Liberals' Selective Broken Window Fallacy

Never good.

I've written about the broken window fallacy recently.  The idea that a broken window is good for the economy because it has to be fixed, and therefore generates business, is indeed fallacy.  But a recent post on Mises about it being applied yet again to Japan, got me thinking about how liberals are selective when it comes to applying that 'disasters are good for business' logic.  Right now it's a good thing for Japan, but what about in the past?

Specifically, where were they after Hurricane Katrina?  Oh wait, who was President?  

Just a thought.