current affairs

Bake sales in GDP?

Via Wired News, fantastic come-back from Edwards:

Is Dick Cheney trying to prove he's hip to the internet? Speaking Thursday in Cincinnati, Cheney downplayed recent negative economic indicators, such as unemployment rates and consumer spending, because they miss an important source of income for Americans: eBay. “That's a source that didn't even exist 10 years ago,” Cheney said. “Four hundred thousand people make some money trading on eBay.” Let's hope these folks aren't selling off their belongings to stay afloat. John Edwards, the Democratic VP challenger, responded: “If we only included bake sales and how much money kids make at lemonade stands, this economy would really be cooking.”