When it Comes to Obama Will Younger Americans Experience Buyer’s Remorse?

July 8th, 2013

On Election Day last November, my mother and I happened to be enjoying breakfast at a restaurant in Florida.  Seated nearby was a mother and her son, who appeared to be college aged.  We couldn’t help but overhear their conversation.

The mother shared that she couldn’t support Obama with the economy showing barely any improvement.  The son argued that Obama just needed more time.

“Change can’t happen in just four years,” he told her, “President Obama needs another term.”

Thanks to people like that young man, President Obama is getting that additional time.  Less than a year later, I’d be curious if that young voter thinks the extra time is worth the results he’s seeing so far.

News reports last week indicate that the Obama administration is desperately searching for ways to sign young healthy Americans up for ObamaCare.  As anyone with a calculator knows, the entire system collapses if young healthy people fail to purchase insurance.

Unfortunately, in order to make ObamaCare work, these younger Americans will need to pony up a fairly significant amount of money in insurance premiums.  Their alternative is to pay a fine.  With most of them either unemployed or seriously underemployed and struggling to pay off enormous student debt, it’s likely they’ll opt for the fine in numbers that would eventually implode ObamaCare.

Many on the left actually are hoping for this result since they see it as a further step in the road to a single payer health care system.  In the meantime, they’re going through the motions of trying to sign up the requisite number of young people to keep ObamaCare afloat.

At the same time, the employment picture for Americans between the ages of 18 and 29 is bleak.  According to the latest Jobs Report, 16% of young Americans are unemployed.  Breaking it down demographically, African Americans have a 21% unemployment rate, Hispanics are at 11.7%, and young women have an unemployment rate of 10.6%.

Those that can find work are lucky.  Barely.  Most recent college graduates are seriously underemployed and owe enormous sums of money for college loans.  The balance sheet for most college students’ loans look suspiciously like the amount their parents paid for the house where they were raised.

It’s interesting what happens in a society when young people wake up and think they’ve been had.

If you want an idea what that looks like, turn on the television and tune into the riots in Egypt the last couple of weeks.

Worldwide we’re looking at a lost generation.  Sadly, these young people are being seriously delayed in their abilities to start their adult lives.  That will certainly affect the rest of the population.

The difference between what we see in other parts of the world and what we see here is that a strong majority of young Americans actually voted for their circumstances.

In the remaining years of the Obama administration, it will be interesting to see how they collectively come to terms with that decision.



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