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Is the media blaming first quarter GDP on winter like they did for 8 years?

Posted on 4/28/17 at 10:32 am
Posted by HailHailtoMichigan!
Mission Viejo, CA
Member since Mar 2012
69294 posts
Posted on 4/28/17 at 10:32 am
Two years ago when the economy shrank in the first quarter it was blamed on cold weather

Something tells me wapo is taking a different tone now
Posted by funnystuff
Member since Nov 2012
8330 posts
Posted on 4/28/17 at 10:35 am to
Except this was a historically warm winter, no?
Posted by Salmon
On the trails
Member since Feb 2008
83558 posts
Posted on 4/28/17 at 10:36 am to
this can go both ways FWIW
Posted by Wtodd
Tampa, FL
Member since Oct 2013
67482 posts
Posted on 4/28/17 at 10:38 am to
quote:

Is the media blaming first quarter GDP on winter like they did for 8 years?

No

Because Trump is white and NOT a Dem
Posted by GumboPot
Member since Mar 2009
118760 posts
Posted on 4/28/17 at 10:40 am to
quote:


No

Because Trump is white and NOT a Dem


This.
Posted by Bass Tiger
Member since Oct 2014
46058 posts
Posted on 4/28/17 at 10:42 am to
quote:

Except this was a historically warm winter, no?




So what it was winter, warm, cold, average, does not matter the Dims/MSM would have made that claim.
Posted by Langland
Trumplandia
Member since Apr 2014
15382 posts
Posted on 4/28/17 at 10:48 am to
Dims can't succeed with the truth. Frankly, I can't understand how anyone with a functioning brain could be a modern democrat. All they stand for is depravity and chaos.
Posted by funnystuff
Member since Nov 2012
8330 posts
Posted on 4/28/17 at 10:55 am to
Except it kind of does matter. Economic growth is usually reported in seasonally adjusted numbers. If you have a winter that is significantly colder than what is incorporaated into the seasonal adjustment factor, it is going drive down that winter's growth.

We can have a discussion about whether or not creating an entire article around this reality is necessarily. We can also have a discussion about whether or not a cold winter alone is sufficient to explain the entire extent of a slow quarter's growth. But let's not do away with basic economics just because we don't like the conclusion. What we know for a fact about our economy is that an unexpectedly cold winter slows commerce. That narrative does not fit this year.

If dems made the claim that seasonally adjusted growth fell because it was winter despite record high temperatures, I'd call them out too. But they didn't. So let's not waste too much time arguing against our own imaginations
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