Alan Greenspan has a theory as to why our economy is failing to recover at a reasonable pace: young workers.  Here’s his theory …

"[Baby boomers] are being replaced by groups of young workers who have regrettably scored rather poorly in international educational match-ups over the last two decades.”

"The average income of U.S. households headed by 25-year-olds and younger has been declining relative to the average income of the baby boomer population. This is a reasonably good indication that the productivity of the younger part of our workforce is declining relative to the level of productivity achieved by the retiring baby boomers. This raises some major concerns about the productive skills of our future U.S. labor force."

Not only is Alan Greenspan right, but it gets worse … this is by design.  We may actually be witnessing the first generation who will fail to achieve a higher quality of live than their parents.   This is because the failure of our government education system to adequately prepare students for the economic challenges of our time.  We have young people who have been hammered with leftist dogma about the evils of capitalism.  They’ve been taught that profits are evil.  The term “for-profit” has become an epithet in many government schools.  Students today are often taught that America’s greatness comes from government – not from people living free to pursue their goals as far as they will take them in an economy based on economic liberty.

What most Americans don’t grasp is that this is all by design.  This is exactly what our government schools were designed and created to do.   The easily-documented purpose of government education in this country was to create good government subjects that could read manuals, follow orders and run machinery.  Not that there is anything wrong with people who run machinery … but these government schools were not created in order to produce men of letters or scholars.  And the teachers unions have sealed its fate by assuring that government education is more about providing paychecks for teachers and administrators than it is about actually teaching a darn thing to your children.

I would hate to believe that this generation will ensure that candidates like Barack Obama continue to be elected to the White House.  But let me remind you of this fact: “Young voters preferred Obama over John McCain by 68 percent to 30 percent — the highest share of the youth vote obtained by any candidate since exit polls began reporting results by age in 1976.”  Alan Greenspan is talking about the Barack Obama generation … a generation that believes they are owed everything because this is what they have been taught for years in their government schools and validated by mommies and daddies who sent them to soccer leagues where everyone got a trophy.