is Sandy good for the economy? [View all]

[trailmonkee]

I am not an economist in the slightest.... But i do know that a lot of work was had in my Colorado neighborhood after we were hit by a destructive hail storm.... Seemed like there were a lot of insurance dollars released into the community.... And those that didn't have insurance had to replace their roofs by pulling cash that would have been left untouched if it weren't for the storm.

Obviously, on a much grander scale, wouldn't the same thing be true as a result of Sandy? Mostly by banked dollars being released into the economy via insurance companies and individuals? Also through additional labor needed to repair, replace and rebuild?