An article at Newsweek "Lessons from Katrina " shows that even basic safety hasn't been dealt with in the floodplains of another Katrina style hurricane hit, and other that has kept other rebuilding from being completed.
Then again, supposed protections built after the 93 floods which allowed homeowners to drop flood insurance as reported by AP report at Yahoo News weren't adequate for the current 100 year (to 500 year in places) flood (second 100 year flood in 15 years) leaving many families without a private bailout to add to the crust of bread that government will offer.
We surely need that three trillion we're likely to end up dumping on the war on Iraq for rebuilding and restoring infrastructure here at home to mitigate, not only our natural disasters, but also three decades of infrastructure deglect. (Every two decades major infrastructure rebuilding is needed. The last big rebuilding took place during the 60s. Reagan and Bush 43 skipped their turns to use money on projects that enriched Republicans more than infrastructure construction would. You and I know that many infrastructure companies are headed by Republicans. Out here in Cali C.C. Myers comes to mind. But apparently they aren't politically sexy enough, and don't give enough at the national level to catch the attention of the Congress and president.)
I also believe that all flooding guidelines need to be updated for global warming style and frequency of floods as we are having. Two "100 year floods" within 15 years is ridiculous. And we should re-institute the flood insurance requirements. Families with homes on floodplains in the midwest would gladly give 500-1000 dollars a year now for that protection.
On the other hand, I guess the good news is that were in a presidential election yea. One in which a president is fighting for his own job is even better, but I'm sure Bush will want to foster good feelings for McCain as his successor and therefore more money should be going out faster than for New Orleans which unfortunately was hit in an off year for national elections.