Region Hit Hard By 1993 Floods Showed Economic Resiliency, Study Indicates (compare New Orleans)

Science Daily ^ | July 28, 2008 | Staff

[fightinJAG]

ScienceDaily (July 28, 2008) — With the first wave of clean-up efforts behind them, residents of communities affected by this year’s Midwest floods may find hope in a University of Illinois study on the economic impact of the 1993 flood that devastated much of the same region.

[snip]

Despite having the distinction of being the costliest U.S. flood of the 20th century – resulting in $20 billion in economic losses – the 1993 flood “caused very minimal or only temporary negative economic impacts in the year of the event, measured by gross domestic product, the unemployment rate and the number of businesses,” Xiao said. “Two years after the event, there were no discernable aggregate effects on these economic indicators at the regional, state and county levels.”

And amid all the mud, muck and destruction, there were even a few silver linings.

[econjack]

Hmmm...you don't suppose that inept and corrupt leadership in New Orleans could have anything to do with it, do you? Or perhaps it's more difficult to reconstruct a city with chocolate than when you're using bricks and mortar.

[Redleg Duke]

I would suspect that the attitude of the residents had a lot to do with the outcome. If you fully intend to be a success, you will rebuild and build better. If your goal is to “milk da man”, the opposite will happen.

[johnny7]

“Two years after the event, there were no discernable aggregate effects on these economic indicators at the regional, state and county levels.”

And yet in 2008... Katrina/NOLA is one of the DNC/DBM's scam, talking points.

[Liberty 275]

People of the midwestt are like me. If my house was flooded, destryed by ferocious wind of fire, I would return and begin rebuilding with my two hands instead of waiting for some goverment agency to care for me and my home like I’m a helpless child.

When you come to rely on the government to provide for your needs, you reap what you have sewn when calamity strikes because you have subverted your own liberty and forgetton how to take personal responsibility for your family and your property.

I have no pity for those latched onto the government teet in NOLA. None at all.