Hurricane Katrina Erases Job Gains

[tocqueville]

By TOM RAUM, Associated Press Writer
Thu Sep 8, 2:28 AM ET


WASHINGTON - Hurricane Katrina is erasing recent job gains and threatening an economic recovery that has been one of the few bright spots for President Bush.

The storm is expected to cut employment by 400,000, according to a Congressional Budget Office forecast issued Wednesday. Some private estimates have been even higher, putting potential job losses at close to 1 million.

Such projections clearly shake administration and congressional leaders. There's little they can do, short of massive public works construction projects like those of the Great Depression, to replace so many jobs.

While history suggests that New Orleans and other battered Gulf Coast communities will be rebuilt, the damage was so extensive that it poses longer-term dangers to the economy.

http://news.yahoo.com/s/ap/20050908/ap_on_go_co/katrina_lost_jobs

[Cessna Invesco Palin]

1. The important line...

There's little they can do, short of massive public works construction projects like those of the Great Depression, to replace so many jobs.

Damn straight. So fucking DO IT.

[pinniped]

2. Only this time * will send the CCC in to chop down all the trees.

.

[Cessna Invesco Palin]

3. "Clear the brush" from New Orleans, so to speak? n/t

[pinniped]

5. LOL!...I didn't take NO's geography into consideration.

No worry, * will find some nice, ripe forests somewhere for them to chop down. Timber!

[tocqueville]

6. that would be "communism"

[DoYouEverWonder]

4. This is a red herring to convince the sheeple

that hurricanes aren't profitable.

Hurricanes are big business for FEMA and the construction industry. Lots of jobs are created in the aftermath. One thing we need to make sure of is that as many of those jobs as possible go to the people of NO.

[tocqueville]

8. lots of skilled jobs under a certain period of time

not necessarily what the people in NO need or are able to do. Besides there must be a big loss in the turist industry at least for a substantial period of time

[DoYouEverWonder]

10. You try to find a hotel room with 100 miles of a disaster

they don't need tourists, they are replaced by rescue workers and people assisting in the clean up and rebuilding.

[charlie]

7. Economic recovery, pfft

How many months in these past 5 years has job growth exceeded the growth of the employment pool? Precious few, that I recall.

[bdot]

9. Dang, bad news for those who believed the lies that there was a recovery.

So now there goes all those gains they had from all the new minimum wage jobs.