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  1. Interesting! Lets hope Obama comes out on top as a result of Hurricane Sandy! Given that he is calm under Pressure!! The GOP/Romney need to LOSE Big time!!!

  2. Greg,
    Sandy was not a surprise. For about a week, it was predicted to swing West to shore. The only issue was exactly where.

    As I have frequently written, people and their infrastructures need to move from flood-prone areas, i.e., at least 20 ft above normal sea level. This would depopulate parts of Florida and other US East Coast and Mexican Gulf areas that should never have been developed. Further development in those areas should not be allowed.

    One way is to immediately start eliminating all interest deductions and depreciation deductions from taxable incomes in those flood-prone areas on a 5-year schedule, 20%/yr. Real estate interests would howl, but so be it.

  3. Greg,
    I want to further expand on my above comment.

    Fiscal Measures to Control Development in Flood-Prone Areas:

    Regarding existing real estate, one way to encourage people to resettle is to immediately start eliminating real estate incentives on a 5-year or 10-year schedule, such as:

    - real estate mortgage interest and real estate tax deductions from taxable incomes
    - real estate depreciation deductions from taxable incomes
    - the $500,000 capital gains exclusion
    - prohibit private and government flood insurance
    - prohibit any government funding for upgrading existing and new development

    These measures would depopulate the parts of Florida, the US East Coast and the Mexican Gulf that are too low-lying and that should never have been developed. Any further development in those flood-prone areas should not be allowed.

    Note: Most of the $50 billion damage of Hurricane/Tropical Storm Sandy in 2012 would have been avoided had these measures been in effect. 

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  4. And what about the next big one. Wind, snow, trees, and wires on poles is a perfect formula for disaster. How about a WPA type project to bury the wires in Vermont. It would sure put a dent in unemployment.

    In the meantime, can Emergency Management figure out a way to rent/borrow generators for home owners. Latest estimate was $15,000 for a hard wired generator to power furnace and water pump. Many people cannot afford that. Many have no alternative source of heat to prevent pipes from freezing.

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