Posted on 06/25/2014 9:02:10 AM PDT by Oldeconomybuyer
Now that the third revision to gross domestic product is in, we can make a back-of-the-envelope calculation of just how much the unusually cold winter cost the U.S. economy.
But obviously, the contraction wasnt all weather. So, how much?
MarketWatch put that question to Gus Faucher-Wanker, senior economist at PNC.
My sense is that, in terms of contraction, more than half was due to the weather. I dont think it had much of an impact on trade, didnt have much to do with government, but I do think [the weather impacted] the weaker consumer spending, the drag from inventories, and a lot of what we saw in construction activity, he said. I would say more than $15 billion.
(Excerpt) Read more at blogs.marketwatch.com ...
All the more reason to embrace global warming.
Good thing global warming gave us a soft bounce huh?
These calculations are bunk for many reasons, one of them being that most of them are already being budgeted in previous years because you know seasons and all...
It is like saying that Summer has costed you an extra 50 dollars because you kept track of all the ice cream you bought in the summer....
Besides Obama cost us a hell of a LOT more than ANY season of the year... PER SEASON...
Hahahahaha. Cold weather, yeah I’m sure. More like the Uniparty ushering in America’s demise.
Canada grew at 1.5%?
So, Canada has milder winters?
Probably because he is black.
“Obama cost us a hell of a LOT more than ANY season of the year...”
Ding ding ding!
We have a winner - no more calls, please.
Of course, we FReepers and other conservatives know this, and have known it all along. The Sheeple, though, will hear the Obammunist lickspittle media repeat the lie often enough to believe it. Goebbels would be proud.
Scouts Out! Cavalry Ho!
How does anyone arrive at that? Have we never had cold weather before? All BS and politically motivated.
“Canada grew at 1.5%?
So, Canada has milder winters?”
Great posting!
Well, that’s easy to fix!
So then global warming went away?
Don’t people buy heating fuel during cold weather? Don’t unionized snowplow drivers make bundles during snowstorms? Don’t people go on grocery shopping sprees before storms approach? Doesn’t any of this activity count in the numbers?
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.