who will be next World Bank President What will they do


F****ed that one up. If you got a decent connection, make sure you watch The Daily Show's Jon Stewart on Wolfie's nomination.

If not, you'll have to make do with our transcription...

Jon Stewart: Let’s begin tonight with the World Bank. It’s the leader in lending money to developing nations. It’s an organisation dedicated to rebuilding, through wise fiscal policy, impoverished parts of the world.

That’s why it was a bit of a surprise this morning, when a man better known for destroying some of those very same areas, Defense Secretary Paul Wolfowitz, was named by President Bush as his choice to take over the World Bank.

Wolfowitz (whose name manages the rare feat of sounding both ferocious and Jewy (?) – it’s not easy) has no background in economics and is best known as the architect of the War on Iraq. Yet he’s been tabbed to replace current World Bank president, James Wolfensohn.

Evidently the president makes these choices alphabetically.

Wolfowitz's qualifications came up during the President’s press conference this morning. [Switches to press conference]

Question: Paul Wolfowitz, who is the -- a chief architect of one of the most unpopular wars in history, is your choice to be...

President Bush: (Laughs) That's an interesting start. Heh heh.

Stewart: [Imitating Bush] Heh heh. It’s a… Eh. Zing! That’s an interesting start. The truth. We don’t usually start with that.

Alright, Mr President why did you choose Paul Wolfowitz? [Switches back to press conference].

Bush: I said he was a man of good experiences.

Stewart: A man of good experiences? Alright, although I might add [shows picture] each member of Motley Crue meets that description. What else do you have? [Switches to conference]

Bush: He helped manage a large organization. The World Bank's a large organization; the Pentagon's a large organization.

Stewart: [Imitating Bush] They’re similar sizes. For instance, I’m the President of American. Means I can also be President of Indonesia – same size! It’s all about how big it is.

To be fair, we should perhaps judge Wolfowitz on his record in rebuilding Iraq. Here he is discussing why the security situation will be very stable after the war. [Switches to tape]

Wolfowitz: It’s hard to concede that it would take more forces to provide stability in post-war Iraq, than it would take to conduct the war itself and to secure the surrender of Saddam’s security forces and his army. Hard to imagine...

Stewart. And yet… that’s what happened. Oooh. OK. He missed that one. But that’s a people thing. A lot of people could miss that. Let’s see how he did explaining why the Iraq war won’t cost us very much.

Wolfowitz: The oil revenue of that country could bring between 50 and 100 billion dollars over course of the next two or three years. We are dealing with a country that can fund its own reconstruction and relatively soon.

Stewart: [Incredulous silence] Fucked that one up too! Alright. But still…Pentagon…World Bank…similar size.

[Via Crooks and Liars]

David Steven ~ March 19, 2005

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