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.
Because the new generation is obsessed with gayness.
Come on, the answer is simple.
The left understands to get them while they are children.
They started in the schools, it is called INDOCTRINATION!
He is so cool!
Exactly.
They kids know more about a reality show and default to the propaganda they have been brainwashed in the government school.
Frankly because, the GOP’s aren’t any better.................
You’ve got a point there!!
I used to think half of the American public were were halfway sane and at least had the capacity for rational thought.
But not after November, 2012!
Which uncle are you going to love when you’re a young and dumb kid? The uncle that works hard and takes care of his family or the pedophile uncle that brings you candy and takes you to the park and plays with you when daddy and mommy are gone?.../s
Because the Homosexuals worked hard to get their curriculum into our schools and parents stood by and did nothing and did not care, UNTIL: Jimmy came home and told his parents
” I think I am gay!!”
1 - It is bad to be judgemental
2 - To make decisions on feelings instead of facts
3 - What really counts is trying, not results (everyone gets a trophy)
4 - They believe critisim of Obama is mostly based on racism so they don't listen
Certainly that is a major part of the problem.
Another part is that these kids are raised by day care and others insteda of parents. Both parents working, and they try to make up for it by looking the other way and spoiling these kids into thinking everything in this country is free.
Teachers are brain washing them and later in college they have professional Communists and Socialists pushing Marxism to them. By the time they are 30 they begin to come around if they are smart. Some never are.
Think so?
These parents raised the kids with conservative values,a solid work ethic, belief in God, discussions of economic responsibility (including techniques), pretty much anything you would want.
The daughter turned out conservative, and is happy as can be to have just moved to a red state.
The son, who spent nine years as an Infantryman including two tours in Iraq, is a solid Obama voter.
I wish it was as cut and dried as you think.
Unpaid internships are all that’s available for the majority of college grads.
Two thirds of a trillion dollars buys a lot of votes...http://conservativebyte.com/2013/04/126-federal-anti-poverty-programs/
The young voters who voted for Obama can’t think for themselves. They are mentally dependent on professors, talk show hosts, MTV, and their drug dealers for guidance.
When they realize that Obama’s runaway spending will have to be paid by THEM, at some point they will wise up and realize how stupid they have been to have spent $100-200k for college education but not enough income to get a good paying job if they can find one. The Old Folks will be long dead by that time, but the baby boomers will be in their prime as long as Social Secuirty and Medicare remain solvent.
I have no ideas on how this situation will ever improve. Socialism exists only as long as there is money to be taxed or borrowed. When cash runs out, economies collapse and choas reigns.
Not necessarily so....you can teach a child morals, how to make good decisions, and what consequences are ......but you cannot make them choose these.
We all know parents who raised kids the right way to no avail.....when they make their decisions...it is their choices and theirs alone.
In my community one kids dad was abusive in every way....horrible treatment...today He's a Physician with a family of his own and respected in the community...........on the other hand, another kid who was taught all the right things, no abuse of any kind, chose to experiment with the dark side of life...ended up basically in the gutter holes of life...and then he died.
‘Generation Sodom’...thank a teacher today!
I have to agree with you. That, and they need their birth control paid for by someone else. They are a very sexually minded generation. Focused on themselves and not so much on the grand consequences of their actions or society's as a whole. The id is thriving in these guys while the superego is being starved to death. Society suffers as a result.
The Bible speaks of an “End Times Deception” that will sweep the world... think of this as group conditioning for that fateful day, when non will question, but mindlessly slip along the slide zone... “There are none so blind as those who will not see...” the deception is already deep and wide...
Although this group of youth is bad. They are nothing as bad as the youth of the 60’s who completely destroyed the country.
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