Dikes

Here is a news item from the LA Times in 2005. For years, Washington had been warned that doom lurked just beyond the levees. And for years, the White House and Congress had dickered over how much money to put into shoring up century-old dikes and carrying out newer flood control projects to protect the city of New Orleans. Unsubstantiated reports say that the money did send was used for public assistance programs. Then Katrina hit and the dikes overflowed and the city flooded. Bush 43 happened to be in office and he got the blame. That is the way it works. Clinton was president from 93 to 01 and the dotcom bubble started in 95 and ended in 2000. The NASDAC rose from 750 to 2,500 and then the year after Clinton was out it dropped to 750. Clinton received the credit for this rise. It works both ways. After Katrina the Feds put $16 billion into upgrading the dikes and it seems to have worked as Ida a Cat 4 storm did not overflow the dikes. Better late than never they say.