EBAY is the Answer to your Economic Woes

In a very recent speech, McCain said that 1.3 million people make a living on eBay. I think his point was that there is opportunity in USA and it is growing at an unbelievable rate. Six months ago (October 9th, 2007 in Dearborn, Mich.) McCain said "A lot of people don't know that 50,000 Americans now make their living off eBay."

According to politifact

These days, the company only keeps track of eBay entrepreneurs worldwide. That number, based on a 2006 Nielsen study, is estimated at 1.3-million. But again, it doesn't distinguish between full-time and part-time on-line auctioneers...The bottom line: Lots of people make money on eBay, but how many depend on it to pay their bills remains unclear.

Latest statistics I could find said $20 Billion was sold and this includes large items like real estate and cars. If you divide the figures, the average yearly eBay income is around $1500. The people making a living at it are the power sellers and I could not find statistics on their numbers.

The hated Meg Whitman quit as EBay CEO and joined McCain's camp. Who knows what bullshit she is whispering in his good ear.