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Off Topic Off Topic - General non-Corvette related discussion. |
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10-31-2012, 12:24pm | #1 | ||||||
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Hurricane Sandy - the upside
There is about to be a shit ton of money invested back into the economy. Insurance claims will tally into the tens of billions of dollars which means thousands of people in the construction business are about to get jobs. There will be thousands more jobs with suppliers, and then all that money paid out as income will be reinvested into the local communities.
See it here all the time in Florida. Miami had one hell of a boom after Andrew. |
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10-31-2012, 12:26pm | #2 | ||||||
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Every now and then, you get something right.
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10-31-2012, 12:27pm | #3 | ||||||
SnowJob
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10-31-2012, 12:29pm | #4 | ||||||
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Yeah man; Danielle and I were talking about that over coffee this morning. $50b is the initial estimate.
Also a lot of good overtime for power company crews from other states. We had several trucks here from MI. Some of those older homes were in sore need of an upgrade. Not that I wish tragedy on anyone's place. NJ seaboard got hit really hard. Scott
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10-31-2012, 12:34pm | #5 | ||||||
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Short term yes.
Long term insurance costs for those in the effected zone will skyrocket. Hopefully people who have had multiple claims over time are no longer be able to get insurance and will be forced to move to another location. |
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10-31-2012, 12:35pm | #6 | ||||||
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So Hurricane Sandy Built That? Bullshit.
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10-31-2012, 12:35pm | #7 | ||||||
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Yea, it's gonna make whoever gets in the next 4 years look like a frakkin genius.
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10-31-2012, 12:39pm | #8 | |||||||
Latin American Goat Roper
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10-31-2012, 12:46pm | #9 | ||||||
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Chinese construction companies with their own workforce will be bidding on the jobs I'll bet. Free trade my ass!
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10-31-2012, 12:48pm | #10 | ||||||
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20 million Mexicans are headed for NY/NJ right now.
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10-31-2012, 1:08pm | #11 | ||||||
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10-31-2012, 1:09pm | #12 | ||||||
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Don't forget much of the insurance money is sitting in the stock market. So it's basically pulling $40Billion straight out of the stockmarket.
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10-31-2012, 1:33pm | #13 | ||||||
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10-31-2012, 1:38pm | #14 | ||||||
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http://en.wikipedia.org/wiki/Parable_of_the_broken_window
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10-31-2012, 1:40pm | #15 | ||||||
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And we're all gonna' get soaked with higher homeowner's/auto insurance premiums, too. Wait and see.....
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10-31-2012, 1:42pm | #16 | |||||||
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10-31-2012, 1:42pm | #17 | |||||||
Sparkles Flambeaux
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10-31-2012, 1:43pm | #18 | ||||||
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So lesseee. Big company gives money to ocean-side home owners who hire lots of people to do repair work and buy supplies for the repairs.
Hmmmm. I believe this is Trickle-Down in action!!! |
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10-31-2012, 1:43pm | #19 | ||||||
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Profit? nooo, rake them over teh coals, then do it again to make sure we got all the pennys out too.
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10-31-2012, 1:44pm | #20 | ||||||
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[libtard]It only works IF it's the middle class, and the government is handing out the money, this is proof we need more FEMA! And more government spending, not like those evil insurance companies will do their job...chit we need to take over ALL insurance companies! [/libtard]
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