Posted on 09/09/2005 5:48:26 AM PDT by Happy2BMe
9 September, 2005
6:41 a.m. EST
Secretary of Labor Elaine L. Chao just declared on FoxNews that one of the good things that will come in the aftermath of Hurrican Katrina will be a huge construction boom in the states hit hardest by the storm.
"There will be a huge construction boom in the wake of Hurrican Katrina that will create thousands of jobs for Americans."
Only when those wars are not fought on your country's soil.
While I'm glad my fellow construction buddies will be booming, Cement, steel & lumber prices will effect jobs we already have and drive up our future bid prices.
Oh well, that's what makes the construction game fun.
BTW, It's getting hard to drive home at night with all the stops I've been making for lemonade. My 8-minute commute now takes about 45 minutes and 20 bucks! I can't let the kids down.
No conservative should author such a sentence. That should read:
"I would bet the government redistributes a trillion dollars..."
I doubt it.
Agreed to an extent. Japan and Germany (Wirtschaftswunder) emerged from WWII stronger economically. They had to rebuild their entire industrial infrastructure, which made them more competitive globally.
Hope they all start learning Spanish in and around the Big Easy.
Right--another famous myth. The recovery happened after WWII, when price controls were lifted.
Do you think WWII solved the unemployment problem?
It's not completely "redistribution" if you're borrowing the money. Is it??
there will be a construction boom, but this nation will still allow illegal aliens in to take the jobs away from its' citizens.
#30 - construction boom ping.
No. Soldiers were paid with tax dollars, raised at hellacious wartime rates. The result was that business was heavily impacted in order to pony up the low pay the soldiers received. In the meantime, the wartime labor shortage also triggered the mass movement of women into the work-force, which actually worsened unemployment problems when the soldiers were discharged after the war.
Fighting WWII was necessary, but it wasn't an economic boon to the nation.
can we at least put down about 12 feet of back-fill in NO before we start rebuilding?
"can we at least put down about 12 feet of back-fill in NO before we start rebuilding?"
====================================
One of the primary reasons more hasn't been done is that whatever weight is added on existing revetments and structures SINKS.
NOLA was built on a swamp 8 feet below sea level.
President Fox to the rescue.
September 5, 2005: President Fox: said his country shared the pain of the hurricane... the contributions of Mexican workers could be more important than ever."The reconstruction of that city [New Orleans] and of that region is going to require a lot of labor. And if there is anything Mexicans are good at, it is construction."
snip
If you look at unemployment rates from 1940 to the Present, you will see that your assertion is incorrect. In 1940 the unemployment rate was 14.6% for persons 14 years and older and went down to 1.2% in 1944. The umemployment rate from 1946-48 remained fairly constant at 3.9%. It ballooned to 5.9% in 1949 and then started another major decline down to around 3% during the Korean War. The bottom line is that unemployment rates stayed considerably lower during and after WWII than during the Depression Era of the 1930s.
The Great Depression began in 1929 when the entire world suffered an enormous drop in output and an unprecedented rise in unemployment. World economic output continued to decline until 1932 when it clinked bottom at 50% of its 1929 level. Unemployment soared, in the United States it peaked at 24.9% in 1933. It remained above 20% for two more years, reluctantly declining to 14.3% by 1937. It then leapt back to 19% before its long-term decline. Since most households had only one income earner the equivalent modern unemployment rates would likely be much higher. Real economic output (real GDP) fell by 29% from 1929 to 1933 and the US stock market lost 89.5% of its value.
A significant amount of jobs were created post WWII in the US to supply those countries whose manufacuturing infrastructure was destroyed by the war. The US industrial base was untouched and intact fresh from being the Arsenal of Democracy during the war.
The movement of women into the workforce was a good thing for our economy.
There are two problems with that statement. First, it doesn't take into account that many people were earning very low wages, including the soldiers. They weren't "unemployed", but they were underemployed. The other problem is that unemployment, expressed as a precentage, can't be compared apples-to-apples over time, because the cohort changed over time.
The Great Depression began in 1929 when the entire world suffered an enormous drop in output... Unemployment soared...
You're abusing the passive voice a bit (or more exactly, using direct objects as subjects). Hoover and FDR played a key role in keeping unemployment high; if it weren't for them, the depression would have ended before WWII broke out.
The movement of women into the workforce was a good thing for our economy.
Arguably. It was unarguably a bad thing for the children of the nation, however.
Like heck! The illegals have taken over the building industry throughout America. Look for Bush to make another plea to bring in even more of them.
#35
there will be a construction boom, but this nation will still allow illegal aliens in to take the jobs away from its' citizens.
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