The rebuild is likely to be a "challenge", to put it mildly. Between de-toxifying (cleaning pollution out, something that's just being alluded to in the margins, though I expect there's a fair amount of chemicals and other things in the flood water), rip and replace on infrastructure that has been damaged (even standing structures don't generally do well with a week or two soak in chemical-and-waste laden water, not to mention power and telco systems that have sat in corrosive gunk), updating protective levees, and the fundamental improvement of needing to rebuild the barrier marshland to help damp an incoming storm, it's going to take a long time. The engineering aspects are non-trivial.
This does not mean that it should not be done, just that it will be a long-term, very costly, effort. You have to get the area safe/habitable, plus have working businesses to employ people. The many poor souls dislocated from their homes and livelihood are unlikely to be able to return for a while. The one bright thing is that the will of the American people, the fundamental goodness of the vast majority, is always impressive in times of crisis, and is what will be needed to help the people displaced.
One thing that's being missed by anyone who believes in just letting NOLA return to nature is the fundamental need to have a city in roughly that location. It's the mouth of the river, a river that carries a vast amount of commerce -- petrochemicals, food, etc. There's a reason that early civilizations grew at the nexus of waterways -- they are natural centers of commerce. You need a gateway, a staging point for all of the goods that have been on the river and need to then transit the Gulf. Some form of city will be there.
Keep the positive thoughts, maintain the people in your prayers, be generous -- a similar disaster could befall any of us, and our real strength is the ability to continue helping and working through things long-term.