Guest essay by Eric Worrall
President Obama’s economic advisors have just blamed the faltering performance of the US economy this year on cold winter weather – just like they did last year.
According to Politico;
Jason Furman, chairman of the president’s Council of Economic Advisers, recently told Congress the White House still “expects that the economy will continue to grow at an above-trend rate and that the unemployment rate will decline further.” Furman added that less fiscal brinkmanship could allow the economy to overcome a winter slowdown and speed up heading into the fall. Furman on Friday said “a range of factors including the weather and the global economic slowdown have affected economic data for the first quarter.”
The story from April 2014
The White House was quick to note that this year’s insanely cold winter slowed growth, and indicators in March, when temperatures warmed a bit, were stronger.
The 2012-13 and 2011 winters were milder – but in 2012, the President provoked uproar when he cut winter fuel assistance for poor people
2010 was Snowmageddon – so no guesses for what got the blame that year.
Perhaps if President Obama spent less time worrying about “global warming”, and focussed his attention on mobilising federal resources, to help people and businesses in blizzard affected areas, the American economy would stay more on track during severe winters.