How’s That Hope and Change Working Out For You, Young Obama Voters?

Where The Jobs Are: “55 And Older” | ZeroHedge

A good jobs report? Sure, if one is 55 and over. In December the American jobs gerontocracy continued its relentless course, and as the two charts below summarize since Obama’s first term, some 2.7 million jobs in the 16-55 year old category have been lost. The “offset”: 4 million jobs for Americans between 55 and 69. For all those young people graduating from college (with $150,000 in student loans) who are unable to get a job, here is our advice: tell your parents, and grandparents, to retire already. Oh wait, they can’t because Bernanke destroyed their savings. Oops – better luck next time.

Job “gains” for all Americans 54 and younger vs those 55 and older:


Yeah, yeah, I know – us geezers are supposed to get out of the way. But when your million dollar retirement savings generates about eight grand a year after taxes, well….enjoy your McJobs, kids, if you can find them. In the meantime, you can sleep in the basement.

About Bill Quick

I am a small-l libertarian. My primary concern is to increase individual liberty as much as possible in the face of statist efforts to restrict it from both the right and the left. If I had to sum up my beliefs as concisely as possible, I would say, "Stay out of my wallet and my bedroom," "your liberty stops at my nose," and "don't tread on me." I will believe that things are taking a turn for the better in America when married gays are able to, and do, maintain large arsenals of automatic weapons, and tax collectors are, and do, not.


How’s That Hope and Change Working Out For You, Young Obama Voters? — 3 Comments

  1. It’s totally incomprehensible why employers would prefer to hire someone with decades of demonstrated work ethic rather than someone with one decade of peer group promotion, self esteem workshops, and self indulgence. Totally incomprehensible.

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