Latest Excuse for Obama's Incredible Economic Illiteracy

By the Left Coast Rebel

It should come as no surprise to anyone paying attention (or with the sense and honesty to realize it, lib Kool-Aid drinkers excluded) that Obama is a raging incompetent when it comes to how our market-based economy works (or should work). A raging illiterate on economic issues, that couldn't run a lemonade stand to save his life, our atrocious far-left Professor in the White House preaches to all us little people why we should be so grateful for his administration's Bolshevik central planning genius.

Here's a recent Obama quote from an NBC interview that makes this truism oh-so-obvious:

"There are some structural issues with our economy where a lot of businesses have learned to become much more efficient with a lot fewer workers. You see it when you go to a bank and you use an ATM, you don't go to a bank teller, or you go to the airport and you're using a kiosk instead of checking in at the gate."
WTF is this guy even talking about? Could it be any clearer that he has absolutely no idea what he is talking about? It is no wonder that 75% of Americans think that Obama's economic policy is an out-and-out, resounding failure.

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Actually, the reason that our nation has so many economic problems is because this man's administration has used our government as the biggest ATM machine in world history. Scratch that, an ATM card is useless without a cash balance, their intended mismanagement of the federal treasury is more like a limitless balance credit card.

Image credit LMAO Obama


Via Memeorandum.

3 comments:

  1. I disagree with you and I contend that he knows exactly what he is doing! And from his perspective, he has been successful!
    The downfall of or nation is his success as directed by Soros...

    ReplyDelete
  2. hmm, love the post, agree with John above.

    There is a quote that goes something like this:

    "Never ascribe to planning, what stupidity will explain."

    I think I may side with LCR here. But you really are only left with two choices. The man is either evil or an imbecile.

    ReplyDelete
  3. He was stating it's evil greedy business men using computers instead of people that was causing the unemployment. That said, if this government wasn't so anti-business (you should see how the fed and state are trying to rip businesses off on the payroll taxes), this would free people to do other jobs producing more goods and services to the populace (the business I would like to open but can't because of the regulations and punitive taxes and "fees"), but instead encourage more automation that avoids the headaches of payroll and worse, UNIONS! Polices that make employee or operating in the state so ridiculously insane and prohibited that it's just better and more economically feasible that they either use machines or just plain move operations overseas where they aren't given poop and having it called a candy bar. This they don't get. They think they have endless supplies of profit and need to be "cajoled" into being fair and distributing their wealth around. Though many have reserved, they're not going to invest with this evil clown running things and frankly, I can't blame them. Kook, I believe you're right on both fronts: This man is BOTH an evil imbecile.

    ReplyDelete

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