Are America’s youth suffering buyer’s remorse yet? They gave Obama their votes en masse and he’s given those youth unemployment en masse.
New stats from the Bureau of Labor Statistics tell the grim tale:
“The unemployment rate for young Americans has exploded to 52.2 percent — a post-World War II high, according to the Labor Dept. — meaning millions of Americans are staring at the likelihood that their lifetime earning potential will be diminished and, combined with the predicted slow economic recovery, their transition into productive members of society could be put on hold for an extended period of time.”
“The number represents the flip-side to the Labor Dept.’s report that the employment rate of 16-to-24 year olds has eroded to 46.6 percent — the lowest ratio of working young Americans in that age group, including all but those in the military, since WWII.”
Not to worry, because The Greatest President In History has this all figured out.
He’ll give half of them college scholarships and pay the other half to enlist in the Obama Youth Brigade.
Problem solved. Let’s play golf.
Source: New York Post, Social Capital
