

According to the reviews I read, the film begins in a low key manner and slowly builds to a crescendo of fear, corruption, greed and incompetence among the elite who control the country. Bannon puts the blame squarely on the shoulders of Wall Street bankers and their corrupt protectors in Washington DC. Essentially, the theme of the film is that the rich ruling elite have gamed the system for decades and have destroyed the middle class of this country. Government malfeasance in passing the Community Reinvestment Act, repealing Glass-Stiegal Act (which separated investment banks from commercial banks), and allowing 5 Investment Banks (Goldman Sachs, Bear Stearns, Lehman Brothers, Merrill Lynch,and Morgan Stanley) to leverage 40 to 1 led to the crisis. When these firms converted from partnerships, with individual liability, to corporations with no personal liability, pandora's box had been opened.
 
Bannon skewers the Baby boomers who came of age during the turbulent 1960's (read "Slouching Towards Gomorrah") and then turned into the greedy yuppies of the 1980's and 1990's.  The film proceeds through the unraveling of the 1990's and early 2000's.  The unraveling is induced by greed, shortsightedness, inability to make tough decisions, and most of all massive debts and poor decisions that have been made over decades. A feeling of doom resonates throughout the film. Whether America can rise up and take this country back from the ruling elite is unanswered. The more people that see this film, the better chance we will have.
 
The producer plans on a general release to movie theaters in mid-March. A tie in to the National Tea Party on April 15 would be a perfect way to have as many people as possible see this important film. I  hope that this film can help get this country back on track.

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