Reply #39: "Chopper" Ben Opens Piehole and LIES to the World [View All]

[UpInArms]

White House's Bernanke: Katrina impact to be modest

http://www.marketwatch.com/news/newsfinder/pulseone.asp?dateid=38595.4285717708-841030124&siteID=mktw&scid=0&doctype=806&

WASHINGTON (MarketWatch) -- The economic impact of Hurricane Katrina is likely to be modest as long as damage to the energy infrastructure is temporary, said top White House economic adviser Ben Bernanke in an interview with CNBC business network on Wednesday. "I expect it's going to be absorbed easily," Bernanke said of the temporary rise in energy prices. The White House is expected to announce later Wednesday the details of a release of crude oil from the government's strategic petroleum reserve to alleviate spot shortages.

Since when did $30 BILLION become "modest"?