Sunday, September 14, 2008
You want real economic damage?
Here's an excerpt from the Hurricane Ike saga.
Economic damage from Ike may be less than feared
By DAVID KOENIG and ELLEN SIMON, AP Business Writers
Sun Sep 14, 12:34 AM ET
A small change in Hurricane Ike's course just before it crashed into the Texas coast Saturday may have spared the state and the nation from significantly worse economic damage...
Damn! Better luck next time, newshounds. I know you were hoping for catastrophic destruction and a high body count, but they didn't happen. Darn that old Mother Nature! Oh well, we still have plenty of time left in the hurricane season.
In the meantime, reporter-folk, I suggest you put at least as much effort as you did reporting on Ike into reporting on how the American taxpayer is being forced to bail out institutions that, because of stupidity and outright venality, are fiscally and morally bankrupt. Sure, it's not as fun and glamorous as tracking a storm, mainly because it takes what many of you seem to lack, a modicum of intelligence, but its economic damage will be many times what any hurricane can muster. If you really want to report on economic damage so deep and wide that it'll hamstring America for decades, you'll find it there.