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Categorized | Senate News Briefing

Obama, Senate Dems Desperate To Distract From Dismal Economy For Recent Grads

In an op-ed for Politico today, Senate Republican Leader Mitch McConnell writes, “Few groups today are struggling more under the Obama economy than recent college graduates. More than half either can’t find work or can’t find work to match their skills, according to the Economic Policy Institute. Close to half, or 42 percent, of recent college graduates, a Pew Research Center study found, are back living with their parents.”

 

According to The Wall Street Journal, “In a study to be released Thursday, the John J. Heldrich Center for Workforce Development at Rutgers University found that recent graduates are taking awhile to find work. Only 49% of graduates from the classes of 2009 to 2011 had found a full-time job within a year of finishing school . . . .” Further, “[T]he class of 2012 faces tougher competition thanks to what Carl Van Horn, director of the Heldrich Center, calls ‘the recession hangover.’ Young adults who graduated into the dire labor market of 2008 and 2009 and have been out of work or underemployed since are applying for the same jobs as new grads are. The same goes for earlier grads who were laid off during the recession.” And, the WSJ notes, “even when new graduates do find jobs, their starting salaries tend to be lower than those for their counterparts who graduated a decade earlier . . . .”

 

Last month the AP reported that “[a] weak labor market already has left half of young college graduates either jobless or underemployed” and a recent Pew study found “the gap in employment between the young and all working-age adults—roughly 15 percentage points—is the widest in recorded history.”

 

As Sen. McConnell writes, “The president has been trying for weeks to convince college students that their struggles have less to do with him than with ‘some in Congress’ who stand in his way. And for weeks, Senate Democrats have echoed his taxpayer-funded distraction and misinformation tour. . . . Fearful that young people might start to realize the reason they need relief right now is because of the Obama economy, Democrats have turned the college loan issue into yet another fake election-year fight. The goal is to distract young people from the fact that they’re suffering disproportionately under this president’s policies.”

 

Speaking on the Senate floor this morning, Leader McConnell elaborated, “It’s not exactly a state secret that Senate Democrats have turned the Senate floor into an extension of the Obama campaign over the past few months. And that what happens here these days has a lot more to do with what some political consultant in Chicago thinks is good for the President’s reelection than what the American people think would be good for the country as a whole. . . . Today’s vote on student loan rates is a perfect example of this cynical election-year strategy in action. Rather than working with Republicans to help young people in this country weather the effects of the Obama Economy, Democrats have sought to distract them from it.”

 

He continued, “Here’s the real issue behind today’s vote: right now, more than half of college graduates can’t find a decent job. Close to half of them are back at home living with their parents. As a Wall Street Journal article from late last year put it, ‘the U.S. labor market may be in a malaise but young adults are in crisis.’ The real solution, of course, are pro-growth policies that make it easier for U.S. businesses to hire. . . . The real enemy of recent college graduates is this president’s economic policies. Until Democrats are ready to admit that, we’ll keep falling behind. And the real losers will be the young people we should be working together on a bipartisan basis to help.”

 

About Tom White

Tom is a US Navy Veteran, owns an Insurance Agency and is currently an IT Manager for a Virginia Distributor. He has been published in American Thinker, currently writes for the Richmond Examiner as well as Virginia Right! Blog.Tom lives in Hanover County, Va and is involved in politics at every level and is a Recovering Republican who has finally had enough of the War on Conservatives in progress with the Leadership of the GOP on a National Level.

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Tom White Says:

Nothing is more conservative than a republican wanting to get their majority back. And nothing is more liberal than a republican WITH a majority.

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