Thursday, March 22, 2007

My theory about ICFU

Here it is, take it for what it's worth.

The day after the announcement the stock of the company (ICFI) that was running the Road Home Program, and failing, jumped 15 %-- to an all time high. Stockholders were figuring either one of two things: 1. That Blanco was holding their feet to the fire and cutting into their profits. or 2. That now that they had done the dirty work for the Bushies they would be rewarded with nice fat federal contracts. Maybe a little of both. But I hold with the second. The stalling by ICFI was calculated from the beginning. ICFI, headed by Washington insiders from FEMA and Homeland Security abetted by the feds, to sabotage the program long enough for Jindal to defeat Blanco. The most recent example of fed interference was the HUD roadblock which sabotaged that Louisiana's plan to have the reconstruction money put into escrow accounts instead of awarding a lump sum. HUD found an obscure regulation to monkeywrench a policy that had been in place and announced for more than a year. They said they just found out about it. Yeah, right. An article in the Picayune this morning said that the HUD move was the last straw for Kathleen. She knew then that the feds would never open the spigot on the money till she was out of office. And now that Blanco is out, ICFI stands to get a windfall in federal contracts from this administration.

When The Advertiser interviewed Blanco, and she said that she should have changed her party to Republican immediately after Katrina. Then the recovery would have been no sweat. She's right.

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