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Trump Nominates David Malpass, Who Hates World Bank, To Head World Bank
Here is another example of a Republican being appointed to lead an organization or department who entirely hates its purpose and existence. The best way to gain power under Trump and Republicans as they seek to dismantle government-related entities that help ensure a functional Planet Earth is to spend your career hating said entities.
Trump has nominated Treasury Department official David Malpass, a vocal critic of the World Bank, to head the international financial institution. If approved by the countries that control the World Bank's governing board, which is considered likely, Malpass would replace Jim Yong Kim, who announced his resignation in January....
Malpass, 62, is a conservative with longstanding ties to Trump. He once worked as chief economist at investment bank Bear Stearns, which collapsed in 2008 in the midst of the financial crisis. At Treasury, Malpass is currently involved in tense trade negotiations with China.
Oh great, those China trade negotiations that are going as poorly for both sides as possible.
The naming of Malpass already is generating outrage among some political critics and members of the international development community.
"David Malpass is a Trump loyalist who has committed economic malpractice on a wide range of topics," said Justin Sandefur, senior fellow at the Center for Global Development. "There is no case for Malpass on merit."
"David Malpass would be a disastrous, toxic choice for World Bank president," tweeted Tony Fratto, who served in the Treasury Department under President George W. Bush.
While the World Bank board must approve the president, it traditionally defers to the U.S. over the appointment. One World Bank official who asked not to be named said it wasn't certain whether member countries have the stomach to oppose the Trump administration on the issue.
Oh and this:
Addressing climate change, which has been a priority for the World Bank, was pointedly not among the benchmarks of success named....
Only the best.....