Juniors little "wake up call" may cost taxpayers $30 billion bucks a day

[NNN0LHI]

Bill to US economy for power outages seen in the billions

WASHINGTON (AFP) - The bill to the economy for the largest power outage in US history could run up to 30 billion dollars a day, economists estimated.

At least 54 car plants remained idle, hundreds of airliners were grounded and utility plants remained off line Friday, one day after a massive power outage struck large swaths of the eastern United States and Canada.

"Maximum impact under this scenario, in our view, is approximately 25-to-30 billion dollars a day in terms of lost gross domestic product," Merrill Lynch chief US economist David Rosenburg said.

Economists said, however, that power supplies were expected to be restored soon and thus the long-term damage to the economy should not be too crippling. Power had returned to about 50 percent of New York by late Friday.

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[karlschneider]

1. Aw shucks, it's chicken feed to all us lucky duckies after the big tax cut

:eyes:

[scarface2004]

2. doesn t really cost anything...its theoretical

if we work next two sundays we ll have it covered!!

[pw]

4. That's a mere 7 months of occupying Iraq

Of course, it probably would have cost 1% of that or less to have kept the transmission system in working order.

[LEFTofLEFT]

3. not to worry - shrub said that it was just a domestic issue

They will destroy us all if we do not stop them.

We must fight the rightwing monsters like the future is at stake.

IT IS !!!

[PATRICK]

5. the obvious scandal blacked out

That it could happen so massively IS a security issue at least. Neglect by the GOP in particular because their baby Enron got sent to the penalty box. TOTAL failure of their philosophy and their players.

Comforted? In can happen anytime and the cause is disappearing faster than a 911 file. Again, no news, no public knowledge.

This how they handle everything.

[dansolo]

6. Bush hit the quad-fecta

He now has another ready made excuse for when the economy doesn't respond to his tax cuts.