Why Rebuild New Orleans?

Bush's new New Deal is a bad deal.

First, why build a city that's below sea level? We're just asking for this all to happen again. We're not even certain that we have the technology to build levees to withstand a category 5 hurricane. It's a complete waste of money to rebuild the area. Hurricanes affect New Orleans every 3-4 years, and a direct hit occurs just over every 10 years. Link.

Second, it'll take 10 years to restore the wetlands. No wetlands means an increased risk of flooding. Link.

Third, hundreds of billions will be dumped on the area via federal spending, charity, and insurance payouts. Unlike higher energy prices which take money out of the economy, this spending is inflationary because it puts money into the economy. I wouldn't be surprised if Greenspan and the Federal Reserve continue to tighten the economic screws, worried that there will be way too much money being dumped on the economy. (First hint will come on September 20th, when the Fed meets!)

Fourth, many of those folks have relocated and are starting new lives. Let them do that, instead of going back to hurricane alley.

Finaly, there seems to be no plan on how to pay for this government spending. Taxes won't be raised. Supposedly, spending will be cut somewhere else, but President Bush has been the kind of big spender only a Democrat could love!

I think that's why the GOP base is a little upset: George Bush is a Democrat. And the Democrats are even worse. Fiscal conservatism is dead.

Instead of spending hundreds of billions to set us up for another disaster, why not give some aid to the folks that have had to relocate, and be done with it?