|
COPYRIGHT 2005 Voxant Inc.
Original Source: CNBC/DOW JONES BUSINESS VIDEO ANALYST INTERVIEW
BILL GRIFFETH, CNBC ANCHOR: To today`s "Hot Topic," are disasters political events? That`s something that former FEMA director James Lee Witt said famously almost 10 years ago. Russ Sobel is professor of economics at West Virginia University. Tom Garrett is an economist at Federal Reserve Bank of St. Louis. They conducted a study along those lines going back to 1991. Also, with us today is David Wessel, deputy Washington bureau chief at "The Wall Street Journal."
Gentlemen, thank you for joining us today.
RUSSELL SOBEL, PROFESSOR OF ECONOMICS, WEST VIRGINIA UNIVERSITY: Good afternoon.
THOMAS GARRETT, ECONOMIST, FEDERAL RESERVE BANK: Good afternoon.
GRIFFETH: What you found in your study over a nine year period, essentially, to paraphrase is that more disasters are declared in election years and in states that are important to whoever`s in power at that time. Is that pretty accurate, Mr. Sobel?
SOBEL: Yes, that`s accurate. We looked at two aspects of the disaster process, one was the declarations of the disaster, the presidential declarations, and we found that those definitely were higher in presidential election years and that the states most important to the...
Read the full article for free courtesy of your local library.
|
Bookmark this article
Print this article
Link to this article
Email this article
Digg It!
Add to del.icio.us
RSS
