Obama Blames Internets for High Unemployment
OBAMA: One of the challenges in terms of rebuilding our economy is – businesses have gotten so efficient, that, uh, when was the last time somebody went to a bank teller? Instead of using an ATM. Or, used a travel agent instead of going online. A lot of jobs out that that used to require people now have become automated.
Does this guy not realize that technology also creates jobs? People need to build the computer components, assemble computers, produce associated hardware, program software, manufacture software, fix computers, and in regards to the Internets, lay the fiber optics, provide high speed services, including running servers…thus someone needs to build the servers, and so on, and so on…
Did this community organizer and Constitutional lecturer ever read Adam Smith’s Wealth of Nations while he was hanging out with radicals in college, as he admits? No, why should he? He only wanted to be president of the largest capitalist country on the planet!