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.
Isn't that an age group that overwhelmingly went for Obama? I'm too lazy to check right now, but if it is then they've gotten the change they voted for. They might not have wanted it, or even known what they were getting, but they are getting exactly what they voted for.
There's almost NOBODY in the Obama administration who hasn't made their living by sucking off the government teat, period. They wouldn't know how to create a job if their lives depended on it. It's only going to get worse, folks. The damage being done right now will be felt for decades to come. Obama is a hard core Marxist, with a team that considers a destroyed economy to be a good opportunity to enact their Statist legislation. Congratulations, America. You got the change you voted for.
A study from the National Longitudinal Survey of Youth, a government database, said the damage to a new career by a recession can last 15 years. And if young Americans are not working and becoming productive members of society, they are less likely to make major purchases -- from cars to homes -- thus putting the US economy further behind the eight ball.
Angrisani said he believes that Obama's economic team, led by Larry Summers, has a blind spot for small business because no senior member of the team -- dominated by academics and veterans of big business -- has ever started and grown a business.
Labor Dept. statistics also show that the number of chronically unemployed -- those without a job for 27 weeks or more -- has also hit a post-WWII high.
If the Dems don't lose control of the House in 2010, then it's high time that the thinking part of the country cut off the liberal states like gangrenous limbs.