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Fairy Dust for the Middle Class

January 30, 2015 By Debbie Young

Other than President Obama, who obsesses over fairness? Children—unrealistic children who are prone to shout out, “that’s not fair.” Mr. Obama would like “free” community college for everyone so that “everyone gets their fair share, everyone does their fair share, and everyone plays by the same set of rules.”

But according to one estimate reported by BloombergBusiness, 53% of recent college grads are either unemployed or have relatively low-paying, low-skilled jobs. Furthermore, the number of graduates is growing faster than the number of high-paying jobs.

The WSJ’s Daniel Henninger writes, “In Mr. O’s world, tax revenue is sort of like Tinker Bell’s pixie dust. You just scoop up another handful and spread it wherever you want.” Make no mistake, Mr. Obama’s fairytale of “childcare, college, paid leave, health care, a home, and retirement” fairness canard is going to be front and center during the next presidential election. He might as well be writing Hillary Clinton’s campaign agenda. Read more here from Mr. Henninger who fears that “…no conceivable Republican presidential candidate will be able to outbid or out gripe Hillary Clinton.”

Anecdotal observations: Dick and I are taking a French immersion class at our local Florida Keys Community College. The instructor, who teaches French and Spanish, was lamenting the low enrollment numbers in general at the school. We are among five taking the course—just barely enough for her to teach.  An acquaintance of ours from El Salvador told us that he attended five semesters of English as a second language at FKCC but was unable to continue. He was the only enrollee.

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Debbie Young
Debbie, editor-in-chief of Richardcyoung.com, has been associate editor of Dick Young’s investment strategy reports for over three decades. When not in Key West, Debbie spends her free time researching and writing in and about Paris and Burgundy, France, cooking on her AGA Cooker, driving her Porsche Boxter S through Vermont and Maine, and practicing yoga.
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