party politics

[Doug Henwood]

While we're on the topic of the differences between Dems and Reps, a 
reminder of just how profound they are appeared in Saturday's 
Financial Times, in the form of this quote from Tim Geithner, 
under-secretary of the Treasury, commenting on debt relief proposals 
for Zambia (on which the U.S. and Germany are taking a very hard 
line): "The success of the debt relief initiative depends not on the 
spped and depth of the relief but on the credibility of the policies 
it produces in recipient countries" [Alan Beattie, "Zambia wins 
special deal on debt relief," Financial Times, December 9, 2000, p. 
2]. I.e., more structural adjustment! James Baker couldn't have put 
it any better, could he?

Doug