I will have to go all in with the oil spill. Katrina was an isolated incident with estimable figures. This oil spill is still a mystery and it’s effects are still unknown. We don’t know who, how, or how long the effects will last. We just know that it will be bad.
Anyone care to add?
I think we will end up spending more on Katrina because the effects are easier to see (destroyed homes, unemployment, crime), whereas the effects of the gulf oil spill are less visible, especially now. Therefore, the effects of the oil spill are easier to ignore.
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