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  • Obama Hits the College Circuit for an Economy Speech Series

    7/22/2013 2:00:24 PM Posted by Hillary Cherry

    B2

    By: Brendon Najm, Sarah T. Hermann Intern Scholar

     

    Smug ObamaBarack Obama is choosing to give a series of speeches regarding the economy and jobs on the road. The location of the first speech on Wednesday is Knox College in Galesburg, IL. It's likely he looks forward to having a captive audience. However, he should probably be the subject of great skepticism.

    For the Obama administration, college students and their professors have been a great source of support. Unfortunately, they're also the source of souring job statistics. Colleges and universities are unemployment machines in the Obama economy. So many college students are finding themselves graduating and moving back home, unable to get the proper employment they need to get on a career path. Those entry-level positions are instead occupied by underemployed adults. It's quite the vicious circle.

    According to Labor Department Statistics, although unemployment is falling, from May to June we've experienced a 0.5% increase in underemployment. I guess those estimated 195,000 new jobs created in the month weren't so substantial. And it doesn't end there. According to Gallup, the underemployment numbers are even bleaker. Based on their polling, underemployment has increased from October of 2012 by 1.3% to a startling 17.2%. A far worse estimate than what's coming from the Labor Department.

    The administration has put a heavy emphasis on getting kids to college. Although that's great, they've proven to be generally unresponsive when graduates cannot find adequate work, other than provide time-biding handouts. Evidence of this is Obamacare, which is reducing hours for workers and shifting many to part-time work. The healthcare legislation accounts for the failure of putting graduates to work by allowing them to stay on their parents' health insurance until they're 26.

    It's all coming together now. Buckle up, grads. Since we seem committed to trading quality full-time jobs for government handouts, the rest of this presidency is going to be bleak.


    *Brendon is a senior political science and urban studies major at Canisius College in Buffalo, New York.

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