World Bank rushes out announcement before Wolfowitz puts the clamps on...

World Bank rushes out announcement before Wolfowitz puts the clamps on...
''Continued high U.S. budget and trade deficits could sharply cut economic growth in developing countries by driving up interest rates and weakening the dollar, the World Bank said Wednesday.'' From: World Bank: U.S. deficits may hurt others.

This is just the kind of internationalist crap that George Bush is going to put a stop to by putting Paul Wolfowitz in charge of the World Bank. When it comes to the issue of American budget deficits, is it really even in question whether tax cuts for rich Americans is a much higher priority than ''economic growth in developing countries''?

Thank god (our strong American Christian God of course) that we can put an end to this kind of international scolding from the World Bank. You can bet that Mr. Wolfowitz is going to firing this Hans Timmer guy who held this press conference as soon as he can find the proper forms in his new office.