Do What It Takes
President Bush stood in Jackson Square on September 15, 2005 and proclaimed that he would "do what it takes" to make New Orleans rise again. Yet almost five months later that doesn’t seem to be the case. In a story in the Washington Post, we learn:
With the onset of the hurricane season just four months away, there is no agreement on how to rebuild New Orleans, how to pay for that effort or even who is leading the cross-governmental partnership, according to elected leaders. While there is money to restore the city’s flood defenses to protect against another Category 3 hurricane, it remains unclear whether merely reinforcing the levees will be enough to draw residents back.
New strains emerged this week when Bush aides rejected a plan by Rep. Richard H. Baker (R-La.) to set up a government corporation that would buy back the mortgages of storm-damaged homes around New Orleans. Instead, the government limited the use of $6.2 billion in grants to the rebuilding of 20,000 homes destroyed outside federally insured flood zones.
Dismayed state and local officials said the president’s approach does not provide help for an additional 185,000 destroyed homes. They warned that the federal government’s halting recovery effort is undermining, at a critical juncture, the confidence of homeowners, insurers and investors about returning.
"They gave us a ladder to reach all of our housing needs, but the top rungs are missing," Louisiana Gov. Kathleen Babineaux Blanco (D) said in statement from Baton Rouge. "You can’t fix a $12 billion problem with $6 billion."
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