"Layoffs too often became permanent, not part of the business cycle. And these changes didn't just affect blue collar workers. If you were a bank teller or a phone operator or a travel agent, you saw many in your profession replaced by ATMs and the internet," President Obama said at a campaign event in Kansas. http://www.realclearpolitics.com/video/2011/12/06/obama_now_blames_the_internet_for_job_losses.html Obama will lose his job because of internet when he Blames The Internet For Job Losses. Think about it. Internet subscription is one the biggest industry in the world. People who earn money from the internet they spend this money for the economy and create jobs. This creates million of jobs Under sea cables are laid for 50,000 miles and more to connect the world with internet. This creates million of jobs. I do not understand how internet cause job losses.