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Economic Development

We Tried This Before, and it Didn’t Work

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As the US implements the transformation of General Motors into “Government Motors,” and the Troubled Asset Relief Program (TARP) and American Recovery and Reinvestment Act (ARRA) raise government investment and entanglement in the private sector to historic new levels, the question on everyone’s mind is “will it work?”   Oddly enough, clues to the answer of that question may come from an unexpected place:  Iraq.