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."
Americans for Limited Government is a non-partisan, nationwide network committed to advancing free market reforms, private property rights and core American liberties. For more information on ALG please visit our website at www.GetLiberty.org.