[pianotech] Sandy coming ashore

Joseph Giandalone rufy at rcn.com
Wed Oct 31 07:03:04 MDT 2012


Dave,

Your criticism is frankly absurd. Massive federal spending (given high unemployment, an economy operating far under capacity, companies sitting on piles of cash, and nonexistent inflation) is exactly what is needed to stimulate a full recovery !!

Joseph


On Oct 31, 2012, at 7:19 AM, Dave Doremus wrote:

> That's frankly absurd. This storm won't get close to the damage caused by Katrina and Rita and that was certainly not a boost to the economy. In fact it led to a massive amount of criticism of the government spending money on storm recovery. This will be even worse because of the lack of flood insurance purchased in the Northeast. Recovery is going to demand more federal dollars than the Gulf Coast did. Tuners/rebuilders will not be busy until people assess housing damage and get other aspects of their life moving again. Most are going to be well underinsured and homeowners does not cover flood damage. Pianos come long after shelter.
> 
> 
> ---Dave
> New Orleans
> 
> 
> On Oct 30, 2012, at 7:40 PM, tnrwim at aol.com wrote:
> 
>> I feel very sorry for everyone effected by this storm.  But Not only are tuners going to be very busy, the silver lining of the storm is that it will have a tremendous economic boost for the entire Northeast,  if not to the whole country. It might the kick in the ass this country needed to get us going, just as WW II got us out of the depression . 
>> 
>> Wim
>> 



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