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August 18, 2004
From my buddy at MENAFN
A fine article on how well the money is moving in Iraq.
http://www.menafn.com/qn_news_story.asp?StoryId=CqsluqeicvvnjuKfrlvjfqLvjteq
This in particular I wish to note:
Although Congress approved the $18.4 billion aid package on an emergency basis last year after the Bush administration said it was urgently needed, only about $600 million, or roughly 3 percent, has been spent so far.
"We should not be this far behind," Kolbe said. "It is absolutely inexplicable to me, and fairly outrageous, that last fall we were told we needed this `now,' that it was `desperately needed,' and here we are, 10 months later, and we still have only spent a tiny fraction of the money."
Recall only a year ago I was hearing from CPA types, like Dan Senor (not him personally though, to be fair - by the way did I mention I wierdly shared a flight with him to Amman? It was a bit strange) how the US was going to show how rebuilding was to be done. The sneering references to the UN incompetence....
{edit]
I also thought this was fun:
By the time it dissolved, the CPA reportedly had fallen short by more than 200,000 jobs from its original goal of creating 250,000 construction positions for Iraqis.
Shall we do the percent undershoot?
Posted by The Lounsbury at August 18, 2004 11:03 PM
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Aug-Dec 2004
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