Baghdad Economy Booming

Good news. Baghdad is coming alive economically. Will we see this on Ms. Katie's news program? Newsweek International has admitted it.

The New York Post reports:

* Real estate, construction and retail sales industries are booming in Iraq.

* The number of registered companies in Iraq grew from 8,000 in 2003 to 34,000 this year.

* Iraq earned $41 billion in oil revenue this year

... The report also said reduced customs restrictions and fees have made imported goods more accessible and affordable to many Iraqis.

Other studies showed a growth of almost 100 percent in salaries for those who have jobs.

And Iraqis have even had American-style tax cuts, the report said.

According to studies by World Bank, the International Monetary Fund and the U.S. Chamber of Commerce. All the news is not good.