Hurricane Irene will create a lot of new jobs on the East Coast

My friend Sharon Yeago wrote on Facebook: “I expect there will be lots of new jobs created on the east coast… a risk analyst predicts $20 billion in damages from Irene… $10 billion will be paid out in insurance claims, she says.  That’s $10 billion guaranteed base available to insureds to pay construction companies, plumbers, electricians, construction suppliers, workers for a variety of fields… I’m sure folks are already making their plans to head to the affected areas as soon as the storm clears… they always do in Florida.  Let’s not think that the big insurance companies are making these jobs… let’s remember that the insured (especially the families and small businesses) paying their premiums that will create those jobs.