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Forum Post: Capitalism Strikes Back

Posted 9 months ago on Sept. 29, 2013, 12:29 a.m. EST by grimwomyn (35) from New York, NY
This content is user submitted and not an official statement

Via CBS News ~ Next Tuesday, people who own homes in flood-prone communities could see their flood insurance rates surge -- in some cases by 1,000 percent. It's all because of a new federal law aimed at keeping FEMA afloat.

7 Comments

7 Comments


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[-] 2 points by ZenDog (13470) from South Burlington, VT 9 months ago

I went to CBS and read their blurb. I should watch the video, its obvious there is information that has been left out of the report. For example, I believe the intent was to force people to either raise their reconstruction by at least ten feet using pilings as stilts, or relocate.

There are two pics in this article that illustrate the survivability of a stilt house - but I'm sure that is only true so long as the storm surge stays below the main building.

Here's one from Texas

The sea is rising. The fukers are dreaming if they think it will stay under 5 feet by 2100. That's my opinion. But lets say it rises only half way. 2.5 feet. Add 2.5 feet of water on top of Sandy's storm surge.

That's a lot of water.

The proportion of the population living near the coast is amazing when you examine it.

Cuomo wants to buy out Sandy victims and that is probably the best plan if we can raise the money - my bet is this is just a different approach to that issue.

.

But there is no question - people who have spent all their lives living within a stone's trow of the beach are not going to be happy no matter what. I don't blame them. But the sea levels are coming up, above where they are now, storms will get more intense. That is just how it is.

It would be great if we could give each home owner a hug and say - this is how it is. At some point we cannot bail out 40 million people who have lost their homes. Not and hand them fair value for all they have lost.

I don't think it's possible. Unless we can tax the oil man.

[-] 1 points by windyacres (1002) 9 months ago

Flood insurance has been subsidized for decades, it needs to be phased out so people will choose more wisely where to buy a home.

Do we still subsidize tobacco farmers? I know we have until recently, the height of hypocrisy.

[-] -1 points by nazihunter (319) 9 months ago

Capitalism worked forty years ago. The boomer generation did NOTHING as each and every check and balance was removed. Now it's a complete failure. Even working against the majority--the true measure of TOTAL failure. So, give your parents the blame and wipe it out completely.

[-] 1 points by ZenDog (13470) from South Burlington, VT 9 months ago

you know you are insane. you know that, right? Conservatives were crying when FDR instituted various jobs programs - which the nation still benefits from today.

Still.

Today.

And the fukers are still crying. They are just far more organized.

[-] 0 points by nazihunter (319) 9 months ago

Of course I'm insane. I'm using the asylum's computer to type this response! Thank God for FDR, sir. But, the stats show an ever progressing reversal ever since. From the 60s to the present, we went from the top of the industrialized nations to the bottom, in everything. Today, as I watched Bob Scheifer talking on the tube, All I could think of was how he should have been retired 20 years ago along with his news of the shutdown. Failure. Our corporate-beholden government is a failure, and they are the reason. We have no more protections. Time is running out.

[-] 2 points by ZenDog (13470) from South Burlington, VT 9 months ago

I am so glad to finally have discovered yet another enlightened one among the masses . . . but you missed one very important point:

[-] 1 points by nazihunter (319) 9 months ago

Yes. The media is not responsible-they are irresponsible! If I want to be a writer for the Times, my resume will say-'Notable Experience: I have often been irresponsible....when I was four!