The Republican party has come up with a way to cut $929,016,000,000 from the budget over the next ten years. Basically, the plan is to to tear funds out of Medicare and Medicaid, eliminate a large chunk of foreign aid, eliminate the Corporation for Public Broadcasting, gut environmental protections, rob from the poor, sick and elderly, etc. It’s the conservative laundry list of agenda items for the last fifteen years and they’re abusing a national tragedy to push for this stuff.
Market Clearing or Price Gouging
When looking at the ongoing disaster in New Orleans, a part of the discussion has to involve already constrained oil supplies. There have been large jumps in the price of gasoline in response to the disaster, but not as a result of it. That is because the gas you buy at the pump was bought months earlier at wholly different market prices. There shouldn’t be any immediate effect, but there is.