Sunday, September 27, 2009

The Dead End Kids

by Richard Wilner - September 27th, 2009 - New York Post

The unemployment rate for young Americans has exploded to 52.2 percent -- a post-World War II high, according to the Labor Dept. -- meaning millions of Americans are staring at the likelihood that their lifetime earning potential will be diminished and, combined with the predicted slow economic recovery, their transition into productive members of society could be put on hold for an extended period of time.

And worse, without a clear economic recovery plan aimed at creating entry-level jobs, the odds of many of these young adults -- aged 16 to 24, excluding students -- getting a job and moving out of their parents' houses are long. Young workers have been among the hardest hit during the current recession -- in which a total of 9.5 million jobs have been lost.

There is not a single political appointment by Barack Obama in his growing regime of socialists who has EVER had their own company and had to make a payroll. Not one. Barack Obama and the Democrats are clueless about small business. Then again, I think it honest to say that George Bush and his Republican supporters were clueless about small business as well. Bush only stood by his Wall Street cronies and big business. He loved big business as much as he loved big government.

Bush did some things right, but not enough things right. People forget he was the first of our recent Presidents to think that handing out tax rebates would stimulate the economy. They didn't. He was the first to think that bailouts for huge corporations that had failed due to stupid business practices was an acceptable use of our tax dollars. It wasn't. Bush was also guilty of making our money worthless with ignorant monetary policy. That was indefensible.

However as bad as Bush was, Obama is vastly more damaging. The proof is in this story. The young cannot get jobs because of Obama. I know that Obama is still ranting about how he "inherited" these problems. Yet people have got to see that we are not coming out of the recession the way we always have before (except for the similar failure during the depression when the same ignorant actions were taken - why isn't that a lesson Obama can learn). This is due to how Obama is trying to fix the problems. The coming second plunge down during this crisis is ALL Obama. It was not necessary. It will condemn our young to a permanent lifetime reduction in wealth.

Now that is not change you can believe in.


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