President Obama: Still Clueless On How The Economy Works


President Pivot spoke with George Stephanopolous on This Week today and started bloviating about the state of the economy proving once again he needs to be given a dollar so he can run down to a store and buy himself a clue:

Capital, companies, they can move businesses and– and jobs – anywhere they want. And so they’re lookin’ for the lowest wages. That squeezes workers here in the United States, even if corporations are profitable. Technology. If you go to – a lot of companies now, they’ve eliminated entire occupations because they’re now robotized. We don’t have travel agents. We don’t have bank tellers.

After nearly 5 years of on the job training, the President still does not understand how the economy works. Corporate greed is not the reason we don’t have as many travel agents or bank tellers as we did 20 years ago. People designed and implemented ideas and tools to increase efficiency for consumers. The President behaves as if it’s a bad thing that people can get a check in the mail and never have to leave the house to make deposits. It’s a bad thing that websites allow people to book travel on their own, which makes it more efficient — and often less costly and just easier.

The President is the type of person that would be out lamenting the loss of blacksmith jobs at the turn of the 20th century because of the invention of cars.

Fewer horse and carriages = fewer horseshoes needed = blacksmith jobs being eliminated by greedy corporatists like Henry Ford who had the gall to produce a mechanism than can get people from point A to point B faster than a horse and carriage.

President Obama continued the buffoonery:

But if we have policies that make sure that – our kids are prepared for higher skilled jobs, if we have policies that make sure that we’re rebuilding our infrastructure, ’cause a robot can’t – build a road – and we need – you know, new ports and a smarter electricity grid, if we’re making investments – to make sure that – research and development continues to happen here, if we have – tax breaks for companies that are investing here in the United States as opposed to overseas, all those things can make the situation better.

Naturally, the President still lives under the delusion that if we were just repairing some roads, all of our problems would be solved. “Investments” is just a euphemism for “spending.” The President would prefer to suck more dollars out of the private sector rather than proposing policies that would allow private sector dollars to flow directly into the economy.

What went virtually ignored in this conversation is the true albatross for the struggling economy: Obamacare.

The President’s signature legislation has been a disaster from day one. Companies are hiring less, reducing workers’ hours, and dropping health insurance coverage altogether. But President Audacity of Hope wants citizens to believe websites like Orbitz, ATM machines, and lack of more road construction is what’s keeping the economy from roaring back to life.

Here’s a dollar, Mr. President. Go buy that clue.