World Bank concerns legitimate

Instapundit links to this NYPost article on World Bank concerns about the government of Iraq. Ralph Peters oped at the Post is pure hyperbole and Reynolds' headline of hypocracy is misplaced. The question at hand isn't that the present government is seen as illegitimate, but that everyone knows that its temporary. Once the new government is in place, will they respect deals done by the current Governing Council? Contracts certainly, establishing rule of law is one of our objectives. But look at our own government. Clinton talked tough about Iraq, but limited himself to cruise missiles. Many in the world mistook Bush for more of the same, but the government had changed and it took policies the previous administration would never have taken. Why is it unreasonable to recognize that business may be desirous to wait until it sees how things will shake out before it gets in? Looking at things through the investor's lens, I would wait until the Governing Council gave way to an elected government and that new government gave some indication of its policies (tax, fiscal, regulatory) before investing. Anything else is speculatory, and very risky. Business is wise to wait until the new government is in place, and until investment begins to flood into the country, reconstruction is not happening as fast as it can. We have a political bottleneck. Its a reasonable thing to point out.