This needed to be said!

darth tang

Active Member
I Will Rebuild With You, Mr. President
By Donna Brazile
Saturday, September 17, 2005; A21
New Orleans is my hometown. It is the place where I grew up, where my family still lives. For me, it is a place of comfort and memories. It is home.
Now my home needs your help, and the help of every American. Much of my city is still underwater. Its historical buildings have been wrecked, its famous streets turned to rivers and, worst of all, so many of its wonderful people -- including members of my own family and my neighbors -- have lost everything.
On Thursday night President Bush spoke to the nation from my city. I am not a Republican. I did not vote for George W. Bush -- in fact, I worked pretty hard against him in 2000 and 2004. But on Thursday night, after watching him speak from the heart, I could not have been prouder of the president and the plan he outlined to empower those who lost everything and to rebuild the Gulf Coast.
Bush called on every American to stand up and support the rebuilding of the region. He told us that New Orleans and the entire Gulf Coast would rise from the ruins stronger than before. He enunciated something that we all need to remember: This is America. We are not immune to tragedy here, but we are strong because of our industriousness, our ingenuity and, most important, because of our compassion for one another. We are a nation of rebuilders and a nation of givers. We do not give up in the face of tragedy, we stand up, and we reach out to help those who cannot stand up on their own.
The president called on every American to reach out to my neighbors in New Orleans and throughout the Gulf Coast. The great people of this country have already opened their hearts in the immediate aftermath of the storm, and their tremendous generosity has done more than just provide extra comfort -- it has saved lives. Now the crisis of survival is over. But the task of rebuilding remains, and the president made it clear that every single one of us has a role to play.
Each of us belongs to some group -- a church, a union or a fraternal organization, or even a book club -- that can make a difference. It is those groups that can pool resources and then reach out to their counterparts in the stricken states and ask, "What can we do?" Schools, Girl Scout troops, Rotary clubs -- this is the time for every community group to step forward to lend a helping hand. We need it.
The president also laid out the federal government's goal for rebuilding. It is unprecedented in its scope and ambition, matching destruction that is unprecedented as well. He made the challenge clear: This will be one of the biggest reconstruction projects in history. But he also made it clear that we can and will do this. New Orleans, Biloxi, all of the Gulf Coast will rise again. And the residents are ready to pitch in and do their part.
I know, maybe better than anyone, that there are times when it seems that our nation is too divided ever to heal. There are times when we feel so different from each other that we can hardly believe that we are all part of the same family. But we are one nation. We are a family. And this is what we do. When the president asked us to pitch in Thursday night, he wasn't really asking us to do anything spectacular. He was asking us to be Americans, and to do what Americans always do.
The president has set a national goal and defined a national purpose. This is something I believe with all my heart: When we are united, nothing can stop us. We will not waver, we will not tire, and we will not stop until the streets are clean, every last brick has been replaced and every last family has its home back.
Bush talked about how we bury our family and friends. We grieve and mourn. We march to a solemn song and then we rejoice and step out and form the second line. That line is now open to every American to join us in rebuilding a great region of this country. New Orleans will rise again. My hometown is down but not out, and with the help of every American, it will be back on its feet, bigger and brighter than ever.
Mr. President, I am ready for duty. I am ready to stir those old pots again. Let's roll up our sleeves and get to work.
The writer, a Democratic political consultant, managed Al Gore's 2000 presidential campaign.
 

hot883

Active Member
Nicely written. Thanks Darth Tang for making a thread on it. I too, am a Proud American. Politics are never an easy subject to talk about. I do support Our Commander in Chief. But more importantly, I support our families and friends that have suffered. God Bless the U.S.of A
 

darth tang

Active Member
I don't think so, there is a lot of "pork" that can be cut and other "special interest" fundings that can also be cut.
Government rarely causes a recession as long as they keep interest rates in check...and Greenspan is a brilliant man so I don't think it will happen. The main cause for recessions is the flooding of markets with cheap products. For example, the dot com boom. Everything was great for a while, but pretty soon you get to much of the same thing and the market crashes causing a recession. I can't think of a time when government directly caused a recession.
Besides, the president claims even with the new bills, he will have the budget balanced. Think positive, not so negative.
 

snailheave

Active Member
bush has claimed many things. and more than once he's proven wrong.
i tend to look at facts more and opinions less.
$200 billion is the initial cost. every new building they start, if it's below sea level, the fed will land fill the lot until it's above sea level. without going more details, i believe the cost will be north of $400 billion. and this money will come from the money fed usually gives to other states.
so the other states are basically footing the bills. this will mean a disadvantage in american investment else where, whether it's private or public. unlike occassions before, a us slow down in economy is not going to have a domino effect this time around. the world will be growing and we are stagnating.
now, only budget cutting and/or rebalancing is not going to raise enough money for this project. more debts will have to be raised. in order to do so, the fed needs to raise the rates in order to sell more bonds. raising the rates have a potential to strangle the reconstruction housing boost that might come from the tragedy. knowing that the housing boom was the main factor driving the econmy for the past few years, this can't be a good thing.
besides, it's evident that inflation is creeping up on us.
you gotta understand, market is not the economy. market is a reflection of the economy.
 

darth tang

Active Member
The only thing that may be hurt is the deficit.........maybe if his balancing act is wrong as you think it might be. Bottomline, the economy is based off of supply and demand. The demand will be for a city which will be supplied. Contractors will be hired creating the need for more jobs thus increasing monetary flow in the country. I don't see a recession happenning. If there is a demand for able body jobs and then americans will be employed and money flowing through the economy. A recession happens when no one is spending. By contracting for this rebuild we create jobs which gives people money which they inturn put into the economy.
Reagan had a huge deficit due to arms build ups...yet our economy at the end of his term was fine. We already had our recession after the tech bubble burst. Right now our economy is running off of housing.......seems to me New orleans needs houses now.
 

scubadoo

Active Member
There is a national interest to rebuild this region. many refinieries, pipelines, etc fuel this national economy. The port of New Orleans is a major hub for transporting goods . It is a very important "financial" center.
There is a "return" on the spending as many comnpanies will employ people who will pay taxes on wages..and these companies will pay taxes on profits. The money spent in this recovery/rebuilding will be turned over by the mutiplier effect .
 

snailheave

Active Member
i've already seen past the job creation and housing needs. those are too short-termed, too immediate. if you cite those, you should concern the devastating loss the insurance companies will suffer and the sugar industry there that's pretty much wiped out. those are more than cancelled out whatever reconstruction might bring.
The numbers suggest katrina will lower the projected national gdp by 0.3% from 3.3-3.4% to 3-3.1%
as far as housing is concerned. it's not as simple as supply and demand.
job growth. yeah there will be. but count on it that discretionary income will decrease.
 

scubadoo

Active Member
Originally Posted by snailheave
i've already seen past the job creation and housing needs. those are too short-termed, too immediate. if you cite those, you should concern the devastating loss the insurance companies will suffer and the sugar industry there that's pretty much wiped out. those are more than cancelled out whatever reconstruction might bring.
The numbers suggest katrina will lower the projected national gdp by 0.3% from 3.3-3.4% to 3-3.1%
as far as housing is concerned. it's not as simple as supply and demand.
job growth. yeah there will be. but count on it that discretionary income will decrease.
Insurance companies will far from suffer..........
That's a big chunk of change, and it's likely to be a record. Assuming the estimates are correct, Katrina could leave in her destructive wake larger insured losses than Sept. 11 ($20.1 billion) and Hurricane Andrew ($20.5 billion), according to Fitch Ratings analyst Donald Thorpe. But most large insurance companies are highly adaptable risk-spreading machines. As a rule, many buy reinsurance—in effect, they buy insurance on the insurance policies they sell. That offloads much of the repayment risk onto the shoulders of other companies. Insurers also move swiftly to recoup losses. In the weeks after Sept. 11, insurers jacked up premiums on policies that insured buildings against terrorism attacks. After the rash of corporate scandals, directors and officers insurance—the insurance that companies and individuals buy to indemnify top executives and directors against lawsuits—likewise went through the roof. The insurers that sustain heavy losses in Mississippi and Louisiana will respond by increasing rates for customers there—or for customers around the country, if need be. As a result, when big hits come, forward-looking stockholders generally rest easy that heavy losses sustained in one area won't recur to the same degree in the next quarter.
And although insurance companies like Allstate and its rivals project a customer-friendly image, portraying their adjustors and agents as first-responders in times of need, it's no secret that insurers are not eager to pay out on claims. Anybody who has made a home insurance claim or has health insurance knows that there are caveats, like deductibles and exclusions, embedded in insurance policies. The Wall Street Journal noted that after Hurricane Andrew, "Florida homeowners now pay steep deductibles for hurricanes—often 3% or more of a home's insured value." Another key: Most home insurance policies don't cover floods, just wind damage.
 

reefraff

Active Member
Just as long as we don't rebuild below sea level I am all for it. I just think a slow and easy approach is needed. A lot of people who left don't want to go back. I think that might not be a bad idea. Let those who are welling seek out economic opportunities in greener pastures.
 

hot883

Active Member
I'm for spending ALL that money and more on the affected states, just less money we will send to 3rd world sh.. hole countries that don't like us anyway!
 

lovethesea

Active Member
Originally Posted by ScubaDoo
money spent in this recovery/rebuilding will be turned over by the mutiplier effect .

I am not the brightest bulb in the box :help: when it comes to math or macro /micro ecomnomics.......whats the multiplier effect.
 

lovethesea

Active Member
oh, and I truely believe that there should/could be a "public works" . Many jobs can be gained by this rebuilding opportunity. A investment of local peoples time would be the best investment to make sure that it will be done right. Hopefully some won't be beating the drums in a year wanting to know where their "town or home" is. This is going to take years.
 

scubadoo

Active Member
Originally Posted by lovethesea
I am not the brightest bulb in the box :help: when it comes to math or macro /micro ecomnomics.......whats the multiplier effect.
Some economist estimate that every dollar that is apent in the market place is turned over 7 fold.
 

diane4

Member
President Bush is saying all the nice things to hear, and I do believe he means some of it. But, he is a lot of talk and I beleive our country is in big trouble, particularly financially.
Let's see if he delivers the help promised and much needed.
 

scubadoo

Active Member
Originally Posted by lovethesea
turned as a loss or profit?

The same dollar that is originally spent turns over. There are other factors such as leakage and in some industries the mutiplier effect varies. A common term used in economics. Do a google search. Put in multipleir effect and have at it researching.
 

snailheave

Active Member
Originally Posted by reefraff
Just as long as we don't rebuild below sea level I am all for it. I just think a slow and easy approach is needed. A lot of people who left don't want to go back. I think that might not be a bad idea. Let those who are welling seek out economic opportunities in greener pastures.
i believe the rebuild should be more private sector-led than goverment-led. as it stands now, the reason to go back is more sentimental than practical. with private companies lead the way, more of the good things said by some people here might happen. if the government is in charge of this? well, lousiana will just go back to the welfare state it was before katrina.
Originally Posted by diane4

President Bush is saying all the nice things to hear, and I do believe he means some of it. But, he is a lot of talk and I beleive our country is in big trouble, particularly financially.
Let's see if he delivers the help promised and much needed.
i think he's overpromised, too soon, and too rashly, as he always has. his rebuilding plans, while coming with good intent, are hastly patched together without a lot of thinking. it is a reaction move to the mounting criticizm. congress approved it because who wouldn't would be committing political career suicide.
doing things like this is impulsive and irresponsible. before katrina we had a deficit problem putting us at $300+ billion every year for a total of $4 trillion the next 10 years from all the bad policies and spendings. he won't have to suffer the consequences when the dominos start to fall. it's you and i who will feel the pain a few years from now.
a lot of you won't be able to retire because the retirement age might be raised and/or you get less benefit from social security. have you not noticed your shrinking pay checks even though the numbers stay the same?
 

cadavis7

Member
This probably won't make me a popular person but I'll say it anyways. I do feel bad for the people affected by Katrina. I cannot imagine losing family members, friends, all my material belongings all in one day.
I do not think my children, future grandchildren should have to pay the price to re-build a city that is below sea-level. The chances of something like this happening again is far to high to risk it. And what if the levee is built bigger, stronger and it isn't quite enough and here we are again.
Anyone else feel the same?
 
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