At last month’s G-8 meeting President George Bush told barb throwing Russian President Vladmir Putin to “just wait” and see the shining democracy of Iraq. The latest statistics reveal significant trouble in the fledgling democracy. Inflation in July rose to 70% when compared to prior year prices. Combined with unemployment up to 50%, Iraq suffers from stagflation, a serious economic malady.
Afghanistan suffers from high unemployment as well, nearly 40%. While both democracies are young, neither appears capable of providing a means for people to make a living. What plans are in place to address these dire conditions?