Like after Fukushima, after 2014 snowstorms financial "experts" are blaming the weather for bad economy

There has been an increasing trend among financial "experts," TV talking heads, and economists to blame the weather on our crappy economy.

I first began to notice this trend in 2011 after the Fukushima Daiichi nuclear disaster when then Federal Reserve Chairman Ben Bernanke, testifying before Congress, attributed part of our slow growth to that earthquake caused event.

But now this explanation is back in full force, and we are supposed to believe that snow is the reason for the bleeding (Reason for the season? Christmas? Snow? Get it lol).

And we are supposed to believe this in spite of the fact that where the weather was arguably the worst, the chilly Northeast, house sales performed the best in the country. The NE saw a 12.5% increase in February, which was awful weather wise, to March. Meanwhile, the mid-West (-21.5%), the south (-14.4%), and the west (-16.7%), all received negative growth.

According to their line of reasoning, the rest of the states are need in some snow right now; and the ones that did get snow, they need more.

Video: Herman Cain vs. Ron Paul On Economy

Ron Paul in 2002 and 2003 on the housing market.
Herman Cain on the "alleged housing bubble."

Video: Young Peter Schiff Discusses the Tech Bubble in 2002

Peter Schiff on the American Dream

What is the American Dream? It isn't what the government told you. Peter Schiff explains:

The American dream is that any Americans, no matter how humble their beginnings, can work hard, save their money, and rise as high in our society as their ambition will take them, even become president. But getting rich by owning a home is not the Americana dream. Your home is your shelter. It does not replace the need to save your money for retirement. That misconception of the dream and the importance given to home ownership was a force driving the housing bubble and now is a force misguiding the policies dealing with the bust. The American people should understand that misconception and let go of it.

Peter Schiff, Crash Proof 2.0, page 188

Don't 'Save' The Housing Market

Thomas Sowell explains the fallacy of the seen and the unseen in the effort to "save" particular people with prospects of home foreclosure:

We hear sad stories about people whose homes are “underwater” or who are facing foreclosure. But why should our attention be arbitrarily focused on these particular people, rather than on the many other people who would benefit from being able to buy those same houses at lower prices? The government is artificially keeping the prices up with subsidies and with pressures on lenders to accommodate the current occupants.

I have felt this and have been saying this for quite some time in other areas. Read the rest of the article here.