Monday, December 18, 2006

Do They Offer Thirty Year Jumbos?

Larry Kudrow brings us the "good news" from Iraq, something I'm sure we'll be hearing trumpeted on every wingnut site for days to come. I particularly like this part. From Newsweek:

Civil war or not, Iraq has an economy, and—mother of all surprises—it's doing remarkably well. Real estate is booming. Construction, retail and wholesale trade sectors are healthy, too, according to a report by Global Insight in London.

There is obviously a bad bomb joke in there just begging to get out, but aside from that, why is Kudrow surprised that in a country with roughly ten percent of its population displaced, home sales are brisk? And I have to tell you, it's not much of a surprise that construction is doing well in a country where everything is pretty much blown to shit either.

No comments: