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Remember this from a few days ago?

"The world is a competitive place," Tom Delare, economics counselor at the U.S. Embassy, said this month during a news briefing. "You have to convince the investor that it is worth his while to put his money in your community."

Delare is talking of rebuilding Iraq, something it seems the American government has had enough of since there is no new spending proposed as of now.

And what private investor wouldn't want to throw money into this:

An official assessment drawn up by the US foreign aid agency depicts the security situation in Iraq as dire, amounting to a "social breakdown" in which criminals have "almost free rein".

The "conflict assessment" is an attachment to an invitation to contractors to bid on a project rehabilitating Iraqi cities published earlier this month by the US Agency for International Development (USAid).

The picture it paints is not only darker than the optimistic accounts from the White House and the Pentagon, it also gives a more complex profile of the insurgency than the straightforward "rejectionists, Saddamists and terrorists" described by George Bush.

Sounds promising.