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Tags: bush | obama | economic | policies

George P. Bush: Obama’s Economic Policies Have Hurt the Young

By    |   Tuesday, 10 July 2012 12:59 PM EDT

President Barack Obama’s economic policies have resulted in hard times for the nation’s young adults, says George P. Bush, son of former Florida Gov. Jeb Bush and co-chairman of Maverick PAC.

Millions of young Americans were inspired by Obama’s 2008 campaign, Bush writes in a Politico opinion piece co-authored by Brad Dayspring, senior adviser to the YG Action Fund. About two-thirds of Americans younger than 30 voted for Obama, “propelling him to a historic victory,” they say.

But since then, things have taken a definite turn for the worse. “Young Americans have been hurt disproportionally in the Obama economy,” the duo writes.

“Unemployment for college graduates under age 25 has averaged 9.4 percent over the past year . . .  Young women still earn less than young men — regardless of their educational background.”

The bleak economy is forcing young adults to cast their life and career dreams aside, Bush and Dayspring argue. “Half of Americans age 18 to 34 say they’ve taken a job they did not want just to pay the bills, according to the Pew Research Center, and one in three has postponed getting married or having a baby.”

Obama has discouraged small business creation by making it “more costly, difficult and bureaucratic,” the authors write. “His words and now his campaign ads have pitted Americans against one another and criticized businessmen and women for being successful.”

But with more than 100 million people aged 18 to 40 eligible to vote in November, there is hope, Bush and Dayspring maintain.

The young can “renew our commitment to the first principles and ideals that make America unique: innovation, entrepreneurship, liberty and economic freedom,” they write. “But it also means working to be more diverse and improve the inequities in our system . . . so that each of us has a fair shot to earn success.”

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Tuesday, 10 July 2012 12:59 PM
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