Well, we’ve beaten the green economy myth into the ground, and while it deserves much more derision, and probably will receive it up until the 2012 election, President Obama has graciously provided me with another example of his complete ignorance of economics with which to laugh at heartily. It would seem that our President, a man who has never held a private sector position which carried the equivalent responsibility as lemonade stand assistant, has found the root of our economic ills. No silly, it is not overbearing regulation. It is not the disastrous effects of the beliefs of Maynard Keynes, (Keynesian theory for those who insist on confusing this with Kenya or Kenyan,) put into action. It is not massively fraudulent abuse of a vague flexibility in interpretation of aforementioned regulation resulting in bureaucrats being able to pick winners and losers based on bribery or political connections. It is not the devaluation of our currency in line with a plethora of third world tin pot dictatorships through the euphemistically named Quantitative Easing I,II, or III. It is not with the Socialization with 18% of our national economy with constant threat to nationalize even more. It is not even the complete shut down of our capacity to produce energy sufficient to match even a fraction of our energy needs. Our economic problems according to our President, wait for it……………
It is the scourge of ATM’s. Huh? Yes you’ve read that correctly, it is ATM’s and similar technologies which have allowed some businesses to automate repetitious and thoughtless activity, in order to provide a more economical and affordable product to their communities.
At one time in America, farming was accomplished by individuals being forced to guide plows behind Oxen in order to be able to hand plant each and every seed. 41% percent of America’s work force at one time worked on farms. By automating much of that work, America was able to get to the business of producing other stuff, like giant steel buildings, cars, etc. The automation of farms, did not create unemployment long term, it was an innovation which helped create unprecedented wealth, and at the same time allowed us to actually feed much of the remainder of the world, while simultaneously allowing us to foolishly pay those same farmers to not grow food on 17% of their land. Indeed, ATM even existed during the Administrations of several other Presidents, all of whom refrained from blaming them or even thinking of them while being President. ATM’s were around when Carter was President, and while unemployment was a major problem for Carter, that I would blame more on the fact that Carter’s policies mirror exactly those being enacted today by Obama. Reagan had the horrible machines to contend with, and wow, our economy did great as a result of his policies. Bush, Clinton, and Bush all had ATM’s around while President, yet not a single news report of grandma being thrown off a cliff because of an errant ATM caused panic.
Of course that really only scratches the surface of Obama’s idiocy on this point. I went into my bank the other day and was helped by, you guessed it, a bank teller. To top that off, one of the tellers, who by the way did not lose her job to automation, was actually responsible for tending to the ATM. This made me think, what about the ATM’s which are not attached to banks. These machines are literally all over the place. They are serviced by people, must be built, repaired, replenished, etc., all by people who previously did not work for the bank. The machines actually created jobs, and indeed a whole industry. How may people work for Diebold, or one of Diebold’s competitors? I would be willing to bet that the ATM technology is responsible for far more job creation than job loss. Not only through the intangible effects of a vastly improved usage of scarce resources, but also through the visible numbers of employees working in the banking industry as a whole.
That an American President would say something this outlandishly stupid would be funny in and of itself. (I can’t help but remember the quotes attributed to George Bush, Dan Quayle, Sarah Palin, which were both often times misleading or out rightly fabricated.) It is something else beyond funny though. It is scary to know that this man is charged with the single most important job in the country during a time of economic crisis. We will always need our President to not be a moron when it comes to the economy, but now, that need is more crucial than at other times. Barack Obama is the least qualified person in any room he enters. There is no kind or diplomatic way to say it anymore. According to Obama’s economic metric, innovation, something Americans have always prided themselves on is now a bad thing. The phrase I laughed until I cried has taken on a new meaning.
Crossposted at Musings of a Mad Conservative.
UPDATE: President Obama deserves this, on no uncertain terms. I am not sure who MRC T.V. is, but what a hoot. At least they showed some folks who refused to sign the petition as well. My faith in the intelligence of my fellow citizens has been restored somewhat. Then there are the brain dead boobs who signed the petition with nary a clue as to the fact that something this stupid must be a gag. These would be the Obama voters in the crowd.



