The president is having a hard time rounding up the support of young people to generate enthusiasm and votes for his reelection campaign, no doubt because this time around, he’s forced to run on his record, verses vague promises of “hope” and “change.” In 2008, young voters constituted a full fifth of his support, but this time around less than half of Americans between the ages of 18 and 24 plan to vote in November and only 40 percent are even registered to do so currently. Young Americans certainly have more time on their hands this time around, with 1 in 2 new graduates unemployed or underemployed in jobs that don’t utilize their education background. Too bad for Obama that it doesn’t seem they will be using that time to campaign for another four years of his economy.
How has the president tried to get on the good side of young voters? This week Obama and Biden have made tours of colleges in swing states touting a plan to prevent a doubling of interest rates for students who take out federally funded Stafford loans (despite not even bothering to be present for the 2007 vote). The plan wouldn’t help Americans already paying off student loans, nor would it help those who took loans from private institutions. How many students will this plan actually help? Very few. Like many other lofty presidential plans, however, the most important part is merely the optics – actual results are just a bonus. I’ve written previously on the $1 trillion student loan bubble, and unfortunately, the program being touted by the White House will probably do more harm than good.
The president has, on numerous occasions, promoted the importance of making college more affordable so that more Americans can have access to higher education. In 2010, he held a “Summit on Community Colleges” where Vice President Biden’s personal connection was highlighted:
As a lifelong educator and community college instructor for the past 17 years, Dr. [Jill] Biden knows that community colleges are uniquely positioned to graduate more Americans with the skills that businesses and the economy will need to compete in the 21st century.
While President Obama continues to pour taxpayer money into government grants and loans, further escalating the student loan crisis, these 1 in 2 unemployed or underemployed Americans with college degrees have got to be wondering why they’ve bothered. Yahoo News reports,
According to government projections released last month, only three of the 30 occupations with the largest projected number of job openings by 2020 will require a bachelor’s degree or higher to fill the position — teachers, college professors and accountants.
This graduating class of Americans has a sense of entitlement unlike any previous generation. They fill their teen years with extracurricular activities instead of after-school jobs, they expect to go to the college of their choice and demand government grants and loans to pay their way, and upon graduation are shocked to learn that their Creative Writing degree with a minor in Gender Studies doesn’t automatically qualify them for a well-paid job writing creatively about gender.
It’s time for the president to state some uncomfortable truths: America cannot, and should not, be spending its resources on giving money to universities that raise tuition at three times the rate of inflation, encouraging even more student debt. Why do we teach our children that college is not only a necessity, but also an entitlement? Why is a generation of liberal arts majors languishing in unemployment, leeching off their parents while blue-collar jobs go unfilled?