Tuesday, June 28, 2011

The ATM Lie


The plutocratic lobby recently glommed onto a statement that Obama made about ATM machines causing loss of bank teller jobs. In the short term automation can indeed reduce jobs. It's an ebb and flow. Things change in a capitalistic economy and the churn causes short-term disruptions. Nobody ever claimed capitalism was smooth (except maybe T-baggers). Obama did NOT suggest getting rid of ATM's. His statement was twisted and turned like a turkey in Palin's grinder.

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