Katrina: Recession or Depression
It is obvious that Katrina will cost hundreds of billions of dollars in order to recover plus it is quite likely New Orleans will cease to be a city since most refugees will probably not return. 9-11 caused a recession in the U.S. Katrina could cause a depression if the senario isn't handled well.
What is scary is how inept Bush is. Does his team of power hungry kleptocrats have the will to truly help?
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Make Levees, Not War
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