Posted on 04/07/2013 6:15:11 AM PDT by Kaslin
Young people voted for Obama in overwhelming numbers, but the question is why?
As I explain in this interview for Blaze TV, they are being hurt by his policies.
It’s not just that youth unemployment is high. Obama’s policies also are hurting those who found jobs. Simply stated, these “lucky” folks are getting below-average pay.
Dan Mitchell Warning that Young People Are Most Hurt by Obamanomics
Some of you may think I’m clutching at straws because I don’t like Obama, but perhaps you’ll believe the man who formerly served as the Chairman of President Obama’s Council of Economic Advisers.
Here’s some of what Austin Goolsbee wrote several years ago for the New York Times.
…starting at the bottom is a recipe for being underpaid for a long time to come. Graduates’ first jobs have an inordinate impact on their career path and their “future income stream,” as economists refer to a person’s earnings over a lifetime. The importance of that first job for future success also means that graduates remain highly dependent on the random fluctuations of the economy, which can play a crucial role in the quality of jobs available when they get out of school.
Goolsbee cites some research based on the career paths of Stanford MBAs.
Consider the evidence uncovered by Paul Oyer, a Stanford Business School economist… He found that the performance of the stock market in the two years the students were in business school played a major role in whether they took an investment banking job upon graduating and, because such jobs pay extremely well, upon the average salary of the class. That is no surprise. The startling thing about the data was his finding that the relative income differences among classes remained, even as much as 20 years later.
He also reports on what other scholars found for regular college students.
Dr. Oyer’s findings hold for more than just high-end M.B.A. students on Wall Street. They are also true for college students. A recent study, by the economists Philip Oreopoulos, Till Von Wachter and Andrew Heisz…finds that the setback in earnings for college students who graduate in a recession stays with them for the next 10 years. These data confirm that people essentially cannot close the wage gap by working their way up the company hierarchy. While they may work their way up, the people who started above them do, too. They don’t catch up.
Now think about today’s young people. They’re buried in debt, thanks to government programs that have caused a third-party payer crisis. Yet they are having a hard time finding jobs because Obama’s policies are stunting the economy’s performance.
And even if they do find a job, the research suggests they will get paid less. Not just today, but for the foreseeable future.
Yet they gush over Obama. Go figure.
P.S. Goolsbee’s recent columns have been less impressive, perhaps because he feels the need to defend Obama.
P.P.S. I’m not suggesting that young people should have gushed over McCain or Romney. Just that they should view almost all politicians with disdain.
P.P.P.S. I also say in the interview that the government should get out of the housing business – both on the spending side of the budget and the revenue side of the budget. And it goes without saying that I also explain the need to reduce the burden of government spending.
1. Because young people are stupid or
2. They have been brainwashed by the public edumacational system.
Two words:
Public. Schools.
A very simple answer:
PARENTAL FAILURE!
Beause. They. Are. Stupid.
Possibly, impaired reasoning and the allure of hoping they will never have to work and be held accountable. Maybe...the allure of forever adolescence promised by the commie/socialists?
When I compiled a list of those who’d do a good job as executor of my estate I chose the oldest.*All* would have done a good job...that is,would have done their level best...but with age (usually) comes a certain wisdom.Kids of 18...or 25...or even 30....typically don’t have the wisdom that many (but not all) folks of my age have.They should have asked “why did Romney carry the 55 to 65 age group by such wide a margin?”
The “new normal”. Pouring out of the marxist propaganda matrix, dystopian drones advance the agenda
Ask the Soviets, the Germans under the Nazis, etc.
That’s an easy question to answer: they were brainwashed by the government Marxist educational system for 13 to 17+ years and thus have no capacity to think - or even function at any level above that of their cellphones, video games or popular TV shows like “American Idol”.
Or as someone elese said...
It’s easier to vote for a living than work for a living.
Wrong information voters, abstinence avoidance and morality legislation.
Frankly because, the GOP’s aren’t any better.
BRING BACK AMERICAN JOBS.
For crying out loud. The GOP is busy relocating American jobs elsewhere and then cannot figure out why people are not voting for them?
Maybe it somewhat reinforces the saying that if you’re 20 and not liberal you have no heart, and if you’re 40 and not conservative you have no brains.
Public schools may be horrible. But they’re no more horrible than the parents have allowed them to become. When children become moronic, or amoral, or criminal adults, the ultimate responsibility rests with them, and with the parents who raised, or didn’t raise the.
Because they’re the youth and haven’t had time to figure out the facts of life.
Government schools. 
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