Tuesday, October 9, 2007

Ahmadinejad's Economy

A populist economy? Another reason for the west to hate him:

"Ahmadinejad´s Economic Measures Benefit Iran´s Low-Income Families" Mon, Oct 08, 2007

For the first time in a decade, Iran’s unemployment rate has reached a single-digit figure.

Announcing this, head of Statistics Center, Mohammad Maddad said that the unemployment rate in the country has reached 9.9 percent after being above 10 percent for more than a decade.

The number of jobless dropped from about three million in recent years to 2.5 millions this summer, he stated, adding that this is while one million people joined the working age group, IRIB reported...

Meanwhile, policymakers predict that unemployment rate will reach five percent in 2011, if the number of job seekers remains at the present level.

Tue, Oct 09, 2007 Supporting Small Ventures

Despite US pressure, which impedes smooth implementation of some projects, Iran has managed to attract more investments and, as a result, lower the unemployment rate...

One of the policies contributing to this positive outcome was the support for small businesses with quick economic returns.

Increase in economic growth is possible by expanding small industrial units and their activities.

These enterprises help a country attain sustainable economic growth. Sustainable economic growth and production, for their parts, would effectively create jobs and improve economic welfare...

A number of economists criticized previous governments for their failure to pay attention to ’intermediate and complementary industries’. The incumbent government has removed this failure.

President Ahmadinejad’s economic team has pursued a policy of developing small industrial units with quick economic returns...

A main reason for the expansion of projects with quick economic returns is to slash banking profit rates..."

I thought Iran's economy was shitting out.

At least, that's what my Zionist-controlled War Dailies told me.

Pfffffttttt!!