Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: d[-_-]b who wrote (342193)	7/5/2007 4:04:07 PM
From: bentway	Read Replies (1) \| Respond to of 1573782

"I'm talking about the profit motive theory" ------------------------------------------------------------------ " Deputy Defense Secretary Paul Wolfowitz told the House Appropriations Committee March 27 reconstruction could largely be covered by proceeds from Iraqi oil and foreign donations. "There's a lot of money to pay for this. It doesn't have to be U.S. taxpayer money. And it starts with the assets of the Iraqi people. They will now own those assets instead of a dictator that owns them, and they should spend them for their own welfare," Wolfowitz said. "We are dealing with a country that can really finance its own reconstruction and relatively soon." Two weeks later White House budget director Mitch Daniels told a reporter, "There's just no reason that this can't be an affordable endeavor." Andrew Natsios, the director of the U.S. Agency for International Development, put an even finer point on it April 23. He told ABC's Nightline "the American part of this will be $1.7 billion. We have no plans for any further-on funding for this." The remainder, Natsios said, would be paid with international contributions and from Iraq's oil wealth. Those statements were made before the Bush administration had taken the full measure of exactly how bad the Iraqi infrastructure was -- functioning sewage served just 3 percent of the country, only 60 percent of the country had reliable electricity, and less than 40 percent had safe drinking water."