Re: [PEN-L] CBO - Katrina could cost 400,000 jobs

[Dan Scanlan]

On Sep 7, 2005, at 12:06 PM, Leigh Meyers wrote: In a preliminary report to lawmakers, the CBO said Katrina could dampen real gross domestic product growth in the second half of the year by one-half to 1 percentage point. Does this statement from the Congressional Budget Office operate from the unstated basis that the upcoming massive efforts to make people's lives whole again don't count as part of the econometrics, that unless something is produced that can be sold at profit to a capitalist it doesn't count as part of the nation's real domestic growth?