Wealth re-distribution, lower unemployment... Sandy style...

Discussion in 'Politics' started by healthmyths, Oct 30, 2012.

  1. healthmyths

    healthmyths Gold Member Supporting Member

    Sep 19, 2011
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    With so much personal suffering, losses of priceless memories, it seems cruel that there are some discussions how this can be a BENEFIT!!!

    Because the U.S. employment situation is in a precarious situation, with a 7.8 percent national unemployment rate, there will likely be additional spending in construction and related sectors. Morici said there could be $15 billion to $20 billion in new direct private spending.
    As a result, the economic benefit from reconstruction could range from $27 billion to $36 billion after a multiplier effect in the economy.
    “We’ll see people able to work who were not working,” he said. “If the country was in full employment, it would be a different thing.”

    Hurricane Sandy: Losses Estimated at $45 Billion - ABC News

    Wealth re-distribution being from those EVIL insurance companies that will fight tooth and nail NOT to pay the claims!!!
    (From a OccupyWall street mentality!!..not me!)

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