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So is this good or bad? Well, the rebuilding of Iraq is more than likely going to create jobs for US companies, leading to an increase in disposable income for US citizens who undoubtedly will spend their hard earned money...you guessed it in the US. The trick is to know where to draw the line.
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Yes but will it match the outgoing expenditure and will those companies retain and invest that wealth in the soley in the US? - I think not. And judging by the flurry of diplomatic activity of the past couple of months, neither does the Bush administration.
It's currently courting a whole host of countries to assist in the Iraq military operation and has also approached both NATO (with nominal success) and the UN - which has yet to authorise military assistance. Furthermore, those countries that have lent troops are demanding a piece of the reconstruction pie - which is going to dilute the 'reconstruction income' yet further...(and no doubt a taste of things to come in the UN).
Furthermore, there is no reason to suggest that a future Iraqi government will favour US companies to continue reconstruction if companies from other countries can do things cheaper/better.