NYT: Spike in Iraq inflation turns economy into shambles

[Roland99]

Coming in the Saturday NYT:

Spike in Iraq inflation turns economy into shambles
http://www.rawstory.com/news/2006/NYT_Spike_in_Iraq_inflation_turns_0825.html

"Going to the market already requires courage -- after repeated bombings there -- and now, life's most basic needs are becoming drastically more expensive," reports Damien Cave for the Times. "The inflation rate has reached 70 percent a year, up from 32 percent last year."

"Wages are flat, banks are barely functioning and the consensus among many U.S. and Iraqi officials is that inflation will most likely accelerate," the article continues.

...

For Mehdi Dawood, Iraq's failures have leached into the cucumbers, a staple of every meal that now devours a fifth of his monthly pension.

And it is not just the vegetables. Fuel and electricity prices are up more than 270 percent from last year's, according to Iraqi government figures. Tea in some markets has quadrupled, egg prices have doubled, and all over the country the daily routine now includes a new question: What can be done without?

Silly Mehdi.

Doesn't he realize he needs to Adapt to Win?

[NanceGreggs]

1. And The Idiot can't even say ...

... "We're financially ruining them over there, so we don't have to financially ruin people over here" -- because he's managing to do both.

[LynnTheDem]

5. LOL!!!

Bloody true, bloody sad...but a bloody good laugh, too. Thanks!

:hug:

[sabra]

2. I am starting to realize what BushCo's definition of winning in Iraq is

[MrModerate]

3. As opposed to the robust, vibrant economy they enjoyed . . .

last year?

[LynnTheDem]

4. Well that's what happens when republicans are in charge of a nation.

Down the toilet. Look at America under the curse of bush, for example.

[Reckon]

6. I believe

...the neocons never intended to nation build because neocons don't nation build.

Dividing the people, let them fight each other, population reduction, suffering, living like dogs, is all pay back for past Iraqi "actions" against the "region".

Some people never forget!

[krispos42]

7. "We're making them fight themselves there...."

"so we don't have to fight them here!"

[Roland99]

8. Full article now available at the NYTimes website >>>>>>>

http://www.nytimes.com/2006/08/26/world/middleeast/26iraq.html?_r=1&hp&ex=1156564800&en=d9db71834b52e87c&ei=5094&partner=homepage&oref=slogin