First of all, it has been FOUR F****** YEARS so I don't think the MSM should be crowing about this "success."
Then consider what the success is based on (from their own galling mouths):
"Many chronically unemployable locals moved away for good, keeping the unemployment rate low.... The destruction of so much housing has had one upside: the diminished supply and a growing demand have spared New Orleanians from the wealth-destruction that has buffeted the rest of the country"
Kinda makes the death and destruction worth it, doesn't it, New Orleanians?
I guess BUSH and BROWNIE did you a FAVOR!!!!!
See what I mean about the INSULTS of the BOSTON GLOBE?
Tell it to the people who LOST THEIR HOMES FOREVER, Globe!!!!!
Btw, Who Remembers Ike?
"New Orleans economy dodges effects of the global recession" by Richard Fausset, Los Angeles Times | April 5, 2009
NEW ORLEANS - .... The old cankers of crime, low wages, and corruption are still festering, more than 68,000 homes are vacant - most of which have been moldering since the flood of August 2005.
But some aspects of New Orleans's "new normal" have resulted in an enviable economic picture when compared with the broader global meltdown.
This is MAKING ME SICK, readers! It is as if the MSM is POURING N.O. SEWAGE into your mouth!
Many chronically unemployable locals moved away for good, keeping the unemployment rate low.... Perhaps most importantly, the federal government has allocated $34.5 billion in rebuilding aid for the state, with $19 billion of that amount still to be spent, according to the Louisiana Recovery Authority. And that doesn't include the $3.8 billion the state will receive under the federal stimulus plan.
One wonders WHY there is ANY MONEY LEFT at all, after FOUR YEARS when the place is still not rebuilt (and never will be; that's why the globalist govrnment let it be smashed)!!!
Here is something else you (and the MSM) may have forgotten:
Yeah, but they are here to help!
The recovery dollars are currently paying for projects large and small - including an $800 million replacement of the damaged "twin span" bridges over Lake Pontchartrain and thousands of homes being fixed under the state-administered Road Home program. The Army Corps of Engineers continues to use contractors to strengthen the levee system. And in working-class neighborhoods like the Ninth Ward, laborers are still pounding away on small-scale renovations.
"Katrina was a horrible nightmare, but the reality is that for the construction industry, it's been a blessing," said Theresa Leger, a vice president of Landis Construction Co., a local firm that has remained busy since the hurricane.
And CUI BONO, 'eh?
While nationwide construction employment fell more than 10.2 percent in January, in New Orleans it jumped 5 percent. Construction jobs have dipped a little since then, according to the state workforce commission, but economists say the building industry will likely buoy the New Orleans economy for years - especially given the $19 billion of federal reconstruction money that remains unspent.
Oh, JOBS HAVE DIPPED, huh? And WHY SHOULD we believe what ECONOMISTS SAY? They are right about as often as the weatherman.
The delay in spending that money can be attributed, at least in part, to bureaucratic infighting and ineptitude.
But we all gotta come together and pull together. Ever get sick of having that shit shoived down your throat by a hypocritical government?
Ironically, those same delays could end up helping the city now, said Ivan Miestovich, director of the Institute for Economic Development and Real Estate Research at the University of New Orleans. "That $19 billion is going to keep a lot of people in the construction industry and related fields working, and maybe help us ride out the worst effects of a prolonged recession at the national and global level," he said.
In the days and months after the flood, contractors from around the country poured into New Orleans to take part in the recovery. More recently, a second wave of workers has arrived: those who are fleeing the moribund construction business in their hometowns.... Roger Charboneau, 50, had been an independent builder in central Florida until the housing bust dried up his prospects. He and his wife were initially wary to move: They imagined New Orleans in ruins.
When they arrived, they were pleased to discover that swaths of the city were back to normal - just in need of builders like him.
Yup, STRIPS of the city are in okay shape so EVERYTHING is GREAT!!
Isn't that the TONE of this PROP PIECE?
Nothing like the SMELL of SHIT in the MORNING!!!!!
The destruction of so much housing has had one upside: the diminished supply and a growing demand have spared New Orleanians from the wealth-destruction that has buffeted the rest of the country....
I really can't take much more, folks.