(01-31-2013 04:19 PM)BlazerFan11 Wrote:  I guess Sandy "wasn't big enough."

Also God's fault.

(01-31-2013 04:22 PM)Ninerfan1 Wrote:  

(01-31-2013 04:19 PM)BlazerFan11 Wrote:  I guess Sandy "wasn't big enough."

Also God's fault.

I thought Bush controlled hurricanes now?

(01-31-2013 04:36 PM)BlazerFan11 Wrote:  

(01-31-2013 04:22 PM)Ninerfan1 Wrote:  

(01-31-2013 04:19 PM)BlazerFan11 Wrote:  I guess Sandy "wasn't big enough."

Also God's fault.

I thought Bush controlled hurricanes now?

Not the ones that hit white people.

(01-31-2013 04:19 PM)BlazerFan11 Wrote:  I thought Keynesians believed that natural disasters stimulate the economy? I guess Sandy "wasn't big enough."

They can, but not always, provide some overall stimulus to the economy. That is a classic "it depends".

Many hurricanes do provide stimulus, especially those that hit second home areas. Most people in those areas have insurance and will spend to rebuild. In many cases they rebuild bigger and more expensive.

Katrina, was not that kind of hurricane. It caused massive economic disrputions, ended up causing massive damage to uninsured persons etc.

A hurricane hitting Destin is a lot more likely to be expansionary than a hurricane hitting New Orleans.

In the Sandy scenario, the hurricane disrupted a business center. It also hit a lot of peoples primary homes. Those impacts are negative.

Why Tom? Don't businesses have insurance? I'd think that primary residences were more likely to have insurance than second homes? Storm surge often isn't covered, but wind and rain usually are by most policies.

Katrina was bad because of the poor area below the levies, and because they were low income housing, and in a flood plane, they had no insurance. I wouldn't think most of the northeast would fit that mold, would it? Am I wrong about the make-up of the area hit by Sandy?

(01-31-2013 11:16 PM)Hambone10 Wrote:  Why Tom? Don't businesses have insurance? I'd think that primary residences were more likely to have insurance than second homes? Storm surge often isn't covered, but wind and rain usually are by most policies.

Katrina was bad because of the poor area below the levies, and because they were low income housing, and in a flood plane, they had no insurance. I wouldn't think most of the northeast would fit that mold, would it? Am I wrong about the make-up of the area hit by Sandy?

A lot of people in the NE didn't have flood insurance. It had been so long since a storm had hit.

Most businesses don't have adequate business interruption insurance

Remember, a lot of 'expansionary' hurricanes hit resort communities/secondary homes. Katrina and Sandy both hit non-resort areas/primary homes.

(01-31-2013 11:33 PM)Tom in Lazybrook Wrote:  

(01-31-2013 11:16 PM)Hambone10 Wrote:  Why Tom? Don't businesses have insurance? I'd think that primary residences were more likely to have insurance than second homes? Storm surge often isn't covered, but wind and rain usually are by most policies.

Katrina was bad because of the poor area below the levies, and because they were low income housing, and in a flood plane, they had no insurance. I wouldn't think most of the northeast would fit that mold, would it? Am I wrong about the make-up of the area hit by Sandy?

A lot of people in the NE didn't have flood insurance. It had been so long since a storm had hit.

Most businesses don't have adequate business interruption insurance

Remember, a lot of 'expansionary' hurricanes hit resort communities/secondary homes. Katrina and Sandy both hit non-resort areas/primary homes.

Sandy was proof God is a conservative.

I thought the title to this thread was from the Koch brothers and the other billionaires that donated to Rove.

A natural disaster can fit with current economic conditions. If one is so inclined.