Posted on 06/26/2011 10:17:17 AM PDT by John Semmens
With unemployment remaining stubbornly high after more than two years of his Administrations economic stimulus policies, President Obama laid into the ATM (Automatic Teller Machine) as a symbol of whats ailing the economy.
First off, these machines displace workers, increasing unemployment, Obama maintained. People used to be employed as bank tellers to dispense cash and take deposits. Now, millions of these machines have eliminated millions of jobs.
Secondly, the governments ability to control how money is dispensed is hampered, the President added. These machines are open around the clock and the process is pretty much automatic. If theres money in your account the machine will pay you. Theres no opportunity for authorities to exercise discretion. The potential for effecting a more socially conscious deployment of the nations cash resources is diminished.
In an ideal world the government would exercise a more comprehensive oversight of how money is handled throughout society, Obama opined. Before anyone could access this resource it would have to be justified by a showing of need or conformance with the nations goals and policies.
While some hailed the Presidents perspective as innovative and refreshing, Senator Ron Johnson (R-Wisc) was notably unimpressed, dubbing it a depressing display of economic ignorance.
read more...
http://azconserv1.wordpress.com/2011/06/26/treasury-secretary-makes-case-for-higher-taxes/
Putz!
His economic advisers went along with that ?!
I get it. It’s bad for people to have access to what they have left after the government takes the rest.
ATM has many meanings
Barry Hussein Soetoro Obama is the symbol of everything that is wrong with the country! A black Moslem socialist elected to the presidency because of reverse racism and white liberal guilt. An entitlement mentality without any skill or competence to back it up. A lazy, incompetent fraud who has time to play golf and shoot hoops with his rapper homies, but has no clue how to alleviate the suffering of millions of Americans that he himself caused.
“Secondly, the governments ability to control how money is dispensed is hampered”
What kind of socialist crap is this? It’s my f’n money and I have the ability to control how much is dispensed.
But, but, just like you need Mochelle’s advice on what to eat and when to eat it, you need the Govment’s advice about your money, when to get it, and what to do with it...got it?
Another Terrorist Muslim.
Every time I hear this guy talk I think to myself, what a FI (f*ing idiot).
Ok so what parts are actually satire?
Look who’s talking, the government have their own ATM that prints money!
SINCE WHEN IS IT ANY OF GOVERNMENT'S BUSINESS TO "CONTROL" HOW MONEY IS DISPENSED??? ( Yes, I am screaming!)
Herein lies the real reason behind Obozo attacking ATM machines. No governmental control over money being spent by we the people.
But there was Obama this week at Carnegie Mellon, serving up federal dollars to partner government, education and the private sector into developing new automation technologies for manufacturing.
You see, folks, the ATM is the product of capitalism, and is, therefore, evil.
Unfortunately, we live in a world where satire and truth are very very close. Obama would actually say these things, because it’s exactly what he believes. This satirical article would be funny if it wasn’t so darned close to the truth.
American Tyranny Moderator
And in other news Obama is a symbol of whats wrong with this country.
Of course he hates them. They permit people to get their money. Now if the ATM would distribute their cash direct to the government...
The 1st liberal marxist black president is a symbol of what’s wrong with this country.
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