Oh that poor girl, I cringe everytime I hear or watch her comments.
Scrolled down to the comments section, and saw this gem:
"Still smarter than Sarah Palin."
Although, they did spell Sarah,
Serah.
Oh wait, back to the topic at hand.
By the way, your link to
Malkins blog doesn't work.
Let's keep this in context shall we?
From Ms. Malkins website, this is the quote from Obama she quotes:
“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.”
And here is the rest of that quote from the interview with the Today Show:
So all these things have created changes in the economy, and what we have to do now -- and that's what this job council is all about -- is identifying where the jobs for the future are going to be; how do we make sure that there's a match between what people are getting trained for and the jobs that exist; how do we make sure that capital is flowing into those places with the greatest opportunity. We are on the right track. The key is figuring out how do we accelerate it. (
NBC, Today)
Kind of changes the allegations that ATM's and kiosks are the enemies of this recovery.
I will say though, using automation as an example why businesses aren't hiring, was a bad one. The part that stuck out to me though, was his comment about how businesses have learned to be more efficient with less workers.
My theory is that businesses were forced to down size because of the economic collapse(they had no choice) and that they have been able to do the same amount of work with less people. Even with businesses that are producing more and could legitemately hire more people, they are choosing not to. Obviously this practice equates to higher profits, so why would you hire more people if you are able to produce the same or more and still do it with the workforce you have on hand already. Also, people have become more frugal as a whole, businesses and society. Which is a good thing in the overall scheme of things, but not so good for if you are looking for an immediate recovery from the collapse we experienced.
