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Get ready for a new argument why the economy isn't better

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ShaneGR Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Sep-14-03 10:08 PM
Original message
Get ready for a new argument why the economy isn't better
George Bush during the 2004 election, "Well, if Hurricane Isabel hadn't hit the economy would be doing much better. Who would have guessed a mammoth hurricane with 125 mile per hour winds would hit 3 major cities in one day?
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Boom_cha Donating Member (431 posts) Send PM | Profile | Ignore Sun Sep-14-03 10:14 PM
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1. Natural disasters can be a source of economic stimulus
Edited on Sun Sep-14-03 10:15 PM by Boom_cha
For example, after the Kobe earthquake in 1995, Japanese GDP growth got a temporary boost from all the reconstruction spending.
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dofus Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Sep-14-03 10:22 PM
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2. Very good.
No doubt they will be able to come up with excuse after excuse for the next fourteen months.
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Don_G Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Sep-14-03 10:28 PM
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3. One Natural Disaster
And at least ten man-made ones.

Can't wait to see how much is left in FEMA's budget.

I wonder if the media has any idea?
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