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Obama Unleashes Op-Ed On 'Millennials': "Welcome To This New American Economy"

Tyler Durden's picture




 

Presented with no comment... (but a lot of ironic 'bold'-ing)...

 

Authored by President Barack Obama, originally posted at Medium.com,

Why I’m Betting on You to Help Shape the New American Economy

History has dubbed you the “Millennials.”

You’re part of the first generation to grow up in the digital age. Some of you grew up with cell phones tucked into your book bags, while others can remember the early days of landline, dial-up internet. You’ve gone from renting movies on VHS tapes to purchasing and downloading them in a matter of minutes.

Today, more of you are earning college degrees than ever before?—?and more young people from low-income families are getting a shot at higher education than previous generations. Along with having higher education levels, you’ve got a lower gender pay gap than other generations?—?and we’re working to close it even further. Take all those things together, and it’s no surprise that entrepreneurship is in your DNA. One survey found that more than half of Millennials expressed interest in starting (or have already started) their own business.

So here’s something we know for certain: Your rising generation of Americans isn’t just adapting to a 21st-century economy. You’re actively changing it.

And we know that when we invest in your potential, rather than stack the deck in favor of the folks who are already at the top, our entire economy does better. It’s the reason we’ve expanded grants, tax credits, and loans to help more families afford college. It’s why we’re giving nearly 5 million Americans the chance to cap student loan payments at 10 percent of their income. And thanks to the Affordable Care Act, the number of uninsured young adults has fallen by nearly 40 percent over the past four years.

You may have graduated into the worst recession since the Great Depression, but today?—?for all the challenges you’ve already faced, and after all the grueling work it’s taken to bounce back?—?you’re in the best position to break into the newest sectors of the new American economy.

Your generation is going to continue to shape that economy for decades to come?—?and that’s exactly why we know we have more work to do to address the challenges you still face. That means making student loan payments even more affordable. It means investing in the kind of basic research that led to the internet and GPS technology to help our next generation of American companies succeed. And at a time when increased investments in education have meant that young women are making the strongest start in the workforce of any generation before them, it means fighting to make sure they get the equal pay for equal work they deserve.

Let’s talk for a second about this new American economy?—?one marked by new industry and commerce, humming with new energy and new technology, and being driven forward by highly skilled, higher-wage workers. Our medical professionals are part of a workforce that also includes folks who are developing cutting-edge software to help us diagnose diseases. We’re not just punching in and pounding rivets?—?we’re coding computers and guiding robots. In this new economy, an entrepreneur can start a new business and succeed, an older worker who sees opportunity in a new field has resources available to retool for that new job, and a student can graduate from college with the chance to advance through a vibrant job market.

Today, I’m heading to a place that’s helping to shape that economy. It’s called Cross Campus?—?a collaborative space in Los Angeles that brings together folks at the cutting edge of a technology revolution, from investors and entrepreneurs to designers and engineers. Because their drive and talent don’t just boost their businesses, they boost our entire economy?—?and the innovative ideas that they’re coming up with are helping to power our recovery.

Think about this: Last month, our businesses created 236,000 new jobs. Over the past 55 months, they’ve created 10.3 million new jobs?—?the longest uninterrupted stretch of private-sector job creation in our history. That’s why, for the first time in more than six years, the unemployment rate is below 6 percent. We’re on pace for the strongest year of job growth since the 1990s. Since we emerged from the crisis, America has put more people back to work than Europe, Japan, and every other advanced economy combined.

So for all the challenges in the world, there are some really good things going on here at home. And the reason I’m heading to Cross Campus today is because innovation is one of them. Technologies that didn’t exist 20 years ago, from mobile apps to streaming video to social networks, support millions of American jobs today. Today, our tech sector is the envy of the world.

And the innovation fueling this economy isn’t just happening in Silicon Valley. From Kansas City to Colorado to L.A.’s “Silicon Beach,” entrepreneurs are turning great ideas into great companies.

I saw this new economy at Pittsburgh’s TechShop, one in a chain of community centers where members get access to professional tools, equipment, and software, as well as the space they need to make or design or prototype almost anything?—?for the same price you’d pay for a gym membership.

I saw this new economy at a factory in Austin, where workers are building the equipment that makes cutting-edge microchips. It was just a few years ago that the very first iPhone was introduced, and we were all marveling over touch screens. Now, even our coffee shops have touch-screen ordering systems, and there are American workers punching in every day to manufacture the hardware for our smartphones and tablets.

And I saw this new economy only a few miles from that factory, at Manor New Tech High School. Students there focus on STEM subjects, and I got to see some of their work up close?—?from using mathematical equations to build musical instruments, to running bungee-jumping tests using rubber bands and weights, to building robots. At Manor New Tech, nearly all of the students graduate, and along with their diploma, they’ve earned real-world skills they need to fill the jobs we know are available right now.

I’ve seen what your generation is capable of firsthand. And one of the reasons I’m so confident about America’s future is that I’m confident in you?—?a generation that’s more educated, diverse, and digitally fluent than any before you.

Throughout my time in office, my Administration has bet on American innovation. We’ve bet on America’s young people. And today, I’m betting that you’ll continue unleashing new ideas and new enterprises for decades to come.

 

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Thu, 10/09/2014 - 17:34 | 5310894 dow jones 20000
dow jones 20000's picture

Fuck you Obama! -a millenial

Thu, 10/09/2014 - 17:34 | 5310900 erkme73
erkme73's picture

Who need Ebola to make you puke when you got Obolo....

Thu, 10/09/2014 - 17:39 | 5310913 hedgeless_horseman
hedgeless_horseman's picture

 

 

And thanks to the Affordable Care Act, the number of uninsured
young adults has fallen by nearly 40 percent over the past four years...

...which means all of you healthy kids that wouldn't otherwise squander your meager incomes paying premiums to the health insurers that put me into office are now forced, by law, to pay for all the  unhealthy old folks.

Thu, 10/09/2014 - 17:42 | 5310927 X.inf.capt
X.inf.capt's picture

please, mr. president...

your not helping the situation with op-eds...

thank you..

a vet...

Thu, 10/09/2014 - 17:45 | 5310947 hedgeless_horseman
hedgeless_horseman's picture

 

 

We’re not just punching in and pounding rivets...we’re coding spyware and guiding drone missiles.  In this new economy, an entrepreneur can start a new business and be killing civilians in their homelands in no time!

Thu, 10/09/2014 - 17:46 | 5310969 Charles Wilson
Charles Wilson's picture

Work harder, Proles...

Thu, 10/09/2014 - 18:04 | 5311067 NoDebt
NoDebt's picture

The father of lies has spoken.  

By the way, it helps if you understand he is NOT speaking to Millenials in this article.  He's NEVER speaking to those he claims to be speaking to.

Thu, 10/09/2014 - 18:12 | 5311108 Zhuge Liang
Zhuge Liang's picture

father of lies? bit of a stretch really.  more like the shine boy of the father of lies...

Thu, 10/09/2014 - 18:25 | 5311164 max2205
max2205's picture

Head  smoke blower In Chief

Thu, 10/09/2014 - 18:27 | 5311169 max2205
max2205's picture

Any bets on when his LAST LIE will be uttered before he leaves the POTUS?

Thu, 10/09/2014 - 19:33 | 5311465 Theosebes Goodfellow
Theosebes Goodfellow's picture

I call BS. This is definitely not his chum wagon speech. What an asshat.

Thu, 10/09/2014 - 19:34 | 5311477 disabledvet
disabledvet's picture

"Eat your peas, pay your debt."

That bailout ain't for you or me...but the higher prices sure are!

Thu, 10/09/2014 - 20:01 | 5311579 Syrin
Syrin's picture

Did he unload all over Reggie Love after writing this piece of shit full of out right lies?

Thu, 10/09/2014 - 20:43 | 5311760 SeattleBruce
SeattleBruce's picture

"Along with having higher education levels, you’ve got a lower gender pay gap than other generations?—?and we’re working to close it even further."

Well, sure, as long as you're all making that min. wage, or $0, that gap will disappear!  I just had a guy run the numbers on that.  Praise Allah!

Thu, 10/09/2014 - 23:41 | 5312555 Richard Chesler
Richard Chesler's picture

Such chutzpah. Corrupt mutherfucker.

 

Fri, 10/10/2014 - 01:36 | 5312792 SilverIsKing
SilverIsKing's picture

I'm waiting for the Fed to issue the $3 bill with his picture on it.

Fri, 10/10/2014 - 02:20 | 5312846 The9thDoctor
The9thDoctor's picture

Obama's op-ed is WAY TOO LONG for a millennial to read. He should have kept it under 140 characters and tweeted that shit.

Thu, 10/09/2014 - 19:33 | 5311466 Son of Loki
Son of Loki's picture

ISIS terrorists caught entering U.S. through southern border in last 36 hours

 

According to Judicial Watch, it has been confirmed by Homeland Security sources that four Islamic terrorists have been apprehended in the last 36 hours by federal authorities and the Texas Department of Public Safety in McAllen and Pharr. California Congressman Duncan Hunter, a former Marine Corp Major and member of the House Armed Services Committee, disclosed on national television that at least ten Islamic State of Iraq and Greater Syria (ISIS) fighters have been caught crossing the Mexican border in Texas.

 

http://www.examiner.com/article/isis-terrorists-caught-entering-u-s-thro...

If they had been carrying some lanw equipment/mowers they probably could have sneaked through.

Fri, 10/10/2014 - 04:58 | 5313003 Mr. Ed
Mr. Ed's picture

It's the plan... wide open borders and a raging ebola epidemic...

Obie's "New American Economy" won't materialize, but we'll be so busy hiding from ISIS and the ebola virus that no one will ever notice.

Of course, 4 terrorists were apprehended by the Feds... ooooh, that's a nice touch!!

Thu, 10/09/2014 - 21:40 | 5312052 toady
toady's picture

Go get your shinebox!

Thu, 10/09/2014 - 18:14 | 5311114 linniepar
linniepar's picture

In this sociofascist country, where do I send the bill for the puke cleaner uppers?

Thu, 10/09/2014 - 18:20 | 5311138 Blues Traveler
Blues Traveler's picture

Lord of Flies. His vision for america is not for americans, he is insane and congress went along with it. Don't forget that He is going to pardon Holder, Lois Lerner and everyone who participiated in covering up his scandals. 

And millennials unemployment is 24%, fuk usa today article claiming 15%.  This is actually a smart move by oblunder, trying to connect to them, by demographic catgeory they are by far the least informed, knowledgeable and educated of all.  So this will probably work.

Thu, 10/09/2014 - 19:38 | 5311486 disabledvet
disabledvet's picture

Most indebted.

So much for the Jubilee.

Not even Detroit got a bailout...although after throwing GM debt holders under the bus that's not a surprise.

Thanks for all those gas guzzlers as a result too Detroit!

Thu, 10/09/2014 - 18:19 | 5311139 4shzl
4shzl's picture

He didn't even give them the courtesy of a reach-around.

Thu, 10/09/2014 - 19:53 | 5311554 nmewn
nmewn's picture

I thinkin this will go down as his i-shit address.

Buy moar i-shit manufactured in China, go deeper into debt for your education and you too can deliver pizzas using GPS!

Fri, 10/10/2014 - 04:39 | 5313000 Bangalore Equit...
Bangalore Equity Trader's picture

Listen.

"We have no jobs for you now. Goldman will sell you some credit products if you want to get a degree in Entrepreneur and then I promise you will make billions with your website. I'm excited, are you?".

Thu, 10/09/2014 - 17:46 | 5310971 freewolf7
freewolf7's picture

"Why aren't they listening anymore?"

Thu, 10/09/2014 - 18:03 | 5311058 NoDebt
NoDebt's picture

I think you hit on one thing that actually DOES bother him.  Nobody waiting in line for hours to hear him talk any more.  Not unless they're paying for a $10,000/plate fundraising dinner.

Thu, 10/09/2014 - 18:30 | 5311175 max2205
max2205's picture

Because he didn't deliver it in Español

Thu, 10/09/2014 - 18:41 | 5311224 Kirk2NCC1701
Kirk2NCC1701's picture

Op Ed? Who reads that anymore?

He should have made a YT clip or a video game.

I had to stop reading, cause it was about to make my eyes bleed.

Thu, 10/09/2014 - 17:47 | 5310984 ShrNfr
Thu, 10/09/2014 - 17:53 | 5311014 McMolotov
McMolotov's picture

For a guy who won a peace prize, he sure does kill a lot of folks.

Thu, 10/09/2014 - 18:21 | 5311150 A Lunatic
A Lunatic's picture

Dead people are peaceful people. Do try to see things from his perspective once in awhile.......

Thu, 10/09/2014 - 18:54 | 5311228 Normalcy Bias
Normalcy Bias's picture

Doesn't he seem far more concerned about his next tee time than any of those innocent folks that have been blown to bits with Hellfire missiles?

Strange. I'm sure his conscience really gets to him at the turn or the 19th hole, though...

Thu, 10/09/2014 - 19:04 | 5311327 JuliaS
JuliaS's picture

What would you expect from a prize named after the inventer of dynamate.

Thu, 10/09/2014 - 20:44 | 5311770 Mike in GA
Mike in GA's picture

The inventor of Dynamate was the same Australian woman who invented Vegemite.

The Nobel Peace Prize was named for the Swedish inventor of dynamite, the explosive. :)

Thu, 10/09/2014 - 19:39 | 5311493 Chupacabra-322
Chupacabra-322's picture

@ McMoltov,

Sick Pure Evil Scum Fuck War Criminal Psychopath Tortures a lot of Folks too.

Thu, 10/09/2014 - 17:54 | 5311017 Overfed
Overfed's picture

Maybe I'm a cheapskate, but I just can't see the value in burning $220K worth of missiles to take out a passenger car.

Thu, 10/09/2014 - 18:00 | 5311044 hedgeless_horseman
hedgeless_horseman's picture

 

 

Are you blind, duck? 

Plenty of value for Lockheed Martin shareholders. 

Sheeesh!

Thu, 10/09/2014 - 22:29 | 5312283 NIETSNEREM
NIETSNEREM's picture

You didn't build that missile....

Thu, 10/09/2014 - 18:00 | 5311047 McMolotov
McMolotov's picture

You're not the guy who got paid $220K for those missiles.

Thu, 10/09/2014 - 19:20 | 5311398 Overfed
Overfed's picture

LOL! Ya' got me there. After Penetta's announcement yesterday, I think I had better buy some Lockheed, Boeing, and Raytheon stock.

Thu, 10/09/2014 - 22:12 | 5312206 explosivo
explosivo's picture

Did the printing machine break?

Thu, 10/09/2014 - 17:42 | 5310948 SofaPapa
SofaPapa's picture

Along with having higher education levels, you’ve got a lower gender pay gap than other generations?—?and we’re working to close it even further.

Hands down, my favorite line.  Because... well, yeah! The gap has decreased; that's an easy one, Barack.  Men now make way less money than they did before.

Next...

Thu, 10/09/2014 - 17:45 | 5310966 McMolotov
McMolotov's picture

"Thanks to the Affordable Care Act, a lot of you only have to work for 29.5 hours a week now, so you're free to write poetry or sit around with your thumbs up your butt."

Thu, 10/09/2014 - 17:49 | 5310986 ShrNfr
ShrNfr's picture

Or if you are Barney Frank, other things up your butt.

Thu, 10/09/2014 - 19:28 | 5311443 NoPension
NoPension's picture

Barney Fwank

Fify

Thu, 10/09/2014 - 17:50 | 5310992 negative rates
negative rates's picture

Do some yoga, and buy a pistol for that thumb problem of yours.

Thu, 10/09/2014 - 17:51 | 5311004 Rigger
Rigger's picture

It's complete horseshit anyway. Across most industries men and women are paid the same, it's only when you step up to the executive level that you findwonen who trade off money for flexibility.

 

But hey, that which keeps us divided (and more likely to vote for that cunt Hillary) is going to be the status quo.

Thu, 10/09/2014 - 18:12 | 5311109 NeoRandian
NeoRandian's picture

I wouldn't mind working to help the olds if they didn't all hate the youngs (and everyone else).

Thu, 10/09/2014 - 18:36 | 5311201 SAT 800
SAT 800's picture

You're being distracted; you need a living wage; you can only get it by letting the Chinese starve instead of you. If you had a Union manufacturing job you wouldn't be looking for scape goats who didn't cause the problem in t he first place.

Thu, 10/09/2014 - 22:36 | 5312317 danimal2000
danimal2000's picture

not to mention the entry level jobs going to older, retirement aged people who are on medicare, so the employer doesnt have to insure them...Obama's a lying piece of shit , who still after 6 years in office is still unqualified to run a country 

Thu, 10/09/2014 - 22:36 | 5312318 danimal2000
danimal2000's picture

not to mention the entry level jobs going to older, retirement aged people who are on medicare, so the employer doesnt have to insure them...Obama's a lying piece of shit , who still after 6 years in office is still unqualified to run a country 

Thu, 10/09/2014 - 17:37 | 5310904 Fred Garvin
Fred Garvin's picture

"Why I'm betting on you to shape the new American economy"

 

The caption should read " Why I'm betting on you to pay for the last American economy"

Thu, 10/09/2014 - 17:48 | 5310977 TeamDepends
TeamDepends's picture

Hope you like the Change! (bolts for exit)

Thu, 10/09/2014 - 17:47 | 5310983 Relentless101
Relentless101's picture

I... uh... am betting on you... see... because I... uhhh... sure can't fucking do it. Fuck Republicans and... uhh... God bless the USA!

Thu, 10/09/2014 - 18:14 | 5311113 QQQBall
QQQBall's picture

I'm walking on water here for you losers....

Thu, 10/09/2014 - 18:24 | 5311157 SAT 800
SAT 800's picture

you want a new american economy? cut off the ships from China, and dismantle the Fed. .Gov machinery; presto economic bliss. yeah, some rough patches while we start making our own socks and pants again; but guess what, we can.

Thu, 10/09/2014 - 18:33 | 5311188 SAT 800
SAT 800's picture

You should try really, really hard to remembe what the actual problem is. the actual problem is "globalization" eg; most favored nation trade status for Communist China. Cut off the ships; and we go back to work. keep getting distracted by banks and political speeches and you're doomed. clinton signed t he act into law in 1980. There's no reason for it. we don't need to trade with China; t he legislation was written by t he big cor porate bosses so t hey could use slave labor and sell in dollars; t heir dream come true; your nightmare. There's no reason for it; it's not necessary.

Fri, 10/10/2014 - 06:15 | 5313066 LithiumWarsWAKEUP
LithiumWarsWAKEUP's picture

How else are they going to get 1 1/2 billion people to have credit cards and paying Interest?

Thu, 10/09/2014 - 21:31 | 5311464 Everybodys All ...
Everybodys All American's picture

and he's betting you'll still believe in hope and change given you're high as a kite.

Thu, 10/09/2014 - 20:20 | 5311651 Larry Dallas
Larry Dallas's picture

Folks. That should be a drinking game in and of itself.

Thu, 10/09/2014 - 22:59 | 5312403 KnuckleDragger-X
KnuckleDragger-X's picture

Yep, that degree in feminist cisgender studies is gonna be worth buttloads of money....real soon now.....

Fri, 10/10/2014 - 00:04 | 5312613 BeerMe
BeerMe's picture

Funny considering I see some millenials walking around with Fuck Obama tshirts on.

Thu, 10/09/2014 - 17:33 | 5310899 MeMongo
Thu, 10/09/2014 - 17:50 | 5310998 ShrNfr
ShrNfr's picture

Can we get Kerry there to see it first hand as it hits?

Thu, 10/09/2014 - 18:05 | 5311075 MeMongo
MeMongo's picture

ShrNfr....Oh hell no! Can you just imagine the size of that horse face after a blast of cesium 137 or cobalt 57?.....UGH!

Thu, 10/09/2014 - 17:35 | 5310905 clade7
clade7's picture

Lookout!  the fuckers got a pen!

Thu, 10/09/2014 - 19:17 | 5311335 JuliaS
JuliaS's picture

Well, at least it ain't scissors.

Thu, 10/09/2014 - 17:36 | 5310916 Scribbles
Scribbles's picture

This is the translation. He delivered the speech in Mandarin. 

Thu, 10/09/2014 - 17:38 | 5310919 McMolotov
McMolotov's picture

Are you apologizing for the destruction of an entire generation of young Americans? You're not?

Well then fuck off.

Thu, 10/09/2014 - 17:51 | 5310999 negative rates
negative rates's picture

Should we be?

Thu, 10/09/2014 - 17:38 | 5310921 B2u
B2u's picture

If Americans were  innovative Obama would never have been elected.

Thu, 10/09/2014 - 17:39 | 5310924 XqWretch
XqWretch's picture

How does he keep a straight face when spewing this bullshit? If nothing else, the guy is a good actor

Thu, 10/09/2014 - 17:43 | 5310951 JohnG
JohnG's picture

Pathological liar.

Thu, 10/09/2014 - 17:51 | 5311003 ShrNfr
ShrNfr's picture

Pathological narcisist which is often hard to discriminate from a psychopath.

Thu, 10/09/2014 - 18:32 | 5311187 r00t61
r00t61's picture

Key characteristics of the charismatic sociopath:

1. Glibness, superficial charm

2. Grandiose, exaggerated sense of self-worth

3. Lack of remorse, shame, guilt, empathy

4. Ability to change outward image to suit any situation

5. Ability to lie effortlessly

Thu, 10/09/2014 - 18:43 | 5311235 bbq on whitehou...
bbq on whitehouse lawn's picture

They are all assholes when they get butt hurt if you ask them a question they didn't say you could ask.

Thu, 10/09/2014 - 21:52 | 5312114 Government need...
Government needs you to pay taxes's picture

Preezy is a textbook definition of narcissistic personality disorder.

Thu, 10/09/2014 - 17:39 | 5310930 just-my-opinion
just-my-opinion's picture

New E-con-oh-my

46 year old engineer ....made over $100,000 a year in the past....now I can't get a job....WTF is wrong with this world

Thu, 10/09/2014 - 17:46 | 5310972 besnook
besnook's picture

should have studied humanities

Thu, 10/09/2014 - 17:57 | 5311033 just-my-opinion
just-my-opinion's picture

You know what is most F-ed up

I own my house.....I don't pay the taxes....This world is fucked up

Thu, 10/09/2014 - 18:22 | 5311152 besnook
besnook's picture

you know through luck and brains i dropped out and have done okay(very good, i guess statistically). i have the reagan/volcker recession to thank for that. if i got smacked like that in my 40s people could have died.

Thu, 10/09/2014 - 19:17 | 5311390 Nick Jihad
Nick Jihad's picture

Same here - graduated in 1982, just in time for the recession. Which doesn't compare to this recession, but it changed my attitude for sure.

Thu, 10/09/2014 - 17:50 | 5310996 QQQBall
QQQBall's picture

Borrow and go to college.

 

 

 

just kidding

Thu, 10/09/2014 - 18:48 | 5311257 pitz
pitz's picture

At least you had a job.  Large numbers of engineers graduated over the past decade and a half since the late 1990s still are sending their resumes out, not even to receive the basic courtesy of a response from the employers. 

Fri, 10/10/2014 - 09:04 | 5313546 Leraconteur
Leraconteur's picture

Not getting a job sucks, but demanding a reply is whinging.

When I set out a job listing, 1,000 replies would come back.

There is no way to reply to them all except with an automated response.

That's why you don't sit and wait, you call, and you follow up, and you visit them in person, whatever it takes. 

You COULD work overseas, but that would entail risk. A STEM degree gets many doors opened, you could teach IB schools, tax free.

Thu, 10/09/2014 - 17:41 | 5310931 Mr. Crisp
Mr. Crisp's picture
  1. You have unlimited opportunities to serve french fries...(unless an undocumented worker beats you to it)
Thu, 10/09/2014 - 17:41 | 5310939 Bumbu Sauce
Bumbu Sauce's picture

Stuck between schadenfreude and blinding rage.

Thu, 10/09/2014 - 18:41 | 5311227 SAT 800
SAT 800's picture

That lead line is very Orwellian. And Clinton is waiting in the wings to finish the job. you can these politicians to do what you want; but you have to unite behind a correct idea of what you need and then demand it or they don't get elected. And you really should try a Republican next time; repeating t he same experiment over and over and waiting for a different result is stupid. somebody smart said that , I think. Look at it this way; could it be worse t han Clinton? No. No; you may not understand this but it  really cannot be any worse than t hat; she is part of this whole cabal. Vote Republican; elect a business man who has actually done somet hing useful in his life; throw a wrench in their plans; t hey don't  expect this; so do it . IT CANT BE ANY WORSE.

Thu, 10/09/2014 - 17:41 | 5310942 Dr. Engali
Dr. Engali's picture

A lot of "I" and "I'ves" in that line of bullshit.

Thu, 10/09/2014 - 17:42 | 5310944 yogibear
yogibear's picture

Obama resided on the largest increase of food stamps, shift from full-time to part-time jobs and the largest deficit in history.

Thu, 10/09/2014 - 17:42 | 5310945 divide_by_zero
divide_by_zero's picture

Huh, no mention of highly preferential .gov subsidies for campaign donors.

Thu, 10/09/2014 - 19:22 | 5311413 Nick Jihad
Nick Jihad's picture

In his mind, those are the "entrepreneurs" that his administration has been assisting.

Thu, 10/09/2014 - 17:44 | 5310954 Seasmoke
Seasmoke's picture

That's pure comedy right there Jerry. Gold.

Thu, 10/09/2014 - 18:18 | 5311134 NYPoke
NYPoke's picture

Saw an article on LinkedIn yesterday, unfortunately.  A college Prof, small Liberal Arts College, had a class full of students who couldn't figure out 8+7=15, without a calculator.  I can understand that.  Too much technology.

 

She, & the people chiming in though, had no idea how to teach them.  They were all looking at pictures & mental images.  Not surprisingly, this was a Common Core Group.  Shocker To The Max.  Not a single suggestion for pencil, paper & lots of addition/subtraction tables.  Not a one.  

 

THAT'S tragi-comedy gold.

Thu, 10/09/2014 - 19:36 | 5311482 NoPension
NoPension's picture

If the cell phones stop, these kids will roll up into a fetal position. They are NOT taught how to think. By nimrod teachers no less.

We're fucked.

Thu, 10/09/2014 - 23:07 | 5312430 KnuckleDragger-X
KnuckleDragger-X's picture

Separating the wheat from the chaff when it falls apart, if you can think you might survive, otherwise your compost.

Thu, 10/09/2014 - 17:43 | 5310955 limacon
limacon's picture

Editors create Brands .

Brand America needs a kick in the ass .

See http://andreswhy.blogspot.com/2007/06/editors-and-brands.html

Thu, 10/09/2014 - 17:44 | 5310964 besnook
besnook's picture

 Yanis Varoufakis in his article "What if the capital of future doesn't need us?", describes what he saw in Austin-Texas and what that means:While I was watching from my window in Austin-Texas, I saw a big cloud of dust deep in horizon. Two days ago, I was walking in that area and I was surprised by the view of the big factory where bulldozers and machines were continuously working, producing the dust. From the front side of the building under construction it was obvious that (fortunately) they were not building a new trade center or apartment blocks. No, it was a big industrial center.”Although I didn't notice it the first time, after a few seconds I realised that something was missing from this factory: people! Specifically, I counted three. All of them were wearing helmets and protection suits and were located in a small office in a space outside with a few computers, while they were covered by a tent like those used by the army. Ten bulldozers, three cranes and more or less ten moving tools, at least from what I could see, were moving without drivers, operators, workers generally.”When I returned to my office, I went straight to find a colleague who knows well what's going on. He informed me that the workplace I saw, was the new factory of Apple to produce MacBook Pro. It was true that, it was constructed through almost complete automatization. The materials had been selected through a way with which, the automatic machines - therefore robots connected to eachother through a local wireless network (intranet) - to be able to construct without human interference - even the hydraulic structure of the building will be constructed by plumpers-robots. A factory that under normal conditions should employ thousands of workers is functioning with the presence of less than one hundred souls.”I asked him about the move of Apple to produce computers in America, by bringing back in the US the production from China for the first time after decades. 'How's that?' And the answer was the expected one, although quite impressive: 'Wages are of no importance. The export of productive processes from America to China (off-shoring) was only an intermediate stage. The production has returned to America, but not the jobs. The new factory of Apple, not only is constructed without American workers' sweat, but will also produce MacBook Pro through complete automatization, without hiring Texans. Welcome to the New, Brave World', ended with a smile, referring obviously to the Brave New World of Aldous Huxley.” [...]When bulldozers and plumpers-robots that at this moment build the new factory of Apple, will start to learn from eachother and cooperate inside a robotic network, even the few jobs concerning the operation of these robots will vanish. In case that these armies of interconnected machine slaves belonged to everyone, thus if everyone had the right to benefit from the goods that they produce, then no problem. What should be done, however, in case that these machine slaves, the capital of future, belong (like the most of today's capital) to the very few, while at the same time most of the people do not have access in the goods they produce and an opportunity to work for a (human) wage?” Source: http://www.lifo.gr/team/apopseis/45702

 

i wonder how many macbooks those robots are going to buy.

Thu, 10/09/2014 - 17:53 | 5311012 ShrNfr
ShrNfr's picture

Don't matter much, people do not make the MacBooks either.

Thu, 10/09/2014 - 19:28 | 5311440 Nick Jihad
Nick Jihad's picture

Reminds me about the development economist in China (forget his name) who recounted visiting a site where a dam was being constructed. Observing the that entire work was being done with shovels and wheelbarrows, he asked "wouldn't this go faster if they had a bulldozer or steamshovel?".  His host answered that they were trying to increase employement. "In that case, why not take away the shovels, and give them spoons?"

Thu, 10/09/2014 - 17:49 | 5310995 Kreditanstalt
Kreditanstalt's picture

How can someone be SO out of touch with the mood of the people...?   Incredible...

Thu, 10/09/2014 - 17:52 | 5311010 HamRove
HamRove's picture

Easy when you don't really give a shit.

Thu, 10/09/2014 - 18:08 | 5311087 just-my-opinion
just-my-opinion's picture

I'm a bunch of not give a shit....at the same time....I still do...8^)

Thu, 10/09/2014 - 19:29 | 5311446 Nick Jihad
Nick Jihad's picture

Not giving a shit  helps, but the key is to be constantly surrounded by sycophants.

Thu, 10/09/2014 - 22:56 | 5312394 Vendetta
Vendetta's picture

Truly incredible ... one word: psychopath ... I wonder if he stares at his Nobel Peace Prize while ordering drone strikes on wedding parties just before heading out for a round of golf.

Thu, 10/09/2014 - 17:51 | 5311008 QQQBall
QQQBall's picture

Cross Campus?

Bad news coming - he always goes to the skools when he is more scared than usual....

Thu, 10/09/2014 - 17:54 | 5311018 ShrNfr
ShrNfr's picture

Then he goes to his crony billionaires for a handout at the gazillion dollar a plate fundraisers on our dime.

Thu, 10/09/2014 - 17:54 | 5311020 divide_by_zero
divide_by_zero's picture

I can imagine this being delivered with whistling S's(like the pedophile in Family Guy) speech pattern he reserves for white folks.

Thu, 10/09/2014 - 17:56 | 5311030 Stifmeister
Stifmeister's picture

It's a good speech. I'll give him that.

Thu, 10/09/2014 - 17:56 | 5311031 Stifmeister
Stifmeister's picture

It's a good speech. I'll give him that.

Thu, 10/09/2014 - 17:58 | 5311035 Bumbu Sauce
Bumbu Sauce's picture

The only hope millenials have is a huge number of retiring baby boomers leaving the workforce.  Of course they will be competing with everybody on the globe who can get H1B's.

Thu, 10/09/2014 - 18:10 | 5311096 Shizzmoney
Shizzmoney's picture

RE

The only hope millenials have is a huge number of retiring baby boomers leaving the workforce. 

Only problem:

A) The boomers aren't actually leaving the workforce at the rate that most thought (or in Wall St's case, oped, b/c then they start dipping into their SS and retirement ebenfits).  Actually, employment for those 55-70 is UP this year by 3%.

B) And the jobs that boomers retire from, usually don't get replaced by humans.  They are replaced by automation/robots.

I worked with not one, but TWO, 80 year olds at my last job.  And they weren't doing so to make more money to sustain their lives (although one guy probably kept working to escape his wife lol); they were doing so they could support their kids and grand kids who finan cially are having a hard time to get by.

Thu, 10/09/2014 - 18:35 | 5311196 pitz
pitz's picture

"They are replaced by automation/robots"

 

And H-1B visa recipients.  Which are foreigners, usually from India, willing to work at half price. 

Thu, 10/09/2014 - 23:02 | 5312416 Vendetta
Vendetta's picture

"willing to work at half price" not true.  But they do send the left over discretionary income back to india (or wheverever in asia) to build their homes there for relatives and themselves should they have to leave at 1/50th the cost of a home here

Thu, 10/09/2014 - 18:12 | 5311111 besnook
besnook's picture

the only hope millenials have is a good sized inheritance.

Thu, 10/09/2014 - 18:45 | 5311239 pitz
pitz's picture

From where?  Their broke, will-never-be-ready for retirement ancestors?  LMFAO!

Thu, 10/09/2014 - 19:42 | 5311503 NoPension
NoPension's picture

And Latin American un-documented Democrats with 10 kids.

Thu, 10/09/2014 - 23:17 | 5312474 rejected
rejected's picture

Well, your screwed.

I work for a very large telecom which is eliminating people as fast as it can. Most are taking retirement... as you say,,, but,,, they are not hiring replacements.

My particular area had over 200 workers. It's now down to about 20 in about 5 years. Six story buildings empty. It's horrible.

Good luck millennials...

 

Thu, 10/09/2014 - 18:03 | 5311063 gwar5
gwar5's picture

How can Millenials help shape the "New Economy" when old elitists have already stolen their future? The 18 yo's that voted for Obama back in 2008 are now 24 and trying to find jobs ---  and they ain't none!!

 

And only the libs use wormy memes like "Sustainable" and "New" because it's newspeak code for Socialism/Communism.

'Sustainable' environment, 'New' Social Contract, 'New' education system, 'Sustainable' energy sources, 'New' University of NYC (with uncle Karl on the wall and mission statement homage to Marx).

 

Thu, 10/09/2014 - 18:05 | 5311066 I Write Code
I Write Code's picture

Obumble is visiting a millenial "Cross Campus" spot today in Los Angeles, a place where enterprising millenials can go and sit for hours using the free wifi and "collaborating" with all their other enterprising and unemployed buddies, for only a hundred bucks a month.  A place to go and sit besides their parents' basement and Starbucks.

Be inspired.

Thu, 10/09/2014 - 18:05 | 5311069 Shizzmoney
Shizzmoney's picture

Whoever wrote this for Obama is a total putz

I'd never thought I would see a more condencending POTUS in my lifetime than Clinton.  Boy was I wrong.

I'm so glad, and validated, that I've never voted for any of these bums.  Remember folks, this is written during an election year; the Dems are super scared that us young voters won't come out to vote for them, where in fact, we don't want to vote for ANY of the assholes on both sides.

I don't want to be rich to own things.  I want to be rich so I can escape this dumpster fire of a country.

Thu, 10/09/2014 - 18:06 | 5311079 surf0766
surf0766's picture

Dear Leader says you are not crying enough for he is the greatest hoop player of all time.

Thu, 10/09/2014 - 18:07 | 5311082 QQQBall
QQQBall's picture

Luckily Obomber does not read the financial pages..

 

Brotha has the worst timing ever.

Thu, 10/09/2014 - 18:20 | 5311145 Shizzmoney
Shizzmoney's picture

And he is always late.....its like the guy doesn't even know his own races' stereotypes.

Thu, 10/09/2014 - 18:08 | 5311083 deeply indebted
deeply indebted's picture

"NEW American Economy"?? Should we go ahead then and assume that the "old" one is fucked?

Thu, 10/09/2014 - 18:17 | 5311130 vegas
vegas's picture

Dear Millenials: Your fearless leader thinks you are as stupid as you probably look. Go ahead, listen to the guy who has sold your future with impunity and lie to your face tell you again just how important you are to a socialist future.

 

www.traderzoo.mobi

Thu, 10/09/2014 - 18:25 | 5311158 Shizzmoney
Shizzmoney's picture

LOL "socialist future"

LOL at you guys thinking he's an actual socialist/leftist (communism does not equal liberalism; is a dictatoral ideology and is a cousin of fascism and theorcracy).  The motherfucker was just in Greenwich on Wednesday (which makes this OP-ED even more condescending; the only "bets" this guy has placed lately is with hedge fund managers).

You guys crack me up.

Hey Obama: we don't need someone to "bet" on us.  We need someone to support us, and trust me, unlike some of my sheeple millennial comrades: I know you aren't walking through THAT door and I know that once your term is over, you'll throw America under the bus and not care just like every other President after Carter.

Thu, 10/09/2014 - 19:00 | 5311309 Oldwood
Oldwood's picture

Socialists never intended to impose socialism or communism on us in the name of socialism or communism or even Marxism. They have simply been infusing our economic policies and education systems with those components of socialism that create the greatest swaths of destruction, while being imposed in the name of capitalism. Their goal is destroy the economy in the name of capitalism and individual freedom, herding us towards the tenants of Marx as the solution, even while the Marxists solutions were the very ones that brought us down. I don't think this is a labored logic here. This is what they wrote and spoke for years. This is what every socialist activist told us they would do.

Fri, 10/10/2014 - 08:38 | 5313428 Leraconteur
Leraconteur's picture

We need someone to support us, 

 

Why do you need someone to support you?
What is it that you cannot do for yourself that others can do for you?

Why not just get out of your way, leave you alone - that too difficult? 

Thu, 10/09/2014 - 18:19 | 5311135 SilverIsMoney
SilverIsMoney's picture

This millenial has some bad news for you... aint. gonna. happen.

Ron Paul already won over my generation after you fucked them over so badly. The Dems have no chance if Rand Paul gets the nom in 2016. You socialist fascist pigs are going down and when we write the history books you'll be remembered as the piece of shit you are!

Thu, 10/09/2014 - 19:47 | 5311530 NoPension
NoPension's picture

Well who keeps voting for these motherfuckers? Tell me it's not the under 30 crowd.

And I can't hardly blame you. After 16 straight years of indoctrination, what else?

Thu, 10/09/2014 - 23:07 | 5312428 rejected
rejected's picture

DARPA

Thu, 10/09/2014 - 18:19 | 5311140 syntaxterror
syntaxterror's picture

2 more years of this dumb fucking ****er. 

Fri, 10/10/2014 - 08:31 | 5313401 Leraconteur
Leraconteur's picture

752 days until the election...but the next one will be even worse...

Thu, 10/09/2014 - 18:29 | 5311174 alfred b.
alfred b.'s picture

 

     It should be obvious to everyone that he's more of a Nillenial than a Millenial !!!

 

Thu, 10/09/2014 - 18:32 | 5311185 robnume
robnume's picture

Showed this article to MY millenial's, still living at home with us...after they stopped laughing they wanted to break my computer!! Over Obombya's head, no less!

Thu, 10/09/2014 - 18:33 | 5311193 pitz
pitz's picture

Yet Obama's administration has presided over the importation of many hundreds of thousands of foreign nationals on the H-1B visa.  Foreign nationals which almost entirely displace young US college grads in the hiring process.  If Obama wanted to help young people, he'd immediately take steps to cancel the issuance of H-1B visas, rather than even entertain the thought of increasing their numbers. 

Fri, 10/10/2014 - 12:11 | 5314461 Otto Zitte
Otto Zitte's picture

Kill them. You can be damn sure thats what they'd do to you in their country. Thats what they are doing to us. With the full complicity and support of the 1% traitors and their political henchmen.

Thu, 10/09/2014 - 18:36 | 5311198 H. Perowne
H. Perowne's picture

Welcome back Carter! History will not be kind. 

Thu, 10/09/2014 - 18:44 | 5311240 dobermangang
dobermangang's picture

 

 

Obama has failed

The worst President ever

Jimmy Carter smiles!

Thu, 10/09/2014 - 21:59 | 5312156 Government need...
Government needs you to pay taxes's picture

But the press will.

Thu, 10/09/2014 - 18:35 | 5311199 Salsipuedes
Salsipuedes's picture

"Sadly kids, Oz can't give you critical thinking skills because you would then figure out that every action we encourage you to take will only take you one more inexorable step closer to your obsolesence or death. Now let's get those robots rollin'! Thank you suc...folks, and good luck!"

Thu, 10/09/2014 - 18:39 | 5311204 Jstanley011
Jstanley011's picture

http://www.youtube.com/watch?v=Hc9Fx7ZndnQ ">A Public Service announcement (21:50)

Courtesy of the Firesign Theater (1977)

"Everybody knows, this is the midst of the disillusionment and heartbreak season, and with the recent outbreak of that suicidal strain of despair from Boston, well, you'd better keep a close watch on your emotions.

"So, remember the seven danger signals of depression. That's a general and lasting feeling of hopelessness, inability to concentrate, loss of self esteem, fear of rejection, misdirected anger, feelings of guilt, and extreme dependency on others.

"At the first sign of these symptoms, friends, follow these simple rules: keep working, drink as much as possible, and take your television's advice.

"And you know, more TVs recommend an amazing, new psychic breakthrough than any other. And that's Confidence in the System. Fast, safe, and guaranteed by constant Federal control. Confidence in the System will keep them in power longer, longer, longer -- and tend to calm and obscure the miseries of disillusionment and despair.

"Confidence in the System, an easy to swallow propaganda form of new fast-acting thought control. So have some, today."

Thu, 10/09/2014 - 18:40 | 5311207 combatsnoopy
combatsnoopy's picture

"even our coffee shops have touch-screen ordering systems"

Um, Mr. OBammy?  I was one of those discriminated minorites who wasn't protected by Affirmative Action and had to pay for my own university.

And I did so by waiting tables until graduation which was in 2000, and we were using touch screen systems SINCE THE LATE 90'S .

(FACEPALM) 

This draft dodging boomer junkie lives in a bubble.   When you consider the source, he's the dipshit who sent the US troops after Ebola. 

Thu, 10/09/2014 - 18:44 | 5311234 dobermangang
dobermangang's picture

The Obama Presidency.  Taking on 1 hurdle at a time.

https://vine.co/v/OZFQFiiXIKD

Thu, 10/09/2014 - 18:47 | 5311259 Fred C Dobbs
Fred C Dobbs's picture

I think we have had all the help we can stand.

Thu, 10/09/2014 - 18:48 | 5311261 swmnguy
swmnguy's picture

I thought this line was telling: "That means making student loan payments even more affordable."  Not something like, "We should make education cost less," or "We should get serious about what jobs really should and shouldn't require a degree," or "We shouldn't confuse college and vocational training anymore and we should stop pretending they're the same thing."

But no, just loan payments should be more affordable.  Another Obama bailout for lenders, coming right up.  Every time this guy does anything, the primary benefit goes right to the credit creation sector.

Thu, 10/09/2014 - 23:09 | 5312441 Vendetta
Vendetta's picture

Oy.... fucking no kidding.  Just found out my nephew is graduating with fucking $44k in college debt, hope he can find a job in engineering in this fucked up country filled with utterly corrupt and lying politicians.

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