Moody's warns oil spill impact on Florida could be worse than recession

[Dappleganger]

Source: St. Petersburg Times

A Moody's report released Tuesday on the potential impact of the oil spill on Florida warns it could hurt the state on a major scale.

"The state's high dependence on tourism dollars and jobs is significant and a gradually worsening disaster associated with any part of Florida's 1,197 coastline miles could likely have long-term implications even greater than the recent global recession or Hurricane Ivan in 2004," said Moody's Investor Service analyst and senior credit officer Edith Behr.

In effect, the impact could simulate a double dip to the economy in a state already struggling more than most to emerge from one of the country's worst recessions.

Read more: http://www.tampabay.com/news/business/economicdevelopment/article1095824.ece

---

Great, just what our dilapidated state needs at this time. :(

[HockeyMom]

1. Why the news is reporting

those aren't Tar Balls washing up on Florida beaches. Only place immune from all this will be Orlando far, far away from the coasts and beaches.

[ixion]

2. Orlando will be affected

All of Florida is going to suffer from this. :(

[Downwinder]

3. Thats OK, the RNC will pull you through.

[southernyankeebelle]

4. WELL NOW FL, HOW IS THAT DRILL BABY DRILL WORKING FOR YA NOW? KEEP

TAKING THE PALIN TRAIN TO NOWHERE.

[Dappleganger]

5. We don't have off-shore drilling yet.

Gov. Crist has put a hold on everything and wants an amendment to ban it.

This disaster has just proven that it would be the worst decision for our state, ever.

[CountAllVotes]

7. drill baby drill has become ...

BURN BABY BURN!! :grr: :grr: :grr: :grr: :nuke:

[ConcernedCanuk]

6. I visited Florida in the late 70's - do they still give you Orange Juice when you cross the border?

.
.
.

Hate to think that it could soon be tar-balls

(sigh)

[alphafemale]

8. At the state line welcome center on I-95 they do.

Little tiny cup. But, yeah it is kind of nice anyway.

[ConcernedCanuk]

9. yup - it was tiny - but nice just the same.

.
.
.

[Doctor_J]

10. I am sure Jeb will figure out a way to make a ton of money off it

The Bush Crime Family has all of the bases covered.

[Lorien]

11. Jeb is no longer the Governor here.

But I do suspect that an effort to find a way for corporations to profit is hindering efforts to stop and clean up the gusher.

[florida08]

12. damn

Wall Streeters will have fun betting on our demise

[postulater]

13. I went to Florida. Best thing was the Roseate Spoonbill. (I like birds.)

[lostnfound]

14. I have a photo of a flock of them, in flight, background is all blue sky

Taken at Myakka park while canoeing with the alligators.
If you want another best thing in Florida, check out the Ichetucknee river..

[Dappleganger]

15. There's nothing better than to get up early in the middle of the summer

to float down the icy Ichetucknee! Whenever we have exchange students we always take them and we have so much fun.

[XemaSab]

16. I had excellent birds in Florida

Brown Noddy, Snail Kite, Limpkin, Purple Gallinule, White-crowned Pigeon, Frigatebird... and so many more.

This oil spill is a HUGE bummer. :(

[postulater]

17. I'll have to get out my Sibley's to see those.

:-)