Krugman:

Last September President Bush stood in New Orleans, where the lights had just come on for the first time since Katrina struck, and promised “one of the largest reconstruction efforts the world has ever seen.” Then he left, and the lights went out again.

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What happened next was a replay of what happened after Mr. Bush asked Congress to allocate $18 billion for Iraqi reconstruction. In the months that followed, congressmen who visited Iraq returned with glowing accounts of all the wonderful things we were doing there, like repainting schools and, um, repainting schools.

But when the Coalition Provisional Authority, which was running Iraq, closed up shop nine months later, it turned out that only 2 percent of the $18 billion had been spent, and only a handful of the projects that were supposed to have been financed with that money had even been started. In the end, America failed to deliver even the most basic repair of Iraq’s infrastructure; today, Baghdad gets less than seven hours of electricity a day.

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And so it is along our own Gulf Coast.

 

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