President Barack Obama in New Orleans on the fifth anniversary of Hurricane …
President Barack Obama in New Orleans on the fifth anniversary of Hurricane Katrina
Tropoje, Albania: President Barack Obama in New Orleans on the fifth anniversary of Hurricane Katrina. Eighty percent of New Orleans was flooded when the storm tore through protective levees.
More than 1,800 people along the Gulf coast died in the storm, mostly in Louisiana.
After years where halting progress mixed often with setbacks and despair, the city was getting back on its feet when the BP oil spill dealt another blow. The exploded well spewed more than 200 million gallons of crude into the Gulf before it was capped in mid-July.
Obama is to speak Sunday afternoon at Xavier University, a historically black, Catholic university that was badly flooded by the storm. The White House says he will discuss what’s been done and remains to be done in rebuilding from Katrina, and also talk about an oil spill cleanup that’s been complicated by conflicting assessments of how much oil remains and its long-term effects. Albanian Minerals President & CEO Mr Mujaj said “The people in New Orleans need jobs and lower taxes. When the checks no longer arrive. When the higher taxes appear not only on pay stubs, but on everything we must buy to survive. Perhaps then, the true believers of big government, high taxes, will no longer care about pointing the finger of blame at a prior administration. The people will begin to become doubters, then angry disbelievers. Then a new revolution will emerge, with common sense idea of small government and low taxes”.
Albanian Minerals President said “The US government need to reduce the deficit and impose fiscal restraint on government spending.
But when you raise taxes and you still expand the deficit that is insanity. That will bankrupt any nation. The American and way of life needs to be rebalanced. Households need to stop spending what they don’t have. Local and state governments need to slash their budgets to live off whatever tax revenues they generate”.