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| Syria-Lebanon-Iran |
| Iran's Economy Runs Out Of Steam |
| 2008-10-18 |
| by Michael Rubin As markets floundered amid the credit crunch, Iran's leadership celebrated the West's economic crisis. On Oct. 11, Iranian President Mahmoud Ahmadinejad declared, "The claim that the free market manages all things is a huge lie and benefits only thieves and criminals." Two days later, Supreme Leader Ali Khamenei decreed that the West's financial crisis was a sign of "the ineffectiveness of liberal democracy-based policies." The Iranian leadership may rue their words. Ahmadinejad has run Iran's economy into the ground. On Oct. 11, just a day after Ahmadinejad declared prices in decline, the Central Bank reported inflation above 30%. Such figures are still likely low. Both Shahab News and Aftab-e Yazd have noted the tendency of Iranian officials to pull numbers from thin air. |
| Posted by:Steve White |
| #5 I'll wager you'll be missing ole George Gro$m$ Oy vey, I've been struck by a .5 wit. |
| Posted by: g(r)omgoru 2008-10-18 22:43 |
| #4 Iran's economy has been in trouble for over a decade; this is just making the cracks in it more noticable. |
| Posted by: Pappy 2008-10-18 14:08 |
| #3 I'll wager you'll be missing ole George Gro$m$ |
| Posted by: .5MT 2008-10-18 12:24 |
| #2 The Iranian leadership may rue their words. And so should chavez, castro, putin, all the usual suspects, all those tinpot disctators, tribal thugs and the like, but none will, why should they? They don't have to play by the same rules the West does. If mugabe can lecture the West and get standing ovation from african leaders, if castro can be praised by peopel supposedly appaled by the USA's rampant authoritarian streak, then we're in Bizarro world, and Bizarro world rules apply. |
| Posted by: anonymous5089 2008-10-18 08:16 |
| #1 Condoleezza Rice offers a defiant Tehran financial incentives. George's ability to select subordinates never ceases astonishing me. |
| Posted by: g(r)omgoru 2008-10-18 07:16 |