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Old 09-17-2004, 08:29 AM   #1
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Cheney: Economic Stats Miss EBay Sales

Cheney: Economic Stats Miss EBay Sales
The Associated Press
Thursday, September 9, 2004; 9:30 PM


Indicators measure the nation's unemployment rate, consumer spending and other economic milestones, but Vice President Dick Cheney says it misses the hundreds of thousands who make money selling on eBay.

"That's a source that didn't even exist 10 years ago," Cheney told an audience in Cincinnati on Thursday. "Four hundred thousand people make some money trading on eBay."

San Jose, Calif.-based EBay Inc. is an Internet auction site where anyone can sell just about anything, including clothing, cell phones, jewelry, memorabilia, trinkets and automobiles.

Democratic vice presidential candidate John Edwards responded that Cheney's comments show how "out of touch" he and President Bush are with the economy.

"If we only included bake sales and how much money kids make at lemonade stands, this economy would really be cooking," Edwards said in a statement. .
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Old 09-17-2004, 09:03 AM   #2
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Re: Cheney: Economic Stats Miss EBay Sales

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Originally posted by MrBrau1
"If we only included bake sales and how much money kids make at lemonade stands, this economy would really be cooking," Edwards said in a statement. .
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Old 09-17-2004, 09:12 AM   #3
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Good sound bite by Edwards
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Old 09-17-2004, 12:37 PM   #4
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I don't think it's just a soundbite

I think Cheney bringing up EBay when talking about the economy/unemployment is ludicrous and laughable, and I'd think exactly the same if Kerry or Edwards said it
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Old 09-17-2004, 12:49 PM   #5
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Quote:
Originally posted by MrsSpringsteen
I don't think it's just a soundbite

I think Cheney bringing up EBay when talking about the economy/unemployment is ludicrous and laughable, and I'd think exactly the same if Kerry or Edwards said it
Are you denying that people make a living off of EBay?
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Old 09-17-2004, 12:51 PM   #6
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Sure...they make a living...but they can't get health care under the current regime!
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Old 09-17-2004, 01:02 PM   #7
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Honestly I don't know how many people make a living off of EBay. To me the number of people who make a decent living off of it must be rather small and insignificant (as far as the employment statistics go. I'm not making any judgements whatsoever about doing that), and for the VP to try to point to EBay seems silly to me

I wasn't "denying" anything, it's just my opinion, and honestly I don't understand your apparent hostility towards me nbc.
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Old 09-17-2004, 01:37 PM   #8
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Sorry, I wasn't trying to be hostile.

I doubt Cheney was making a speech about E-bay. It is one of those comments that somehow becomes newsworthy. Cheney's comment and Edwards retort are, unfortunately, the level of political reporting we get today.
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Old 09-17-2004, 03:16 PM   #9
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I wanted to find the context of Cheney's remarks, but his speech transcipt has been scrubbed from both the White House and the Bush Campaign websites. Down the memory hole, I guess.
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Old 09-17-2004, 04:14 PM   #10
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How funny! Yep those paperback books I sold for .50 each are gonna pay for my retirement! Woo hoo! Now I know I'm rich!

I'm sure a few people make a living off eBay sales, but I'm also quite sure the vast, vast majority of eBay sellers manage garage sale type numbers, if that. Idiotic to even bring it up in a speech about the economy.
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Old 09-17-2004, 04:18 PM   #11
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Ironic, too, since I know a few people who have had to turn to auctioning off their own goods after losing their jobs during the "economic recovery."
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Old 09-17-2004, 04:31 PM   #12
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Quote:
Originally posted by ThatGuy
Ironic, too, since I know a few people who have had to turn to auctioning off their own goods after losing their jobs during the "economic recovery."
Yeah...I might be doing a little of that soon myself....
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Old 09-17-2004, 04:35 PM   #13
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Old 09-17-2004, 04:43 PM   #14
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The current 5.4% unemployment rate is the 5th lowest unemployment rate in the world! It is also one of the lowest unemployment rates of the past 30 years. The United States has the highest GDP growth rate of any modern industrialized economy in the world as well as the 8th highest standard of living according to the United Nations.
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Old 09-17-2004, 04:48 PM   #15
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Yeah, suck it up, indra. Stop being an economic girlie man.



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