Once again Barack Obama shows his total lack of any kind of grasp of basic economics. The incredible ignorance of the current resident at 1600 Pennsylvania Avenue is absolutely terrifying to those of us that DO understand economics and business. This is why small business owners and others who create jobs are waiting and watching and not hiring or expanding their businesses. In these uncertain times, it’s always better to stockpile assets and take a cautious wait-and-see approach because there’s no telling what the Blunderer-in-Chief will do next. There are no circumstances under which I would expand my business or take any kind of risk while Obama is in office. I’ve worked too hard for too many years to roll the dice on what the most incompetent POTUS ever might do next!

.. or is calculatingly cruel.
His “machines kill jobs” premise reminds me of the time a US citizen, visiting a university in India noticed a whole platoon of Indians in a row on hands and knees, ‘mowing’ the campus lawn with scissors. It took them several days, and as soon as they got to the end, they had to go back and start all over again.
He suggested to his Indian host that one gasoline lawnmower could do the job in a few hours.
To which his Indian host replied, “Yes, of course, but then what would we do with all those workers?”
It’s their culture and an overwhelmingly vast majority of Indians suffers for it.
The liberal (and Obama’s) conceit is they they and they alone, have the intelligence to devise ways to put people to work.

He stated it wrong, but the fact that he exhibited any grasp of economics stunned me. I think what President Zero should have said was that technology and today’s global business environment have caused job DISLOCATION and DISRUPTION…

If you were a bank teller when ATMs started to obviate the need for you and many of your coworker, and you lost your job because foot traffic to your bank branch dropped off (since fewer people had to come to the bank to get cash)… well, for you, ATMs did cause unemployment.

But, as Erick points out, the increased designing and manufacturing of ATMs did create jobs somewhere. Probably most of them in Japan, then eventually elsewhere in Asia, I’ll bet. I’ll wager money that the jobs didn’t stay in the U.S.

I was, for awhile, associated with the travel agency business. The advent of the internet and the computing explosion pretty much decimated that industry in favor of a direct-to-consumer flow of information and ticketing capability. So much for travel agents, and the other businesses they were supporting. And, as Zero said, airport check-in kiosks have largely replaced the phalanxes of airline representatives that you used to see behind the counter.

Heck, I’ve actually been charged an additional fee for buying my ticket from a counter agent at the airport – think the airline’s trying to push me toward a kiosk? Do you think they’d be doing that if it were cheaper to employ humans than buy and operate kiosks? Sure, someone had to design and build the kiosks… someone in another country.

While there is plenty – and I mean PLENTY – to scoff at Obama about, I don’t think it’s fair to consider him an complete idiot for these particular comments. It’s akin to what the libs and media did to George H.W. Bush about the whole “grocery scanner episode.”

And if you TRULY think that automation and increased efficiencies in business don’t result in layoffs and job dislocation… you’ve likely never had to let large numbers of people go because of changes in a business model.

What will his green job push do to the job market? Obviously he has a fingertip grasp of job creation and progress.
I thought machinists and metallurgists might have come from the blacksmiths.

With the rapid crumbling of the Obama edifice of competency, it looks as if we might have an Obama resignation sooner than an Anthony Weiner one. A couple more weeks of letting the mask slip and Michelle talking about a one term Presidency and even the Democrats might be ready to give Barry Soetoro a strong push toward the exits.

With the rapid crumbling of the Obama edifice of competency, it looks as if we might have an Obama resignation sooner than an Anthony Weiner one. A couple more weeks of letting the mask slip and Michelle talking about a one term Presidency and even the Democrats might be ready to give Barry Soetoro a strong push toward the exits.

As one of the other commentors pointed out if you are a bank teller you might well think that Obama has a good point. The effect of job dislocation is part of the creative destruction of free market capitalism and what has helped generate such treamendous wealth in the United States. As the entire process becomes more and more efficient then all of us are able to have a higher standard of living because of the increased productivity of our workers.

An ATM is a bank teller enhancer by allowing the human tellers to focus only on those tasks that require a higher degree of specialization than just checking a balance or withdrawing cash. It is this process that makes the entire system more and more productive. IN an odd way it is one of the tropes of the Left that the minimum wage must be high enough to provide a decent living, that fuels the rapid replacement of human low skilled labor with machines.

As one of the other commentors pointed out if you are a bank teller you might well think that Obama has a good point. The effect of job dislocation is part of the creative destruction of free market capitalism and what has helped generate such treamendous wealth in the United States. As the entire process becomes more and more efficient then all of us are able to have a higher standard of living because of the increased productivity of our workers.

An ATM is a bank teller enhancer by allowing the human tellers to focus only on those tasks that require a higher degree of specialization than just checking a balance or withdrawing cash. It is this process that makes the entire system more and more productive. IN an odd way it is one of the tropes of the Left that the minimum wage must be high enough to provide a decent living, that fuels the rapid replacement of human low skilled labor with machines.

is the Madonna of politics. His single accomplishment in life is bamboozling a sufficiently large number of Americans into voting for him in the mistaken belief that he had actually accomplished something.

No person in American public life is less qualified, in terms of ability to actually do the job, for the office he occupies than Barack Hussein Obama.

He doesn’t merely espouse such drivel as he did in the Today interview; he deeply believes it. Such is what passes for the deep intellect of Barack Hussein Obama.

Well that and the the sky rocketing cost of arugula and Waygu beef.

Joseph Stalin comes to mind, but there are many others. The problem with Obama and his party operatives, is they chose the wrong country to become King in. The left has been slowly over a hundred years, have been working to enslave Americans. They thought that a spoon full Obama would help their medicine go down, and pushed to close the deal. Americans discovered that what they got was a full dose of poison, and are now looking back to see how they got this far. 2010 was the beginning of their end.

Bull Hockey! I have been with the same bank for over 30 years and even though they have ATM’s they still have the same number of tellers on any given day. What (as you stated) they have done is to create more higher paying jobs.
The ATM’s were mostly to give you access to your money during non banking hours.

Know Liberals/RINO’S, Know Despair.
No Liberals/RINO’S, No Despair.

can one truly believe that the ATM has replace the Bank Teller.

It is abundantly apparent that Mr. Obama has never been to a bank. With ATMs in almost every convenience store in my area, the lines at the bank are still just as long. The tellers are still doing all those things they used to, such as Deposits, Withdrawals, etc.

Just like his poor “Shovel Ready Jobs” joke, this statement solidifies his failure as a leader and an economist. He should be embarrassed of the absolutely ignorant things he says.

He promised that if he were to do anything as horrible as A. Weiner, he would resign. Well Mr. President, you have been for the last 4 years.
When are you leaving?

I’ll be Obama can see an ATM from his house.

has worked in economics since man first began to make things. The guy who could do it best put his competition out of work. Those now unemployed workers had to find something else to do. And speaking of bank tellers, does the Federal Reserve still provide “clearing house” facilities? Sure don’t need to for my checks, all of which seem to clear electronically and with no “float” as we used to have in the pre-computer days. Has employment at the Fed declined? I don’t think so.

There have been several reports circulated in Europe, especially about Spain, showing that green jobs like building wind turbines actually cost jobs overall. I would bet a lot that the 0 wouldn’t agree with that statement.

build Jeffrey Immelt’s wind turbines for him, do the machines used to build them suck green jobs out of China and bring them to the US?

So many times I see situations in the Oblahblah White House, and with the Democrats in Congress, that fit portions of Ayn Rand’s book, “Atlas Shrugged.” I wonder if the bamster would fit better as Wesley Mouch or as Mr. Thompson. In any case, the overall effort of the administraion at this point in history certainly seems to be the same as the looters who ran the fictional U.S. in the novel. Texas seems to be the nearest comparison to “Galt’s Gulch.”

I’m more and more inclined every day toward hearing the title, “President Perry.” And especially so after the “Pepsi or Coke” show.

Lud·dite (ldt)
n.
1. Any of a group of British workers who between 1811 and 1816 rioted and destroyed laborsaving textile machinery in the belief that such machinery would diminish employment.
2. One who opposes technical or technological change.
[After Ned Ludd, an English laborer who was supposed to have destroyed weaving machinery around 1779.]

is just too stupid to even qualify for an answer. My gosh. What WAS this country thinking when they elected him?

The Luddites rise from the dead, and call themselves progressives.
One thing is a carry over from the 18th & 19th centuries, asylums.

DON’T GET ME WRONG, it was incredibly ignorant, incorrect, and completely illogical, however with the low bar he has set for himself it was downright brilliant. (I kid even by his standards it was pathetic).

_____________________________________________________________
“This year, or this month, or, more likely, this very day, we have failed to practice ourselves the kind of behavior we expect from other people.” C. S. Lewis

“Government’s view of the economy could be summed up in a few short phrases: If it moves, tax it. If it keeps moving, regulate it. And if it stops moving, subsidize it.” – Ronald Reagan

“Christianity, if false, is of no importance, and if true, of infinite importance. The only thing it cannot be is moderately important.” – C. S. Lewis

Join the RedState Strike Force

maybe we should dump automation and go back to using paper food stamp coupons and welfare checks.

The ATM was invented after January 20th 2008.

And don’t ATM’s make it easier to get access to your own money, and thus easier to spend (put that money back into circulation within the economy) and grow the economy, thus create a need for more workers to create/sell more products?

I guess that entire internet bubble economy of the 90′s was a time of high unemployment, afterall, it became easier to get products thus you needed fewer people to sell them. Right? (All of you in the IT sector please ignore reality)

His comments show his ignorance.

It’s a Fortune 500 company in a swing state (Wisconsin) whose primary mission is back end infrastructure and processing for banks, credit unions and the like. Their 19,000 employees would probably appreciate it.

http://www.fiserv.com/sol_payments.htm

Don’t forget the crew that installs & service said ATM.
Framer,concrete,electrician,money handlers & the convenience of a after hours drop box.

Jonah Goldberg noted today that there are more tellers now than in 1985:

“At the dawn of the self-service banking age in 1985, for example, the United States had 60,000 automated teller machines and 485,000 bank tellers. In2002, the United States had 352,000 ATMs – and 527,000 bank tellers.” http://bit.ly/iysYqe

In addition, Diebold, a Canton, Ohio company that makes ATM machines, employs 17,000 and has annual revenues of $3+ billion. That’s just one company in my neck of the woods.

Last night my husband told me a story about a company he used to work for that made wire-braiding machines. When the Chinese purchased one, they opted for the model without the attachment that automatically wound the wire when it came off the machine. They preferred to have a human do that. After all, in China, the Communist system has an interest in making the processes more rather than less labor-intensive. Our Dear Leader is apparently taking his cues from Hu.

now it is the fault of those evil ATM machines. This guy is the gift that keeps on giving. Everyday he finds some new way to prove how utterly incompetent he is to be President.

Once again BARRY opens his mouth and Blather tumbles out. WHEN will the GOP figure out that one very effective way to help him out of office is to start using these and other statements against Progressive Thought, using various media. Split-screen his meanderings against real histories, happenings and trends ,but keep it simple and directed toward people’s WALLETS. If you want to win a battle you have to prepare and recconoiter. Adjust for reality and get going. If you don’t think this IS a Battle, think Twice and One more time. All avenues should be looked at ,and none disregarded if some effect can be measured and used. Oriental Martial arts use the opponents supposed force and turn it against THEM. Prior GOP Plans got us HERE,and Here Ain’t so pretty,is it? If You’re P O’d and do nothing , TUFF NOOGIES for you. Do something and Start The Wave,Time’s-a-Wastin’.

Don’t you know, you can’t unionise a machine and get dues from them.
No dues, no donation to the DNC.
DNC looses power.
Simple.

behimd bank teller unemployment because….. it’s him. Or perhaps the entire Democrat party if you look a little further back.

FDIC reported bank failures since 2000 = 394
Since Democrat retake of Congress (Jan 1 07) = 370 of the 394
Since BHO inauguration (Jan 20 09)= 340 of the 394

http://www.fdic.gov/bank/individual/failed/banklist.html

Quote those stats to your liberal acquaintances

In some cases, it doesn’t necessarily move them to related areas either, certainly not in this country. I doubt the ATM has done much damage. It isn’t anything new, and there are plenty of other technologies that have had far greater impact. I’ve never used it for my own banking, and there are plenty of people at the banks who are always busy. They even have longer hours now than they used to! It’s not like the switchboard telephone operators whose role has ceased to exist. The ATM is an extremely stupid example.

I would point out that any lost jobs nationwide have been more than replaced by a growth in demand for health care workers, particularly nurses. I never hear mentioned the the fact that anyone who is willing to become a nurse will have no problem finding a job, and the demand will only grow. In fact, like it or not, a lot more young people are going to have to go to nursing school if they ever hope to easily find a decent-paying job.

We may soon enter a time when almost the only Americans not providing health care are those receiving it.

http://blogs.abcnews.com/politicalpunch/2011/06/o-on-atms.html

Not only linked, but quoted a full paragraph or so as well. Good to see there’s at least one reporter at ABNBCBSCNN that will link to a blog that’s not hardcore liberal.

((rolls eyes))