Steve Tobak, noted technology writer, has piled on the media bandwagon bashing millennials. His is one of the most offensive articles yet. He calls millennials "special little snowflakes" and "entitled narcissistic brats" in a way that sounds as if he wants to not call them those names, but hold them accountable as individuals.

If Tobak wanted them held accountable as individuals, instead of insulting them, why did he have to call them those names first? 

And he doesn't go into detail about how their parents are coddling them. Perhaps he wants them to build a nest, haul their children up into that nest, and boot them out. They live at home because wages are not keeping pace with real estate. That is coddling? No, Steve, that is survival. Just kidding about the nest thing.

Steve Tobak fears that millennials are not pulling their own weight. And maybe they are not. But who shaped them Steve? The bankers and their bad loans, and the elusiveness of the American dream for their parents, have shaped them, Steve. Many of their parents failed, while trusting the financial sector.

The cost of living and diminished wages, as the Fed destroys the stickiness of wages, have put millennials in survival mode.

So, when we see them not adding to aggregate GDP, Steve, we can't place the blame entirely on the millennials. Most of the problem rests with the financial system that cannot be trusted. Yes, it could end up hurting the entire nation for millennials to fail to rise up, as entrepreneurs. But you need to call out the greedy financiers, starting with the Fed, Steve. The conspiracy to diminish wages is hardly without proof.

If some of the millennials drive for Uber or Lyft, that is a good thing, Steve. And you, sir, certainly get paid for contributing poor quality online content (at least in the article in review), so why can't they do the same?

And readers, what gets me most about Tobak's article, is that we know small and medium businesses create most of the jobs. Climbing up the corporate ladder, which is what Tobak wants from millennials, is not so easy, as those jobs with large corporations are hard to find.

But Tobak needs to come clean about his real motives for bashing millennials. Banks can't make money if these millennials don't borrow. The article appears on Fox Business News and that isn't by accident, in my opinion.  The bashing continues and the millennials will dig in their horns if this bashing does not stop.

Will Rogers would have approved of the millennials, at least for this:

You see in the old days there was mighty few things bought on credit. Your taste had to be in harmony with your income, for it had never been any other way. I think buying autos on credit has driven more folks to (rob banks) as a regular means of livelihood than any other contributing cause... I don't reckon there has ever been a time in American homes when there was as much junk in 'em as there is today. Even our own old shack has got more junk in it that has never been used, or looked at than a storage place. Most everybody has got more than they used to have, but they haven't got as much as they thought they ought to have. So it's all a disappointment more than a catastrophe. If we could just call back the last two or three years and do our buying a little more carefully why we would be O.K." WA #419, January 4, 1931

However, Will Rogers, not unlike Steve Tobak (who runs a consulting firm that supplies speakers for businesses), was an after dinner speaker among many other accomplishments. Rogers was willing to go voluntarily, but perhaps Tobak is not. Here is Rogers on after dinner speaking:

"You can't break a man that don't borrow; he may not have anything, but Boy! he can look the World in the face and say, "I don't owe you Birds a nickel." You will say, (if everyone stops borrowing) what will all the Bankers do? I don't care what they do. Let 'em go to work, if there is any job any of them could earn a living at. Banking and After-Dinner Speaking are two of the most Non-essential industries we have in this country. I am ready to reform if they are." WA #14, March 18, 1923

Will Rogers looked at his after dinner speaking business, and would have looked at Steve Tobak's business, as being non essential. And he considered bankers as being non essential as well. After dinner speaking sure has changed. It has gone from Will Rogers' criticism of banking and borrowing, to Steve Tobak's criticism of millennial's frugal risk aversion!

Millennials think, I think, like Will Rogers. Was Will Rogers right for the aggregate? Probably not. Was he right for the individual? Well, you be the judge. "You can't break a man who don't borrow."

And readers, note that Rogers lived through a short depression, in 1921. It was caused mostly by retooling industry from World War 1. Then he lived through the Great Depression. By that time, he had certainly come to have no trust in bankers. Can anyone blame him?