Embattled World Bank President Paul Wolfowitz has finally thrown in the towel and resigned. His position had become increasingly precarious since it became public knowledge that he had negotiated a hefty pay increase for his girlfriend, also a World Bank employee.
Wolfowitz had tried to defend his actions by arguing that he had done nothing wrong, that the Bank's ethics committee had approved the raise, that people were unfairly picking on him, and that Saddam had weapons of mass destruction. But in the end none of that mattered.
Some would argue that his tenure at the financial institution was doomed from the start. Even when Bush nominated Wolfowitz for the job in 2005, there was a lot of opposition. Most of it had to do with the fact that he had been Deputy Secretary of Defense under Rumsfeld and was one of the principal architects of the invasion of Iraq. And as the situation in the middle east has deteriorated further, the opposition to Wolfowitz had only intensified.
It is unclear at the moment who will replace him. After the turmoil of the last few months, the World Bank needs someone cool and competent at its helm; someone whose character is beyond reproach; someone who has a proven track record in Washington and is acceptable to both Democrats and Republicans.
Say.... Alberto Gonzales may be looking for a job soon!
Wolfowitz had tried to defend his actions by arguing that he had done nothing wrong, that the Bank's ethics committee had approved the raise, that people were unfairly picking on him, and that Saddam had weapons of mass destruction. But in the end none of that mattered.
Some would argue that his tenure at the financial institution was doomed from the start. Even when Bush nominated Wolfowitz for the job in 2005, there was a lot of opposition. Most of it had to do with the fact that he had been Deputy Secretary of Defense under Rumsfeld and was one of the principal architects of the invasion of Iraq. And as the situation in the middle east has deteriorated further, the opposition to Wolfowitz had only intensified.
It is unclear at the moment who will replace him. After the turmoil of the last few months, the World Bank needs someone cool and competent at its helm; someone whose character is beyond reproach; someone who has a proven track record in Washington and is acceptable to both Democrats and Republicans.
Say.... Alberto Gonzales may be looking for a job soon!
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