[Stingray51]

This is laughable. The idea that Sandy caused more damage along the New Jersey shoreline than the entire state budget of New Jersey is just crazy. Christie says that 30,000 homes and businesses were destroyed OR sustained substantial damage. The devil is in the detail of what "substantial" means. For argument's sake, let's say that the 30,000 structures suffered an average of $500,000 in damage. 30,000 x 500,000 = 15 billion. And I think that is a ludicrously high figure. And a lot of this was or should have been covered by insurance. The public has got to wake up to there being no such thing as free money and stop accepting as compassion the taking of other people's money by taxes, dilution by running the printing presses or the indebting of future generations.

[ArGee]

Actually, $37 billion is going to turn out to be exceedingly low, although the exact impact on the New Jersey economy will be difficult to pin down.

You see, Sandy is credited with giving Obama a last minute boost in the last election. The loss for the nation will be in the $trillions.

[yldstrk]

feeding at the public trough

[fatnotlazy]

Christie can just go to his new BFF, who will give him our tax dollars for “rebuilding.”

[dfwgator]

Christie is requesting that amount, which is greater than his state's entire budget, from the federal government.

Yeah, I'm sure Obama is going to get right on that. /s

[SamuraiScot]

Sandy caused $37 billion in damage in NJ: Christie

Christie: Your election-eve behavior in exploiting Sandy to suck up to The Skinny Dictator did damage to America that can't yet be calculated. One place or the other, you'll pay.

[ILS21R]

I'm gonna tell them $37B. Okay.

[Perdogg]

That was just on donuts.

[BlueStateRightist]

And now we see what the Fat Slob was up to pre-election. He is just another phony RINO feeding at the trough in many different ways. The worst type of hypocrite.

[MichaelCorleone]

Looks like this is where the rubber meets the road, Mr. Christie.

Was the short term benefit your dog and pony show to make 0 look good after Sandy worth it?

[Sooth2222]

Well, GOOD LUCK, Governor!

Of course he can "request" it -- but I doubt Obama has much left in his "stash" after paying for food stamps and Obamaphones and stuff.

Christie isn't going to get anything near that amount, and he knows it!

BTW I believe the Federal Flood Insurance program only covers up to a maximum of $250k + $100k contents for a home or $500k for a business. Since the bad damage was mostly due to storm surge flooding, a lot of homeowners and businesses have big uninsured losses after Sandy. The FEMA low-interest loans probably aren't such a bad deal if someone was planning on a teardown anyway -- otherwise, not. And most weren't.

[skeeter]

The White Hut says they’ll get back to you, Guv.

[Ditter]

Tell me exactly what obama did in NJ that Bush did NOT do in NO? Oh yeah, I remember Bush did NOT have the MSM in his pocket.

[ABQHispConservative]

You forget the kickbacks to the three major organized crime syndicates: the mob, the unions, and the democrats.

[veritas2002]

raise taxes to pay for it all

[annieokie]

I can’t even try to imagine what my homeowners insurance premium is going to be next year.

[Boomer One]

I live in Florida where we basically pay our own way via homeowner insurance premiums. We moved here from Northern Virginia where I paid $832 for insurance on a $600k house. Bought a property in Florida for $300k and almost died when I got hit with a $5k insurance bill. After spending over $20k on hurricane resistant windows, bill dropped to just over $3k. This for a property with a 2% hurricane deductible and in a location that has been hit only once in the last 50 years. Bailing out NY and NJ is only a vote buying agenda and I object to it.

[Redleg Duke]

Nothing near the damage this fat ass caused to the whole country by sucking up to the Jug-eared Dictator!

[sten]

of course it did...

and the ‘cleanup’ will last well into january...

all union labor paid by the state/federal govt, of course

/eye-rolling-sarcasm

and yes, YOU are paying for this even if you live in new mexico, texas or florida. because the money the state doesn’t have... comes from the fed.. which comes from YOU

[World'sGoneInsane]

http://www.trulia.com/real_estate/08738-Mantoloking/market-trends/

[World'sGoneInsane]

If you look at the above link, this town was on top of the list of damage. In addition, to homes the infrastructure was demolished.

You can check on Trulia or search for towns such as Bayhead, Beach Haven, Point Pleasant Beach, Margate, etc., for just the home values. The infrastructure in some of these areas looked war-torn. The police station in Bayhead, completely gone. The fire department in another town, completely gone. Not to mention the coastline itself. The fishing industry, marinas, etc.

Say what you want about Christie, say what you want about NJ, but the fact remains that the destruction of this area from this storm was/is a nightmare. I can't imagine what the cost will be to rebuild coastline to protect the inland from future storms will be.

Using your formula, sadly, I imagine the cost to be even higher than currently estimated.