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Deep freeze puts $5 billion chill on economy
NBC News ^ | 1/07/14 | Steve James

Posted on 01/08/2014 2:39:52 AM PST by Libloather

The record cold spell that has half the country in the deep freeze could cost the U.S. economy up to $5 billion.

That's because millions of Americans haven't been able to drive to work, fly or take a train to business meetings or vacations, go to the shopping mall or take the kids out for a movie and a meal. And they may also have to pay more just to keep warm.

(Excerpt) Read more at nbcnews.com ...


TOPICS: Crime/Corruption; Extended News; Government; News/Current Events
KEYWORDS: billion; bs; economy; freeze; globalcooling; globalwarming
He said the cold's impact would be apparent in lost productivity, lack of consumer spending and higher heating bills.

Stay at home and sign up for Husseincare. That should even things out.

1 posted on 01/08/2014 2:39:52 AM PST by Libloather
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To: Libloather

Every time a tree falls in 2014, it will be a blow to this “recovering” economy. It certainly can’t be because health care costs for ObumblesCare are gouging U.S. citizens and keeping them from spending thousands of dollars in the economy.


2 posted on 01/08/2014 2:47:14 AM PST by txrefugee
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To: Libloather

It always absolutely amazes me that giant storms and hurricanes, even the size of Andrew, which destroy wide swathes of territory, seem to have essentially zero net effect on the economy. It is a testament to the amazing flexibility of the US economy (at least under normal conditions) that it can take such an enormous hit and shrug it off. And it relates to the ability of the insurance cos involved to hedge off much of their risk via reinsurance. My guess is that one man’s loss is another’s gain, in terms of how much replacement stuff get bought at Home Depots all over the affected territory. GDP doesn’t effectively measure the widespread heartache over losing one’s home....repeated hundreds of times. It *does* measure the people involved are bailing out their basements or piling their soggy furniture at the curb. (and in case that sounds callous, I’ve been through a flood and believe me, it can destroy your life) In the US economy, $5 billion is utterly nothing. It is a tad over one day’s borrowing for the US gov’t.


3 posted on 01/08/2014 2:58:20 AM PST by Attention Surplus Disorder (At no time was the Obama administration aware of what the Obama administration was doing)
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To: Libloather

It was “unexpected”!


4 posted on 01/08/2014 3:01:45 AM PST by glorgau
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To: Libloather

So true, but 4.9 b of it will be made up next week.

Typical NBC crap


5 posted on 01/08/2014 3:27:34 AM PST by chiller (NBCNews et al is in the tank and should be embarrassed)
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To: glorgau; All

But no surprising. I remember weather like this 30 or 40 years ago.


6 posted on 01/08/2014 3:29:00 AM PST by gleeaikin
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To: Libloather
Deep freeze puts $5 billion chill on economy

FINALLY! Something the left can blame the economy on. Has NOTHING to do with leftist disaster-ridden economic policy, destroying jobs and obamacare sucking all of the discretionary income out of the wallets of working Americans...no sir!

7 posted on 01/08/2014 3:52:11 AM PST by Caipirabob (Communists... Socialists... Democrats...Traitors... Who can tell the difference?)
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To: Libloather

We have four wheel drive and a Taylor outdoor woodstove (new this year). Plenty O heat and no problem with transportation. I have never been warmer than with this stove. I guess all the mass transit socialists are probably suffering. They are getting paid to stay home anyway.


8 posted on 01/08/2014 3:52:50 AM PST by momincombatboots (Back to West by G-d Virginia.)
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To: Libloather

No, no that was done by obama and his communist agenda to destroy America. If anything... this cold weather will stop the bleeding because his gestapo cannot deliver the graft payments to his brown shirts due to ice.


9 posted on 01/08/2014 4:06:58 AM PST by LibLieSlayer (FROM MY COLD, DEAD HANDS! BETTER DEAD THAN RED!)
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To: Libloather

Another welcome distraction for obonzo.
Wonder how detroit is faring any hope for them? Axle rod bumping loudly on matt laugher show today trying to shut the gate.


10 posted on 01/08/2014 4:23:12 AM PST by Recompennation (Constitutional protection for all not ju st selectively for Democrats.)
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To: Libloather

Every year in Central Florida, just like clockwork, it gets freezing cold for three days in January. And that’s the extent of our version of winter. And every year, just like clockwork, the strawberry farmers complain that the sudden, temporary cold snap will damage their crops and force them to raise their prices. Just in time for the Strawberry Festival in February, the biggest amusement fair event of the Central Florida tourist season. See how that works?


11 posted on 01/08/2014 4:41:02 AM PST by jespasinthru (Proud member of the Vast Right-Wing Conspiracy)
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To: All

will this be the talking point on the weekend talkers?


12 posted on 01/08/2014 4:42:30 AM PST by newnhdad (Our new motto: USA, it was fun while it lasted.)
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To: Caipirabob

Exactly...just when the economy WILL be showing signs of slowing down as people who are paying larger insurance premiums quit spending.

How convenient.


13 posted on 01/08/2014 4:51:50 AM PST by garandgal
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To: Libloather

If cold is bad for the economy, then shouldn’t we be doing all we can to hurry “global warming”? Do it for the children if nothing else /s


14 posted on 01/08/2014 4:56:31 AM PST by CIB-173RDABN (I do not doubt that our climate changes. I only doubt that anything man does has any effect.)
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To: Libloather
I feel like I've been on vacation the past couple weeks. We go to movie theater and it's only 1/3 full. No waiting at all to get a table at a restaurant - even on a Friday or Saturday night. Not as much traffic and plenty of parking spaces in the city.

I never understood why so many people huddle at home during cold weather. So it's cold outside. Put on gloves. Put on a hat. Put on a sweater under your overcoat. I can understand if it's -40 degrees with -85 windchill but if it's only zero, you can dress for it and be quite comfortable.

15 posted on 01/08/2014 5:03:36 AM PST by SamAdams76
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To: SamAdams76

I work at a major retailer, and believe me, there’s been no slowing ....they get to the store no matter how bad the weather, how bad the temps — ESPECIALLY if school is out. Then they just bring all the kids.

People are NOT staying home ...they’re using all these school days as “fun” days. It’s a huge joke. Productivity at work is what we’re losing.


16 posted on 01/08/2014 5:10:49 AM PST by LibsRJerks
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To: Libloather
The record cold spell that has half the country in the deep freeze could cost the U.S. economy up to $5 billion.

Fedzilla burns through $5 billion in less than 12 hours ...

17 posted on 01/08/2014 5:13:18 AM PST by tx_eggman (Liberalism is only possible in that moment when a man chooses Barabas over Christ.)
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To: Libloather
And they may also have to pay more just to keep warm.

It's really a boon to the economy, because every dollar spent on keeping warm turns into $1.7 dollars.

18 posted on 01/08/2014 5:19:39 AM PST by St_Thomas_Aquinas ( Isaiah 22:22, Matthew 16:19, Revelation 3:7)
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To: Libloather
or vacations

It's January 8th!

Who the Hell is taking a Vacation? We Just got off one~!

The World Doesn't Stop because it snows you know.

19 posted on 01/08/2014 5:38:31 AM PST by KC_Lion (Build the America you want to live in at your address, and keep looking up.- Sarah Palin)
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To: KC_Lion

“Deep freeze puts $5 billion chill on economy”......

I’m afraid the “Deep Freeze” has been blamed instead of the REAL reason our economy is in trouble. The real reason is ODUMBO and his lack of policies that would resolve the mess he and his ilk have dumped on this once great nation.


20 posted on 01/08/2014 5:55:26 AM PST by DaveA37
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To: Libloather

What’s a vacation?


21 posted on 01/08/2014 6:14:55 AM PST by mykroar (We fight, get beat, rise, and fight again. - Nathanael Greene)
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To: Libloather

22 posted on 01/08/2014 6:38:28 AM PST by shove_it (long ago Orwell and Rand warned us of Obama’s America)
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To: Libloather

So the media states that Polar vortex causes global cooling AND global warming. Which is it? Or is it both?

Time Mag Flashback: 1974 Issue Warns of Man-Made ‘Global Cooling’

By Greg Sheffield | July 24, 2006 | 09:48

“Scientists have found other indications of global cooling. For one thing there has been a noticeable expansion of the great belt of dry, high-altitude polar winds —the so-called circumpolar vortex”...

http://newsbusters.org/node/6546


23 posted on 01/08/2014 7:13:00 AM PST by KeyLargo
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To: Libloather

what a crock of crap from NBC i was in Norther MN. over Chritmas and everyone knew it would be getting very cold by new years and it was cold anyway everyone was out and about, it’s always cold or bone cold this time of yr. nothing new


24 posted on 01/08/2014 9:37:20 AM PST by markman46 (engage brain before using keyboard!!!)
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