So CNBC just told me that the Japan quake will be good for its economy.

[trumad]

Schmucks!

[ananda]

1. Idiots.

nt

[yourout]

2. Death and carnage.......good for the economy?

What a yuts.

[RevStPatrick]

5. Unfortunately, death and carnage IS good for the economy.

That's why disaster capitalism is in vogue these days.

[snot]

17. I don't believe it. It's a profit opportunity for a few; but you're spending merely to replace

what was lost; the result has to be a net loss.

[gateley]

3. That'll be a relief to those whose loved ones were killed. nt

[RUMMYisFROSTED]

4. That channel will rot your brain.

[SheilaT]

6. They're undobtedly thinking about the rebuilding.

The same thing was said after Hurricane Katrina. There is truth in that statement. It does not take into account the loss of life or the insurance claims that will need to be paid out.

[godai]

12. Japan's debt situation is already worse than the US.

Not sure how the money to be spent will help their deficit situation. If it's that easy, the US should spend another Trillion $ or so.

What a morbid topic to be discussing now. I just watched a video (NHKWorld) showing a town of 70,000 people that is completely gone. Hopefully, many residents had time to leave.

[Scuba]

7. Makes sense based on Republican policy....

[lunatica]

8. This sort of thing is called a great day in the Stock Market

Imagine the stock value skyrocketing for backhoes and other heavy machinery used to move massive debris. It'll be great for the construction material building companies too.

That something I never forget about the stock market. they do well when people get killed in wars.

[Hannah Bell]

9. fuck these lizards. fuck them. why do they have jobs, the fucking idiots.

[Maru Kitteh]

10. Well, money IS the ONLY thing that matters.

assholes.

[Bandit]

11. Maybe they should double down and declare War on someone

Everyone knows War is good for the economy....:crazy: not.

[Populist_Prole]

13. GDP's are a flawed metric for economic health.

Measuring money basically flying around and changing hands is a much too a parochial way to think of "the economy"

By the same definition, I could see the corporate/financial media thinking a cure for cancer would be worse than having no cure, since cancer treatment may be more conducive to economic activity than the cure itself.

What a bunch of parasites.

[jwirr]

14. One very sad fact about growth figures is that they do count disasters

as well as good growth. Isn't that what Klein means by disaster capital? As an example the clean up after 9/11 was considered growth because it provided work.

[neverforget]

15. I caught about 3 minutes of Scarborough on MSNBC this morning

and my jaw hit the floor. Joe was talking with Erin Burnett and how this affects the stock markets. The ground had barely stopped shaking and all they could think about was money. Soulless fucks.

[walldude]

16. That's how you think when money is your God...

This is the same channel that cried when we wanted to add 3% to the taxes of people who make $250,000 a year but are angry at the overpaid underworked teachers who make $40K...

[Lint Head]

18. The Shock Doctrine