this is the real life

Saturday, September 03, 2005

The financial impact of Hurricane Katrina may not be as bad as US officials feared.

Treasury Secretary John Snow and Federal Reserve Chairman Alan Greenspan said in a recent interview that the impact of Hurricane Katrina would not have a significant long-term effect on the US economy, although growth would be slowed for a short period.
Much of the pressure on oil supplies has been relieved by the release of 60m barrels from emergency supplies.
Major towns and cities in the Mississippi area lie in ruins, dozens of oil rigs and refineries have been damaged, and some experts have put a price tag of $100 billion on the hurricane.
Hurricane Katrina has been one of the major natural disasters the United States of America has faced in its recent history. Thousands of people are feared dead and entire cities have been completely destroyed.

Victims of the hurricane are clearly unhappy about the way President Bush has handled the situation. It took several days for the first relief troops to arrive to the area. Many believe the wars going on overseas have obviously debilitated the army’s capacity to respond to this kind of emergencies. Where was the National Guard? The National Guard was off in Iraq protecting the precious oil that will be exported to the US later at gold prices.

As I recall the day of the hurricane President Bush was still making speeches about Iraq and added some reference to Katrina as a sort of footnote.

But, after all, who cares about the dead? They were poor. The country has obviously more important problems to deal with, like oil prices.

Well done President Bush, you who spent millions of dollars in the search of inexistent weapons of mass destruction wouldn’t take appropriate measures to save the people who voted for you.


Post a Comment

<< Home


View My Stats