White House Blames Slow Growth On “The Thing Of The Past”

ScreenHunter_85 Apr. 30 13.36

the White House says:

“Today’s GDP estimate is subject to a number of notable influences, including historically severe winter weather, which temporarily lowered growth in the first quarter.”

White House Blames ‘Winter Weather’ for Weak GDP Growth | CNS News

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18 Responses to White House Blames Slow Growth On “The Thing Of The Past”

  1. philjourdan says:

    You mean that which will never be seen again did it?

    Maybe he was really trying to say Boosh. Why give up a line that has been working for 5 years?

  2. ed k says:

    See its climate change not global warming, we need global warming for job growth, climate change makes things freeze up and ships can’t move. the CO2 is causing things to freeze up, look how cold a coke or pepsi is they have lots of CO2 in it. If it wasn’t for those sail darters we could have a pipeline….

  3. ed k says:

    The graphs in article really show the need for action on climate change (scarcasm) Thank god the earth is over its fever, 350.org must be aghast.

  4. Latitude says:

    how about that…..global warming trumps idiots

  5. Shazaam says:

    Now he’s gone an done it. One would think that the laughingstock-in-chief would know to coordinate with NOAA and NASA on the spin about this past winter being maybe the 5th or 6th coolest on record.

    Of course no one mentions any of the real drags on the economy. Like the 3600+ new regulations a year imposed on US business and agriculture. http://www.thedailybell.com/news-analysis/35259/The-Shocking-Truth-About-Regulatory-Costs/

    That of course might mean that the laughingstock-in-chief and his Mandarins-in-Mordor-on-the-Potomac take some responsibility for the poor economic results… And that ain’t gonna happen. (it’s always someone or something else’s fault)

    Thus: “the bad economy is all the fault of the bad weather last winter”. “trust me”.

  6. Mohatdebos says:

    i am glad to see the White House use statistics on heating degree days rather than the doctored climate data produced by NOAA and NCDC.

  7. Bruce of Newcastle says:

    I wonder if any journo will ask Obama if the recent very cold winter was caused by global warming?

    No, for them to do their job would be asking too much.

  8. Psalmon says:

    No way. Time magazine said in January that it wasn’t really that cold out because temperatures in Phoenix were above normal.

  9. Psalmon says:

    See. Time said it was not as cold as we thought back in January.


    • dyingearth says:

      Doublethink. The ability to hold two contradicting thought simultaneously. It’s an absolutely necessary skill to have in Oceania. Soon, here in Obama’s America, it will be as well.

  10. Mike D says:

    Yes, just the weather. Couldn’t be any of the regulations and taxes out of DC. Seems there was quite a significant change recently in people’s lives where people had to sign up for something or be fined.

    In other weather related news, Pfizer is trying to become a UK company by acquiring a rival, and coincidentally could reduce it’s effective tax rate from 27% to 21%, or over $1 billion in savings. But it must be due to the cold blast in the northeast.

    Also weather related, Toyota is moving its US headquarters from California to Texas. Though the Mayor of Torrance blames the State of California, it has to be due to the drought.

  11. Gail Combs says:

    The GDP growth is negative. It is the Unemployment growth that is positive

    • Brian G Valentine says:

      That’s what our pals at the World Whorelife F#ck wanted! De-development!

      Donors – you got your money’s worth.

  12. Average October-March GDP growth during the ’70s—known for stagflation, two oil crises, and the introduction of fiat money—was 2.71 percent. Average October-March GDP growth in the decade ending in 2014 was 1.12 percent. Even removing the 2009 blip, current 10-year growth is 2 percent, still below the 45-year median.

    The four best and four worst October-March periods for GDP growth occurred during moderate winters in a range of 4.0 to 5.2 degrees Celsius.

    The more accurate predictor of GDP growth since 1970 is time and government encroachment on the free market, not temperature.

    More: http://mortalweight.blogspot.com/2014/05/temperature-and-gdp.html

    • philjourdan says:

      You also have to back out the changes made to GDP. Those changes, made 2 years ago, add 2+% to the GDP growth. In effect you are saying that by the old measure (that did not double count Accounts Receivable and R&D), there has been no growth.

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