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Did Woodstock hippies lead to US financial collapse?

A conservative activist says hippies-turned-boomers are responsible for excessive spending, the mortgage crisis, and recklessness on Wall Street. He tells the story in his film, 'Generation Zero.'

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Before his tenure at Citizens United, Bossie was a chief investigator in the Whitewater hearings and he also led investigations into alleged finance abuses in Bill Clinton’s 1996 re-election campaign.

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'Tea partiers' love the movie

Early this month, a screening of the film was warmly received at both the National Tea Party Convention and the Conservative Political Action Conference. From there, it was the subject of an hour-long special on FOX News hosted by Sean Hannity.

Bossie says the attention may mean an eventual theatrical release. At the moment, it is available only via DVD from the movie’s website.

The film, which features commentary from conservative pundits such as Charles Krauthammer, Newt Gingrich, and Dick Morris, offers no concluding message other than a plea to control government spending. Bossie adds that blame is shared among both Democrats and Republicans for failing to do so.

“The political correctness of not wanting to say ‘no’ took hold not in 1999; it started in 1969,” he says.

Steinhorn, who also teaches at American University's School of Communication, says that type of position is unfair and has ulterior motives.

“As a conservative, if you can trivialize what boomers have done, to create a false hippie-to-yuppie paradigm, then your goal is to trivialize all these remarkable changes to our society in the last forty years,” he says. “Changes that made us a far more equal, free, inclusive, and environmentally conscious society than we’ve ever been before.”