What the hell kind of bizarro world are we living in? News coming out of the administration is all about the nomination of Jim Yong Kim, a Dartmouth professor and described as a public health expert or, as the WSJ put it, a world health expert. What does a health expert have to do with economics? On the surface this appears to be an attempt by Obama to nominate someone who he knows will not get the position in order to hand over control of the World Bank to somebody other then the United States. The United States has been the head of the World Bank ever since it’s inception shortly after World War II.
The United States has picked a public health expert of South Korean origin as its candidate for the World Bank presidency, a job emerging market economies are contesting for the first time.
President Barack Obama will nominate Jim Yong Kim, president of Dartmouth College in New Hampshire and former director of the Department of HIV/AIDS at the World Health Organization, a senior administration official said on Friday.
All of the other nominees for this position have an economic or business background. If Obama’s guy does get the consensus of the board can we expect Americans to then be on the hook for some sort of worldwide Obamacare plan?
Excuse me I need to go get some pain medicine to relieve the pain from banging my head on my desk.