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.
For the same reason almost all advertising is oriented around people under 30. They are easier to reach on an emotional level because they pay attention to the music, not the words.
Look at how much effort is put into making the Obama's look hip and cool. It is intended to convince young people that Obama is one of them.
No matter how badly Obama screws things up, he is one of them not one of the "others". All his failings will be attributed to "others."
The "others" are most naturally republicans, but it is anyone who is "not one of us".
The democrats meme for gaining power requires them to use that power only for gaining and keeping that power. They lurch from one pyrrhic victory to another, always making things worse as fuel to continually blame on someone.
They are gaining more power over less and less.
They are bankrupting the government and systematically destroying the unity of the states. The music grows ever more discordant with the words, like a wedding march at a funeral.
Stupid
Spite
Silly
Spoiled
Stupid
Self-centered
Self-absorbed
Join in...
There was a great article six months to a year ago about how Obama is more of a “brand” than a leader. People, especially young people, support him because it’s the cool thing to do, and it makes them look cool to their peers. Their self worth actually feeds off of it, just like any other successful branding campaign.
government schools.
they are complete and total idiots
Majority of young whites voted for Romney.
She was just offered $80,000 a year as a Digital Analyst for a marketing firm in Portland! Amazing!! For those who would like to know, she got a Business degree with an emphasis in marketing from University of Oregon, Lundquist School of Business.
My son dropped out of college and started his own chimney sweep business and is almost making as much as his sister. He couldn't find a job he liked so he created one!
Wow, how did they do it?
Answer: Stupid inexperience with a thin coating of brainwashing. Most will grow out of it. However, in the meantime they are doing great damage.
Because they are old enough to see the problems, but lack the experience and wisdom to deal with them.
When I was in the Army, some of the Enlisted Soldiers would gripe about the Second Lieutenants. They said that the Second lieutenants were too gung-ho and didn’t know anything. I told them that Second Lieutenants were invaluable to the Army. They are full of piss and vinegar and think that anything can be accomplished. The Army needed their energy.
I see young college grads in the same light. They are invaluable to our society. They are full of piss and vinegar and they think anything can be accomplished. The key to turning a shave tail Second Lieutenant into a mature, high-performing Officer was to pair that Second Lieutenant with a seasoned Non-Commissioned Officer who knew how to train Second Lieutenants. I think it’s the same with young college grads. They need a mentor, someone who has been with the organization for a while. Don’t complain about youthful energy, harness it for good.
All telling was a Twitchy feed I read in January that was FULL of young idiots tweeting that they couldn’t figure out why their work hours had “suddenly” been cut to 29!!
Also were “cries” that they “couldn’t live on” 29/hours/week.Of course they blamed the companies they worked for and NOT the policies of the president they voted for.
Brainwashed by liberal academia, particularly from sociology and political science professors.
Btw, I’m in a debate / conversation with one and can’t remember that modern socialist theory duo that obama loves. Its a hyphenated word with both the theorists’ names, i think. It has something in the name like... clivins.. pivins... pickins...
???
Media
Michelle Malkin Tears Into Celebrities: Obama Ain’t Your Daddy, Boyfriend or God
Feb. 7, 2013 4:15pm Jason Howerton
Conservative columnist and Fox News contributor Michelle Malkin, like many Americans, were shocked when actor Chris Rock referred to President Barack Obama as “our boss” and the “dad of the country” on Wednesday. In reality, the president of the United States is an elected official who represents the American people — so they are actually the president’s boss.
Marxist public schools, universities, and news media.
Sh*t-for-brains
Too ignorant to understand the difference between idealism and ideology.
But then again, why would you expect a different outcome of a product of a “free” government education?
We Are Living in a Dying Country
April 05, 2013
RUSH: Folks, I don’t know how else to categorize this. We are living in a dying country. I don’t know how else to categorize what’s happening — 88,000 new jobs. The unemployment rate, because of a terrible statistic, is down to 7.6%. The number of people in this country who are not working is shameful. Ninety million Americans are no longer in the workforce. Ninety million. People not in the labor force grew by 663,000, and now 90 million. That’s the labor force participation rate. This is 1979 levels. The only difference is that we don’t have an election around the corner to fix it like we did in 1979.
http://www.rushlimbaugh.com/daily/2013/04/05/we_are_living_in_a_dying_country
Zero tells them the Conservatives, Religious, and Republicans did it and he’s trying to make it better. Being young and stupid and publik school edumacated, they believe him.
February 18, 2013
The Risk of Obama’s Universal Daycare
By Robert Weissberg
Scientists may eventually decode the Radical Egalitarian genome and, rest assured, they will find a totalitarian gene. But, even without this research, the evidence for this gene’s existence is overwhelming — what begins as an idealistic Utopian vision inescapably mutates into forceful all-encompassing state intrusion, everything from telling us what to think to how to raise children.
The latest expression of this gene is President Obama’s call to expand early childhood education. Admittedly, this hardly appears “totalitarian” but this is deceptive. Heavy-handed state intrusion always beings innocuously, a “good idea” to cure a seeming intractable problem but as one intervention after the next falls short, state power expands and personal freedom slips away.
Obama’s initiative is only emerging but its key elements are clear. A state-federal partnership will guarantee a pre-kindergarten education to every family whose income falls below 200% of the poverty line ($38,000 for a single parent with two children). Head Start will also be massively expanded (it currently consumes $7.6 billion). More money will also go to the Nurse Family Partnership program with its home visits to assist in parenting.
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