YMI2

By Ron Meyer, Young America’s Foundation
Spokesman

The Great Youth Depression is only getting bleaker, and the ugly
statistics keep piling up for the Obama administration.

Last year, we learned 85 percent of the 2011 college
class moved in with their parents
. This year, 53
percent of young Americans are either unemployed or
underemployed
. And, the Obama administration has the
worst summer youth jobs numbers ever recorded–youth unemployment has remained over 16 percent all four years
.

And today, we learned from a
PayScale.com survey
 that of the 63 percent of young
Americans who hold bachelor’s degrees, less than half of
them have jobs requiring a college education
. During this
recession, youth salaries have dropped 10 percent
as young people have been forced to take lower-paying jobs.

When will the carnage stop?

Not soon. Yesterday, Stephanie Cutter, a close accomplice to the
Obama administration, claimed that the Obama administration’s
recovery is going better than the Reagan administration’s. 

Spare
me.

Bragging about job creation when the vast majority of young
Americans are unemployed or underemployed is insulting–especially
when Cutter lies about President Reagan’s record.

Not only did the Reagan recovery produce more than three times
the amount of jobs (9.8 million vs. 2.7 million in first 37 months
after recession), youth jobs dramatically increased too. From the
Reagan recovery to the end of his administration, youth
unemployment went from 18.8 percent to 10.7
percent
.  

President Reagan empowered the private sector to build jobs. The
Obama administration has only built more barriers to hiring young
Americans.

The Obama administration has added more than $46 billion
to the cost of regulations on businesses
through bills
like ObamaCare. That’s the equivalent of more than 1million jobs (with salaries at the national average).
The government is spending more than $33,000 per
taxpayer
 and sucking the lifeblood out of our
economy.

It’s no wonder young people are miserable.

Instead of talking up their failed record, the Obama
administration needs to promote policies which employ young
Americans. This means empowering the private sector and pressuring
higher education to produce a more usable product.

Tuition, taxes, spending, and regulations have skyrocketed under
the Obama administration, and if the Obama administration is
serious about helping young Americans, they should address those
issues now.

Ron Meyer–age 22–is the spokesman for Young
America’s Foundation. He’s a frequent guest on Fox News and the
Sean Hannity Radio Show. Email him at
rmeyer@yaf.org. 

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