Prepare for another Bush disaster

In his address to the nation last night, President Bush promised a massive rebuilding effort that will make New Orleans and the entire Gulf Coast even better than it was before Katrina. Sounds expensive but wonderful, doesn't it?

Well, it will be expensive, but it won't be wonderful. In his column in today's NY Times, Paul Krugman says, "There's every reason to believe the reconstruction of the Gulf Coast, like the failed reconstruction of Iraq, will be deeply marred by cronyism and corruption."

Considering that Krugman's previous predictions have proven nearly 100% accurate, there's every reason to believe that Bush's "New Deal" for the Gulf Coast will be every bit as disastrous as Operation Iraqi "Freedom."

We hate to sound like the pessimists we are, but in the interest of realism, we think it's best to prepare for the worst. Either that, or impeach Bush before he can get his hands on this one.

http://www.nytimes.com/2005/09/16/opinion/16krugman.html