April 29, 2015, Fairfax, Va.—Americans for Limited Government President Rick Manning today issued the following statement on the poor first quarter GDP numbers in recent years:
“It’s not the weather, stupid, it’s the economy. From 1996 to 2005, first quarter economic growth averaged 2.55 percent, whereas from 2006 to 2015, first quarter economic growth averaged just 0.03 percent. The common denominator here is not the weather, but the fact that the economy started to turn downward in the second half of the 2000s and still has not recovered. We didn’t suddenly start having winters when the Great Recession occurred. Dispense with the bull market spin.”
Interview Availability: Please contact Americans for Limited Government at (703) 383-0880 ext. 106 or at firstname.lastname@example.org to arrange an interview with ALG experts including ALG President Rick Manning.