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Wednesday, September 14, 2005

More good news from the Gulf ports 

By TigerHawk at 9/14/2005 10:29:00 AM
It seems that not only were the initial casualty estimates grossly inflated, but predictions that the Port of New Orleans would not recover for six months were profoundly wrong. The Port of New Orleans unloaded cargo yesterday, "months sooner than was predicted, a sign that disruption to the nation's shipping capacity may be less severe than originally forecast." This is huge, because the fall harvest is upon us and we need to get our grain out of the country and South America's coffee and Asia's steel in. New Orleans should be at 80 percent within three months -- perhaps that estimate is also conservative -- and the Port of Southern Louisiana is supposed to be up and running by early October. This is very bullish for the economy, measured against estimates of two weeks ago.

When the dust settles, somebody is going to write a blog post that sets the MSM's early predictions of catastrophe against the reality of the recovery. FEMA and the other agencies tried and convicted in the court of public opinion will look a lot more effective in hindsight, and the MSM will be revealed to have exploited the tragedy with sensational accusations that had the effect, intended or otherwise, of boosting circulation and audience.

CWCID: Tom Kirkendall.

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2 Comments:

By Blogger cakreiz, at Wed Sep 14, 11:25:00 AM:

You mean, we'll SURVIVE??? Here's a short example of the kind of hysterical media coverage that drives me batty, from newsweek/msn: "it is likely that Katrina's lingering reverberations will alter the makeup of the nation's mind far more than 9/11 did." HUH?  

By Anonymous Anonymous, at Fri Sep 16, 08:59:00 AM:

Hava a little faith people. The USA is the champion when it comes to disaster relief and rebuilding devastated areas. Look what we are doing in Iraq and Afaghanistan today. Goodness, we practically rebuilt all of Europe and Japan after WWII. Compared to those efforts, reconstructing the gulf coast is a stroll in the park.  

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