Three watchdog groups, including two in New York that monitored the post-9/11 reconstruction of Lower Manhattan, today cautioned Gulf Coast leaders and members of Congress that they “should closely monitor the design of Hurricane Katrina aid packages so that low- and moderate-income people, unemployed workers, and small businesses are treated fairly.” In New York, the groups warn, much of the $20 billion allocated for economic development has benefited real estate developers and wealthy neighborhoods.
(Larry Downing / Reuters) In a photo from earlier today, it’s evident that Mayor Nagin is not impressed.
The Daily Nightly has a pre-released exerpts of Bush’s speech tonight, here. ThinkProgress has the right wing’s talking points for the speech here. Here’s the first pre-speech criticism from the Newswires: Former Democratic Whip David Bonior’s Statement on President Bush’s Plans to Lock Poverty into Gulf Coast’s Recovery WASHINGTON, Sept. 15 /U.S. Newswire/ — Following is a statement from former Democratic Whip David Bonior: “Whatever apologies and promises the President makes publicly tonight, we know to whom he’s pledged his allegiance behind closed doors: Big business.
Summary of the Snowe-Kerry-Vitter-Landrieu Small Business Hurricane Katrina Disaster Relief Amendment (S.Amdt. 1717) Changes to original Kerry-Landrieu proposal in parentheses Deferred Payments on SBA Disaster Loans: Disaster loan borrowers –homeowners or businesses — would have a one-year period after receiving a disaster loan before they would need to begin making interest and principal payments on the loan — as we did for 9-11 victims. (Reduced from two-year period) Refinancing of Existing Disaster Loans and Business Debt: Many small businesses in the Hurricane Katrina disaster zone are paying off existing disaster loans or other business debt. This provision would allow these debts to be refinanced under the disaster loan program to help businesses consolidate and reduce debt with low-interest loans. Extension … Continue reading
A successful day for Senator Kerry in the Senate today, with more news of Kerry legislation passing today. See my previous post on John Kerry’s Relief Package for Small Businesses Devastated By Hurricane Katrina passing in the Senate today, as well. WASHINGTON – Today the Senate passed legislation proposed by Senator John Kerry (D – Mass.) that will provide financial support to National Guard and Reservists through immediate tax relief to their employers affected by Hurricane Katrina. The provision is a modified version of a key part of Kerry’s Military Family Bill of Rights and was included in the tax package that passed the Senate today. It provides a tax credit to employers in the Gulf Coast impacted by Katrina … Continue reading
The Kerry Plan is First Hurricane-Relief Focused on Gulf Coast Small Business. A key provision will provide Nationwide Disaster Loans to cope with High Gas Prices. WASHINGTON — With estimates of more than 400,000 jobs lost and 200,000 small business hurt by Hurricane Katrina, the Senate today passed a package of emergency economic aid and federal assistance for small businesses and others reeling from the destruction in the Gulf Coast. The bipartisan amendment was offered today by Sens. John F. Kerry (D-Mass.), Mary L. Landrieu (D-La.), Olympia J. Snowe (R-Maine), and David Vitter (R-La). It was authored by Kerry, who authored a similar assistance package for small businesses recovering in the wake of the September 11 terrorist attacks. Kerry is … Continue reading
Schumer continued: “I don’t think any of us expected you to answer every question or give us the answer the way we wanted.
“But we did hope that you would answer enough questions with enough specificity so that we and the American people would get a clear picture of the kind of chief justice you will be — not just rely on your assurances.” Continue reading
Dan Wasserman – September 15, 2005 The question of the day… Will Bush’s speech tonight pull up his poll numbers? Like a man without a lifeline, Bush took “responsibility” for failures in dealing with Hurricane Katrina on Tuesday. The White House hopes that Bush’s acceptance of responsibility and the commitment to rebuilding the devastated Gulf region, will help restore the public’s faith in his leadership. But, many, including members of the GOP, have said he should have given the kind of speech he is giving tonight, soon after the hurricane made landfall along the coast on Aug. 29. As usual, Bush seems to be a day late and a dollar short (or billions of dollars, I should say). Answering my … Continue reading