Economists React to the Pathetic 2015 First-Quarter GDP Report: ‘That Was Pretty Ugly’

Wall Street Journal ^ | 04/29/2015 | Sarah Portlock

[headstamp 2]

This will show just how much the energy sector was responsible for economic growth above all else.

It certainly wasn’t government windmill factories.

[Sam Gamgee]

The whole blame the weather thing I find quite surreal. Its not like we are living in medieval times. We are in the 21st century with the electricity and the Internet. It's not like the weather, except maybe in places deep in Alaska, is going to prevent us from spending money.

[1rudeboy]

Every work in manufacturing? If you can't get your trucks on the road, or if stuff is frozen and breaking, then you and your customers are close to dead in the water.

That being said, the real issue is whether people overstate the effect of bad weather in order to make it an excuse.

[1rudeboy]

Every = Ever

[21twelve]

“In an entirely unsurprising turn of events it was weaker than expected..”

So they didn’t expect it, but they aren’t surprised?

But hey - the good news is - we can only go up! “...but more growth is better than less and we expect that to occur this year.”

Maybe.

[spokeshave]

Economics...has a Trivia Quiz of 400 questions.....

...and a thousand answers.