from Investor’s Business Daily George Will writes 2014 College Grads Voted Obama And Now Suffer For It

Excerpts:

Ronald Reagan lightened the weight of government as measured by taxation and regulation. Obama has done the opposite. According to the annual “snapshot of the federal regulatory state” compiled by Clyde Wayne Crews Jr. of the Competitive Enterprise Institute, four of the five largest yearly totals of pages in the Federal Register — the record of regulations — have occurred under Obama.

The CEI’s delightfully cheeky “unconstitutionality index,” measuring Congress’ excessive delegation of its lawmaking policy, was 51 in 2013. It means that Congress passed 72 laws but unelected bureaucrats issued 3,659 regulations.

So, the rate of household formation has, Neil Irwin reports in The New York Times, slowed from a yearly average of 1.35 million in 2001-06 to 569,000 in 2007-13. And investment in residential property is at the lowest level (as a share of GDP) since World War II. “If,” Irwin writes, “building activity returned merely to its postwar average proportion of the economy, growth would jump this year to a booming, 1990s-like level of 4%.”

There is, however, something new under the sun. The Pew Research Center reports that Americans 25 to 32 — “millennials” — constitute the first age cohort since World War II with higher unemployment or a greater portion living in poverty than their parents at this age. But today’s millennials have the consolation of having the president they wanted.

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