Unemployment Increases in Young People Under Obama: A New Lost Generation of Youth?

In my post America's Youth Will Rue the Day They Voted for Obama I wrote:

...(the national debt piled up under the recent budgets of President Obama) is going to destroy the life, liberty, and property of my children and grandchildren. They are going to grow up in a world less secure because our nation will owe money to nations ranging from Middle Eastern oil dictatorships to communist China, our children will have lesser fire and police and hospital and library services than we enjoy today, inflation will destroy savings and inheritances and businesses passed on, Social Security will be gone (or exist in a much diminished manner), Medicare will be gone (or exist in a much diminished manner), higher education will be too expensive except for the richest of the youth, and our society will be one which rewards those children whose parents have political connections and not those children who work hard and innovate. A Leviathan will rule over my children and grandchildren, controlling their actions and dictating to them in a poor society that is yet a shadow of what America used to be, all thanks to liberal and progressives and their failed policies which have destroyed the financial and moral foundations of nations, states, and cities already....

...our nation will fall father and farther behind in developing energy and be forced to transfer more and more wealth to tyrants overseas just because Obama and the Democrats are slaves to a failed Green God religion and its corrupting influence.

The very nature of Obamacare is to transfer wealth from young to old, by forcing healthy members of society who are choosing not to buy healthcare to buy healthcare and subsidize the old people in society who use it. The promise is there that someday they'll also get to join in the intergenerational theft, but when America's debt soars ever higher, that promise will not be followed through on, and besides, promises of intergenerational theft are still nothing more than theft.

America's youth will rue the day that they voted for Barack Obama on a naive promise of hope and change and togetherness. They will rue the day....

My prediction was that someday in the future, America's youth will look back on the election of 2008 and think to themselves that they should not have voted for him because in this distant future America's youth will be unemployed and facing crumbling foundations and massive debt. My prediction was wrong- it turns out, America's youth should be ruing the day right now that they voted for Obama, because now none of them have jobs:

Just 55.3 percent of Americans between 16 and 29 have jobs.

That means that almost half of all young people are not getting any job experience and are not gaining critical job skills, and in the decades to come, now will be a lost period during which the future did not set themselves up for a brighter future. Instead the young are draining the resources of other productive people in society by living at home and eating food paid for by their parents, who could have been using using that money to invest or save for retirement or give to charity.

Although I was not able to find any information to compare 55.3% to from the Department of Labor, I was able to find a paper which suggests a pre-Obama employment rate for 16 to 29 year olds of 65%. This suggests that the addition of variable "President Obama" to the American economic equation resulted in an increase in 1 in 10 young people not being able to find a job due to his job-killing policies.

The reason why these young people can not find jobs is not because 'Bush lied and soldiers died' in Iraq, it is not because Bush didn't stop global warming, it is not because the Republicans are 'obstructing' tax increases and increased government spending, and it is not because 'tea party people are racist.' The reason why young people can not find jobs is that legislation and policies passed by Obama and the Democrats make it more expensive to hire workers (such as increased healthcare costs associated with Obamacare), make it more risky to expand production (when government policies could change and turn on any sort of industry), when being productive makes you more of a target (the 'evil rich' are being attacked by class-warfare playing Obama), and that the government is encouraging young people to not get jobs by pushing more student loans on them and getting them covered on their parents insurance longer.

Young people, because they are up-and-coming and energetic and healthy and productive and strong, should vote conservative and Republican, so that government gets off their backs and lets them be all that they can be.