That?s not how Bloomberg Business Week states the issue, but a brief article in the latest issue offers an interesting observation:

Class of 2010, meet the competition: the Class of 2009. “It’s discouraging right now,” says 24-year-old Matt Grant, who graduated 10 months ago from Ohio State University with a degree in civil engineering and three internships. He finally has a job?as a banquet waiter at a Clarion Inn near Akron. Grant has applied for more than 100 engineering positions around the country. “It’s getting closer to the Class of 2010 [graduating],” Grant says. “I’m starting to worry more.”

So is the Obama Administration. The plight of the young and cubicle-less could hurt the Democrats in midterm elections. The youthful voters who helped propel the party to victory in 2006 and 2008 show signs of waning enthusiasm amid their economic travails. “It’s definitely tamped down the energy and the excitement and activism that the Obama campaign had sparked among that entry-level age group,” says Democratic strategist Joe Trippi, who advised Howard Dean’s 2004 Presidential campaign and is involved in several midterm races. “The problem is they have other things to worry about now.”

The party’s lead among younger voters already has dropped sharply. While in 2008 Democrats held a 62-percent-to-30-percent advantage over Republicans among “millennials” born after 1980, that 32-point margin shrank by the end of March to 18.

It?s sad to see young voters losing their religion.