Letter: Hurricane Irene is no economic stimulant

Mon, Sep 12th 2011, 11:00 PM

EDITOR, The Tribune.

"A lot of shingles are down, meaning carpenters and those with skills sets are earning money. Landscaping has been impacted, so the landscapers are earning money. Truckers collecting debris are earning money" remarks businessmen Franklyn Wilson in The Tribune. "In the short run, my view is that (Hurricane) Irene is going to inject an economic stimulus."

Rubbish.

Irene destroyed wealth and property. Resources that would be used to create new wealth and new property, must now be diverted to repair and recreate old property destroyed by Irene. Where we could have had two buildings, we now have only one broken one that is being repaired. (1)

Destruction ...

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