10 Ways the 2012 Presidential Election Will Affect College Students

Unemployment, Underemployment

If Romney Wins: Romney’s proposed economic solutions are largely top-down, which won’t prove helpful for those students who don’t have the luxury of a trust fund. While the former Massachusetts governor has scolded the Obama administration for failing to put young Americans back to work, he hasn’t offered any solutions that would directly benefit them. As we’ve seen over the past 10 years, tax breaks for the rich—which Romney will undoubtedly extend—don’t benefit anyone else. Bottom line: Don’t expect the "prosperity" of a few to trickle down. It won’t.

If Obama Wins: Youth unemployment has spiked under the Obama administration. Even worse, gridlock in Congress has kept the issue from being addressed. Since the Great Recession started, 2.7 million people between the ages of 16 and 24 have lost their jobs or can no longer find employment. A glimmer of hope in the form of the President’s American Jobs Act was quickly stymied by a non-compliant Congress earlier this year. And without the cooperation of Congress going forward, don’t expect job prospects to improve. That goes for enrolled students and recent grads.

blog comments powered by Disqus