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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 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
Something tells me wapo is taking a different tone now
Posted on 4/28/17 at 10:35 am to HailHailtoMichigan!
Except this was a historically warm winter, no?
Posted on 4/28/17 at 10:36 am to HailHailtoMichigan!
this can go both ways FWIW
Posted on 4/28/17 at 10:38 am to HailHailtoMichigan!
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 on 4/28/17 at 10:40 am to Wtodd
quote:
No
Because Trump is white and NOT a Dem
This.
Posted on 4/28/17 at 10:42 am to funnystuff
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 on 4/28/17 at 10:48 am to HailHailtoMichigan!
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 on 4/28/17 at 10:55 am to Bass Tiger
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
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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