We Can Bank on Wolfowitz

As the Deputy Secretary of Defense in the Bush administration, Paul Wolfowitz attracted the ire of many. Recently, however, he earned appointment to one of the most important positions in the financial world – the President of the World Bank. The choice of Paul Wolfowitz proved extremely controversial, and the decision drew harsh criticism when President Bush nominated him for the position nearly two weeks ago. Wolfowitz is best known for being one of the authors of the Pre-emptive Strike doctrine and the development of the “shock and awe” campaign, which was used effectively in the opening days of the War in Iraq. Many in Europe looked on with disdain and dread at Bush’s choice, accusing the President of purposely straining trans-Atlantic relations just months after vowing to work on strengthening the bonds between the U.S’s neighbors across the pond. Liberals in the United States also accuse Bush of trying to place his “cronies” in positions of power in multi-national organizations in order to spread his own conservative influence. However, this is all just hype being pushed forward by those who do not truly understand how the world works. Contrary to all the concern, Wolfowitz will prove to be an admirable choice who will do much more than is expected of him in order to fight poverty, which will benefit all members of the world. The World Bank and the International Monetary Fund (IMF) are the two international organizations devoted to fighting poverty in the darkest corners of the world. The President of the World Bank is traditionally chosen by the United States, while the European Union normally chooses the President of the IMF. As President of the World Bank, Mr. Wolfowitz will have a budget of approximately $20 billion to fund nearly 245 projects that designed to eradicate poverty. Mr. Wolfowitz’s nomination was not met with much enthusiasm, but he immediately went to work, calling diplomats and the World Bank’s executive directors. Not all opposed the appointment. Several foreign diplomats went out of their way to praise Wolfowitz’s nomination. Japan, a U.S. ally in the War in Iraq, provided words of support for Bush’s choice. Chief Cabinet Secretary Hiroyuki Hosoda praised Wolfowitz, saying,