As if the health bill, stimulus, and take over of car companies were not enough, Barack Obama's administration is now taking away the free market in which young people can choose to intern for a short period of time without pay. 
Erick Erickson from Red State Blog puts it this way:
"Barack Obama is telling teenagers and college students, who are now
suffering through a 26% unemployment rate, that they are not allowed to
volunteer their time in the free market in exchange for acquiring
valuable and relevant job skills that might, just might, get them off
the unemployment line — and that ignores the ability to make valuable
connections through networking in the workplace and build relationships
for future careers and opportunities. The lost opportunity just of the
loss of networking and relationship building is overwhelming and will
put some college students who did not go to the right school or belong
to the right fraternity or sorority or come from the right town at a
serious, serious disadvantage.
“If … you
want to pursue an internship with a for-profit employer, there aren’t
going to be many circumstances where you can have an internship and not be paid and still be in compliance with the law,” the Labor Department’s Nancy J. Leppink tells the New York Times.
The Times also quotes Trudy Steinfeld, director of New York
University’s Office of Career Services, regarding opportunities for
unpaid internships. “A few famous banks have called and said, ‘We’d
like to do this,’ said Ms. Steinfeld. “I said, ‘No way. You will not
list on this campus.’” To be fair, she doesn’t want a Labor Department
enforcer knocking on her door next week. But we wonder what NYU
students trying to get their feet in the doors of financial firms think
about Ms. Steinfeld rejecting opportunities on their behalf.
How all of this helps young people who are trying to develop marketable skills is a mystery."
Read Erickson's whole post here.