More Truth About Iraq

After reporting doom and gloom in Iraq throughout the entire election season, MSNBC/Newsweek is reporting that Iraq’s Economy is booming. Despite high unemployment, private enterprise is on a roll. Salaries have gone up by 100 percent since the fall of Saddam while income taxes have fallen by 66 percent. There are five times as many cars on the road in Iraq now compared to before the war. Real estate prices are skyrocketing as construction companies find success. Iraqis are now spending money they hoarded under the dictatorship on the flood of foreign goods that are now flowing tariff-free into their neighborhoods.
I’ve listened to the Iraq Study Group report (thanks to Reformed Chicks Blabbing) and I know things aren’t going swimmingly in Iraq. We all know that. The security situation is a mess, and the sectarian violence is enough to keep anybody from taking risks in business. But now that it’s safe to admit it, the mainstream media is reporting that political and economic freedom may bring prosperity to Iraq long before it can settle racial and religious differences.
via Hang Right Politics