The stock market is in free fall: The Dow Jones Industrial Average has lost 675 points or almost nine percent of its value in the past two days alone, so it is likely the economy will be a big part of the debate. The execution of Troy Davis in Georgia Wednesday night will doubtless be a subject of discussion as well. On foreign policy, the Israel/Palestine issue is at the top of the stack; and funding FEMA - UH-gain - will probably be dealt with.
Another hurricane is brewing in the Atlantic and fires rage in Oklahoma and Texas. Meanwhile, all across the country, Americans are working to rebuild after spring floods, summer tornados and Hurricane Irene. Enter the federal government.
Joshua Shapiro, chief U.S. economist at MFR, Inc., delivered my favorite quote on the subject to the New York Times: “If you’re in the middle of recession, you just wander around blowing up buildings, and that would be your path to prosperity. And clearly that’s not the case. It’s not the case with a natural disaster either.”
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