False statement. Greed, graft, and government stupidity swamped New Orleans.
Another seldom reported fact these days is that Katrina floodwater did destroy various parts of the city, AND it was the rampaging hordes of BLACKS that looted, burned and destroyed many private and corporate businesses throughout Orleans Parish. It was an intentional free-for-all of violent crime, property destruction and grand larceny the likes of which our Nation has never seen before. It can only be compared to the intentional British looting and burning of Washington DC in 1814. Much like the DC area back then, there were fires, explosions and looting everywhere. And like the DC destruction, the unnecessary annihilation can be isolated down to one particular group of people rather than a societal collective.
Most of these private businesses will probably never return to the city ever again. If they left, they will probably stay where they are. I know this firsthand because I work there, and can testify that most of the corporate sector is largely avoiding that town like Bubonic Plague, and the local jocal business owners refuse to come back due to the ridiculous taxes and violent crime that is so pervasive in Orleans Parish.
The New Orleans cops are as dirty as pigs too, pun intended.
So to the New Orleans whiners out there, your government is responsible for this continued disaster as well as your own residents.
But don't come to me about it. I work full time trying to clean up that nest of vipers.