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Post-storm construction hiring may aid US economy
Yahoo ^ | 11/4/12 | ALEX VEIGA and MATTHEW PERRONE Associated Press

Posted on 11/04/2012 11:12:52 AM PST by mdittmar

Hiring in the long-depressed U.S. construction industry will get a boost from the rebuilding that will follow Superstorm Sandy. Those jobs, in turn, could raise economic growth, analysts say.

The modest lift to the economy is expected to come in the first months of 2013. Construction firms, contractors and local governments will hire to rebuild or renovate homes, buildings, roads and bridges that were damaged or destroyed.

"This is going to be a net positive, particularly in the mid-Atlantic," said Sophia Koropeckyj, managing director Moody's Economy.com.

Sandy inflicted up to $50 billion in estimated losses from property damage, lost business and additional living costs. The damage was concentrated near the coastlines of New Jersey and New York City.

(Excerpt) Read more at news.yahoo.com ...


TOPICS: News/Current Events
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obama just needs more storms;)
1 posted on 11/04/2012 11:12:58 AM PST by mdittmar
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To: mdittmar

America needs more hurricanes. Help keep “global warming” alive! These people are all on drugs.


2 posted on 11/04/2012 11:16:31 AM PST by FlingWingFlyer (The Red Cross says, Vote For Obama!)
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To: mdittmar

Teh stupid is strong in this one.


3 posted on 11/04/2012 11:19:29 AM PST by JohnBrowdie (http://forum.stink-eye.net)
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To: mdittmar

OMG...these idiots....just like Pelosi saying FOOD STAMPS are good for the ECONOMY....


4 posted on 11/04/2012 11:19:40 AM PST by goodnesswins (What has happened to America?)
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To: mdittmar

Since the gummint is paying for all this, it is a net zero for the economy.

One hand just taking from the other.


5 posted on 11/04/2012 11:20:33 AM PST by freedumb2003 (We can’t just leave it (food choice) up to the parents. -- moochele obozo 2/12/2012 (cnsnews))
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To: mdittmar

Very few people with a few notable exceptions like Rush Limbaugh, actually understand how a free market driven economy really operates. To the author of this article, a vast tsunami of insurance claims, shady contractors with armies of illegals, labor unions, and government handouts obtained through high taxes will “turn around” the economy. You’d have to be on crack to believe such an outlandish thing.


6 posted on 11/04/2012 11:21:14 AM PST by SpaceBar
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To: mdittmar

The Obama campaign will paraphrase Mitt Romney and say, “For love of country, break a window.”


7 posted on 11/04/2012 11:21:14 AM PST by 1raider1
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To: mdittmar

They think obama may eventually be blamed for the hurricane. So, his worshippers can say it was a good thing.


8 posted on 11/04/2012 11:22:01 AM PST by Terry Mross (To former friends and relatives. Don't ever contact me if you still support obama.)
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To: mdittmar

Even true it would only help local unions as they drive others away!


9 posted on 11/04/2012 11:22:28 AM PST by nclaurel
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To: mdittmar

Broken Window Fallacy headline, these folks are economic fools.

If you don’t know what I’m talking about, the following is required reading:

That Which is Seen, and That Which is Not Seen
by Frederic Bastiat, 1850
http://bastiat.org/en/twisatwins.html


10 posted on 11/04/2012 11:22:57 AM PST by FreedomPoster (Islam delenda est.)
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To: mdittmar

Why wait for hurricanes? Why not knock down 10% of our commercial and residential structures every year? That would creasat millions of jobs. Bulldozers are much more predictable than the weather. /s


11 posted on 11/04/2012 11:24:28 AM PST by SC_Pete
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To: mdittmar
Sandy inflicted up to $50 billion in estimated losses from property damage...

Raise your hand if you believe that loss is actually a plus!

Any demonrats here? I bet you dumba$$ demonrat lurkers got your hands in the air!

12 posted on 11/04/2012 11:25:12 AM PST by raybbr (People who still support Obama are either a Marxist or a moron.)
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To: 1raider1

LOL!


13 posted on 11/04/2012 11:25:33 AM PST by mdittmar
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To: mdittmar

The broken window fallacy is strong with these two.


14 posted on 11/04/2012 11:27:42 AM PST by PA Engineer (Liberate America from the Occupation Media.)
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To: SpaceBar
I love Rush, but imo he avoids econ discussions because he gets in over his head. Witness the fact that he had to read I, Pencil just the other day. On the other hand, he might avoid econ discussions because he's decided his listeners tune them out.

Ya want an econ discussion? Listen to Levin.

15 posted on 11/04/2012 11:28:15 AM PST by 1rudeboy
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To: SpaceBar
Very few people with a few notable exceptions like Rush ....

An order of magnitude higher, IMHO, would be Milton Friedman types. I recently viewed "Free To Choose"... excellent material, and our society would be well served to review what he had to say.

16 posted on 11/04/2012 11:30:59 AM PST by C210N ("ask not what the candidate can do for you, ask what you can do for the candidate" (Breitbart, 2012))
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To: FreedomPoster

Thank you for the timely reminder. Nothing learned in the last 160+ years. I taught Hazlitt’s version of this in my economics classes for years.


17 posted on 11/04/2012 11:31:32 AM PST by Founding Father (The Pedophile moHAMmudd (PBUH---Pigblood be upon him))
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To: 1rudeboy
Ya want an econ discussion? Listen to Levin.

I love Levin, especially when it comes to the Constitution and political philosophy, but when it comes to economics Stuart Varney or Larry Kudlow are better.

18 posted on 11/04/2012 11:33:01 AM PST by frogjerk (OBAMA NOV 2012 = HORSEMEAT)
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To: mdittmar
There is an economic principle known as "the broken window fallacy".

Walter Williams explained it best, but I can say this is pure B.S.

19 posted on 11/04/2012 11:33:10 AM PST by elkfersupper ( Member of the Original Defiant Class)
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To: mdittmar

These reporters are such ignoramus economic idiots.

Any dollars spent on construction will be coming out of NOT buying other stuff which would have been bought otherwise.

If hurricanes improve the economy why not push for more “climate change”....yeah baby burn more fossil fuels! Such idiocy!!

There are only 4 events which improve economy:

1. Mining: includes extraction of minerals, fuels, etc.

2. Manufacturing: This event enhances value of raw materials into finished goods, creating additional wealth. Also includes power plants, house & building construction etc.

3. Agriculture: Seeds & fertilizer are lot cheaper than the harvested products. This also includes poultry, fish & animal farming. Less input cost, more output value.

4. Creation of intellectual items & products: This includes such items as software, new product development etc. which all have a demand in the market place. Invention of “Windows” operating system for PC’s is a good example. This type of activity increases productivity, which creates more wealth.

All service activities such as retailing, lawyers, accountants, repairing of hurricane damaged properties etc do not create additional wealth. These are all dependent and users of existing wealth. Without additional wealth creation there is no increase in economy.


20 posted on 11/04/2012 11:34:16 AM PST by entropy12 (The radical socialist from Chicago and Acorn lawyer must be defeated! VOTE him out!!)
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