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Politics : THE WHITE HOUSE

SPY 686.96

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Dec 30 4:00 PM EST

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To: DuckTapeSunroof who wrote (22402)	9/15/2008 7:20:57 PM
From: longnshort	Read Replies (2) of 25737

Donald Luskin in the Washington Post: Obama is flat-out wrong when he frets on his campaign Web site that "the personal savings rate is now the lowest it's been since the Great Depression." The latest rate, for the second quarter of 2008, is 2.6 percent -- higher than the 1.9 percent rate that prevailed in the last quarter of Bill Clinton's presidency. That sounded a little strange to me, so I checked the national accounts. It's quite true that the savings rate is 2.6 percent in the second quarter of 2008, but the average of the last 4 quarters is less than 1 percent, and in most of the recent quarters it has been 0.5% or less -- which certainly qualifies as "the lowest...since the Great Depression." gee the wash post now how will you spin that MR. Libertarian? knzn.blogspot.com you are a fake you are a diehard democrat

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