All this media talk about the potentially crippling economic blows from Irene...
Presumably, every penny insurers and governments pay for remediation are pumped back into the economy at a fairly base level for cleanup, re-construction, etc.
Seems almost like a very efficient stimulus package.
I know it would no doubt add to government debt, but since when has that mattered to the US goverment?
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Originally posted by sh76Irene is a job creator. They will need electricians, morticians, etc., maybe even a few musicians to help brighten up their day. In the end, the only thing that will not be needed are politicians. Then again, when are they ever needed? Politicians are like that uninvited guest that shows up at every party wanting free beer and munchies to go along with it and, at the same time, try to tell you how you should be living your life.
All this media talk about the potentially crippling economic blows from Irene...
Presumably, every penny insurers and governments pay for remediation are pumped back into the economy at a fairly base level for cleanup, re-construction, etc.
Seems almost like a very efficient stimulus package.
I know it would no doubt add to government debt, but since when has that mattered to the US goverment?
Edit: You wouldn't consider getting a bunch of your friends together and go stand on a bridge somewhere waving your hands in desperation at anything that flies by with signs saying, "Save us President Obama" would you? 😛
Originally posted by whodeyNo doubt the glaziers do well. 😉
Irene is a job creator. They will need electricians, morticians, etc., maybe even a few musicians to help brighten up their day. In the end, the only thing that will not be needed are politicians. Then again, when are they ever needed? Politicians are like that uninvited guest that shows up at every party wanting free beer and munchies to go along with ...[text shortened]... eration at anything that flies by with signs saying, "Save us President Obama" would you? 😛
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Originally posted by sh76how does it affect our insurance premiums though? Does a disaster just mean we see premiums go up somewhere? I have little doubt that law suits against hospitals and Drs. sooner or later are passed on to Joe public, certainly the insurers don't suffer the blow?
All this media talk about the potentially crippling economic blows from Irene...
Presumably, every penny insurers and governments pay for remediation are pumped back into the economy at a fairly base level for cleanup, re-construction, etc.
Seems almost like a very efficient stimulus package.
I know it would no doubt add to government debt, but since when has that mattered to the US goverment?
Originally posted by sh76This hurricane is not going to change the economy much at all.
All this media talk about the potentially crippling economic blows from Irene...
Presumably, every penny insurers and governments pay for remediation are pumped back into the economy at a fairly base level for cleanup, re-construction, etc.
Seems almost like a very efficient stimulus package.
I know it would no doubt add to government debt, but since when has that mattered to the US goverment?
What we really need (so says the GOP) is big tax breaks for Billionare's, Millionare's, Oil Companies, and Tobacco companies. Because after all...companies are people too!!😵😵😵
Originally posted by sh76No doubt if unemployment goes down in areas affected by the hurricane, the president will take credit for it. "And I, Barack Obama, president of these United States brought down a great storm upon the lands and said, Let my people work."
All this media talk about the potentially crippling economic blows from Irene...
Presumably, every penny insurers and governments pay for remediation are pumped back into the economy at a fairly base level for cleanup, re-construction, etc.
Seems almost like a very efficient stimulus package.
I know it would no doubt add to government debt, but since when has that mattered to the US goverment?
Originally posted by dryhumpIt causes money to be spent and gives us nothing new. It is completely wasteful. Just about any other spending product should gives us something in return. Here, at best, you'd try to put your self in the same situation you once were in.
No doubt if unemployment goes down in areas affected by the hurricane, the president will take credit for it. "And I, Barack Obama, president of these United States brought down a great storm upon the lands and said, Let my people work."
Originally posted by sh76Efficient? You call that an efficient stimulus package? Destruction of wealth is not efficient!
All this media talk about the potentially crippling economic blows from Irene...
Presumably, every penny insurers and governments pay for remediation are pumped back into the economy at a fairly base level for cleanup, re-construction, etc.
Seems almost like a very efficient stimulus package.
I know it would no doubt add to government debt, but since when has that mattered to the US goverment?
You have been listening to Paul Krugman too much.
Krugman entertains a military buildup to counter an alien invasion from outer space for nothing. That is inefficient stimulus as well. Infrastructure spending is efficient unless you destroy it afterwards. Krugman probably knows the difference but he is silly for digressing into aliens and such.
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Originally posted by bill718But how is it different from a stmulus?
This hurricane is not going to change the economy much at all.
What we really need (so says the GOP) is big tax breaks for Billionare's, Millionare's, Oil Companies, and Tobacco companies. Because after all...companies are people too!!😵😵😵
You have billions of tax payer dollars going out to help pay for the devestation as people are hired to clean up the mess. In fact, Wall Steet is up today. So what does that tell ya?
Originally posted by sh76Look up "Broken Window Fallacy". Originally expounded by Fredrick Bastiate.
All this media talk about the potentially crippling economic blows from Irene...
Presumably, every penny insurers and governments pay for remediation are pumped back into the economy at a fairly base level for cleanup, re-construction, etc.
Seems almost like a very efficient stimulus package.
I know it would no doubt add to government debt, but since when has that mattered to the US goverment?
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Originally posted by sh76It depends on the extent and how much it interferes with the flow of commerce and for how long.
All this media talk about the potentially crippling economic blows from Irene...
Presumably, every penny insurers and governments pay for remediation are pumped back into the economy at a fairly base level for cleanup, re-construction, etc.
Seems almost like a very efficient stimulus package.
I know it would no doubt add to government debt, but since when has that mattered to the US goverment?
And there won't be a stimulus effect for the repairs. Cantor won't stand for it.
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- 214771
Originally posted by AThousandYoungActually, it will help to pull money out of insurance companies, who made record profits while most of the country languished in 2009. And construction is a key base of the economy. So it will help, which is why Republicans will fight relief funds tooth and nail unless they can be matched with cuts - the goal being to avoid a net gain of money into the economy until after 2012.
That fallacy assumes that the money will be spent one way or another. If the disaster gets money out of banks and into circulation it's a little different.