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Wolfowitz affair sparks rift in Bush team [Pop Quiz]
Financial Times ^ | May 16 2007 | Edward Luce

Posted on 05/16/2007 3:35:23 PM PDT by Sleeping Beauty

For the past few weeks the Bush administration has been bitterly divided over the best way to respond to growing calls for Paul Wolfowitz’s resignation as World Bank president, according to people who have attended the White House meetings.

On Tuesday, Tony Snow, the White House spokesman, signalled an apparent change in the White House’s previously firm backing for Mr Wolfowitz when he said “all options are on the table”. But according to the White House insiders, one of those options still included Mr Wolfowitz staying on. The Bush administration is divided into three camps, which have very rarely seen eye to eye.

ADVERTISEMENT The first, which has been led by Hank Paulson, the US Treasury secretary, and “two or three like-minded individuals” in the White House, has consistently argued that Mr Wolfowitz’s continued tenure at the bank would impose a mounting cost on American interests and on Washington’s ability to set the agenda at the World Bank. It might also endanger America’s continued right to nominate the head of the World Bank (Europe has an equivalent right for the International Monetary Fund), they argued.

The second, which has been led by Dick Cheney, the vice-president, and Karl Rove, who is Mr Bush’s senior strategist, say the president should remain loyal to Mr Wolfowitz in the teeth of what they see as a European campaign to take revenge for the World Bank president’s pivotal role in pushing for the 2003 invasion of Iraq. They have scant interest in the health of “multilateral institutions like the World Bank”, said the insider.

And the third camp, which includes a number of mid-level operatives in the White House who were described as “non-ideological conservatives”, as well as – at times – Josh Bolten, the White House chief of staff, believe the longer the crisis continues the more it damages the US president. They are now arguing for Mr Wolfowitz’s departure. Condoleezza Rice, the secretary of state, has recently added her voice to theirs.

“There has been a food fight in the White House over Wolfowitz during the last four weeks and nobody really prevailed,” said the insider. “Whenever we felt that we were beginning to convince the president that it was not in America’s interests to keep delaying the inevitable [departure of Mr Wolfowitz] then somebody like Karl [Rove] or the vice-president would intervene and it would be back to square one.”

Those pushing within the administration for an earlier resolution of the World Bank crisis say they have been hamstrung by the instinctive loyalty both Mr Bush and Mr Cheney feel towards Mr Wolfowitz. They say they argued that the longer the administration left Mr Wolfowitz in place, the less leverage the US would have with its increasingly frustrated European partners to ensure a smooth transition for whoever would replace him.

But Mr Wolfowitz was able to rally allies both within the administration and outside it to come to his aid. “Paul has repeatedly called upon his neocon friends in the administration, the media and the think-tanks to come to his support,” said another insider. “There has been complete internal dysfunction as a result.”

The situation has been complicated by the fact that few people within the Bush administration understand what the World Bank does, says another official. This has meant that the administration’s shifting calculations have been mostly guided by day-to-day political deliberations rather than by an assessment of what would be in the longer-term interest of the US.

“Not many people care about the multilateral institutions or have a view one way or another,” said an official. “At no point has the administration sat down and said: “What do we think about the World Bank? How does it conflate with American interests?”

Some in the first camp fear that the US has now left it too late to retain the degree of goodwill it would need to ensure that Mr Wolfowitz’s [American] successor could help frame a positive agenda. “The longer the White House has delayed the inevitable the weaker its hand has become,” said one. “From a strategic point of view we could not have played this any worse.”


TOPICS: News/Current Events
KEYWORDS: wolfowitz
As we know, Wolfowitz is negotiating his golden parachute as we speak.

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.

1 posted on 05/16/2007 3:35:28 PM PDT by Sleeping Beauty
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To: Sleeping Beauty

The British press is working overtime to get rid of Wolfowitz.


2 posted on 05/16/2007 3:38:00 PM PDT by holfen123
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To: holfen123

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.


3 posted on 05/16/2007 3:42:20 PM PDT by Sleeping Beauty
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To: Sleeping Beauty
Fox News just reported on Brit Humes show, that Wolfowitz WAS NOT negotiating his release as we speak. His lawyer adamantly denied press reports. I will trust the word of Wolfowitz’s lawyer over what our lying lamestream media reports. How many times do they have to print falsehoods to get the outcome they want, and when they don’t they move on to something else, until we quit believing them?
4 posted on 05/16/2007 3:42:39 PM PDT by jrooney (The democrats are the friend of our enemy and the enemy of our friends. Attack them, not GW!)
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To: Sleeping Beauty

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.


5 posted on 05/16/2007 3:42:46 PM PDT by EagleUSA
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To: holfen123

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


6 posted on 05/16/2007 3:44:59 PM PDT by samadams2000 (Someone important make......The Call!)
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To: EagleUSA
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.

Good job, Eagle. Now, what do they really do? And how does it help the US economy?

7 posted on 05/16/2007 3:45:40 PM PDT by Sleeping Beauty
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To: Sleeping Beauty
what the World Bank does

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.

8 posted on 05/16/2007 3:46:30 PM PDT by PAR35
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To: jrooney
I know what FOX is saying -- but here's a link to all 2,060 news stories about this breaking news story.

http://news.google.com/news?ned=&ncl=1115102767&hl=en

9 posted on 05/16/2007 3:47:50 PM PDT by Sleeping Beauty
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To: EagleUSA

I didn’t see your response before I answered. I should have added you to my reply #8.


10 posted on 05/16/2007 3:48:20 PM PDT by PAR35
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To: Sleeping Beauty

It’s NOT an affair! He’s single!


11 posted on 05/16/2007 3:49:51 PM PDT by Doc Savage ("You couldn't tame me, but you taught me.................")
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To: Doc Savage
It’s NOT an affair! He’s single!

LOL. Did I say "affair?"

No. I said "sex."

12 posted on 05/16/2007 3:51:51 PM PDT by Sleeping Beauty
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To: Sleeping Beauty

The Financial Times I see is definitely anti-US and anti-Iraq war.


13 posted on 05/16/2007 3:54:12 PM PDT by holfen123
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To: Sleeping Beauty

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.


14 posted on 05/16/2007 3:55:50 PM PDT by jrooney (The democrats are the friend of our enemy and the enemy of our friends. Attack them, not GW!)
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To: Sleeping Beauty

http://web.worldbank.org/WBSITE/EXTERNAL/EXTSITETOOLS/0,,contentMDK:20147466~menuPK:344189~pagePK:98400~piPK:98424~theSitePK:95474,00.html#12

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.


15 posted on 05/16/2007 3:57:33 PM PDT by EagleUSA
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To: PAR35; EagleUSA
Part two of the question is the most important:

....and why it [the World Bank] is so important to our US economy and US-based multinational corporations?

It helps to read the article and think about why there are so many Wolfowitz "camps" in the White House.

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?

16 posted on 05/16/2007 4:01:44 PM PDT by Sleeping Beauty
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To: jrooney
If you insist, it's okay with me if you call "The Financial Times" liberal. I read all these papers because I do business at the global level. They are all just fact-sheets to me.

The facts in the article remain facts insofar as the topic of this thread go.

17 posted on 05/16/2007 4:08:08 PM PDT by Sleeping Beauty
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To: Sleeping Beauty

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.


18 posted on 05/16/2007 4:08:31 PM PDT by EagleUSA
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To: Sleeping Beauty
Reuters -

Wolfowitz will not resign from World Bank: lawyer

http://today.reuters.com/news/articlenews.aspx?type=topNews&storyid=2007-05-16T220044Z_01_WAT007509_RTRUKOC_0_US-WORLDBANK-WOLFOWITZ-LAWYER.xml

Oh Gee, financial times wrong again. Wonder where they get their information, not from the unbiased facts.
19 posted on 05/16/2007 4:24:33 PM PDT by jrooney (The democrats are the friend of our enemy and the enemy of our friends. Attack them, not GW!)
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To: Sleeping Beauty
and why it [the World Bank] is so important to our US economy

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.

20 posted on 05/16/2007 7:40:20 PM PDT by PAR35
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To: All

Sorry guys — there seems to be an intellectual flaw in this thread.

Tomorrow, when reality catches up with attitude — the smart folks can continue this discussion on a different thread.


21 posted on 05/16/2007 7:53:09 PM PDT by Sleeping Beauty
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To: Sleeping Beauty

Actually, FT is pretty liberal (similarly to WSJ, which was found to have the most left-leaning “news” bias of all major print media, unlike her editorial content), both in news and editorial content, except for several columnists like Emity Shlaes and Paul Johnson (both of them have written excellent books).


22 posted on 05/16/2007 8:51:42 PM PDT by CutePuppy (If you don't ask the right questions you may not get the right answers)
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To: Sleeping Beauty

“....and why it [the World Bank] is so important to our US economy and US-based multinational corporations?”

Think of UN’s Oil For Food Fraud - a lot of corporations couldn’t legally or “legitimately” do business with Saddam, without UN OFF programme cover. WB is even better than UN as it provides not only cover of legitimacy, but it practically guarantees profit because any potential losses are underwritten by US taxpayers.


23 posted on 05/16/2007 9:10:55 PM PDT by CutePuppy (If you don't ask the right questions you may not get the right answers)
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