The unemployment rate for young Americans has exploded to 52.2 percent — a post-World War II high, according to the Labor Dept. — meaning millions of Americans are staring at the likelihood that their lifetime earning potential will be diminished and, combined with the predicted slow economic recovery, their transition into productive members of society could be put on hold for an extended period of time.

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I really don’t understand why all these experts just cannot understand economics.

History has always told us that economic success is directly related to having output. For your economy to do well you have to produce something of wealth. In addition, having a currency that inflates faster than the population can save will eventually cause even a great nation and economy to go bankrupt. The government needs to support the growth of businesses; not by over regulating industries to try and force the market to swing in a certain direction, but by stepping out of the way and making sure businesses have lower taxes so they can hire workers and have the necessary capital to finance operations.

All the problems we are seeing now is directly related to government arrogance. Not every politician knows how to run a business. Yet every single one is willing to pretend to know how if it means large donations from giant corporations. Meanwhile, the rest of us lose our jobs and further become slaves to debt.