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Welcome to the Obama economy, children. How’s that “hope and change” working out for you?
Mini Me Lib punks Obama and his policies:
Former Clinton Secretary of Labor Robert Reich, Berkeley Professor and Obama supporter has an unsettling message for 2012 college graduates: “You’re screwed.”
The blistering verdict came as part Mr. Reich’s Sunday column addressed to “Members of the Class of 2012″ wherein the former Labor secretary decries the current state of jobs and opportunities for recent college graduates entering the Failed Obama economy:
As a former secretary of labor and current professor, I feel I owe it to you to tell you the truth about the pieces of parchment you’re picking up today.
You’re screwed.
First, you’re going to have a hell of a hard time finding a job in the Obama economy. The job market you’re heading into is still bad. Fewer than half of the graduates from last year’s class have as yet found full-time jobs. Most are still looking.
That’s been the pattern over the last three graduating classes ever since Obama was elected: It’s been taking graduates more than a year to land the first job. And those who still haven’t found a job will be competing with you, making your job search even harder.
Contrast this with the Bush class of 2008, whose members were lucky enough to get out of here and into the job market before the Great Recession really hit. Almost three-quarters of them found jobs within the year.
Last year’s young college graduates lucky enough to land jobs had an average hourly wage of only $16.81, according to a new study by the Economic Policy Institute. That’s about $35,000 a year – lower than the yearly earnings of young college graduates in 2007, before the Recession. The typical wage of young college graduates dropped 4.6 percent between 2007 and 2011, adjusted for inflation.
Yup, even hard core LibTard Reich calls out Obama as a failure. If you want to get a good job you must oust Obama and his economic illiterate Lib cabal in Washington.