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Obama: Most economically ignorant president ever?
Division of Labour ^ | September 21, 2011 | Brad Smith

Posted on 09/26/2011 7:55:10 AM PDT by 1rudeboy

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To: the invisib1e hand
1. You should review the definition of "information technology."
2. Not all gains in productivity are the result of "information technology."
3. An ATM is not an example of of "information technology," and an internet website might only be in the broadest sense.

It appears to me that your delicate Luddite sensibilities have been violated by this blog post, when the concern you expressed in your very first post wasn't even addressed.

21 posted on 09/26/2011 8:29:04 AM PDT by 1rudeboy
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To: 1rudeboy

BULLETIN: Obama has decided to replace Tim Geithner. Obama will announce that the CEO of Susie’s Lemonade will serve as his chief economic adviser as well as Secretary of the Treasury. Obama was said to have made the decision after witnessing her incredible ability to create jobs on TV.


22 posted on 09/26/2011 8:30:26 AM PDT by hflynn
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To: 1rudeboy

BULLETIN: Obama has decided to replace Tim Geithner. Obama will announce that the CEO of Susie’s Lemonade will serve as his chief economic adviser as well as Secretary of the Treasury. Obama was said to have made the decision after witnessing her incredible ability to create jobs on TV.


23 posted on 09/26/2011 8:31:00 AM PDT by hflynn
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To: 1rudeboy

Yes, he is - and so are far too many Americans who still think he’s doing a good job with the economy. Good grief, what does it take to wake some people up?


24 posted on 09/26/2011 8:41:57 AM PDT by MEGoody (Ye shall know the truth, and the truth shall make you free.)
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To: 1rudeboy; the invisib1e hand
1rudeboy wrote: An ATM is not an example of of "information technology,"

There may be confusion because an ATM is so directly dependent upon information technology. It would not exist without it. The reverse is not true; that is, a human clerk was able to benefit from the productivity increase due to information technology by accessing account information through a computer prior to the invention of the ATM.

The term "internet website" is even trickier. We certainly had reference librarians who would respond to a customer request for information. Perhaps we should refer to the internet as an "Automated Librarian Machine", among other things.

25 posted on 09/26/2011 9:30:44 AM PDT by William Tell
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