Cheney on economic numbers: Don’t forget about eBay
By Associated Press
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.
Original here: http://www.qctimes.com/internal.php?story_id=1034852&t=Business&c=31,1034852
Oh, and before you say something, from Tapped: "But now here's the thing -- as Brad DeLong notes we actually do include eBay's domestic revenues in our economic statistics."