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Krugman on Bush: "The Promiser in Chief"

Leftie icon Paul Krugman offers this (also partially here):

[...comparison with Iraq rebuilding...]
...One FEMA program has, however, been revamped. The Recovery Channel is a satellite and Internet network that used to provide practical information to disaster victims. Now it features public relations segments telling viewers what a great job FEMA and the Bush administration are doing.
But back to reconstruction. By letting the gulf region languish, Mr. Bush is allowing a window of opportunity to close, just as he did in Iraq.
To see why, you need to understand a point emphasized by that report in The Los Angeles Times: the private sector can't rebuild the region on its own. The reason goes beyond the need for flood protection and basic infrastructure, which only the government can provide. Rebuilding is also blocked by a vicious circle of uncertainty. Business owners are reluctant to return to the gulf region because they aren't sure whether their customers and workers will return, too. And families are reluctant to return because they aren't sure whether businesses will be there to provide jobs and basic amenities.
A credible reconstruction plan could turn that vicious circle into a virtuous circle, in which everyone expects a regional recovery and, by acting on that expectation, helps that recovery come to pass. But as the months go by with no plan and no money, businesses and families will make permanent decisions to relocate elsewhere, and the loss of faith in a gulf region recovery will become a self-fulfilling prophecy.
Funny, isn't it? Back during the 2000 campaign Mr. Bush promised to avoid "nation building." And so he has. He failed to rebuild Iraq because he waited too long to get started. And now he's doing the same thing here at home.

"Relocating elsewhere" might indeed be part of the Bush "plan", or at least a happy side-effect of the Bush non-plan.
However, the Dems have no plan either, so, as usual, America is caught between two corrupt and incompetent parties.