insein
Senior Member
http://news.ft.com/cms/s/ce729a38-eef0-11d8-848a-00000e2511c8.html
This is wh politics is a dirty business. Analysts don't understand that Bush is actually doing this because he genuinely as a Human Being cares about the damage and lives lost in Florida. Instead this article focuses on what the writer perceives to be a political move to goto Florida in order to save votes.
Truly sickening.
This is wh politics is a dirty business. Analysts don't understand that Bush is actually doing this because he genuinely as a Human Being cares about the damage and lives lost in Florida. Instead this article focuses on what the writer perceives to be a political move to goto Florida in order to save votes.
Truly sickening.
Bush visits Florida hurricane devastation
By Henry Hamman in Miami andJames Harding in Washington
Published: August 15 2004 20:25 | Last updated: August 15 2004 20:25
President George W. Bush on Sunday toured parts of Florida devastated by hurricane Charley, a natural disaster loaded with unforeseen costs for the state government of Jeb Bush, his brother, and for his re-election.
Opinion polls suggest Mr Bush is losing ground in Florida to John Kerry, the Democratic challenger, and the White House has been eager to ensure the president does not repeat the mistakes of his father when hurricane Andrew struck in 1992.
Hurricane Charley has cost an estimated $14.5bn in damage, which could have a costly aftermath for the insurance industry, individual homeowners and Florida's own state finances. The $22bn losses suffered by underwriters after hurricane Andrew prompted a restructuring of the state's insurance industry that decreased private underwriters' exposure, injected state government into the residential insurance market and increased homeowners' liability. Battered homeowners will now find much less of their loss is covered. Tens of thousands of people seeking to rebuild their homes will be looking to the federal government for assistance.
When Andrew struck during the 1992 election campaign, George H.W. Bush was criticised for moving slowly with aid. He was then faulted for over-compensating by pledging to rebuild Homestead air force base even though military officials questioned its value. Mr Bush sent in federal assistance over the weekend and went for an aerial tour of the worst hit parts of Florida, a central stretch of the state that includes some of the most fiercely contested electoral constituencies.
The area attracts retirees, many of whom live in modest manufactured homes or trailers - the two types of housing most susceptible to wind damage. Their losses are becoming a focus of media coverage and the elderly are a powerful voting bloc.
After months of polls showing Mr Kerry and Mr Bush neck-and-neck, the challenger has begun to show a discernible lead.
A Quinnipiac University poll last week showed Mr Kerry had the backing of 47 per cent of the state's registered votes, while Mr Bush has 41 per cent. An American Research Group poll a week earlier put Mr Kerry in the lead.
For the casualty underwriters, hurricane Charley will be the first serious test of how the restructured industry withstands catastrophic loss. By shifting many of its high risk policies to the quasi-governmental Citizens Property Insurance Corp, the industry cut its exposure. The industry-wide introduction of a 2 per cent deductible $4,000 out of the pocket of the owner of a $200,000 house is much higher than the $500 deductibles common in 1992.