America’s young people face harsh realities resulting from the Obama administration’s policies. The nation has lost 2.2 million jobs since President Barack Obama took office. The unemployment rate has gone from 7.6% to 9.1%.
The Huffington Post reports that up to 85 percent of 2011 college grads, saddled with record student debt, will be forced to live with their parents because they can’t find sufficient work. National Journal reports that more than 17 percent of 16-24-year olds who are looking for work are unable to find a job; this rate is nearing a 30-year high.
So you will have the facts in one place to rebut the leftist arguments, here are the top ten reasons why you don’t have a job in Obama’s America.
1. Stimulus Spending Only Stimulates Government
Ø From the beginning, the Obama administration’s original jobs plan killed jobs. The failed “stimulus” bill took productive money out of the private sector, stimulating corruption-ridden government largess and diminishing real job creation. A dollar spent by the government is one less dollar that can be used in the private sector to hire workers or to buy products that necessitate more workers. “Shovel ready jobs” was a lie.
2. Obamacare Drives Up Costs on Business
Ø The Obama administration’s takeover of health-care—one-sixth of the economy—also created thousands of pages of regulations and price controls that will further drive costs up for employers. Far from being a cost-cutter, the government takeover is expected to cost the United States $1.1 trillion from 2012 to 2021. Employers are hesitant to add employees when their health-care costs are unpredictable.
3. The Threat of Higher Taxes
Ø Maintaining the status quo with the highest corporate tax rate in the developed world is bad enough, but the Obama administration actually wants to raise taxes on job creators. When you tax job creation, you create fewer jobs.
4. Socialism Kills Incentive and Jobs
Ø The Obama administration’s addiction to colluding with big business and bailing out failing corporations has eliminated risk and destroyed any incentive to be effective. On the taxpayer’s dime, they have taken over automotive companies, banks, and the student loan industry. Who will they bailout next?
5. Red tape Muzzles Job Creators
Ø The Obama administration’s creation of 4,200 new bureaucratic regulations is devastating for businesses and eliminates incentives to hire new workers. The Washington Examiner estimates that businesses spend $10,500 per employee to comply with federal regulations. This administration promises even more regulations are on the way.
6. Radical Environmentalism Isn’t a Jobs Strategy
Ø Spending billions of taxpayer dollars on “green jobs” has not gotten us anywhere. David Brooks of the New York Times points out that one $300 million grant for green technology only produced 150 jobs—a whopping $2 million per job. The company Solyndra, which produce solar panels, received a $535 million dollar loan and quickly went belly up, laying off 1,100 workers in the process.
7. Obama’s Economic Ignorance
Ø When Obama blames “ATM machines” for destroying jobs, he scares the markets with his misunderstanding of free market economics.
8. Environmental Protection Agency Doesn’t Care About Jobs
Ø The Environmental Protection Agency (EPA) assistant administrator Mathy Stanislaus admitted that the EPA has “not directly taken a look at jobs.” This helps explain why—without approval from Congress—the EPA has pushed radical new greenhouse gas and ozone standards and raised energy costs for American businesses. This follows the President’s promise to make “electricity rates necessarily skyrocket.”
9. Beholden to the Unionopoly
Ø The Obama Administration’s National Labor Relations Board (NLRB) killed thousands of jobs by stopping Boeing from building a 787 Dreamliner plant in South Carolina simply because it is a right-to-work state. Such punitive policies drive businesses overseas, and the winner is this case is Europe’s Airbus.
10. Increasing the Minimum Wage
Ø Early into his term, the Obama administration passed a law increasing the minimum wage by a record amount, creating higher expenses for businesses and costing jobs for young people and entry-level workers.