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The answer to America's economic crisis

by John Weber

Created on: February 21, 2009   Last Updated: March 05, 2009

Once upon a time, the Statue of Liberty called out to the world's wretches with the twin promises of freedom and enterprise.

"Give me your tired, your poor,
Your huddled masses yearning to breathe free,
The wretched refuse of your teeming shore.
Send these, the homeless, tempest-tossed to me.
I lift my lamp beside the golden door."

Millions answered that siren's song and on the strength of their pioneering spirit, their collective labor and enterprise, a young and burgeoning country became the world's unquestioned superpower. From WW II to Man on the Moon, The Industrial Revolution to the Age of Information, the American Dream became the American Way, as hard work and enterprise paved yellow brick roads from the Motor City to Silicon Valley to Wall Street.

But these days, Uncle Sam's challenging "I Want You" has been weathered and watered down to where "I Owe You" is the mantra of the day. And while everyone points fingers for our current malaise, the truth hides in plain sight. Who do we blame, you ask? Not our stars but ourselves.

For while our ancestors envisioned the American Dream and our grandparents and some parents lived it, we unquestionably pissed it away. While they worked til it hurt, we partied like it was 2009 . . . and suddenly, it was, our work ethic lost while watching TV, first living off the accumulated work and wealth of our ancestors, then borrowing money to maintain our accustomed lifestyle . . . a lifestyle we never earned, a standard of living well beyond our shared means.

And that's how it all came crashing down, like it did for those fat, feted Romans of so long ago. Our get-up-and-go just got-up-and-went; lost, perhaps during commercial breaks for Beavis and Butthead, sitting in drive-through or hitting the spa. And really, it's no surprise, given the narcissistic nuance behind what we're all told, like Scarlett Johansson saying "We're Worth It" while Britney Spears lip-synchs "Gimme More, Gimme More."

Well maybe we're worth it but more likely we're not, and maybe just once, gimme mores shouldn't get. But what do you expect from a generation that coined the expression "If it feels good, do it", where the corporate culture's a new non-word: Chillax?

Not much, I'm afraid . . . except trillions of debt.

So what happens from here? Well, I'd like to think I'm just temporarily depressed, beaten down by the world's current state of affairs. But the fact is, for every empowering Obama speech ("We have to change our bad habits") I realize we're lost,

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