Wednesday, June 25, 2014

Economy falling ahead

The revision downward of the first quarter GDP should mean downward hopes for Democrats in November.
If only we could figure out why the economy dropped.
It’s also possible that the weather kept people at home; after all, the unusually hard winter is thought to have hurt first-quarter GDP. Though as an explanation, weather is a lot more convincing when you’re talking about a tiny decline than it is when you’re talking about a huge drop like this. Snow keeps people from shopping so much; it does not cause them to abandon all economic activity and hole up in their homes waiting for the final trump to sound.
Democrats have just a few months to right the ship.

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