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December 10, 2005

On The Iraqi Economy

In yesterday's Wall Street Journal, an Op-Ed by U.S. Deputy Secretary of the Treasury Robert Kimmitt gives a solid, well defined analysis of the state of the Iraqi economy today with a forecast for the future.

Only a year-and-a-half after regaining its full sovereignty, Iraq is laying the groundwork for a self-sustaining, market-based economy which can serve as an engine of growth for that nation and for the broader Middle East. While the world's attention has been focused on security and political developments, Iraqi authorities have been working steadily to reverse decades of economic decline -- which under Saddam Hussein was marked by triple-digit inflation, crushing debt and rising poverty. And as President Bush made clear Wednesday, we have a strong stake in helping the Iraqi people succeed in achieving their economic potential.

Liberals, ignore it as usual, there's nothing in there that attacks the Bush Administration. Right thinkers and other open minded readers, read the rest of the article here.

Posted by Seth at December 10, 2005 07:45 AM