Thursday, February 01, 2007

That Booming Economy

The only positive thing this President has done that Republicans can ever point to is our "great economy." They prattle on and on about the economic boom. Point out that it's a boom only for the Wealthy and that the Middle Class and Poor are getting hosed and they say it's a lie, the Economy is great for everyone.

Well, we can put that bullshit spin to rest now...

…the savings rate for all of 2006 was a negative 1 percent, meaning that not only did people spend all the money they earned but they also dipped into savings or increased borrowing to finance purchases. The 2006 figure was lower than a negative 0.4 percent in 2005 and was the poorest showing since a negative 1.5 percent savings rate in 1933 during the Great Depression.
Yup. Great Economy you've got there. People spending 101% of what they make. Exactly how long is that sustainable for? Idiots.

Quick! Don't pay attention! There are Terrorist Toys in Boston!