President Obama is trying to shore up the youth vote, one of his most reliable voting blocs in the 2008 election. He is visiting colleges campuses in swing states and appeared with late night comedy host Jimmy Fallon in the wee hours Wednesday.
There isn’t as much laughter now from the college set and just being a cool dude who loves basketball isn’t going to be enough to impress the 18-29 crowd this time around. Many of those voters have grown too weary looking for work to be swayed by his youthful appearance or empty promises about “hope and change” because most have neither.
A college degree used to be a ticket to a high-paying job. That is no longer the case. One out of every two of today’s college grads is either unemployed or underemployed. The prospects for those without a college degree are even bleaker.
Young college graduates are now heavily represented in jobs that only require a high school diploma or less, such as waiter, cashier, store clerk, barista or bartender. Where does that leave the less educated who would normally be expected to fill those jobs? Out of luck.
In this sluggish economy, those college grads are unlikely to move up to a job where they can begin paying off their student loans. This is where Obama sees an opening.
In 2007, the Democrat-controlled Congress passed a bill temporarily lowering student loan interest rates to 3.4 percent from 6.8 percent. Those rates are scheduled to go back up on July 1.
While Republican leaders are open to keeping the rates low until the economy improves, they insist they must be paid for with offsetting cuts. Unfortunately, Obama hasn’t paid for anything since assuming the presidency and he is unlikely to start now.
That’s why we are printing money and borrowing 40 cents on every dollar we spend and leaving the debt for these young people to pay.
One of the primary purposes of college is to teach you to think. We are about to find out if higher education is still capable of delivering on that promise.
Young people who can think for themselves will soon realize that when Obama hands them something with one hand, he is stabbing them in their backs with the other.
Let’s start with Obamacare, his signature accomplishment. Under the so-called Affordable Care Act, young people now are allowed to remain on their parents’ insurance plans until they reached the ripe old age of 27.
Is that an advantage?
Not really. Young jobless adults still living at home are being taken care of by mother and daddy. Whether they are on their family’s health insurance or not is a moot point. Mother and daddy are going to pay for their health insurance whether it’s in one or two policies.
Health insurance was super cheap for young adults because they use so little of it. Not anymore! One of the goals of Obamacare was to make everyone equal. Isn’t that sweet?
However, in practical terms, it means that responsible young adults who are in the job market and out on their own in this big bad world now are faced with much higher premiums. That is because Obamacare limits the insurers’ ability to offer lower premiums to these low-risk enrollees so that older, wealthier adults can pay less. What’s fair about that?
These young people are expected to subsidize, not only older, wealthier people, but irresponsible people who didn’t take health insurance when they were young and now have a – you guessed it – pre-existing condition.
Young people have tender hearts and may ask, “Is it fair to leave those people with pre-existing conditions without insurance?” No, but it is fair to “rate” them and expect them to pay higher premiums now because they got a free ride when they were young and healthy.
And, so it goes with Obama and liberal Democrats who reward bad behavior in the name of “fairness” and play the politics of envy and greed. Yes, let’s impose job-killing higher taxes on the job creators so the rest of us can feel better about it while standing in the unemployment lines!
My guess is just enough of our young people will figure it out in time to help elect Romney, a man (admittedly a little dull and boring) who has spent most of his life in business and knows how to create jobs, as president instead of a “Mr. Cool” who is simply promising them free stuff.
If not, they better get used to saying, “Would you like fries with that?”