Bush touts $4.2 billion plan for Louisiana homeowners

CNN Dot Com ^ | 3/8/2006 | CNN

[xrp]

Bush touts $4.2 billion plan for Louisiana homeowners

President eyes recovery efforts on 10th trip to devastated Gulf

Wednesday, March 8, 2006; Posted: 12:29 p.m. EST (17:29 GMT)

NEW ORLEANS, Louisiana (CNN) -- During a tour of the hurricane-damaged Gulf Coast, President Bush on Wednesday pressed Congress to pass a proposal that would offer up to $150,000 to each Louisiana homeowner who lost a residence to Katrina.

[NCC-1701]

Somebody refresh my memory. Didn't OTHER places get hit by Katrina? Places like Gulfport, Biloxi, Pascagoula, Mississippi, Mobile, Alabama, among others. They seem to have been all but forgotten. Why all the focus on New Orleans?

[brainstem223]

Why New Orleans, nothing but sleazy slimy scandalous pandering politics of the most disgraceful category; that makes me ashamed that the land of my birth could be led to such a low ebb. And its one thing like this after another.

[Blessed]

I have a friend that just came back from a 6 month stint adjusting homes for major insurance companies.Many people got whipsawed by this storm.He had to separate wind damage from flood damage.Most were covered for wind damage but not flooding.

The big damage came from flood water.There are a lot of middle class people that have $100,000 houses they owe $50,000 on and the wind claim at best leaves nothing after mortgage is paid or they owe money on a house that is gone.

Most just want help in rebuilding.I suspect that is where these funds of UP TO $150,000 are going.I can think of plenty of federal boondoggles that are less deserving than these folks.

[LibLieSlayer]

PD, some of these posters are the most hateful group of people that I have ever seen. They hate everybody, except themselves!

LLS

[AbeKrieger]

How much will be handed out to the non-homeowners who suckled at the teat of big gubment before Katrina hit ?

Shouldn't they receive luxurious, semi-detached townhouses ?

[brainstem223]

Seen my fill of "deserving folks" on the news coverage, the mindless looting, the cruse ship crime waves, the trashed hotel rooms left, the refusal to work, the robberies by persons fed and housed at taxpayers expense, the fraudulent claims, the $500 handbags bought on government issued gift cards instead of food and clothing, the crime wave in Houston, etc etc.

Deserving of jail!

[F16Fighter]

"Sometimes, I think some of you are just a bunch of dopes...Do you understand anything at all about economics? ANYTHING?"

Shall we all drop out car, home and health insurance and expect the President to pick up OUR tabs should OUR worst-case disaster scenario occur?

Apparently YOU understand MORE about selective Marxism, and LESS about the concept of home insurance and personal responsibility...

But then I fully expect you to be a nodding marionette -- especially when Dubya Bush plays 'Simon Says.'

[Blessed]

>Deserving of jail!<

And this would include the retired military and the local school teachers as well as the oil refinery workers that reside in LA.You must live in a pretty miserable neighborhood if this"the mindless looting, the cruse ship crime waves, the trashed hotel rooms left, the refusal to work, the robberies by persons fed and housed at taxpayers expense, " describes the homeowners where you live.

[F16Fighter]

"Hateful"?? Lol, why?

Because some Freepers have the audacity to challenge the absurd idiocy of a poster who refers to them as "dopes"??

Who else's @ss will you be puckering up for today?

[Blessed]

>Shall we all drop out car, home and health insurance and expect the President to pick up OUR tabs should OUR worst-case disaster scenario occur?<

And you have even a shred of evidence this happened in LA.

Do you have terrorism and or flood coverage on your homeowners policy?Do you have a rider to cover tree removal if a tornado drops all the trees in your yard?

[F16Fighter]

"Do you have terrorism and or flood coverage on your homeowners policy?Do you have a rider to cover tree removal if a tornado drops all the trees in your yard?"

Please be clearer about what you are asking.

[monkeywrench]

"Blanco looks like she is napping....is that possible to do standing up??"

Horses do it. Sometimes one of my dogs does it, too.

[CajunConservative]

You ought to hear some of the excuses that insurance companies are using to wriggle out of paying. I wish my local paper had the letters to the editor online. People here in Calcasieu Parish are being told their damage from Hurricane Rita is from earth movement IOW, an earthquake.

Don't count on insurance to pay when they have two catastropic events less than a month apart in which one is the costliest in the history of the US. People who have paid years and years are getting shafted left and right.

[Blessed]

Does your homeowners policy cover these events or have you "chosen not to insure yourself against these risk?

[CajunConservative]

Yes people had insurance but they are weaseling out of paying a lot of those claims, If they pay it's well below the cost of repair.

[Blessed]

>People who have paid years and years are getting shafted left and right.<

Actually I have heard the insurance companies are bending over backwards to pay claims.The adjusters make more money if the settlement is larger.The problem is people were not covered in many cases for flood damage.Many never expected their homes to be ripped from the foundation and totaled.It is hard to conceive of storm damage that does not leave a foundation or occurs miles from the ocean.

[Blessed]

>If they pay it's well below the cost of repair<

Could be because they bought a basic homeowners policy without inflation coverage that paid for replacement cost rather than just covering the value of the property.

Better check your policy.

[CajunConservative]

Haley Barbour is already doing that in MS and is paying about the same amount from the block grant MS got. Nobody is complaining about that though. Those other states only got hit once, bad as that was but Louisiana did get hit twice with an almost equally devastating storm three weeks later that actually did more damage over a larger portion of the state. Remember Hurricane Rita?

[CajunConservative]

I'm not talking about people that dealt with flooding. I'm in the Rita impact area not Katrina. This was someone whose home was damaged because of the Cat 2-3 winds beating the house for 18+ hours and being told that an earthquake caused the damage. This is well outside of the surge area. Believe me I know the difference.