The New York Post yesterday ran with this staggering story on newly released figures from the Bureau of Labor Statistics:
"The unemployment rate for young Americans has exploded to 52.2 percent -- a post-World War II high, according to the Labor Dept. -- meaning millions of Americans are staring at the likelihood that their lifetime earning potential will be diminished and, combined with the predicted slow economic recovery, their transition into productive members of society could be put on hold for an extended period of time."
Almost fifty five percent of young Americans are unemployed. The figure is just mind-boggling. And yet the Administration continues to throw more of our money down the drain on this failed so-called 'stimulus'. Despite the fact that every country that has tried to spend its way out of a recession throughout history has failed. Without exception. And stimulus packages are failing all around the world now.
It is often said that the definition of insanity doing the same thing and expecting a different result. Let us hope the Administration faces reality and reverse its failed policies of the past.
What will this mean? What will it mean that maybe a generation of young - not just those who leave school at grade 8 but those that have gone to graduate school - will miss the first rung on a ladder of work?
What does it mean that this is not even being discussed at a policy level or that weasel words about employment being a lagging indicator are all that is said?
Dr Jonathan Shay knows the answer to these questions. He is THE man who understands PTSD better than any other. What affected the Vietnam Vet more than any other factor was the act of Betrayal. They suffered and did things for a lie. The Mission was a hoax and those in charge feed off their involement.
It is the kind of betrayal that is incest - the parent exploiting the child. The kind of wound that never heals.
The crime is the betrayal of an entire generation of young - the elite captured to high ground - told everyone that it was OK - but who have left the children with ashes.
Shay also knows what the outcome is as well.
The capacity for Trust is destroyed. The ability to be in relationships is destroyed. The moral compass is destroyed.
The whole idea of work hard get a degree and get a good job is shown to be a sham - that is for the hard working and the diligent. The less so have known this to be a crock for a time already.
The brightest and the best of America and the UK have been shafted. Look at the footage of Pittsburgh - these are the kids who will still be under employed or not employed in 10 years time.
They are not stupid. They will be very angry. They will have nothing to lose.
The dragons teeth have now been planted.
Recent Comments