[pianotech] Sandy's impact on our business

[David Love]

Not quite so simple.  While there will be a boost in construction related
industries in the rebuilding of that area, remember that there are a large
group of people out of work, not collection paychecks, not paying taxes and
who are receiving government assistance during their time of need.   Some of
those situations may drag on for years.   When added all together, the
overall economic impact is generally a negative, not a positive, as it was
with Katrina.  

 

David Love

www.davidlovepianos.com

 

From: pianotech-bounces at ptg.org [mailto:pianotech-bounces at ptg.org] On Behalf
Of tnrwim at aol.com
Sent: Sunday, November 25, 2012 7:01 PM
To: pianotech at ptg.org
Subject: Re: [pianotech] Sandy's impact on our business

 

Susan

 

Neither of us are economist, by a long shot, so I can't defend your point of
view. All I can go by is what economists say. 

 

"Reconstruction and related purchases and hiring may range from $140 billion
to $240 billion and increase U.S. economic growth by 0.5 percentage point
next year, assuming $50 billion in losses, according to Economic Outlook
Group LLC, a Princeton, New Jersey-based forecasting firm."

 

Wim 

 

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