Obamas Head To Gulf To Back Business
(CNN)- President Obama and his family will travel to the Gulf Coast this weekend to support businesses that rely on tourists but have been devastated by the oil disaster. The family will leave Saturday morning for Panama City Beach, Florida.
"Even as the president talks about what our next steps are in our response, obviously part of this will be highlighting the tremendous economic toll that has taken place," White House spokesman Robert Gibbs told reporters earlier this week.
Visitors spent more than $34 billion in 2008 in congressional districts along the Gulf Coast, sustaining 400,000 jobs. The effects of the oil spill on the region's travel industry could last up to three years and cost up to $22.7 billion, according to an analysis conducted by Oxford Economics for the U.S. Travel Association last month.
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