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I hope it's OK to post this here. It's a result of the already historical Operation Iraqi Freedom. This article says Iraq's economy is now flourishing. Was surprised it's in Newsweek…not surprised it hasn't been mentioned on any other media source, even FOX. Personally, I think this is incredibly good news and I just wanted to share it. http://www.msnbc.msn.com/id/16241340/site/newsweek/
How can one's economy be flourishing when there is so much violence and foriegn occupation?
The foreign occupation is probably the source of the flourishing. We probably make it possible for the infrastructure to even be rebuilt at this point. What happens when we bug out? Iraq will be in unchartered waters then. 🙁
That's interesting, great news. Seems like it's a high risk-reward area for investors. On one hand, there is a lot of potential in that market, probably much of it untapped; on the other hand, security precautions spell out the big concern in that country which makes investment uneasy. Notice they use positive reference to economic “trickle down” that had been scoffed at during the Reagan era, right?
I take everything I hear with a grain of salt when it comes to the middle east. My entire life it has been violent, unsettled, and at war somewhere and with someone. I dont see this lasting. Nothing over there ever does except unrest.
How can one's economy be flourishing when there is so much violence and foriegn occupation?
I think the fact that it is flourishing and growing in spite of all the violence and foreign occupation is amazing. Even if those numbers are exagerrated (as pointed out
Estimates vary, but one from Global Insight puts GDP growth at 17 percent last year and projects 13 percent for 2006. The World Bank has it lower: at 4 percent this year.
, it's still on the plus side.Phid, yes, I like how 'trickle down' was mentioned. I also saw lowering taxes was mentioned. That could only mean one thing, Reaganomics works!!! It would appear also the Iraqis like their new, Capitalist system.Hmmm, maybe Iraq isn't so much the quagmire the media is saying after all.
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