Detailed text transcripts for TV channel - FOXNEWS - 20110428:16:27:00
Seeing such terrible storms in so many states. is there an economic effect we can look at or consider while -- >> well, definitely a short-term economic effect. clearly, you know, power outages and this destruction kind of interrupts regular economic activity, forestalls hiring and probably puts a damper, initially, on consumer spending in those affected areas. usually, though, these are not long-lasting effects. obviously, you're going to have some funneling of money for reconstruction. typically, it's kind of a stutter step in terms of the economic growth path. it's not something that really...
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