In the long term financial well being will be recovered. However, for the next year, we have an area as big as the UK full of people without homes and jobs.
The financial crunch will come from the oil refineries and barges which carry that oil around to our ports....aren't in operation. When fuel is expensive and not in great supply...it will greatly effect every area of our economy and the world's economy.
* A lack of goods produce a lack of sales and people get layed off. Also, the good which ARE available will now be more expensive.
* Airlines not running or too expensive to ride on produces mass lay offs.
* Insurance companies having all these massive payouts will result in higher insurance premiums for everyone who has homeowners insurance.
* Farm lands not having enough gas can produce food shortages.
* Paying all these people who aren't able to work right now and have to get on unemployment is a major financial strain.
* The emotional despair alone calls for a great amount of funding for therapy resources which someone will have to pay for.
* Who is paying for the food, shelter and military resources being needed right now? Our taxes. 10.5 billion dollars is ALOT of money.
* The area effected here is one of our major seaports which brings goods and fuel up the Mississippi River. They are not running. It's a BIG deal.
(Those are just a few.)
The rich will always find a way to make more. They are a small percentage though. In the middle are alot of hard working people who's lives have been more than disrupted. For them, and the lower income or no income at all, they will pay and pay for years to come.
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