ATMs

    Obama On Technology: Prometheus Had It Coming

    By: Repair_Man_Jack (Diary)  |  December 7th at 11:30 AM  | 

    These changes didn’t just affect blue-collar workers. If you were a bank teller or a phone operator or a travel agent, you saw many in your profession replaced by ATMs or the internet. – President Barack Obama (HT: RealClearPolitics) They obviously don’t dispense wisdom and knowledge at Harvard or Columbia like they used to. Here we have a man who prior to being elected President | Read More »

    Of ATMs, Mousetraps and Watches

    By: Steve Maley (Diary)  |  June 15th at 04:00 PM  | 

    “If you build a better mousetrap, the world will beat a path to your door.” Judging from his comments regarding ATMs and unemployment, President Obama blames the better mousetrap for 400,000 out-of-work cats. Cats who are starving for the lack of mice. Creative destruction is a necessary and vital feature of a healthy and free capitalist economy. Business people intuitively know and embrace it (or | Read More »