Many college students who voted for Obama in 2012 are feeling the pain of a poor economy and unemployment. Before we blame them for anything, we must remember they were lied to by the Democratic Party and failed by the American media.

Karin Agness of the American Enterprise Institute reports that hope and change is going nowhere fast.

From hope and change to persevere

In four years, we’ve gone from hope and change to perseverance.

Although millennials were a core part of President Barack Obama’s winning coalition in both the 2008 and 2012 elections, young people continue to struggle in our beleaguered economy. Worse, there is little reason for optimism that their prospects will brighten any time soon and much reason to expect that their financial burdens will increase even more. Our persistently gloomy economy is one obstacle to millennials’ advancement, but Obama’s second-term plans are another.

According to Generation Opportunity, the unemployment rate for 18- to 29-year-olds in February was 12.5 percent. If you count the additional 1.7 million young Americans who have quit even looking for jobs, the unemployment rate jumps to 16.2 percent — meaning that nearly one in six young people is out of work. And this doesn’t even include all of the underemployed millennials — all of those who are working part-time in retail, for example, instead of using their degrees to start the careers of their dreams.

Younger workers lucky enough to have jobs face a tightening monthly budget. January brought a 2 percent reduction in take-home pay as the Social Security payroll tax holiday expired. This, along with student loan repayments and rising costs of gas and food, means that many millennials are just scraping by and can’t afford to live on their own.

Sadly, it seems as if each new policy proposal from the White House leads to fewer, rather than more, job opportunities and increases the financial burden on young people.


 
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