At least that’s what all the “antis” are attempting to claim. You know… the anti war types, anti-Bush types, many of the [Dim]ocrats and Mamma SheHag who all take great pride in hanging then “quagmire label” on Iraq.
The following take little comment from me other than to say it appears in next weeks edition of Newsweek International Magazine:
Civil war or not, Iraq has an economy, and—mother of all surprises—it’s doing remarkably well. Real estate is booming. Construction, retail and wholesale trade sectors are healthy, too, according to a report by Global Insight in London. The U.S. Chamber of Commerce reports 34,000 registered companies in Iraq, up from 8,000 three years ago. Sales of secondhand cars, televisions and mobile phones have all risen sharply. 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. But, given all the attention paid to deteriorating security, the startling fact is that Iraq is growing at all.
How? Iraq is a crippled nation growing on the financial equivalent of steroids, with money pouring in from abroad. National oil revenues and foreign grants look set to total $41 billion this year, according to the IMF. With security improving in one key spot—the southern oilfields—that figure could go up.
As someone once coined the phrase… read the rest including the Iraqi cell phoine company that stands to reap revenues $520 million. The U.S. State Department reports that there are now 7.1 million mobile-phone subscribers in Iraq, up from just 1.4 million two years ago.
The quagmire seems to be located in the countries microwave towers that carry cell signals!