Thursday, May 29, 2014

Obama Ignores the Path to Recovery | National Review Online

Obama Ignores the Path to Recovery | National Review Online: "June begins the sixth year of the anemic recovery from the 18-month recession. Even if what the Obama administration calls “historically severe” weather — a.k.a. winter — reduced GDP growth by up to 1.4 percentage points, growth of 1.5 percent would still be grotesque."



'via Blog this'



I realize this is the administration's excuse for one quarter only. Still, it reminds me of the soviet union's excuse that 40 years of bad crops was due to weather events. (But maybe that story about the Soviet Union is apocryphal.)


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