A few days ago, President Obama claimed that ATM machines are part of the problem when it comes to America’s ongoing unemployment conundrum. Today, MRC TV released an entertaining rebuttal.
On Wednesday, the president said:
“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 at the gate. So all these things have created changes in the economy.”
Of course, Republicans have had a field day making fun of this assertion. Meredith Jessup covered House Speaker John Boehner’s hilarious response on The Blaze blog this past Wednesday. Following Obama’s comments, Boehner’s office released a poking letter from the ATMs’ perspective. A portion of it reads:
President Obama says I’m to blame for high unemployment – part of the “structural” problems with the economy. Yes, he actually said my electronic brethren and I – who dispense cash and make lines move a little more quickly at the airport – are part of the reason 1.5 million fewer Americans have jobs than when the “stimulus” was enacted.
You can read the rest here. While the letter is certainly partisan (and equally as entertaining and the president’s original comments), MarketWatch says that executives and economists agree with critics on this one. Jobs numbers simply do not back up Obama’s assertions:
…there are actually more bank tellers in the U.S. now than there were five, 15 or even 25 years ago, when ATMs first became widely available. Except for a small drop after the recent recession, the number of tellers has risen gradually for the past century.
To respond to the entire debacle, MRC TV set out on a mock crusade to get Americans to sign a petition “banning job-killing ATM machines.” The results are truly enjoyable. Watch below:
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