Gulf Opportunity Zone

NEW ORLEANS, Louisiana, September 16, 2005 (ENS) – To help storm victims recover from the ravages of Hurricane Katrina, President George W. Bush Thursday night proposed the creation of a Gulf Opportunity Zone, encompassing the region of the disaster in Louisiana and Mississippi and Alabama. In addition, Bush proposed a lottery to distribute cost-free building lots to families from federal lands, as well as accounts of up to $5,000 to help storm victims find work.

Addressing the nation from Jackson Square in a rare section of New Orleans that is undamaged, the President said within the Gulf Opportunity Zone “we should provide immediate incentives for job-creating investment, tax relief for small businesses, incentives to companies that create jobs, and loans and loan guarantees for small businesses, including minority-owned enterprises, to get them up and running again.”

(Story.)

The good news: I have long said that once you get two blocks away from Bourbon Street and the downtown business district you’re in a Third World country. And if there’s anything Bush has shown he knows how to do, it’s create jobs in Third World Countries.

5 comments

  • Timeline issues all around
    I was watching the news last night and there was a segment that was an interview with an evacuee. The woman brought her kids up here to Rochester, while her husband, a policeman, stayed down there. Her big comments; rebuilding is great, but you can’t rebuild until you get all of the destruction out. The other comment; what she’d really like to see is a timeline of when things will actually be happening, a plan rather then just big ideas.
    As I listened, I couldn’t help but think of all the other people I have heard say they would like a timeline for Iraq.

  • Timeline issues all around
    I was watching the news last night and there was a segment that was an interview with an evacuee. The woman brought her kids up here to Rochester, while her husband, a policeman, stayed down there. Her big comments; rebuilding is great, but you can’t rebuild until you get all of the destruction out. The other comment; what she’d really like to see is a timeline of when things will actually be happening, a plan rather then just big ideas.
    As I listened, I couldn’t help but think of all the other people I have heard say they would like a timeline for Iraq.

  • Re: Timeline issues all around
    And you’ll be holding your breath on this, right?

  • Re: Timeline issues all around
    And you’ll be holding your breath on this, right?

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