Generation Zero

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CAST

Michael Barone
Michael Barone

"Ben Bernanke and Henry Paulson went up to Capitol Hill and told the leaders that we were seeing a financial meltdown, that Congress has to pass a $700 billion bill, a three-page bill, giving the Treasury Secretary authority to disburse monies to financial institutions, or, otherwise, that credit would coagulate, that basically loans and currency would stop circulating."

Resident Fellow, American Enterprise Institute. Author, "Hard America, Soft America." Principal Author, "The Almanac of American Politics." Fox News Contributor and Senior Political Analyst, Washington Examiner.

Bruce Bartlett
Bruce Bartlett

"The unfunded liability of Social Security and Medicare is over $100 trillion."

Former Treasury Department official and one of the principal architects of President Reagan's "supply-side" tax cuts of the early 1980's. Columnist published in The Wall Street Journal, The New York Times and Fortune. Author, "Impostor: How George W. Bush Bankrupted America And Betrayed The Reagan Legacy."

John Bolton
Ambassador John Bolton

"If the United States becomes financially unable to project its influence in the world and through military and other strengths, protect its friends and allies, then I think the consequences will be a lot more devastating than simply loss of financial clout."

Senior Fellow, American Enterprise Institute. Former U.S. Ambassador to the United Nations. Former Undersecretary of State for Arms Control and International Security.

Arthur Brooks
Arthur Brooks

"The problem we face now is one of national character...Our political class is telling us that what we need to do to save ourselves is to mortgage the future of our country and the future of our children. That's a change in our national character and a change of our national elites. That's a very, very extreme thing to do."

President, American Enterprise Institute. Author, "Who Really Cares: The Surprising Truth About Compassionate Conservatism" and "Gross National Happiness: Why Happiness Matters for America."

Lou Dobbs
Lou Dobbs

"We in my generation bear an absolute responsibility for squandering that wealth and for what we have done to future generations. My generation owes it to the moment in history in which we live and to those future generations to try to right what we have absolutely failed in over the course of the past 40 years."

Former CNN anchor and managing editor of Lou Dobbs Tonight. Winner of the Emmy, Peabody and Cable Ace Awards. Syndicated Radio Host. Author, "Exporting America"; "War on the Middle Class"; and "Independents Day."

David Frum
David Frum

"We've lived through a period of bad decision making by leaders of American finance and business on a scale never seen before in any business culture ever."

Resident Fellow, American Enterprise Institute. Former White House speechwriter. Former Assistant Editor of the editorial page of The Wall Street Journal. Former fellow, Manhattan Institute. Founder, FrumForum.com.

John Fund
John Fund

"We subsidized people's losses and we also subsidized their greed. We divorced risk from accountability."

Columnist, The Wall Street Journal Online. Senior Editor, The American Spectator. Author, "Stealing Elections: How Voter Fraud Threatens Our Democracy."

Newt Gingrich
Newt Gingrich

"The average American is going to pay higher taxes while having lower wages and fewer jobs in order to subsidize the very wealthy who have been in fact ripping off the system."

Former Speaker, U.S. House of Representatives. 20 years in Congress. Political Analyst, Fox News. General Chairman, American Solutions.

Victor Davis Hanson
Victor Davis Hanson

"It's the most spoiled, self-centered process in any 30 or 40 year period in American history."

Senior Fellow, Hoover Institution. Professor, California State University. Editorial Board, Military History Quarterly and City Journal. Syndicated Columnist published in The New York Times, The Wall Street Journal, The Washington Post and National Review.

Steve Hayward
Steve Hayward

"...within the space of a few weeks of the moon landing in 1969 was the iconic music festival at Woodstock when something like 400,000 people gathered in the mud...it was something greater than had ever happened before. It wasn't an event; it was now the Woodstock Generation."

Fellow, American Enterprise Institute. Biographer of Ronald Reagan, Jimmy Carter, and Winston Churchill.

Neil Howe
Neil Howe

"History is seasonal, and winter is coming."

Co-Author, "The Fourth Turning" and "Generations." Co-Founder with William Strauss of the field of generational studies.

David Kaiser
David Kaiser

"Unravelings in America have certain common characteristics. They tend to be eras of a lot of economic speculation and more and more boom and bust cycles."

Professor, Naval War College. Author, "The Road to Dallas" and, "Economic Diplomacy and the Origins of the Second World War."

Roger Kimball
Roger Kimball

"Ideas have consequences, and we are seeing the consequences of the ideas of the 60's unfold all around us."

Co-Editor/Co-Publisher, The New Criterion. Publisher, Encounter Books. Author, "The Rape of the Masters: How Political Correctness Sabotages Art."

Charles Krauthammer
Dr. Charles Krauthammer

"The Bush Administration Treasury head would call in the heads of the nine largest banks and essentially say 'As of today I'm your partner. Sign on the dotted line.' That's the stuff that happens in Banana Republic's with a gun on the table. In America, we do it with a pen instead of a gun."

Author/Commentator/Columnist. Winner, The Pulitzer Prize for Distinguished Commentary. Columnist, The Washington Post and Time. Contributor, Fox News.

Lawrence Kudlow
Lawrence Kudlow

"There's a lot of criticism of Alan Greenspan for his role, and some people have coined the phrase 'The Greenspan Put.' Greenspan came in and opened the floodgates for money."

Host, CNBC's The Kudlow Report. Former staff member, The Federal Reserve Bank of New York. Former OMB official under President Reagan. Author, "American Abundance."

Heather Mac Donald
Heather Mac Donald

"The substantive issues were superseded by a wallowing in narcissism, a belief that they were the first generation in history that had a moral sense and had the capacity to tell adults how they should lead their lives."

John M. Olin Fellow, Manhattan Institute. Contributing Editor, City Journal. Author, "The Burden of Bad Ideas." Recipient, Bradley Prize for Outstanding Intellectual Achievement.

Myron Magnet
Myron Magnet

"We had what was called conspicuous consumption. The thing about the 'money culture' is you measure all things by money...people started measuring themselves, measuring their worth, by what they could buy, by what they had."

Editor-at-Large, City Journal. Fellow, Manhattan Institute. Recipient, National Humanities Medal. Author, "The Dream and the Nightmare - The Sixties' Legacy to the Underclass."

Thaddeus G. McCotter
Congressman Thaddeus G. McCotter (R-MI)

"How do you take a structure of governance that has the political and financial elites too big to fail and the American people only big enough to keep paying. It's as if the American people now face a political and financial Frankenstein that has to be fed with their money to keep away from the door. Lest they be devoured."

U.S. House of Representatives, Elected 2002. Chairman, House Republican Policy Committee.

Richard Miniter
Richard Miniter

"Let's be clear about this. The political class, right and left, Republican and Democrat, saw this crisis coming...doesn't matter who was in control, they were unanimous in one thing. Nothing can change. And nothing did change."

Former Editorial Page Editor and Vice President of Opinion, The Washington Times. Author, "The Myth of Market Share"; "Losing Bin Laden"; and "Shadow War."

Daniel J. Mitchell
Daniel J. Mitchell, Ph.D.

"Why should greed in this decade have caused a problem?...People have always been greedy...it's sort of like blaming airplane crashes on gravity."

Senior Fellow, CATO Institute. Former Economist, Senate Finance Committee. Former Senior Fellow, Heritage Foundation.

Stephen Moore
Stephen Moore

"It doesn't take a Ph.D. in economics to think that you can run one trillion, two trillion, five trillion, ten trillion in debt."

Member, Editorial Board, The Wall Street Journal. Founder, Club for Growth. Contributing Editor, National Review.

Peter Morici
Peter Morici

"We never had the kind of de-industrialization we've had over the last ten years in American history. And that's simply been because your political leaders are looking out for the bankers, the Hollywood producers and the high tech community."

Professor, University of Maryland. Former Director of Economics, U.S. International Trade Commission. Member, Reuters Macroeconomic Forecasting Panel.

Dick Morris
Dick Morris

"You ain't seen nothing yet. The real catastrophe is going to come in about a year or a year and a half or two when all of this money that the Fed has been printing comes out of hiding all at once and causes explosive inflation."

Author/Commentator. Former Senior Advisor, President Bill Clinton. Author, "Catastrophe." Commentator, Fox News.

Michael Novak
Michael Novak

"Because they printed so much money, money was worthless. To get a loaf of bread, you needed these huge - and out of this terrible inflation came tyranny, came a demand, somebody must do something, we need a strong person to do something, and I have a dreadful feeling that's where we are coming to."

Scholar, Religion, Philosophy and Public Policy, American Enterprise Institute. Author of 27 books on culture, religion and freedom. Recipient, Templeton Prize.

Michael Panzner
Michael Panzner

"One of the biggest problems that has put us in the situation we're in now, created the financial Armageddon...an unraveling of the U.S., and a change in America's role in the world, is this very, very close, incestuous linkage between the money's interest, the Wall Street interest, and the people in Washington."

25-year career in International Finance and Capital Markets. Author, "Financial Armageddon" and "When Giants Fall."

James Quinn
James Quinn

"Since September 18th, the net worth of households in the U.S. has declined by $14 trillion...the fact is that the $14 trillion never really existed. It was fake, it was built upon debt, massive amounts of debt...a mirage of wealth."

Founder: The BurningPlatform.com.

Barry Ritholtz
Barry Ritholtz

"I got some bad news for you. This was not an accident. This was the result of conscious decision-making and some very bad judgment."

CEO and Director of Equity Research, Fusion IQ. Author, "Bailout Nation." Columnist, The Street.com.

Peter Schweizer
Peter Schweizer

"What's developed in America today is really the worst of both worlds: we have big government and we have big finance and big business that have merged and have become joined at the hip...and have the ability to transform or direct American society to almost any direction that they want to take it."

Research Fellow, Hoover Institution. Author, "Architects of Ruin" and "Reagan's War."

Amity Shlaes
Amity Shlaes

"The forgotten man today is our children and grandchildren. Because we're taking their money and we're leaving them with the debt. We're loading the debt on their shoulders and telling ourselves a little bedtime story that it'll be all okay."

Senior Fellow, Council On Foreign Relations. Former columnist, Financial Times and member of Editorial Board, The Wall Street Journal. Columnist, Bloomberg. Author, "The Forgotten Man."

Tobin Smith
Tobin Smith

"Well fast forward my friends. When we add another $9 trillion onto the $12 trillion we've already borrowed, we're going to have a revolution, and frankly, that's what it's going to take because of all the irresponsibility."

Founder/Chief Strategist , ChangeWave Investing. Commentator, Fox Business Channel.

Shelby Steele
Shelby Steele

"Saul Alinsky's main motto was 'speak truth to power' and the presumption was that America is a fundamentally racist society, a sexist society, a society committed to inequality, a society that serves only the wealthy."

Senior Fellow, Hoover Institution. Recipient, National Humanities Medal and The Bradley Prize. Winner, Emmy Award and Writers Guild Award. Recipient, National Book Critic's Circle Award. Author, "The Content of Our Character."

John J. Xenakis
John J. Xenakis

"We have these mothers who raised their kids in the 1950's determined to make sure that their kids and grandkids would never have to suffer like they did during The Great Depression and World War II...but in over protecting their kids they launched something in the 1950's which is a tidal wave that's now reaching our shores in the 2000's and they're bringing about exactly the tragedy that they had tried to avoid."

Author, "Generational Dynamics: Forecasting America's Destiny."

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