Mr. Mensch
04-30-2014, 12:00 PM
Katie wrote earlier (http://townhall.com/tipsheet/katiepavlich/2014/04/30/free-fall-gdp-plummets-to-01-percent-n1831541) today about how the United State's GDP grew at .1 percent, compared to estimates of 1.1 percent growth.
The White House's official report (http://www.whitehouse.gov/blog/2014/04/30/advance-estimate-gdp-first-quarter-2014) blamed "unusually severe" weather for the startlingly-low increase in GDP, noting that there had been record cold temperatures and intense snowstorms.
Curiously, the severe winter weather did not have a similar economic effect on our neighbor to the north, Canada. Canada's GDP grew by 2.5 percent, exactly what was forecast. Several Canadian cities experienced their coldest and snowiest (http://www.ctvnews.ca/canada/this-winter-is-miserable-meteorologists-have-confirmed-it-1.1707717) winters in decades.
http://townhall.com/tipsheet/christinerousselle/2014/04/30/white-house-blames-weather-for-gdps-miniscule-growth-n1831585
That sounds about right for "President Stompy-Foot". He has an excuse for everything.
The White House's official report (http://www.whitehouse.gov/blog/2014/04/30/advance-estimate-gdp-first-quarter-2014) blamed "unusually severe" weather for the startlingly-low increase in GDP, noting that there had been record cold temperatures and intense snowstorms.
Curiously, the severe winter weather did not have a similar economic effect on our neighbor to the north, Canada. Canada's GDP grew by 2.5 percent, exactly what was forecast. Several Canadian cities experienced their coldest and snowiest (http://www.ctvnews.ca/canada/this-winter-is-miserable-meteorologists-have-confirmed-it-1.1707717) winters in decades.
http://townhall.com/tipsheet/christinerousselle/2014/04/30/white-house-blames-weather-for-gdps-miniscule-growth-n1831585
That sounds about right for "President Stompy-Foot". He has an excuse for everything.