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February 25, 2014

The Weather and Climate Agenda at The White House

So Obama went to California to talk drought and climate change. He brought some cash with him to help the state cope with the water shortage. The Prez is right to be worried about this drought, after all, Cali is 15% of the US economy. The only question is how big the hit to CA/US GDP is going to be.
The President’s new plan is have the Ag department come up with $100 million for cattle farmers. There is also $5m for communities that are literally running out of water. So it’s 20 to 1 in favor of the cattlemen. Great plan…
 As Obama headed west,  the White House’s Science Assistant, John Holdren, had this to say about the California drought:  
“Weather practically everywhere is being caused by climate change”
Really? It’s all climate change?
There are many forces that shape weather patterns. One of the most significant is the El Nino/ La Nina cycles. This is what NOAA has to say about the connection between El Nino and rainfall in the South West:
 El Niño results in increased precipitation across California and the southern tier of states
The California drought has persisted for the past three years. It’s no coincidence that there have been no El Nino conditions during this time period: 
The WH has a climate agenda – this is payback for a lot of support (money). Okay, but when the chief scientist at the WH ignores the scientists who actually look at weather patterns,  then one is forced to doubt everything the WH says on the topic. 
About The Author - Bruce Krasting had worked on Wall Street for 25 years--"For 25 years I woke up thinking, "What am I going to do today to make some money in the market". I don't do that any longer. But I miss it." Nowadays, Bruce blogs about his take on financial events at Bruce Krasting(EconMatters author archive here.)   

The views and opinions expressed herein are the author's own, and do not necessarily reflect those of EconMatters.

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Item Reviewed: The Weather and Climate Agenda at The White House Rating: 5 Reviewed By: EconMatters