Four years ago young Americans came together and gambled big to help elect President Obama. They came out in droves and gave their time and money to be part of a historic push and send the first African American to the White House. In return, President Obama promised to help create jobs and make college more affordable for young people.
Four years ago, America’s young people made a very poor investment. Though the President has pandered heavily to young people over his tenure, and made every effort to gain ‘cool points,’ his policies have failed to live up to the rhetoric.
On jobs, the struggling economy has hit young people especially hard. The unemployment rate is nearly 11.8 percent for 18-29 year olds and 47 percent of Millennials say that the economic policies coming out of Washington are hurting them, while only 29 percent believe they are helping them. An astounding 20.7 million young Americans have been forced to move back in with their parents.
Instead of focusing on economic security for recent graduates, the President has spent much of his political capital pushing for more jobs in the manufacturing sector—a heavily unionized industry full of his supporters.
The President hasn’t fared much better on meaningful education reform. Instead of addressing the ballooning cost of college tuition, he’s made promises to cut payments for graduates underwater on their loans through a “Pay As You Earn” plan. The policy does nothing to actually decrease the cost of higher education, but rather lowers monthly federal student loan payments and the bill is delivered to tax payers.