One factor I think Obummer and his crowd have forgotten how cynical the young can become.
I think you're right. I know several young couples that bought homes during the housing boom only to lose them a few years later when everything crashed down. They're very bitter, and although it was their own fault, I have some sympathy for them and understand their not-so-rosy outlook on life.
The college vote in 2012 wasn't around for all the media driven drool from 2008--Bush hatred, first black president, hope and change, all the rest of the perverted hoopla. Now all the new crop has is a poorly defined, inarticulate wannabe who doesn't tell jokes very well.
The desperation gamble of the 'rats trying to sell the turd worlder as "cool" is doomed. How many youts want to have their parents telling them what "cool" is? Not very many.