RSSObama Hope & Change … 85% of College Graduates Move Back in With Mom & Dad
College graduates … “YES WE CAN, LIVE AT HOME”.
The college graduates are coming home to roost. According to a Times article, 85% of new college graduates move back in with mommy and daddy following graduation. Thanks Barack. Welcome to President Barack Obama’s “Hope & Change” with his failed economic policies. For all those young people who blindly supported Obama in 2008, I wonder how they feel now that they find it difficult to get a job and have to move back in with mom and dad?
Surprise, surprise: Thanks to a high unemployment rate for new grads, many of those with diplomas fresh off the press are making a return to Mom and Dad’s place. In fact, according to a poll conducted by consulting firm Twentysomething Inc., some 85% of graduates will soon remember what Mom’s cooking tastes like.
Times are undeniably tough. Reports (Video) have placed the unemployment rate for the under-25 group as high as 54%. Many of these unemployed graduates are choosing to go into higher education in an attempt to wait out the job market, while others are going anywhere — and doing anything — for work. Meanwhile, moving back home helps with expenses and paying off student loans.
“The youth bloom is off the rose”
From the King Politics, via the Gateway Pundit comes the following map of the 2008 youth vote. How much of that vote can Obama really count on in 2012? These once insulated college kids are now facing the cold hard facts that they are without a job and living back at home. This is hardly what they anticipated when Obama made all the “unicorn and glitter” promises of “yes we can”.
As the Lonely Conservative, one of my new favorite blogs states, its going to be difficult for Obama to blame this one on George W. Bush. The fact of the matter is that Obama’s policies have been damaging to the recovery of the US economy. We presently are at 9.0% unemployment and just had yet another poor jobs report out today. First time unemployment claims fell to 434K, but this is still a terrible number.
In a completely separate issue, but just as important when it comes to jobs, Barack Obama, the first black President has done little for blacks with jobs and employment. The employment rate for black men has fallen to an all time low.
If the election of America’s first African-American president was expected to give blacks an economic boost, it hasn’t emerged yet. Indeed, the percentage of African-American men with a job has dropped to its lowest level since records began in 1972, according to the government’s monthly jobs report released last week.
Even as the economy added a better-than-expected 244,000 jobs, the percentage of black males over 20 who are currently employed dropped slightly to 56.9, the Labor Department’s April report shows. For whites, the equivalent figure is 68.1 percent.
Before this recession, the percentage of black adult men with a job had never dropped below 60 percent, according to Labor Department statistics.
Posted May 12, 2011 by Scared Monkeys 2012 Elections, Barack Obama, Economy, Jobs, Obamanation, Obamanomics, Presidential Election, Unemployment | 10 comments |
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10 Responses to “Obama Hope & Change … 85% of College Graduates Move Back in With Mom & Dad”
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They should have done their homework or at least considered that many on the right were not wrong. What did they think Obama meant by “fundemental transformation of America”? Gee, what is the opposite of the greatest country in the world? It means that we would become a third world nation where three generations live under the same roof.
We are almost there.
you say “unemployment rate for black men has fallen to an all time low.” should read “employment rate for black men has fallen to an all time low.”
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SM: Sorry, typo (fixed). Meant to say that employment rate fell to all time low. Sorry, had unemployment on the brain.
R
When you have a preponderance of liberal thinking professors teaching in the colleges and universities, the students are brainwashed into believing their message. It takes several years of living in the real world to overcome these flawed teachings.
Living at home with mom and dad who paid for this flawed education may be the best medicine for both parents and child.
think the economy is coming back ? WRONG DEMOCRATS !!! three major factories closed today in the town i live in. the local employment commission had to have an office trailor delivered to accomodate all those who will be applying for unemployment this week. democrats should be made to suffer for this in the worst way. anyone that believes in the democrats must have the weakest of minds and obama calls this social justice.
three major factories closed today in the town i live in.
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What were they making? Were the jobs eliminated or were they sent overseas?
…those unAmerican owners who take factories overseas DO NOT need any tax-breaks…Sorry but that is what I feel. We do not need these internationalists who wave no flags but the profit they make to tarnish our country.
I do not buy the pap about unions as there are plenty of right to work States that can accomodate them…time to think of AMERICA FIRST!!!
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SM: However, what we need to do is to make businesses not want to go overseas. Can you imagine if we provided a proper business environment for them and they would leave other countries and come to the US. No different than states do to attract them from others.
More business, more employed, more tax revenue, lower debt.
[...] Scared Monkeys linked – [...]
SM: However, what we need to do is to make businesses not want to go overseas. Can you imagine if we provided a proper business environment for them and they would leave other countries and come to the US. No different than states do to attract them from others.
More business, more employed, more tax revenue, lower debt.
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But we also need to level our own playing field. As it is, companies that hire overseas don’t pay (US) taxes on money earned overseas. That means that not only can they make it cheaper over there, they pay less taxes to boot; how can the US worker compete with that?
Proponents argue that it encourages trade, which is a good thing for the corporate bottom line and for stock prices, but not for the US worker who is unemployed and can’t afford support himself on stock earnings.
Problem is the disconnect between the economy as seem by Wall Street (the DOW has skyrocketed over the past year) vs. as seen by the people (un/under employment). A purely stock-driven economy must fall once the people run out of money.
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SM: How is a US company going to compete with any foreign company for that matter? The US does not have the right to tell other countries how to deal with businesses. If the US interferes too much the company would just file as a separate entity db in another country.
The stock market is not inherent to the US … it is global. It really in today’s life is not tied to the US economy as in the past.
It really in today’s life is not tied to the US economy as in the past.
It is in the sense that offshoring is a numbers game, to boost profits and therefore stock price. If making $1.00/share vs. $1.02/share wasn’t so important then less offshoring would be required and more Americans would have their manufacturing jobs.
If our large companies were satisfied “breaking even” and “paying employees as much as they can” then we wouldn’t have a profit incentive and that would be devastating as well.
So somewhere in the middle is this ideal sweetspot that we need to figure out how to get to.
Quoting a youtube video saying that reports say the unemployment under-25 group as high as 54%. Is there any fact checking anymore? Or if its on the internet it must be true. Can anyone show the actual reports that put unemployment that high? And not quote a youtube video that is a year and a half old from when it was posted?