Broken Clock Day

Yves Smith quotes Thomas Friedman accidentally telling the truth:

Since President Bush came to office, our national savings have gone from 6 percent of gross domestic product to 1 percent, and consumer debt has climbed from $8 trillion to $14 trillion.

Please explain this in the context of the “savings and investment boost” that was supposed to come from the 2001 and 2003 tax cuts.

That means you, Bob McTeer.

Bulldog to bulldog, as it were.

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