Monday, November 5, 2012

Down and Out in Obama’s America

The jobs report for the month of October released on Friday reveals a bleak outlook and lack of opportunity for younger workers in the Obama economy.
As CNN Money blog reported, the liberal Center for American Progress hailed the employment numbers while businessmen emphasized their inadequacy.
“The broader economy is still just limping along,” Bill Dunkelberg, chief economist for the National Federation of Independent Business, told CNN. “We don’t really see any major pickup in job growth.”
Generation Opportunity, a nonpartisan youth polling organization, reinforced Dunkelberg’s statement in its own report on the jobs numbers.
Generation Opportunity highlighted the figures for youth (18 to 29) unemployment, which stands at 12 percent.
Certain demographics are suffering even more. Youth unemployment for African Americans rose to 21.4 percent in October. Hispanic youth unemployment rose to 13.4 percent.
“The fact that unemployment numbers for young Americans have increased since the month of September” tells young people that “the economy under President Obama is not improving at a rate that will make a difference in restoring their stalled careers and damaged dreams,” Paul T. Conway, president of Generation Opportunity, told the Washington Free Beacon
“Across the country and in states like Ohio, where 63 percent of young adult independents say that policies coming from Washington are hurting them, Millennials will see today’s news as all the more reason to vote for change on Tuesday.”
“The president and his policies are responsible for the largest drop in support among young voters for any sitting president in recent history,” Conway concluded.
Conway rejected the idea that Millennials are simply too lazy to find work.
“The fault rests not with the individual but rather with the president and his team, because absent his failed economic policies, this generation would already have contributed with their skills and education to the restoration of the American economy,” Conway said.
Rep. Allen West (R., Fla.) agreed that the economy had not sufficiently improved.

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