Friday, August 7, 2009

Obamamath

An accountant preparing someone's income taxes. Isolated on white. photo

People in our service economy as in "non-productive" over 70% of our economy comes from consumers buying products and services. Well, with fewer laborers working there is a smaller paycheck and less savings. However our bank savings rates has jump from negative to over 7%? AND our GDP show contracting at only approx 1% annually? Folks, do the math, because our numbers don't add up.

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