They've literally opened the floodgates.Photo: Gulf Restoration NetworkCross-posted from the Wonk Room. "Flooding along the Mississippi River has set a new water level record," according to the National Weather Service. "The massive flood churning its way down the Mississippi River will go down in history for its catastrophic, multi-billion dollar impact on the Midwestern economy." USA Today reported that "losses in Arkansas are estimated at more than $500 million, according to the state Farm Bureau. In Memphis, where the river crested Tuesday, damage was estimated at $320 million. Agricultural losses in Mississippi, including grain and catfish farms, could hit $800 million." The catastrophic flood, …
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