Iraq - Economy Booming

And not from bombs.

Here's more good news from Iraq that the lying liberal media don't want you to know about.

Nevertheless, Iraq's economy is booming. Many Iraqis--denied employment under Saddam Hussein's regime for reasons of ethnicity, sectarian identity, or for refusal to join the Baath party, now have jobs. Iraqis' own private investment, aided with capital remitted from family members abroad, has enabled the private sector to boom. Banks, restaurants, and furniture stores occupy what just last year were empty lots or abandoned storefronts. In August 2005, new business registrations have topped 30,000; this figure does not include the number of start-ups which still ignore Iraqi-registration rules.

Ordinary Iraqis are financially better off now than they were at any time in the past two decades. According to World Bank and International Monetary Fund estimates, per capita income has doubled since 2003. Iraq's per capita gross domestic product is today almost twice that of Yemen and nearing that of Egypt and Syria, hardly a sign of failure in a country in which, just three years ago, antiwar groups insisted children were starving en masse. Statistics aside, the Iraqi economic boom is apparent to anyone who visits an Iraqi market. Not only are appliances and luxuries in the stores, but customers are actually purchasing them.

Iraqis today employ technologies that were nonexistent or off-limits to all but the Baathist elite just three years ago. As of September 2005, there were more than 3.5 million cell-phone subscribers in Iraq, for example. Under the Baath party, there was no cell-phone service, and possession of satellite phones was a capital offense. Internet cafés dot not only Baghdad thoroughfares, but also dusty back streets in provincial towns. When I visited the (restored) marshlands of southern Iraq, I checked my e-mail and sent dispatches from internet cafes not only in the Maysan provincial capital of al-Amarah and the Dhi Qar provincial capital of Nasiriyah, but also in small, dusty towns like Islah, a Dawa stronghold on the edge of the marshes.

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