Sandy and Economic Stimulus? by AnthonyT

REAL WORLD EVENT DISCUSSIONS

Sandy and Economic Stimulus?

POSTED BY: ANTHONYT
UPDATED: Thursday, November 15, 2012 17:25
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Thursday, November 15, 2012 5:39 AM

Freedom is Important because People are Important

Hello,

I wanted to broach what is potentially a sore spot with some insensitive speculation.

I wondered if it was possible that the vast destruction caused by Sandy might provide a net increase in economic stimulus?

It occurred to me that the damage may require a vast investment in construction and infrastructure, billions of dollars worth. Doubtless some businesses will close due to the storm, but I wondered if there might be more jobs created than destroyed by this incident.

--Anthony

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Thursday, November 15, 2012 5:50 AM

KPO

Sometimes you own the libs. Sometimes, the libs own you.

Japan saw an economic boost from its tsunami reconstruction last year.

This article directly answers the question:
http://www.economicshelp.org/blog/6157/economics/does-disaster-relief-
provide-economic-stimulus/

It's not personal. It's just war.

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Thursday, November 15, 2012 5:57 AM

ANTHONYT

Freedom is Important because People are Important

Hello,

From that article, it seems the affected regions are doing less well, but overall the economy received a boost.

It's hard to try to find a silver lining in such a cloud, but since the cloud has already fallen upon us, any silver is a boon.

--Anthony

Note to Self:
Raptor - woman testifying about birth control is a slut (the term applies.)
Context: http://tinyurl.com/d6ozfej
Six - Wow, isn't Niki quite the CUNT? And, yes, I spell that in all caps....
http://tinyurl.com/bdjgbpe
Wulf - Niki is a stupid fucking bitch who should hurry up and die.
Context: http://tinyurl.com/afve3r9

“The stupid neither forgive nor forget; the naive forgive and forget; the wise forgive but do not forget.” -T. S. Szasz

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Thursday, November 15, 2012 6:05 AM

NIKI2

Gettin' old, but still a hippie at heart...

I agree, Anthony. Was hearing on the radio yesterday about how the price of autos may go up because of the huge demand Sandy has created by destroying so many. Interestingly, the cost of USED cars has already increased--they didn't speak to that (and I believe they said it was happening before Sandy)--which I found surprising. But replacing all the lost cars, it seems to me, will be a boon to the auto industry at the very least. Tho', would that be at the cost to the insurance industry, which will no doubt raise rates, thereby hurting the economy, and, and, and...sigh...it's just too confusing for me, I'm afraid.

Thus your hypothesis might follow that which is already taking place in that particular segment of the economy, so it's not out of the realm of possibility.

Of course, if improvement follows what you have theorized, I guess the right could blame Sandy for it...and their followers would no doubt have no problem switching from "Sandy ruined Romney's chances" to "Sandy improved the economy" I'm sure...after all, the election is over, so I'm sure they'd happily dump blaming Sandy for its outcome if the hurricane became useful in robbing Obama of any responsibility...

Tit for tat got us where we are today. If we want to be grownups, we need to resist the ugliness. If we each did, this would be a better reflection on Firefly and a more welcome place. I will try.

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Thursday, November 15, 2012 9:16 AM

FREMDFIRMA

Quote:
Originally posted by AnthonyT:
It occurred to me that the damage may require a vast investment in construction and infrastructure, billions of dollars worth. Doubtless some businesses will close due to the storm, but I wondered if there might be more jobs created than destroyed by this incident.

One can hope, surely investment and construction are a MUCH better idea than vulture capitalist looting and devastation, some parts of New Orleans never recovered from the "help" they got from various corps.

Credit where it's due though, the Governor and State Attorney General are rather hawkish so far in preventing that from coming to pass.

-Frem

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Thursday, November 15, 2012 5:25 PM

OONJERAH

Obama names HUD director to lead Superstorm Sandy recovery
http://www.latimes.com/news/nationworld/nation/la-na-sandy-obama-20121
116,0,7833362.story

Housing and Urban Development Director Shaun Donovan has
been chosen to lead the federal government's assistance to
states rebuilding after Superstorm Sandy, President Obama
announced Thursday after touring parts of New York.

"We thought it'd be good to have a New Yorker who's going to
be the point person," Obama said from Staten Island, where
he concluded a tour with Donovan and state lawmakers that
included a flyover of Far Rockaway and Breezy Point in Queens,
where more than 100 homes burned as floodwaters kept fire-
fighters at bay.

======================

A man's gotta know his limitations. ~Dirty Harry

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