February 26, 2021 ☼ texas ☼ power-failure ☼ economy ☼ deregulation
Source: POLITICO - Link
Economists estimate the total damage of winter storm Uri will exceed $100 billion, placing it on the scale of Hurricanes Harvey and Ike, the second and third most costly in recent U.S. history. The death toll, now hovering around 30 in Texas (80 across all the states hit), seems likely to more than triple to Harvey and Ike levels, too. About 1 million people in South Texas are hungry.
I predicted about a week ago that the death toll would triple. There are bodies that have not yet been found of people that have died alone of hypothermia. The expenses will continue to rise and the people of Texas will pay for their lack of leadership in the name of deregulation.