Wednesday, April 30, 2014

White House Blames Weather for GDP's Miniscule Growth

Reagan after Carter had a huge recovery

Katie wrote earlier today about how the United State's GDP grew at .1 percent, compared to estimates of 1.1 percent growth.
The White House's official report blamed "unusually severe" weather for the startlingly-low increase in GDP, noting that there had been record cold temperatures and intense snowstorms.
White House: GDP "subject to a number of notable influences, including historically severe winter weather, which temporarily lowered growth"

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