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The Spectacle Blog
There is plenty of unusual and anecdotal evidencethat the economy is in bad shape. Some harder evidence was revealed yesterday during National Public Radio’s “Talk of the Nation.” Host Neal Conan questioned his guest, Mr. Koc, Director of Strategic and Foundation Research, National Association of Colleges and Employers, about the overall condition of hiring for the 2010 graduates. Mr. Koc stated that new college graduates are at a 7.5% unemployment rate, one of the highest rates ever recorded, he said. This dreary news was offered to encourage students to continue to get a college education because unemployment for new High School graduates in the same age group, 20-24 years old, is 21%.
During the last election, Presidential Candidate Senator McCain ran a poor campaign with young people. He virtually ceded their votes to then Senator Obama. (See Jason Mattera’s recent book for the full description of what a non-completive campaign Senator McCain ran when compared to Senator Obama.) Young voters should be flocking to the Republican ranks in the next election. However, Democrats have one huge advantage, as pointed out in R. Emmett Tyrrell’s book After the Hangover, and that is that Republicans lack the political libido to take the fight to the Democrats. If the economy is to get better for young Americans, it will have to come from the efforts of Republican businessmen. Many Republican journalists and politicos will likely avoid exposing and pouring on the scorn for President’s dismal handling of the economy. Timid warriors don’t inspire; they especially do not inspire the young.
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More Blog Posts by C.H. Fowler
http://spectator.org/blog/2010/05/25/how-bad-is-the-economy-ask-a-y
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Ken (Old Texican)| 5.25.10 @ 10:53AM
CH,
You must have been reading my mind. See my post on another thread this morning.
Ken (Old Texican)| 5.25.10 @ 8:48AM
Aram,
Our economy is built on the blood sweat and tears of those of us who have built it and sustained it too.
The thing that truly frightens me is our younger folks entering adulthood may never have the opportunity to experience anthing other than gubmint "soup lines". Those are a soul-killing experience.
Those youngsters may never get to see first hand the alternatives of true independence and earned liberty. They are in danger of slipping quietly from mommie's basement...to the government's basement......without a clue....but carrying a vote
Spike| 5.25.10 @ 12:03PM
Unfortunately, we may have created this monster. Youngsters don't know independence and liberty, because we've never insisted upon it for them.
The next generation have been the recipients of "good times" achieved and attained by their parents. Unfortunately, as parents we've passed on the attained, in the form of entitlements. We haven't (in many cases) passed on the achievement. What did it, and what does it take to achieve in this great country?
The author of this article is right on the money, as are you. We [have to] instill in our kids the values of conservatism, and in particular, the concept of hard work, results in just rewards.
Quartermaster| 5.25.10 @ 12:28PM
I did teach my Son the way of independence and liberty. He's now 32 and hasn't taken a nickle from me since he graduated from High School. He has also avoided the siren call of the leftist government.
Teaching such a is a duty of all parents. Alas, too many teach their kids the opposite, and they will lose their soul, if they haven't already.
Stan Redmond| 5.25.10 @ 12:51PM
An endless supply of "young" voters to continue voting for democrat handouts AND riot in the streets when a conservative takeover occurs. The young are a dangerous army of the left. They have been "educated" by the left, indoctrinated by the left, and trained by the left their entire lives.
Curly Smith| 5.25.10 @ 1:00PM
And for the urban 'utes the unemployment rate reaches 50%. Without the illegal immigrants, though, the unemployment rate would be much higher... right?
C.H. Fowler| 5.25.10 @ 3:14PM
The point is, and it’s one that needs to be explained well to young people, the ability to create jobs for young people is being caused by an economic downturn brought on by profligate government spending. A country cannot borrow its way to prosperity; it cannot remain prosperous by bailing out producers of goods and services that are unwanted; it cannot remain prosperous if its leaders attack the private sector as if it were the enemy; it cannot tax its way to full employment.
President Obama spoke candidly to Joe the Plumber when he said he was going to redistribute the wealth. He’s having the same success with that as many socialist countries have had, including his friend Hugo Chavez. Government is too clumsy, too sluggish for time sensitive decisions, and in general ill-prepared to make the millions of economic decisions necessary each day to run an economy for a country the size of the USA. Yet the Democrats have tried to run many industries; they’ll soon be deeply involved in health care. If America’s youth like being unemployed and under employed, stay the course which the Democrats have charted. Plan on giving more of our wealth to fight the mythical global warming. Bail out foreign countries like Greece so their civil servants can retire in their mid 50’s. The list of foolish spending is limited only by the Liberal’s imagination and whatever the most recent exigencies are that they‘re eager to display their generosity for with other people‘s money. As Margaret Thatcher said, “Socialism fails when it runs out of other people‘s money to spend.” The Democrats have run out, but they‘re still willing to borrow to meet their distribution plans for their voters.
C.H. Fowler| 5.25.10 @ 3:18PM
Of course, I meant the inability to create jobs.
Levoid Davis| 5.25.10 @ 6:57PM
When I returned from WW2 I joined a Maritime Union and fell for the Marxist line. It took me almost a year to understand what 'take the wealth away from the Capitalist and give to the Proletariat who worked for it". How simple it was to figure out that meant take the money away from the people who work hard for it and give it to the lazy who lives on his entitlement. The Obama admistration sounds like the teachers at the Jefferson School of Social Science who thought they could brainwash a red neck country boy
JOHN SMITHSON| 5.25.10 @ 3:32PM
Obama's redistribution is working out. This link's to a USA Today article. Drudge has it up.
http://www.usatoday.com/money/.....ctor_N.htm
Levoid Davis | 5.25.10 @ 6:45PM
Beware! It is no sure thing that anyone can be elected just because there is a "R" behind his name. Why the Republicans cannot let the people know what the National Debt is now and is going to be I cannot understand. They go on even like the 8 or so in the House helping the Democrats add to a debt when there is no money to cover it. Unless there is a change and quick things will remain the same and the "R" will mean nothing.
Marc Jeric| 5.25.10 @ 6:52PM
Show me a strong union and I will show you a dead or dying industry - steel, automobile, textile, apparel, electronics...And of course Post Office, Amtrak, education...
Teacher unions have "educated" three generations of illiterate nincompoops loaded with self-esteem - and they elected Abu Hussein al-Nairobi, the committed communist bent on bringing us the blessings of redistributed wealth.
dance...dance to the radio| 5.25.10 @ 9:40PM
Went through some hard times at home when I was a kid. Running out of toothpaste and having to use baking soda or running out of toilet paper and having to use newspaper.
Always had enough to eat.
But 'fill up on bread' was heard at the supper table every once in a while.
After Dad finished school we lived better.
And then I moved out and embarked on my own hard times.
Never took a nickel of government money when I was single.
Even though sometimes I made less money working than people who didn't.
And only applied for a daycare subsidy when it was apparent that I couldn't go back to school without it.
I didn't like having to take that money.
I rationalized it by not taking student loans and leaning on a line of credit.
But all I needed was a hand up.
I graduated, got a better job and pay my fair share of taxes on a larger salary.
I don't begrudge anyone the kind of support that I received.
As for Bill Maher, I didn't like Bush that much so he found my ear.
But in retrospect, the alternatives would have been much worse.
And Bill Maher is a sore winner.
But then he's got nothing left but stirring the pot to keep from getting cancelled.
unknown| 12.20.10 @ 6:32PM
it' like history repeating itself. does anyone look to the past to see that we are going down the exact same road? i'm not only talking about the depression era, but other crisis and collapse. did anyone know that at one point the british sterling was what backed the world's economy before the us dollar took over? they commited the same practices that we are following today. they followed the "spread the wealth" mentality that obama is preaching now. and look where it got them, they basically fell into socialist practices before the sterling was devalued, and the united states dollar bailed them out. sometimes i wonder, if this is how the roman's felt near the end of their fall. because the end does seem to be near when you look around. sorry if my grammar isn't that great, i'm a product of the new age education system, but i was raised in the church.