Posted on 05/16/2007 3:35:23 PM PDT by Sleeping Beauty
Meanwhile, which smart Freeper actually knows what the World Bank does -- and why it is so important to our US economy and US-based multinational corporations?
The answer to this question will reveal whether or not Wolfie "had sex with that woman" and why he is being thrown out on his ear.
The British press is working overtime to get rid of Wolfowitz.
Actually, I don’t think “Financiasl Times” should be grouped with the “British Press.” FT is pretty agnostic politically. But, they are generally pro Bush in the same way WSJ is.
The World Bank is a collection of international organizations that aids countries in their process of economic development with loans, advice, and research. It was founded in the 1940s to aid Western European countries after World War II with capital. The organization functions by providing loans and grants to nations, often in an effort to tackle some greater policy or project goal.
A group of Rinos are called a “Crash”. Bush doesnt have a team, but an aptly named “Crash”
http://www.funtrivia.com/askft/Question24675.html
Good job, Eagle. Now, what do they really do? And how does it help the US economy?
In short, it funnels taxpayer money to third world countries which don't want to compromise their anti-American standing by taking it from the US government directly. The money can either be called a 'loan', or they can be honest about it and call it a grant.
I didn’t see your response before I answered. I should have added you to my reply #8.
It’s NOT an affair! He’s single!
LOL. Did I say "affair?"
No. I said "sex."
The Financial Times I see is definitely anti-US and anti-Iraq war.
When the AP, Reuters, NY Times or another bearer of bad news reports a story, every one cuts and pastes it into their story. BTW, it is my understanding Wall Street Journal and Investors Business Daily are conservative, Financial Times leans liberal.
A good starting point, but basically they are a money funnel, not really successful “ridding the world of poverty” etc., but funding politically-based activitites on a broad front. This could and does take on a broad array of “causes”....this probably ranges from simple “grants” (gifts) to the funding of the one-world corporate (trade) monolith that so many of our pols are working hard to build (at America’s cost). My list could go on.
And, here's a secret-decoder clue:
Wolfowitz wanted to clean up corruption in the government of the borrowing nations (not at the World Bank, BTW). Why is it in the World Bank's interest that those borrowing nations have corrupt governments?
The facts in the article remain facts insofar as the topic of this thread go.
Why is it in the World Bank’s interest that those borrowing nations have corrupt governments?
:::
There is probably a multitude of answers to that question. Let us have yours. But I would say that there is definite advantage if the sourcing, use, costs and amounts of monies sourced by the World Bank being kept quiet, or incorrectly reported...can be easily bought and had. My gut feel, anyway.
It isn't.
and US-based multinational corporations?
It funds infrastructure so that the multinationals can build factories to outsource manufacturing jobs, so they can close higher cost facilities in the US.
Wolfowitz wanted to clean up corruption in the government of the borrowing nations
Given his personal actions (giving other folks money to his girlfriend, rather than his own), I don't really accept your anti-corruption premise.
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