2.) People went crazy on hearing the news, buying perishable items and soem non perishable items for emergency use such as generators and whatever. This provided a small short term stimulus that is the equivalent of the incometax return check people get and spend: honest spending by consumers but meaningless in terms of economic effect long term
So, Is there somethig we can expect to see out of all this?
YES: QE3
Why, Gosh, the easternhalf of the US just got slammed, did you see the flooding in NYC and that awful earthquake that was so out of the norm on the east coast??
Obama and the dems are going to push these two events to spend more money and raise more taxes for the needy by demanding those wiht means provide their fair share.
Awful. just awful.
I haven’t read the whole thread, but it is only hype if you didn’t lose your power or have trees fall on your property. In RI, I lost power at 8am Sunday, and they say it could be weeks to get it back on. It is just so widespread that there is not enough manpower to get it fixed.
The threat was real and the actual result was a huge disruption to millions of people.
So cut the “it was all just hype” thing, because there are a lot of people who are paying a price today.
What do you want, thousands dead and entire coastal communities wiped away in the headlines? Just because it was not Katrina doesn’t mean there isn’t suffering and expense going on out here.
and p.s. Have you ever tried to post from a 3G Kindle? What a joke that browser is! I am at work now so I have the luxury of a computer, but even getting a text msg out from my cell phone yesterday was a challenge because the cell towers were overloaded.
and another p.s. Don’t sign up for Verizon Fios when it comes to your neighborhood — your landline will only work for about 6 hours after the power goes out.
(Sorry, I really needed to vent.)
Somebody at FEMA can read a ledger...and has realized they need to justify their load on We the People’s federal treasure.