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Hurricane Irene to deliver blow to economy (It Starts)
MSNBC ^ | 8/27/11 | ELLEN GIBSON

Posted on 08/27/2011 2:43:46 PM PDT by Typical_Whitey

NEW YORK — As Hurricane Irene roars toward the East Coast — home to some of the country's most densely populated cities and costliest waterfront real estate — experts are forecasting a multibillion-dollar disaster.

Hurricane Irene is expected to make landfall in North Carolina as a Category 2 storm early Saturday, then move up the Eastern Seaboard, where more than 50 million people from the Carolinas to Massachusetts could be in the path of heavy rain and tropical-force winds. The economic impact of the hurricane largely will depend on factors that include the storm's size, where it makes landfall, and the speed at which it's moving when it hits the coast. But experts already are forecasting billions of dollars in losses.

(Excerpt) Read more at msnbc.msn.com ...


TOPICS: News/Current Events
KEYWORDS: hurricane; irene; obama; obamaexcuses; presidentdowngrade
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To: GatorGirl
The media are so salivating to make this into a monster storm....please!

The "media" was so happy this morning when they finally got their "first" fatality. Their celebrating made me sick.

21 posted on 08/27/2011 3:08:21 PM PDT by FlingWingFlyer (If the Tea Party was a bunch of Islamofascist "rebels", would the state run "media" like us too?)
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To: jersey117
Think of all the jobs obama could save or create.

I'm pretty sure he'll blame Irene for the loss of all the jobs he was going to create after his vacation. Unfortunately, he won't be able to create them now because of the "monster" hurricane.

22 posted on 08/27/2011 3:11:40 PM PDT by FlingWingFlyer (If the Tea Party was a bunch of Islamofascist "rebels", would the state run "media" like us too?)
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To: Keith in Iowa

Krugman ordered up ‘a natural disaster’ for Obama to take charge, turn the economy around, and create jobs.

MSNBC idiots spinning otherwise, to cover up his incompetence.

teh WON wins either way. Expect this kind of stuff intensifies till 2012.


23 posted on 08/27/2011 3:14:35 PM PDT by Sir Napsalot (Pravda + Useful Idiots = CCCP; JournOList + Useful Idiots = DopeyChangey!)
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To: the invisib1e hand

Those wicked 30 mph winds sure are making fools of the fear mongers:

http://www.youtube.com/watch?v=iBVIe-8G9GU


24 posted on 08/27/2011 3:17:34 PM PDT by Para-Ord.45
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To: Typical_Whitey

my wife and i went to lunch,

and we wondered:

how long before comrade obama blames the hurricane

for the high unemployment?


25 posted on 08/27/2011 3:19:14 PM PDT by ken21 (ruling class dem + rino progressives -- destroying america for 150 years.)
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To: Typical_Whitey

Of course we shouldn’t mention the jobs it will create when it passes. Those roofers who will be very busy, the clean up crews who will work for weeks, the construction industry that will need to fix or rebuild as necessary. I could go on and on but if we credit the storm Mr. Oscrewitup won’t get to take the credit.


26 posted on 08/27/2011 3:23:11 PM PDT by CynicalBear
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To: Keith in Iowa

“Economic Genius Paul Krugman says a natural disaster will be a boon to the economy because of all the spending of money the government doesn’t have on recovery...”

Exactly.

This will be just like “man made global warming”, no matter what happens it will be the cause...


27 posted on 08/27/2011 3:28:41 PM PDT by DB
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To: Typical_Whitey

Obama, a man desperately looking for an excuse...


28 posted on 08/27/2011 3:30:09 PM PDT by DB
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To: Typical_Whitey

These guys are writing Epstein’s excuse already?

After a while it just becomes dull and boorish.


29 posted on 08/27/2011 3:30:32 PM PDT by Vendome (Don't take life so seriously, you won't live through it anyway)
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To: Para-Ord.45
Obama's hurricane........bwahahahahahahahahahahahahahahaahahahahahahahahahahahaahahahahaahahahahaahahahahaha!

bwahahahahahahahahahahahahahahaahahahahahahahahahahahaahahahahaahahahahaahahahahaha!

30 posted on 08/27/2011 3:49:02 PM PDT by the invisib1e hand
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To: Sola Veritas
“I’m just waiting for Mr. Obama to blame former President Bush for the Hurricane.....he blames everything else on him.”

That's an easy one; I'll take it.
Bush cut some program that either helped to predict where the storm would go; or a program that would allow a faster response.
See; so easy a caveman could do it.

31 posted on 08/27/2011 3:51:48 PM PDT by HereInTheHeartland (I love how the FR spellchecker doesn't recognize the word "Obama")
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To: Sir Napsalot

Charles Gasparino was peddling that same keynesian broken window fallacy on Fox News with Cavuto

Un-freaking-believable .


32 posted on 08/27/2011 3:51:55 PM PDT by Para-Ord.45
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To: Typical_Whitey

LOL! Now we have fake hurricanes for “stimulus.”


33 posted on 08/27/2011 3:59:00 PM PDT by familyop ("Plan? There ain't no plan!" --Pigkiller, "Beyond Thunderdome")
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To: Typical_Whitey

Obama to deliver blow to economy

DcReturn1
34 posted on 08/27/2011 4:00:15 PM PDT by BobP (The piss-stream media - Never to be watched again in my house)
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To: rawhide
It would seem to me that a hurricane should help the economy? A homeowner or business will have to get repairs made, which would entail purchases being made, resulting in more sales to businesses. And repair companies will earn much more business doing repairs from the hurricane.

I'm assuming you're kidding and being sarcastic. But just in case you're not, perhaps you ought to acquaint yourself with the "Broken Window Fallacy.

35 posted on 08/27/2011 4:02:18 PM PDT by Maceman (Obama: As American as nasei goreng)
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To: Sooth2222
"Why wouldn't all the panic buying and hurricane repairs stimulate the economy?"

I'll beg the question. why wouldn't destruction of everything that could be used for rebuilding stimulate the economy? Well, okay, I'll answer the question with a comment. Because otherwise, people would keep what is not broken after all plus all that they would buy otherwise.

Replacement of broken things would be a break-even proposition, if it weren't for inevitable depreciation. It's best to avoid breaking things, and to manufacture more useful things instead. Granted, we're not doing that, which brings us back to the default process at hand.


36 posted on 08/27/2011 4:21:47 PM PDT by familyop ("Plan? There ain't no plan!" --Pigkiller, "Beyond Thunderdome")
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To: Maceman

You beat me to it. Good work there.


37 posted on 08/27/2011 4:21:47 PM PDT by FreedomPoster (Islam delenda est)
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To: familyop
Parable of the broken window
38 posted on 08/27/2011 4:26:20 PM PDT by AndrewB (FUBO)
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To: Para-Ord.45

Those wicked 30 mph winds sure are making fools of the fear mongers,

Oh geez, another storm front from the Weather Channel to report.

39 posted on 08/27/2011 4:32:03 PM PDT by dancusa (Socialism is a philosophy of failure, the creed of ignorance, and the gospel of envy. W. Churchill)
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To: Keith in Iowa

Insurance payments mean people get hired to do repairs. Govt will of course throw money at it that they don’t have.


40 posted on 08/27/2011 4:39:26 PM PDT by wiggen (The teacher card. When the racism card just won't work.)
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