May 11. 2009

Former President George W. Bush

As if former president George W. Bush’s war wasn’t enough to ravage Iraq, the recession, caused by the same person, has now hit their economy as well, wreaking more havoc. It’s official; George W. Bush is the worst thing that ever happened to Iraq.

Economic downturn finally hits Iraq

7:59 PM PDT, May 10, 2009 - Many thought Iraq, with its unsophisticated banking and high oil revenues, would be unaffected by the global crisis. But with oil prices tanking and consumer spending down, the economy is stalling...

Car sales have plummeted. The once-booming property market has skidded to a halt. Electronic goods that were flying off the shelves a few months back are staying put. And in a country still threatened by an insurgency, more than a quarter of men ages 18 to 29 are unemployed…

http://www.latimes.com