And rebuild the infrastruct, the ports, etc, that way? That analysis was pretty stupid.
Is the economics of the ports justify rebuilding them, there should be no problem floating bonds for them. The simple fact is that masssive federal bail-outs only encourage uneconomic behavior in the long run.
Ah...."infrastructure." I remember that was one of Bill Clinton's favorite words and excuses for robbing taxpayers. A few of us old fossils do not think that we should create a new Operation Rathole to subsidize people who want to live under sea level.....but, of course, our views went out with the horse and buggy, right?
And rebuild the infrastruct, the ports, etc, that way? That analysis was pretty stupid.
On the contrary, I think it was spot on. $400,000 is plenty for the families to relocate someplace that doesn't need the infrastructure rebuilt now nor every few decades.
Let commercial interests rebuild the port, and either pay for higher levees or pay to rebuild every few decades.
Zone the whole area to be limited to oil and fishery support, anybody else is there at their own risk. (Not that I like zoning, but I hate paying for somebody else's stupid risk taking.)