We should always take polls with a grain of salt, but this is the first time – according to John Zogby of JZ Analytics – that his poll has shown the Republican presidential nominee Mitt Romney with such high numbers among the youth.
Forty-one percent of likely voters who were polled supported Mitt Romney as opposed to President Obama. Considering the President was elected with historic voter turnout among the 18-29 year old population, this is huge.
What’s even more astonishing is that President Obama may be losing the youth vote even after the ridiculous handouts he’s been offering them this year. He’s offered to forgive student loan debt after 20 years, keep student loan interest rates at historic lows (saving just $9 a month), and for those young women who are lucky enough to get a job with health insurance in the Obama economy, they will be provided with abortion-inducing drugs and contraceptives without a co-pay!
With so much time being spent golfing, campaigning and fundraising, President Obama has had little time to actually try and affect Congress. When he does, he usually pics a small issue that will have a minimal positive impact but will result in more spending and debt. The issues he chooses to advocate are not random, he picks those issues that will directly benefit a key constituency.
For example, a couple months ago, President Obama was admonishing Congress for potentially allowing student loan interest rates to double. Of course, he did not tell the American people that the reason the rates were going to double was because Democrats had arbitrarily and artificially cut them in half several years ago. The resulting terrible legislation – which was coupled with the transportation bill and a flood insurance bill – cost taxpayers $6 billion (not counting what the transportation and flood insurance parts cost) and only helped a small percentage of Americans.
The President crossed the country making it sound as though any student paying student loans would be able to save tons of money with this bill. The truth is that none of the students who voted for President Obama in 2008 would qualify, as it only applies to new applicants. What’s more, those who do qualify will only save about $7 dollars a month four years from now. But the President didn’t let them know that. He wanted the youth vote, and that’s why he chose this issue.
Every media source in the country is writing about the pathetic June jobs report. You know what policies are to blame for the lack of job creation. You know what needs to be done. So here are just the straight facts about the jobs report:
- Non-farm payrolls added just 80,000 jobs in June (77,000 were added in May);
- The unemployment rate remains at 8.2%;
- 12.7 million Americans remain unemployed;
- 5.4 million Americans have been unemployed for 27 weeks or longer (long-term unemployed);
- The real unemployment rate rose to 14.9% (includes part-time workers who wish to find full-time employment);
- The unemployment rate for teenagers is 23.7%, and;
- 821,000 Americans have given up looking for work
Yesterday, President Obama gave a press conference to discuss the NATO summit in Chicago. Among the questions, one reporter asked him about Bain Capital and Governor Romney’s involvement in the private equity industry. The President took the opportunity to claim that a background in private equity does not prepare one for the presidency (I guess that somehow a background in community organizing does?):
“And so, if your main argument for how to grow the economy is I knew how to make a lot of money for investors, then you’re missing what this job is about. It doesn’t mean you weren’t good at private equity, but that’s not what my job is as President. My job is to take into account everybody, not just some. My job is to make sure that the country is growing not just now, but 10 years from now and 20 years from now.” (emphasis added)
So, President Obama claims his job is to tack into account the entire country, not just a few favored special interests? Well, he’s done a great job of making sure everyone is treated equally:
If you watch the news or read the articles this morning, you’ll see two numbers: the unemployment rate, and the number of jobs added in April. What’s missing from those reports? One of the main reasons why the unemployment rate dropped is because a large number of Americans gave up looking for work. You have to look hard to find that number.
The unemployment rate dropped to 8.1%. That would be cause for celebration, but only 115,000 jobs were added last month. By comparison, about 154,000 jobs were added last month, so it’s a definite slow. Don’t expect to hear that, though. In fact, one cable network ran a headline on their morning show claiming that companies “increased” hiring this month. Laughable!