If America’s youth want any chance at having a stable economic future, free from total government control, I suggest they put down the Kool-Aid and start drinking some tea.
In 2008, then-candidate Obama ran on a theme of “Hope and Change.”
In an attempt to get his young and impressionable base to “buck up,” President Obama spoke at a rally held for University of Wisconsin students in Madison yesterday.
“Now, two years ago, you defied the conventional wisdom in Washington. The message out there was, no, you can’t. No, you can’t overcome the cynicism of our politics. No, you can’t overcome the power of special interests in Washington. No, you can’t make real progress on the big challenges of our time. No, you can’t elect a skinny guy with a funny name, Barack Hussein Obama. They said, no, you can’t. But what did you say, Wisconsin?” the president said after joking about sports teams.
“Yes we can!” responded the audience.
President Obama went on to slam big corporations and “rich” people while failing to mention that those evil people and corporations give recent college graduates jobs, a very rare thing this day in age.
“The basic theory of the Republican leadership was you cut taxes mostly for millionaires and billionaires. You cut regulations for special interests, whether it’s the banks or the oil companies or health insurance companies,” he said. Hopefully none of the students in the audience were going to school to get their engineering or finance degree.
According to the Economic Policies Institute, unemployment among people 16-24 years old is 18.9 percent and on top of that, a majority of college graduates have been so discouraged looking for full employment that they have stopped looking altogether. Youth fortunate to actually land a job after graduating may not have one on January 1, 2011, due to President Obama and Nancy Pelosi’s refusal to extend the Bush tax cuts, leading to the biggest tax hike in American history. More taxes equal less money to pay workers, especially in the middle of a recession. Without this tax-cut extension, employers will be forced to cut employees along with salaries, and lucky recent graduates will be first ones the chopping block.
In addition to cutting jobs, the Obama administration and liberal politicians have further burdened employers and individuals with higher health insurance premiums thanks to the passing of ObamaCare. Obama touted to UW students that young people can now stay on their parents’ insurance plan until the age of 26, but what happens when those parents can no longer afford health insurance due to heavy government regulation and involvement?
|Katie Pavlich is the News Editor at Townhall.com. Follow her on Twitter @katiepavlich. She is also the author of Fast and Furious: Barack Obama's Bloodiest Scandal and the Shameless Cover-Up.
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Author Photo credit: Jensen Sutta Photography