Wednesday, January 17, 2007

Surges and specifics in Iraq

Austin Bay looks at the President's plan for reinforcements in Iraq, and at some other steps that can be taken.

Consider two specific policies Bush discussed. The "hydrocarbon law" he advocated is a version of the "oil trust" concept many economists and Iraqis have advocated for several years. The state of Alaska has a similar program. Iraq considered instituting an oil trust in the 1950s, prior to the demise of its monarchy. The oil trust would put several hundred dollars a year into the pockets of every adult Iraqi. It immediately invests everyone in the economic success of Iraq's new democratic government.

It's saving elephants in Africa. It might save democracy in Iraq.

Read the whole thing.

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