The cult of obama is appearing to coming apart at the seams. When even Yahoo starts to bring up the epic fail that is the current administration, even pussyfooting as would be expected of them? Somethings just not right and more and more of the American people are figuring that out. Not to mention that the linked story didn’t even go near the Gun Control issue.
Read about the epic fail: 7 Stories obama doesn’t want told.
So many things are going on at once that I think it’s a strategy of the left. Distract, and then slip things through that otherwise would not pass muster. Once again, The Patriot Post provides meaningful analysis.
“It is natural to man to indulge in the illusions of hope. We are apt to shut our eyes against a painful truth — and listen to the song of that siren, till she transforms us into beasts. … For my part, whatever anguish of spirit it might cost, I am willing to know the whole truth; to know the worst, and to provide for it.” –Patrick Henry
Sometimes the biggest lies come under cover of a truth.
Such was the case this week, when Barack Hussein Obama proffered this observation about deficits: “I think it is important, though, to recognize if we keep on adding to the debt, even in the midst of this recovery, that at some point, people could lose confidence in the U.S. economy in a way that could actually lead to a double-dip recession.”
“Keep on adding to the debt”? From this, one might conclude that Obama has never suggested such a thing, and is truly concerned about deficits.
His revelation came amid discussion of tax reductions engineered to increase employment, as if our Constitution has a provision for that, anymore than for Obama’s other proposals.
Obama is feigning concern about deficits now that there is discussion of tax cuts, which he concludes would increase deficits.
“At some point, people could lose confidence in the U.S. economy”? Like the Red Chinese, who hold more U.S. government debt than any other nation ($800 billion), and upon whom we are depending to fund more of our debt. No coincidence that Obama’s remarks were made while on his most recent appeasement tour in Beijing.
“Even in the midst of this recovery”? What recovery?
Oh, the one that his $787 billion “hope-n-change” big-government payout package was supposed to ensure?
At the time of that proposal, the nonpartisan Congressional Budget Office offered this summary: “In the longer run, the [Obama] legislation would result in a slight decrease in gross domestic product compared with CBO’s baseline economic forecast.” Put another way, the CBO static scoring projected that Obama’s big government pork giveaway would hinder economic recovery. Dynamic scoring by economists shows a much worse destiny.
But Obama warned, “If nothing is done, this recession might linger for years. Unemployment will approach double digits. Our nation will sink deeper into a crisis that, at some point, we may not be able to reverse.”
Now, after a quick assessment of the Obama Recovery through October, one is stuck with the conclusion that his spending spree has resulted in 10.2 percent unemployment — except, of course, in such places as Washington, DC, where government jobs are immune to recession.
That would be double-digit unemployment — so now you know why Obama cleverly framed his recovery program in terms of jobs “created or saved.” His administration announced that through October, the American Recovery Act had “created” or “saved” 640,329 jobs. However, a growing number of skeptics, even among his once-adoring media, found some very questionable accounting methods used to come up with that figure.
Asked about some of the discrepancies, Obama’s Recovery Czar, Ed Pound, responded, “Who knows, man, who really knows?”
Recovery reality check: Remember when Obama claimed, “This is our moment, this is our time to turn the page on the policies of the past, to offer a new direction”?
That is a reference to Obama’s v Reagan’s policies, big government solutions v. free enterprise solutions.
Ronald Reagan’s economic policies unleashed an unprecedented period of growth, which continued right up until the financial sector collapse in ’08, a calamity resulting from policies implemented during the Clinton years, which undermined the values of derivatives used as collateral due. Those policies, as we now know, gave license for Fannie Mae and Freddie Mac to back high-risk loans to unqualified buyers, thereby setting the stage for the subprime mortgage meltdown and the crash of 2008.
Recall that in 2005, Sen. John McCain sponsored the Federal Housing Enterprise Regulatory Reform Act, saying, “For years I have been concerned about the regulatory structure that governs Fannie Mae and Freddie Mac … and the sheer magnitude of these companies and the role they play in the housing market. … If Congress does not act, American taxpayers will continue to be exposed to the enormous risk that Fannie Mae and Freddie Mac pose to the housing market, the overall financial system, and the economy as a whole.”
McCain noted that Fannie Mae and Freddie Mac regulators concluded that profits were “illusions deliberately and systematically created by the company’s senior management.”
McCain was right, but Democrats, including Barney Frank, chairman of the House Financial Services Committee, ensured that nothing would be done to alter current practices at Fannie and Freddie. “These two entities … are not facing any kind of financial crisis,” Frank said at the time.
The net result of the derivative dilution was a crisis of confidence in the U.S. economy, second only to that which led to the Great Depression.
Remember when Obama claimed, “We are fundamentally transforming the United States of America”? Well, we’re in mid-transformation, and how are things looking now?
Obama also said, “Generations from now, we will be able to look back and tell our children that this was our time.”
Indeed, his time to saddle them and their children with unprecedented debt, not only from his “stimulus” folly, but next up, ObamaCare, and then his job-killing cap-and-tax scheme.
If you think you can count on the administration’s estimates of the true cost of ObamaCare, think again. The Washington Times recently reminded us of the estimated cost of Medicare shortly after Democrats implemented it in 1965. Then, it was predicted to cost $12 billion by 1990. In actuality, it cost $98 billion, which is to say the original estimate was short by more than a factor of seven.
In my home state of Tennessee, we’ve already been there and done that. Our state’s version of ObamaCare, known as TennCare, implemented by Democrats in 1994 ostensibly to contain healthcare expenses, has quickly grown to consume more than a third of state revenues.
The CBO now says that the $1 trillion estimated cost of ObamaCare is “subject to substantial uncertainty.” How’s that for qualifying understatement?
As for the big picture, U.S. National Debt topped the $12 trillion mark this week, or approximately $39,000 for every man, woman and child in America, and the federal deficit that Obama now pretends to be concerned about hit a record high $1.42 trillion for fiscal year 2009.
Obama’s administration projects that the national debt will top $14 trillion by this time next year, and my sense is that they’re being modest. At the current pace, within 10 years our national debt will exceed our Gross Domestic Product.
Of these staggering debt figures, Obama now claims, “I intend to take serious steps to reduce America’s long-term deficit because debt-driven growth cannot fuel America’s long-term prosperity.”
But, what’s his real endgame?
We can be certain that Obama’s solution to deficits will not be less government. Instead, it will be unprecedented tax increases, a.k.a., socialist redistribution of wealth, a.k.a., “the fundamental transformation of America.”
The Tax Foundation now estimates that to offset deficits, “Federal income tax rates would have to be nearly tripled across the income spectrum,” with the lowest bracket at 27 percent and the highest at 95. Even the CBO estimates that rates would have to exceed 80 percent, and that’s before state and local taxes.
Do you get the picture, folks?
Obama will succeed in his effort to socialize the U.S. economy, using the tax code as his hammer and sickle, unless growing ranks of Americans object to the fact that he has no constitutional authority to do so.
In the meantime, Patriots, keep your powder dry.
Semper Vigilo, Fortis, Paratus et Fidelis!
Mark Alexander
Publisher, PatriotPost.US
Yesterdays Patriot Post posed several questions, and answers. Using the work of three of America’s brightest minds from past and present an assessment is made of the current status here in America. Draw your own conclusions.
“It is obvious what the fraudulent issue of fascism versus communism accomplishes: it sets up, as opposites, two variants of the same political system; it eliminates the possibility of considering capitalism; it switches the choice of ‘Freedom or dictatorship?’ into ‘Which kind of dictatorship?’ — thus establishing dictatorship as an inevitable fact and offering only a choice of rulers. The choice — according to the proponents of that fraud — is: a dictatorship of the rich (fascism) or a dictatorship of the poor (communism). That fraud collapsed in the 1940’s, in the aftermath of World War II. It is too obvious, too easily demonstrable that fascism and communism are not two opposites, but two rival gangs fighting over the same territory — that both are variants of statism, based on the collectivist principle that man is the rightless slave of the state — that both are socialistic, in theory, in practice, and in the explicit statements of their leaders — that under both systems, the poor are enslaved and the rich are expropriated in favor of a ruling clique — that fascism is not the product of the political ‘right,’ but of the ‘left’ — that the basic issue is not ‘rich versus poor,’ but man versus the state, or: individual rights versus totalitarian government — which means: capitalism versus socialism.” –philosopher and novelist Ayn Rand (1905-1982)
“Just one year ago, would you have believed that an unelected government official, not even a Cabinet member confirmed by the Senate but simply one of the many ‘czars’ appointed by the President, could arbitrarily cut the pay of executives in private businesses by 50 percent or 90 percent? Did you think that another ‘czar’ would be talking about restricting talk radio? That there would be plans afloat to subsidize newspapers — that is, to create a situation where some newspapers’ survival would depend on the government liking what they publish? Did you imagine that anyone would even be talking about having a panel of so-called ‘experts’ deciding who could and could not get life-saving medical treatments? Scary as that is from a medical standpoint, it is also chilling from the standpoint of freedom. If you have a mother who needs a heart operation or a child with some dire medical condition, how free would you feel to speak out against an administration that has the power to make life and death decisions about your loved ones? Does any of this sound like America? How about a federal agency giving school children material to enlist them on the side of the president? Merely being assigned to sing his praises in class is apparently not enough. How much of America would be left if the federal government continued on this path? … How far the President will go depends of course on how much resistance he meets. But the direction in which he is trying to go tells us more than all his rhetoric or media spin. Barack Obama has not only said that he is out to ‘change the United States of America,’ the people he has been associated with for years have expressed in words and deeds their hostility to the values, the principles and the people of this country. … Nothing so epitomizes President Obama’s own contempt for American values and traditions like trying to ram two bills through Congress in his first year — each bill more than a thousand pages long — too fast for either of them to be read, much less discussed. That he succeeded only the first time says that some people are starting to wake up. Whether enough people will wake up in time to keep America from being dismantled, piece by piece, is another question — and the biggest question for this generation.” –economist Thomas Sowell
“Ah! Re-regulation. What a great idea. As I recall, the Soviet Union and old Eastern Bloc tried heavy government control and regulation, and it didn’t work. The people rebelled. They wanted economic freedom, the right to keep their own money, the right to start their own businesses and the right to climb the ladder of success in a free economy. Now here’s a counter-thought. The Ronald Reagan free-market revolution, which included regulation lite, a sound dollar and low tax rates, launched a three-decade-long boom. And yes, the Gipper’s policies were copied around the world. … So why not try something different? Unfashionable as it may be today, why not go back to the supply-side model of lower marginal tax rates for individuals and businesses, large and small? … It’s the incentive model of economic growth. At lower tax rates, where folks keep more of what they earn and invest, greater after-tax rewards spur greater work effort and investment risk. They also boost asset values. This is exactly what the economy needs: a rejuvenated dose of incentives — permanent incentives. Think of this: At the same wage level from cost-conscious businesses, a 10 percent personal tax cut provides a handsome after-tax wage-increase incentive that will spur individuals to go back to work — simply because work will pay more after-tax. … That’s the message for economic freedom fighters everywhere: Unite, and throw off your chains. Especially here in America.” –economist Lawrence Kudlow
For a decade, the Centers for Disease Control and Prevention has been forbidden by Congress from doing research on gun-control issues. Such piddling hurdles as federal law don’t matter to the Obama administration.
With a wave of a hand, the CDC has simply redefined gun-control research so the ban no longer applies. They’re not researching guns; they’re researching alcohol sales and their impact on gun violence, or researching how teens carrying guns affect the rates of non-gun injuries. “These particular grants do not address gun control; rather they deal with the surrounding web of circumstances,” wrote National Institutes of Health (NIH) spokesman Don Ralbovsky.
Gun-control advocates claim that banning the CDC from examining gun control amounts to a gag order on science. After all, what can be wrong with further scientific inquiry? But the issue isn’t about scientific inquiry. It is whether government resources should be used to promote an ideological agenda.
Take the Obama administration’s justification for its new gun research. “Gun-related violence is a public health problem – it diverts considerable health care resources away from other problems and, therefore, is of interest to NIH,” wrote the agency spokesman in an e-mail responding to questions from Republican members of Congress about new grants the CDC is giving out. The statement assumes the conclusion of the research before the first study is done.
The research on right-to-carry laws illustrates the problem with the CDC. Dozens of refereed academic studies by economists and criminologists using national data have been published in journals. While the vast majority of those studies find that right-to-carry laws save lives and reduce harm to victims, some studies claim that the laws have no statistically significant effect. But most tellingly, there is not a single published refereed academic study by a criminologist or economist showing a bad effect from these laws.
Look at the refereed academic research on laws that require people to lock up their guns in their homes. The number of accidental gun deaths and suicides of children remain unchanged, but the number of murders and other crimes rises. This is not too surprising as the locks make it more difficult for potential victims to quickly obtain a gun for protection, hence criminals are less likely to be deterred. Accidental gun deaths aren’t affected because most involve guns fired by adults with criminal records.
The research on guns that the CDC conducted before the ban – and that “public health” advocates continue to produce – is a joke. The statistical methods to research people’s behavior, such as criminal activity, are different from methods used to evaluate drug efficacy, where controlled experiments can be done.
In drug studies, patients don’t determine who gets the real drug and who gets the placebo. In real life, gun ownership isn’t assigned randomly. People who are more likely to be victims are more likely to own guns. They may still be more likely to be victims even after getting a gun, but are much less likely to be a victim than they would have been if they had never gotten one.
The CDC’s brazen end run around restrictions on gun-control research is hardly surprising given that when President Obama served on the board of the Joyce Foundation, it was the largest private funder of gun-ban research in the country. Now he has the resources of the whole federal government.
First we’ll get the half-baked studies followed by fawning press coverage. Then Democratic politicians and activists will pretend the gun restrictions they’ve always wanted were spurred by the new government research.
Well, we warned you!
Gallup released poll results that confirm our contention that the President is indeed Gun Salesman of the year. While, as noted in the poll he himself has not proposed any firearms legislation, the legions of his minions certainly have, and he has not once. Not one single time said so much as a whisper in opposition to them. Whether it is something so drastic as giving away American sovereignty to the United Nations, or trying to control Mexico’s home grown endemic corruption and violence by destroying America’s Constitution he remains silent.
Hat tip to Anthony: Obama co-conspirators in the destruction of America are many, and are much more radical than most anticipated. Don’t think so? Read about them HERE.
As Gallup confirmed, I am not alone in my beliefs. Read about that HERE.
The incredible extremism of those that surround Obama can only be summed up by an old saying. “Birds of a feather flock together.” Perhaps the time has come to revive local militias, and prepare for the inevitable showdown that is on the horizon.
The obama cretins pissed on American sovereignty. Trashing our unalienable rights acknowledged in the Constitution and Bill of Rights can lead to no good whatsoever. Next it will be Americans being tried in some dumb ass world court stuffed with America haters.
WASHINGTON (Reuters) – The United States reversed policy on Wednesday and said it would back launching talks on a treaty to regulate arms sales as long as the talks operated by consensus, a stance critics said gave every nation a veto.
The decision, announced in a statement released by the U.S. State Department, overturns the position of former President George W. Bush’s administration, which had opposed such a treaty on the grounds that national controls were better.
U.S. Secretary of State Hillary Clinton said the United States would support the talks as long as the negotiating forum, the so-called Conference on the Arms Trade Treaty, “operates under the rules of consensus decision-making.”
“Consensus is needed to ensure the widest possible support for the Treaty and to avoid loopholes in the Treaty that can be exploited by those wishing to export arms irresponsibly,” Clinton said in a written statement.
While praising the Obama administration’s decision to overturn the Bush-era policy and to proceed with negotiations to regulate conventional arms sales, some groups criticized the U.S. insistence that decisions on the treaty be unanimous.
“The shift in position by the world’s biggest arms exporter is a major breakthrough in launching formal negotiations at the United Nations in order to prevent irresponsible arms transfers,” Amnesty International and Oxfam International said in a joint statement.
However, they said insisting that decisions on the treaty be made by consensus “could fatally weaken a final deal.”
This will be on Oct 11th :
Sunday night at 9 PM Eastern.
This Sunday Fox news, is going to air a very important documentary about President Barack Obama, Sunday night at 9 PM Eastern.
The report will go back to Obama’s earlier days, showing even then his close ties to radical Marxist professors, friends, spiritual advisers, etc.
It will also reveal detail his ties to Rev.. Wright for 20+ yrs.
How he was participating with this man, and not for the reasons he
states!
The report has uncovered more of Obama’s radical past and we will see things that no one in the media is willing to put out there. It will be a segment to remember.
Mark your calendar and pass this on to everyone you know: Sunday night, 8 PM. CT ; 9 PM ET. Democrat or Republican, this report will open your eyes to how YOUR country is being sold down the road to Totalitarian Socialism. If you care about the direction of our country,
Pass this notice on to everyone you know.
email from poligotcha is the source
You heard it here first! Obamacare (caps only for grammar purpose’s) The devil, is ALWAYS in the details! Well, the details are starting to roll in, and, as I warned. The obamacare assault on personal freedom and liberty will be a back door attempt at gun control.
Recently, a good friend and fellow bloger has gotten into a spitting match with a Texas Mayor. I have refrained from commenting, as I intend to allow this…. So-called Gun Rights supporter to spew enough rope to hang His-self… And? You knew it was coming! 😀
Most of the comments at my friends website, as well as at a local MSM outlet call for enforcement of all existing laws… Friends, Americans, Liberty Countrymen across the world!
I call for fewer laws that restrict any persons ability to defend themselves…
I call for the repeal of laws that take away anyone’s unalienable rights save conviction of classic felony’s or demonstrated mental incompetence. No more Lautenberg, period. He is a proved traitor to his oath to uphold our Constitution. No more Schumer; he is Lautenberg’s Page. No more Pelosi. We are not her grandchildren. Ex post facto law is immoral, and I don’t give a damn if the Supreme Court endorsed it being the cowards that they are. The list goes on, but those are the main players in the drum roll to abolish freedom and liberty. Not just here, but world wide. The obaminaion is their lap dog.
Read on…
Gun Owners of America E-Mail Alert
8001 Forbes Place, Suite 102, Springfield, VA 22151
Phone: 703-321-8585 / FAX: 703-321-8408
Senate Finance Committee Chairman Max Baucus has something to say to gun owners: “Own a gun; lose your coverage!”
Baucus’ socialized health care bill comes up for a Finance Committee vote on Tuesday. We have waited and waited and waited for the shifty Baucus to release legislative language. But he has refused to release anything but a summary — and we will never have a Congressional Budget Office cost assessment based on actual legislation. Even the summary was kept secret for a long time.
But, on the basis of the summary, the Baucus bill (which is still unnumbered) tells us virtually nothing about what kind of policy Americans will be required to purchase under penalty of law — nor the consequences. It simply says:
* “all U.S. citizens and legal residents would be required to purchase coverage through (1) the individual market…”;
* “individuals would be required to report on their federal income tax return the months for which they maintain the required minimum health coverage…”;
* in addition to an extensive list of statutorily mandated coverage, HHS Secretary Kathleen Sebelius would be empowered to “define and update the categories of treatments, items, and services…” within an insurance plan which would be covered in a policy constituting “required minimum health coverage.”
ObamaCare and gun control
It is nearly certain that coverage prescribed by the administration will, to control costs, exclude coverage for what it regards as excessively dangerous activities. And, given Sebelius’ well-established antipathy to the Second Amendment — she vetoed concealed carry legislation as governor of Kansas — we presume she will define these dangerous activities to include hunting and self-defense using a firearm. It is even possible that the Obama-prescribed policy could preclude reimbursement of any kind in a household which keeps a loaded firearm for self-defense.
The ObamaCare bill already contains language that will punish Americans who engage in unhealthy behavior by allowing insurers to charge them higher insurance premiums. (What constitutes an unhealthy lifestyle is, of course, to be defined by legislators.) Don’t be surprised if an anti-gun nut like Sebelius uses this line of thinking to impose ObamaCare policies which result in a back-door gun ban on any American who owns “dangerous” firearms.
After all, insurers already (and routinely) drop homeowners from their policies for owning certain types of guns or for refusing to use trigger locks (that is, for keeping their guns ready for self-defense!). While not all insurers practice this anti-gun behavior, Gun Owners of America has documented that some do — Prudential and State Farm being two of the most well-known.
The good news is that because homeowner insurance is private (and is still subject to the free market) you can go to another company if one drops you. But what are you going to do under nationalized ObamaCare when the regulations written by Secretary Sebelius suspend the applicability of your government-mandated policy because of your gun ownership?
All of this is in addition to something that GOA has been warning you about for several months … the certainty that minimum acceptable policies will dump your gun information into a federal database … a certainty that is reinforced by language in the summary providing for a study to “encourage increased meaningful use of electronic health records.”
Remember, the federal government has already denied more than 150,000 military veterans the right to own guns, without their being convicted of a crime or receiving any due process of law. They were denied because of medical information (such as PTSD) that the FBI later determined disqualified these veterans to own guns.
Is this what we need on a national level being applied to every gun owner in America?
Incidentally, failure to comply would subject the average family to $1,500 in fines — and possibly more for a household with older teens. And, although a Schumer amendment purports to exempt Americans from prison sentences for non-purchase of an ObamaPolicy — something which was never at issue — it doesn’t prohibit them from being sent to prison for a year and fined an additional $25,000 under the Internal Revenue Code for non-payment of the initial fines.
ACTION: Contact your two U.S. Senators. Ask him or her, in the strongest terms, to vote against the phony Baucus bill.
You can use the Gun Owners Legislative Action Center at http://www.gunowners.org/activism.htm to send your senators the pre-written e-mail message below.
—– Pre-written letter —–
Dear Senator:
You already know that the phony Baucus bill:
* Is predicated on $283 billion in phony “cuts” which have never, never ever been realized since a similar commitment to cut Medicare costs in the Balanced Budget Act of 1997 — and will never, never ever be realized under the Baucus bill;
* Requires massive numbers of Americans to have government-approved insurance which the CBO predicts will be more expensive than current policies;
* Refuses to provide a cost for these policies, making it almost certain that more and more Americans will find insurance beyond their reach;
* Has no legislative language and nothing but a CBO “guesstimate” of the cost and benefits, based on a summary.
On the basis of the summary, the Baucus bill tells us virtually nothing about what kind of policy Americans will be required to purchase under penalty of law — nor the consequences. It does say that the “Secretary of HHS [Kathleen Sebelius] would be required to define and update the categories of treatments, items, and services…” within an insurance plan which would be covered in a policy constituting “required minimum health coverage.”
This could spell trouble for gun owners.
It is nearly certain that coverage prescribed by the administration will, to control costs, exclude coverage for what it regards as excessively dangerous activities. And, given Sebelius’ well-established antipathy to the Second Amendment — she vetoed concealed carry legislation as governor of Kansas — I presume she will define these dangerous activities to include hunting and self-defense using a firearm. It is even possible that the Obama-prescribed policy could preclude reimbursement of any kind in a household which keeps a loaded firearm for self-defense.
This is, of course, in addition to the certainty that minimum acceptable policies will dump my gun information into a federal database — a certainty that is reinforced by language in the summary providing for a study to “encourage increased meaningful use of electronic health records.”
Incidentally, failure to comply would subject the average family to $1,500 in fines — and possibly more for a household with older teens. And, although a Schumer amendment purports to exempt Americans from prison sentences for non-purchase of an ObamaPolicy — something which was never at issue — it doesn’t prohibit them from being sent to prison for a year and fined an additional $25,000 under the Internal Revenue Code for non-payment of the initial fines.
Please oppose the Baucus bill.
Sincerely,
What follows is nothing more than what anyone learns in Economics 101. What does that tell you about the so-called leaders that we have around the nation..?
What should young adults be thinking about who they support politically?
A report just released by the Tax Foundation has given the unwelcome title of least “business-friendly” states to — no surprises here — New Jersey, New York and California. On the other end of the spectrum is South Dakota, which has the most business-friendly tax system, followed by Wyoming and Alaska. Evaluating states based on taxes that matter most to businesses — corporate income, individual income, sales, unemployment insurance and property taxes — the foundation found that the blue state trio boasts “the most inhospitable [tax structures] to economic growth.” The foundation noted, “The ideal tax system … is simple, transparent, stable, neutral to business activity, and pro-growth.”
Interestingly, a study released earlier this year by the Mercatus Center at George Mason University ranked the same bottom three states among the five least free states in the country in terms of economic and personal freedom as measured by “state and local government intervention across a wide range of public policies.” New Hampshire, which tied for first in freedom, also came in as one of the Tax Foundation’s most business-friendly states.
Unfortunately, the most anti-business states have yet to fully grasp the connection. For example, it appeared to be news to California Gov. Arnold Schwarzenegger’s office when it announced this week that small business regulations have cost the state $492 billion and a whopping 3.8 million jobs, amounting to $134,122 and one job loss per small business in 2007.
So, freedom = economic growth, while burdensome government regulations = economic contraction. Coincidence? We think not.
Young voters went for Barack Obama by a 2-1 margin but they seem to be the generation hardest hit on the job front, with an unemployment rate significantly above the national 9.8 percent mark. Economists and other experts blame the increase in the minimum wage for part of the problem, yet layoffs and decreased hours among older workers have also backed up the job market. Entry-level jobs once performed by youths are being filled by adults who are punctual, polite, professional and simply grateful to have a job, even at minimum wage.
The consequences of this trend may turn out to be severe. Youths who can’t get that first opportunity may be held back economically for up to 15 years, according to a government study. This translates into slower economic growth down the road as a generation handicapped by high unemployment and jobs farther down the economic scale than their parents enjoyed at the same age attempts to scrape together funding to buy a house, a new car, or other needs and desires. Then again, as a demographic group, these young people are reaping exactly what they voted for.
“We’re putting Americans back to work doing the work that America needs done: Rebuilding roads, bridges and new schools, and all manner of construction projects across all 50 states. I’m not going to rest. I know the governors and candidates here are not going to rest, and I know that the American people are not going to rest until everybody who’s looking for work can find a job.” –The One, BO, just before the Labor Department announced another 263,000 lost jobs in September, which raised unemployment to 9.8 percent
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