Careful What you Wish For

Our chattering class (liberal dems) has been screeching for ten years about the lack of savings we fucking American assholes, interested only in spending for those awful consumer goods, were stashing away. Well now it happens

WASHINGTON (MarketWatch) -- U.S. households socked away most of the extra income they got in January from annual cost-of-living raises, boosting the personal savings rate to a 14-year high, the Commerce Department said Monday.

This stat is offered as proof that the economy is in free fall. If you don't know by now that they don't know, you fail the test. The kicker:

With disposable incomes rising faster than spending, the personal savings rate rose to 5%, the highest since March 1995. At an annual rate, personal savings rose to a record $545.5 billion.
A year ago, the personal savings rate was 0.1%.
"The rise in the savings rate has very positive long-term implications but in the meantime is destructive," wrote Tony Crescenzi, chief bond market strategist for Miller Tabak & Co.

Saving money is destructive, spending money is destructive....er unless the government is doing it. BTW, much is being said about how truly stupid the GOP has become in the communication field, and to prove it they didn't post Rush's speech on YouTube. Well it's here, both text and taped speech...