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That's how much the federal government plans to spend.
When I wrote my previous article, I hadn't thought of this, but someone has pointed out that New Orleans has a population of 500,000, and so $200 billion in aid comes to $400,000 per person.
That's $2 million for a family of 5.
Now, it's true that the $200 billion is also for people in other Gulf coast regions, so maybe it's only a paltry $1 million per family of 5.
But that doesn't count the huge volume of private donations, so it'll be a bit more than that.
As I've said before, historians have often expressed perplexity at the giddy world of 1929, wondering how so many investors, politicians, journalists and analysts could have been so wrong and could have done one really dumb thing after another, leading to the huge stock market crash of 1929.
Well, now we know. During generational transition periods into full generational crisis, everyone becomes incredibly stupid. There's no one left in the generations that remember what happened the last time, so they just do anything that feels good. So we're going to spend $2 million in aid per family, and there's barely a peep being heard in protest.
Please note that I'm not singling any one person out, nor am I singling out either the Republicans or the Democrats. And I'm not singling out just politicians, since I'm including journalists, pundits, investors, financiers, and high-priced analysts. I'm saying that they've all turned into morons - the whole bunch of them. There's nothing so stupid that they won't support, as long as it involves spending money.
It's very hard to see that this can go on too much longer.
(16-Sep-05)
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