Yesterday, President Obama made the astonishing statement that automated teller machines and airport ticket kiosks are responsible for the horrible unemployment rates of his presidency, because such automation wipes out jobs.
This led conservatives to launch a merry game of #ATMFacts on Twitter, and some number of Obama voters to realize exactly what they did to America in 2008. It also caught the attention of the ATM Industry Association.
Did you know ATM manufacturers have their own industry association? It’s true! They’re not happy to be the latest industry targeted for demonization by Barack Obama, Slayer of Jobs.
Mike Lee, CEO of the ATM Industry Association, sent an email to Philip Klein of the Washington Examiner to defend his proud organization, and give our clueless President a much-needed lesson in basic economics:
“President Obama should never use ATMs as an example of how technology replaces human labor because ATMs today play a critical role in providing extensive employment in the ATM and cash-in-transit industries. In addition, ATMs provide an indispensible range of services to customers, including all-hours access to their own banked cash.
“With over 400,000 in America alone, ATMs have become the main distribution channel for the distribution of cash in all modern economies and cash remains by far the most popular form of payment by US consumers. The whole purpose of the invention of the ATM back in 1967 was to make cash available outside of bank hours, liberating citizens to access their banked money 24 x 7, a huge increase in convenience.
“Given these major roles of the ATM, it would be quite irrational to turn the clock back to the 1960s to a time before ATMs.“
A spokeswoman for Triton Systems, which manufactures ATMs, added, “We’re not in the business of taking American jobs. What I wish President Obama had thought of is that people want convenient access to their money. How crazy is that?”
Let’s be clear: President Obama does not hesitate to attack American industry when his ideology, or political convenience, requires it. He’s just looking for excuses to go after the ones he really dislikes. That’s why companies that drift onto his radar screen, even when he’s just making lazy, boneheaded excuses for his failures, have every reason to be worried. An immediate and vigorous defense is appropriate.
Every organization that doesn’t have political connections to the Democrat Party is, to one degree or another, compelled to defend itself against them. That’s how crony capitalism works.
At this point, anyone who still supports Obama is suffering from a fairly advanced case of Wasserman-Schultz Syndrome, which involves paranoia and a profound disconnect from reality. Who knows what they’ll do if the President decides to double down, as he so often does, and demonize ATMs in another speech or interview?
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