John Ransom

You can blame it on the bad weather. Well, at least you can count on the Obama administration to blame it on the bad weather.

Cuz baby, it's cold outside. Especially for Senate Democrats.

As retail sales and other data come out this week, expect economist, taking their cue from the White House, to have finally perfected the excuse that cold weather is responsible for the economy missing forecasts.

“Last month, Americans were unnerved by slumping stock markets and impeded from shopping by an unusually cold and snowy January,” reports Reuters, “that, because of high heating bills, could hurt retail sales into the spring, analysts said. A group of nine retailers that report comparable monthly sales posted a 3.6 percent rise for January, below the 4.9 percent pace a year earlier, according to Thomson Reuters.”

As goes consumer confidence, so go elections.

So, when the United States Treasury puts out its budget statement later in the week, expect them to let the rest of us know that President Obama only found out about the weather situation after seeing it on the news.

Listen to Ransom Notes Radio live online or click below for our archive:

Yes, Winter Storm Obama is upon us-- that great, cool, vapid, low-pressure system that often requires a declaration of emergency or disaster in its wake.

Because with it, it brings strong gusts of class warfare, mostly higher taxes, and an 88% chance of inflation—and ignorance that makes a London fog seem enlightening.

Even now, like a tornado, no one knows which trailer park Winter Storm Obama could be headed for next.


John Ransom

John Ransom’s writings on politics and finance have appeared in the Los Angeles Business Journal, the Colorado Statesman, Pajamas Media and Registered Rep Magazine amongst others. Until 9/11, Ransom worked primarily in finance as an investment executive for NYSE member firm Raymond James and Associates, JW Charles and as a new business development executive at Mutual Service Corporation. He lives in San Diego. You can follow him on twitter @bamransom.
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