While the mainstream media and our leaders in Washington want you to believe that the economy is getting better, thanks to more spending, higher taxes, and more regulation, six million people have dropped out of the work force since the recession began in 2008. Young Americans, especially, have it bad.
About 45 percent of 18 to 34-year olds are unemployed according to a recent poll by Demos, a public policy firm. I still know of college classmates who have yet to find meaningful jobs or are severely underemployed almost four years after graduation. However, a recent poll on young people's views of limited government, free markets, and economic liberty suggests some may be waking up to the conclusion that government, over-regulation, and more spending will not turn our futures around.
In a survey launched by Young America's Foundation and conducted by the polling company, Kellyanne Conway, Inc., more than 60 percent of college-age students feel that government should not take an active role in their day-to-day-lives, and half of respondents believe that the federal government is mostly hurting economic recovery.
Comment: The author appears to be an advocate of Reagonomics, however his economic policies were devastating to all but the wealthy. When Ronald Reagan came into office 1981, unemployment was at 7.5%. Reagan cut taxes for the wealthy, then raised taxes on the middle and lower class. Corporations shipped more jobs out of the U.S. while hiring cheap foreign labor in order to make a bigger profit. While corporations made billions, Americans across the country lost their jobs. As 1982 came to a close, unemployment was nearly 11%. Unemployment began to drop as the years went on, but the jobs that were created were low paying and barely helped people make ends meet. The middle and lower class had their wages nearly frozen as the top earners saw dramatic increases in salary. For more information on Reagan's legacy read:
US: 8 reasons why Ronald Reagan was the worst President of our lifetime
10 Things Conservatives Don't Want You To Know About Ronald Reagan