Repair

It's a shame we have a malevolent dictator, because a benevolent one would see this was a good opportunity to repair some infrastructure.

The worst Midwest flooding since 1993 has generated images of swamped towns, cracked roads, washed-out bridges, overwhelmed dams, failed levees, broken sewage systems, stunted crops and water-logged refugees.

The losses are in the billions of dollars and still mounting, as the costs of crop losses alone send shocks through the inflation-wracked world food system and threaten insurers.

The disaster has reminded policymakers of the decrepit state of U.S. infrastructure, stirring concerns similar to those following the deadly Minneapolis bridge collapse in 2007 and the flooding of New Orleans after Hurricane Katrina in 2005.