Maybe they aren’t brain-damaged after all:
Buyers’ remorse: Youth ditch Obama
President Obama coasted into the White House thanks in part to the youth vote, individuals aged 18-29 who bought into his vague promise to bring change. During Mr. Obama’s term in office, however, many of this group – known as Millennials – have been forced to learn how to subsist on pocket change. This isn’t quite what they were expecting when they turned out in historic droves in 2008.
According to a recent poll commissioned by Generation Opportunity, 57 percent of Millennials participating said they will learn more about the policy positions of presidential candidates in the 2012 election than they did in 2008. This is bad news for Mr. Obama, who is encumbered with a record that hurts young adults. His $825 billion so-called stimulus robbed the private sector of cash needed for job growth, while Obamacare will squeeze money from these healthiest of Americans through fines and forced participation to subsidize treatment for old sick people.
“Young people are disillusioned after 2008, when the message was change,” points out Surbhi Godsay of the youth-research organization CIRCLE. Now, she says, they’re “concerned about employment.” And for good reason. Statistics show that Millennials have been hit hard by the high jobless rates around the country. The unemployment rate for 16-24 year-olds is a staggering 18.1 percent, down from the record-breaking high of 19.1 percent a year ago, while 25-34 year-olds face a rate of 9.7 percent, higher than the national average. Among Millennials, “Everybody knows somebody who’s really been struggling to find a job,” explains Paul Conway, president of Generation Opportunity.
Not helping Mr. Obama’s re-election chances is a report that this group retains no particular political loyalty, according to Mr. Conway. “Millennials are solutions-oriented,” he told Anneke E. Green of The Washington Times. “They have their own recommendations, they want to be heard, and they want results.” The problem is things just keep getting worse. According to a 2010 poll commissioned by Rock the Vote, 59 percent of this demographic says they feel more cynical about the political process than they did in 2008. This cynicism could be a sign of progress. Perhaps next year, young voters won’t be so easily duped by empty slogans.
I guess that hopenchange stuff didn’t work out so well after all. As angienc likes to say, “Hope in one hand and shit in the other. See which one fills up first.”
The Crawdad Hole 
It’s good that young people are leaving the two parties and demanding results.
Washington Times is pretty wingnutty with their propaganda. Obamacare does not help “old sick people,” it cuts 500 billion from medicare. As for the stimulus having “robbed the private sector of cash needed for job growth,” what the hell with this meme. How exactly. With the extension of the Bush tax cuts and the new payroll tax cuts? With our deficits and debt? Borrowing rates are near zero, short term Treasuries are actually negative. There is no crowding out of the private sector. If retail borrowing rates are up, it’s because banks are still trying to fill their mortgage holes. Has nothing to do with the stimulus, without which unemployment would probably be a couple points higher and we would have that much less market demand. Maybe they are really talking about the Fed stimulus of trillions which have all gone to the top of the pyramid at private sector corporations and banks. And not much is trickling down. But the rich are doing very well, the Washington Times can relax.
The public debt is not what is keeping the private sector from investing. The private sector is not investing because there is not enough consumer demand (70% of the economy) and because the private sector is deleveraging their private sector debt. As a result, the Fed and the Treasury are trying to fill that gap in investing, with mixed results. We are in a deep balance sheet recession. It will take time. But it is bs to say that government investment and deficits are crowding out the private sector. Look at Treasury borrowing rates for god’s sake, look at the rates even 5 and 10 years out. In order for the government to be crowding out, these rates would have to be very high, but they are actually very low.
There’s a propaganda war from both sides.
Looking at Wall St, it seems to me that the private sector is investing, but just not in things that are creating jobs. I mean, they are not hiding their money under the mattresses.
ITA. Makes no sense. Stimulus came from tax money.
Wall Street these days imho is mainly making money for itself and rich people. They are not spurring significant investments in growth, people or capex. They are borrowing the ultra easy money from the Fed and speculating in commodities or bidding up stocks which have been squeezing out good earnings by cutting costs. Stock buybacks, dividends, bond returns for those who have been holding for a while, are all doing well. For those who are already rich, times aren’t bad at all. Maybe I’m broad stroking too much. Venture investing in tech seems very active if not somewhat scattered. But would guess most sectors are still retrenching. Companies that don’t run their businesses off big debt appear to be more positive. Cash is king.
Honk, honk!!
Honk!
HONK! HONK!
That meme is starting to get on my last nerve. You said what I wanted to say but did it much better.
Let’s not forget that PPP is a Democratic leaning poll. It always looks at the bright side, like “Perry… is not as strong as Romney”.
PPP
Obama is now underwater in California!
http://www.surveyusa.com/client/PollTrack.aspx?g=c717d146-99e7-4de8-8217-9fb792fc2fb8
Survey says, buh bye
IBSP.
OKay. What does IBSP mean anyaway?
I Blame Sarah Palin
True story
When Hillary won the CA primary, Markos said that CA didn’t matter.
On November 6, 2012, we’ll matter to Sarah Palin.
OT, saw this on hotair
http://www.nytimes.com/2011/08/30/us/politics/30terror.html?_r=3&partner=MYWAY&ei=5065
Have to run but I think the WH is making a mistake here in essentially making this about the War in Terra around the world.
As angienc likes to say, “Hope in one hand and shit in the other. See which one fills up first.“
I think she got that from my grandma…
My grandma said, Wish in one hand, pee in the other.
Same theme, though. 🙂
Are we related? I thought sure it was my grandma. 😉
I got that from my grandpa, thankyouverymuch! My grandmother said “sugar” in place of “shit.”
Another goody from my grandpa: If you need something get it yourself. Even better, learn to do without.
My grandma used to say “What’s the matter? Can’t you take a punch?“
Rasmussen: 43% Now View ‘Tea Party’ Label As A Negative
I wondered when this would finally show up in Rasmussen’s polls. The tea party served the function of “barbarians at the gate” during the debt ceiling fight. They looked like obstinate children and that’s never a good thing.
That’s the problem with any third party or alternate political group. When it’s all rhetoric, it all makes sense. When they win and have to govern, people say “I didn’t know they were going to do THAT.” It’s sort of like a certain election in the recent past.
You ain’t kidding. It’s darned close.
Rasmussen poll on August 28 shows Congressional Republicans holding a 9 point lead over Congressional Dems–their highest lead since March.
Numbers are 45/36 FOR Republican candidates.
I gotta take my name off the old activist networks, but nice to keep up with the “kids”……
http://october2011.org/welcome
Except for the part they’re going to turn DC’s Freedom Plaza into a NON-VIOLENT Cairo Traffir Square, sounds like a Tea Party Rally to me. 😀
I’d be willing to bet you would get large majority support for 5 of the 7 points they list there. It’s a pity neither party has any of that as their real platform.
Never-Wrong Pundit Picks Obama to Win in 2012
Well that was depressing. Drink ’em if you got ’em!
Every one of these guys is always right
until they’re wrong.
I’m hoping he strikes out this time. He worries me because his “keys” make sense in our culture.
has anyone here read books by Daniel Estulin? I just ordered two.
The Shadow Masters and True Story od the Bilderberg group.
I have not gotten the books yet and wondered about the writer
Teh Google is your friend:
http://en.wikipedia.org/wiki/Daniel_Estulin
Estulin, OTOH, is a nutjob (as is anyone who appears on the Alex Jones show)
Is it too late to get your money back?
myiq2u
thank you for the information.
Years ago I read a book called the Underground Empire about just how much money goes out of the country due to drugs. This was during the 1970s and billions were going out then. I thought that the book Shadow Masters was like an updated version of just what was still going on.
Wash Times is pretty snake oily. Is this survey, this CIRCLE organization, even legit? Sounds like a push poll.
Still the basics are possible. Young people may have buyers remorse at no jobs etc, and Obama’s other disappointments. I’d like to see it from a more reputable source.
*snerk*