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  • Will Hurricane Charley Cost Bush The Election?

    08/14/2004 9:35:01 AM PDT · by technomage · 104 replies · 3,159+ views
    8/14/04 | Self
    An interesting conversation was on Fox News this morning. Stuart Varney (sp) mentioned that for the two months after Hurricane Andrew hit Florida the National GDP actually dropped. Then, when recovery efforts really kicked in, the national economy benefited. Many feel this drop was one of the reasons Bush I lost the election. The monetary costs of Charley will probably get close to, or exceed, the 27 billion dollar price tag of Andrew. This may cause the national economy to stall before the rebuilding efforts start in earnest and trickle into the economy. Might not be soon enough.