Sometimes, even the New York Times has to recognize reality.
You just have to work on the translation.
In a Sunday Review article this week, “The Idled Young Americans,” Washington Bureau Chief David Leonhardt reports that the age of Obama is a bad time for Americans of a certain age.
“Over the last 12 years, the United States has gone from having the highest share of employed 25- to 34-year-olds among large, wealthy economies to having among the lowest,” Leonhardt writes.
Leonhard, like most Times readers probably, is puzzled. How could it be that the age group most likely to have voted for Obama – those 25-year-olds were voting Democrat in their first presidential election in 2008 – is getting so little in exchange for supporting hope and change?
Maybe it has something to do with the president they voted for – and the economy he’s helped bring into being.
“Layoffs have been subdued, with the exception of the worst months of the financial crisis, but so has the creation of jobs, and no one depends on new jobs as much as younger workers do…,” Leonhardt writes.
“The problems start with a lack of jobs.”
The article never really gets around to explaining this “lack of jobs,” but does hint indirectly at its cause.
“What might help?” Leonhardt asks. “Easing the parts of the regulatory thicket without societal benefits.”
For the Times and its fan base, this is revolutionary stuff. Not only does he acknowledge there’s a “regulatory thicket” standing in the way of job creation (normal people call it “Obamacare”), he even says it might be “without societal benefits.”
Translated, that means jobs are being strangled in reams of red tape that are ultimately damaging the prospects of the very people who helped make the Obama presidency possible – the naïve young hipsters who thought having a cool black president would make up for the fact that he doesn’t know or care anything about the jobs they weren’t going to be getting.
So even the New York Times admits that Obama and his “regulatory thicket” are killing the job market for young Americans. That’s just reality.
But at least they’ll be able to stay on their parents’ health insurance. And that makes living in their basement a lot more fun.
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