No president in recorded history has ever averaged a higher youth unemployment rate than Mr. Obama — 17.5 percent — and young Americans clearly aren’t better off than they were four years ago. In fact, no other demographic has suffered more under this president.
Mr. Obama’s economic policies have strangled businesses with red tape and have made hiring additional workers — especially young workers — extremely costly. Today, businesses are forced to pay anywhere from $7,000 to $10,000 in regulation costs per new hire each year. For most businesses, hiring a young person isn’t worth that risk.