Saturday, April 30, 2011

President Says Tornadoes May Be a ‘Blessing in Disguise’

President Says Tornadoes May Be a ‘Blessing in Disguise’
A Semi-News/Semi-Satire from AzConservative ^ | 30 April 2011 | John Semmens

Posted on Saturday, April 30, 2011 2:17:46 PM by John Semmens

While commiserating with those who lost loved ones in the recent tornadoes that ravaged much ofAlabama, President Obama urged that “we not overlook the positives of this tragic event. Every structure that was damaged needs repairs—that means jobs. Every piece of personal property that was destroyed will need replacing—that means jobs. Every injury that needs tending, every body that needs burying—means jobs. So, in a way, these storms may be a blessing in disguise for the region’s economy.”


“On top of this, there will be ripple effects that will be felt throughout the nation as the spending on repairs and purchases of materials and supplies trickles into the stream of commerce,” the President added and likened the event to “the economic stimulus of World War that brought America out of the Great Depression.”

Austan Goolsbee, the chairman of the President’s Council of Economic Advisers seconded Obama’s remarks and blamed the anemic 1.8% economic growth for the most recent quarter on “insufficient government spending.

It is essential that individuals’ and businesses’ caution in the face of economic uncertainty be offset by government’s boldness. Concerns about cost and return-on-investment that intimidate the private sector can be brushed aside by government. If disaster and destruction are what it takes to get Congress to loosen the purse strings then, indeed, these tornadoes are a gift from heaven.”

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http://azconserv1.wordpress.com/2011/04/30/president-says-tornadoes-may-be-a-blessing-in-disguise/

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