Jerry
11-26-2004, 05:16 AM
This is an old article by the Wall St Journal it shows the intentions of the Bush team reguarding the ISX...
Bush Officials Devise a Broad Plan
For Free-Market Economy in Iraq
By NEIL KING JR.
Staff Reporter of THE WALL STREET JOURNAL
WASHINGTON -- The Bush administration has drafted sweeping plans to remake Iraq's economy in the U.S. image.
Hoping to establish a free-market economy in Iraq following the fall of Saddam Hussein, the U.S. is calling for the privatization of state-owned industries such as parts of the oil sector, forming a stock market complete with electronic trading and fundamental tax reform.
Execution of the plan -- which is expected to be complicated and possibly contentious -- will fall largely to private American contractors working alongside a smaller team of U.S. officials. The initial plans are laid out in a confidential 100-page U.S. contracting document titled "Moving The Iraqi Economy From Recovery to Sustainable Growth." The consulting work could be valued at as much as $70 million for the first year.....
For many conservatives, Iraq is now the test case for whether the U.S. can engender American-style free-market capitalism within the Arab world. In a February address, President Bush spoke of "a new Arab charter that champions internal reform, greater political participation, economic openness and free trade." A new regime in Iraq, he said, "would serve as a dramatic and inspiring example of freedom for other nations in the region." ...
AMERICAN BLUEPRINT
The Bush administration envisions sweeping reforms of Iraq's economy, based on free-market principles and carried out by private contractors. These include:
• Privatization of state-owned enterprises , possibly including oil companies
• Modernizing the Baghdad Stock Exchange by creating a new settlement system and tough oversight
• Reforming the Central Bank and the commercial-banking system
• Jump-starting the private sector with fresh credit and training
• Rewriting the tax code and tariff system
• Source: White House documents
http://216.109.117.135/search/cache?p=Iraq+Stock+Exchange+Wall+Street&ei=UTF-8&fl=0&xargs=0&pstart=1&b=11&u=www.classroomedition.com/wsjtoday/war/03may01_story1.html&w=iraq+stock+exchange+wall+street&d=2EED9F45AA&icp=1&.intl=us
I know this is an old document... however with the latest news on T.V. and Bushes latest statements reguarding the ISX, its nice to see some inside info as to what it is the Bush Administration wants to do and how bad they want to do it. This is going to play a major role during the construction boom.
Bush Officials Devise a Broad Plan
For Free-Market Economy in Iraq
By NEIL KING JR.
Staff Reporter of THE WALL STREET JOURNAL
WASHINGTON -- The Bush administration has drafted sweeping plans to remake Iraq's economy in the U.S. image.
Hoping to establish a free-market economy in Iraq following the fall of Saddam Hussein, the U.S. is calling for the privatization of state-owned industries such as parts of the oil sector, forming a stock market complete with electronic trading and fundamental tax reform.
Execution of the plan -- which is expected to be complicated and possibly contentious -- will fall largely to private American contractors working alongside a smaller team of U.S. officials. The initial plans are laid out in a confidential 100-page U.S. contracting document titled "Moving The Iraqi Economy From Recovery to Sustainable Growth." The consulting work could be valued at as much as $70 million for the first year.....
For many conservatives, Iraq is now the test case for whether the U.S. can engender American-style free-market capitalism within the Arab world. In a February address, President Bush spoke of "a new Arab charter that champions internal reform, greater political participation, economic openness and free trade." A new regime in Iraq, he said, "would serve as a dramatic and inspiring example of freedom for other nations in the region." ...
AMERICAN BLUEPRINT
The Bush administration envisions sweeping reforms of Iraq's economy, based on free-market principles and carried out by private contractors. These include:
• Privatization of state-owned enterprises , possibly including oil companies
• Modernizing the Baghdad Stock Exchange by creating a new settlement system and tough oversight
• Reforming the Central Bank and the commercial-banking system
• Jump-starting the private sector with fresh credit and training
• Rewriting the tax code and tariff system
• Source: White House documents
http://216.109.117.135/search/cache?p=Iraq+Stock+Exchange+Wall+Street&ei=UTF-8&fl=0&xargs=0&pstart=1&b=11&u=www.classroomedition.com/wsjtoday/war/03may01_story1.html&w=iraq+stock+exchange+wall+street&d=2EED9F45AA&icp=1&.intl=us
I know this is an old document... however with the latest news on T.V. and Bushes latest statements reguarding the ISX, its nice to see some inside info as to what it is the Bush Administration wants to do and how bad they want to do it. This is going to play a major role during the construction boom.