Skip to comments.Barack Obama Thinks an ATM Ate Your Job
Posted on 06/15/2011 9:03:51 AM PDT by Para-Ord.45
Obama gave away the game. Without actually using the words, Barack Obama admitted he is completely and utterly ignorant about job creation and economics. In an interview with the Today Show, Barack Obama declared that the unemployment rate remains so high because of ATMS.
For starters, this Obama comment really is odd when he wants the government to subsidize the production of electric cars, which would destroy whole sectors of the economy centered around gas fueled cars. If he believes ATMs destroy jobs, why does he want to subsidize government innovation in green jobs, which would destroy other jobs? Of course, the answer to that is that he wants to destroy the other sectors.
Whats more troubling about Barack Obamas statement though and the White House doubling down on it is that it leads to one of two conclusions, both of which are horribly wrong.
The first conclusion is that we should get rid of technology, declaring a veritable Butlerian Jihad. Doing so would cause companies to allocate resources more inefficiently, which might increase the labor pool in one sector of the economy, but assuredly wipe it out in another.
The second conclusion is that we must settle for this. It is arguable that we are in a period of stagnation with regard to innovation, invention, and technological progress. But settling for this as fact will most likely lead the government to take public policy steps to strengthen and expand the social safety net to compensate for lost jobs than to get government out of the way and fire up the private sector to move beyond the stagnation and innovation plateau.
We can see already that Barack Obama has decided to go with the second option to accept a decline and prepare for the decay caused by the decline instead of taking proactive steps to get the economy firing up again.
Barack Obama shows himself to be clearly ignorant of the way a free market economy works and innovates. Consequently, his economy policy is founded on that ignorance, accepts as gospel the decline of the United States, and, until he is replaced, were screwed.
Then there’s really stupid....
And below that, there’s Obama-level, White House Clown Show of Felon-Cretins stupid.
And THAT is the baseline from all which all stupid shoulde be measured,
The ignorant Kenyan luddite. Does he know that ATM machines have to be built, serviced, maintained, etc etc?
No,no NO. Not the porn ATM.
Automatic Teller Machines
I found this latest excuse particularly amusing because Bambi is acting as if mechanization and automation were something that just started two and a half years ago. Yeah! That’s it, that’s why there are no jobs.
The argument that mechanization destroys jobs has been around since the 19th century, with the advent of the machine.
It doesn’t destroy jobs; it replaces some and creates new ones. As long as you have a growing, prosperous economy, that is...and this is the problem under Bambi. Our economy in this stagnant welfare state is anything but growing and healthy, and even if we had a country of nothing but manual labor and tallying things up on an abacus, we’d still have unemployment (both those who can’t find jobs and those who don’t care to work).
Glenn Beck and his crew were just doing a hilarious bit about this on his radio program.
Zero is such a big doof.
It’s not stupid. It’s by design. Democrats are the party of people dependent on government. Like drug dealers getting people hooked by giving them free samples, they are trying expand that base by forcing people to be dependent on them.
Never attribute to stupidity what can be explained by greed or malice.
The problem is his blind followers are just as stupid and will swallow this hook, line and sinker as they simultaneously get evicted and can’t find work.
We have a serious ignoramus problem in our nation.
Product of the Department of Education, funded by you the taxpayer, and its revisionist history and emphasis on the young skulls full of mush coming out of our education system since peace and love, political correctness and environmentalism entered the psyche of the once-American experience, most of which voted for Obama.
I had to laugh out loud at this. True story: Several years ago hubby took his elderly uncle, who was worth a fortune, to show him the wonderful invention of the ATM. He told him, “Now Uncle, you can get your money any time of day or night. Just punch in your code number and out comes your money.” As he demonstrated with his own card and received his money, Uncle watched with interest. Then he asked, “Who was in there to give you that money?” Hubby said, “Nobody is in there, Uncle, it done by machines and computers.” Uncle thought about that for a minute and then opined, “Huh, ain’t no wonder there’s so many people out of work.” Uncle never did get a debit card. He did as he had always done, kept his money under the mattress.
does he also think the tractors ate his shovel ready jobs
If Obama had only been around in the early part of the last century, he might have been able to save the jobs of those displaced bridle and buggy whip manufacturers.
The other ‘stupid’ thing Obama said and nobody called him out on that is HE CREATED 2 MILLION JOBS.
>>> Prove it.
(This is what I mean.)
Now this is worthy of the media’s Palin-email franzy digging.
Have WH provide the list of jobs created and the people who got those employment. And journalists, go at it.
There are far too few that are willing to point out that America’s decline is a
of the left. Far too few have the guts to even acknowledge that there are a group of people out there that really want America to collapse, that have an actual malicious goal for us.
The dog ate his college records.
How many cue card holders did his teleprompter put out of work? Why didn’t the Today Show geniuses ask him that?
Hussein is an economic illiterate. He doesn’t have a clue.
Actually, 0bama is unwittingly encouraging the use and development of automation and systems that increase worker productivity. The same thing happened during FDR. Because of laws that increased the power of unions, 1930s businesses sought ways to improve efficiency so that they would not have to hire more union workers. Sounds familiar? 0bama has increased costs through regulation and indirect taxes such as 0bamacare. Why wouldn’t businesses seek to maintain or increase productivity while utilizing fewer workers?
And if productivity cannot be increased, the jobs will go overseas whenever possible.
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