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No Complacency on Asia
A
SIA'S CURRENCIES have stabilized, and
economic reform. But even South Korea remains
stock markets are bouncing back. The U.S.
vulnerable to shifts in fickle and sometimes irratio-
economy continues to roll, with 358,000 jobs
nal international financial flows. So do nations not
created last month as wages rise, unemployment
yet infected, or barely infected, by the Asian
remains low and the Dow Jones average forges
"contagion," from China to Hong Kong to Russia to
ahead. Maybe, a member of Congress might think,
Brazil. Any one of these developing nations, or all
the Asian financial storm has blown past. Maybe
of them, could be tripped up by a congressional
we don't have to give the International Monetary
refusal to support the IMF.
Fund all those billions the Clinton administration is
Critics attack the IMF, the international organi-
pressing for.
zation leading the financial rescues of Asia's econ-
If only it were so. Unfortunately, on many levels,
omies, on two grounds. Some accept its impor-
it is too soon to relax. For millions of workers and
tance but cite the mistakes it has made. It has made
their families in Indonesia, Thailand, South Korea
mistakes, and it does need to be more open in its
and elsewhere, trouble is just beginning. Even if
functioning. But the reforms it's promoting this
their nations' currencies and stock markets have
time around-for less corruption and cronyism,
bottomed out, the consequences of rising unem-
ployment, slowed economic growth and declining
greater openness, reliable unemployment insur-
standards of living have yet to unfold. To some
ance and more-will promote democracy and
extent, such consequences are unavoidable. But
social welfare if faithfully implemented.
Americans have more than a humanitarian interest
Other critics question the need for the IMF at all,
in mitigating Asia's pain.
saying it distorts the free market and rewards, or at
So far, the economic impact on the United States
least relieves, those in the private sector who have
has been, if anything, beneficial, as Asia's crisis
gambled foolishly and do not deserve relief. The
dampens inflationary pressure here. But in the
simplest answer to this is that we do not know what
coming months the impact is likely to be less
might have happened, and what might yet happen,
positive, as competitive pressures threaten some
without the IMF as a stabilizing force. The possibility
American jobs. And if the economic crisis worsens
of global financial meltdown is real enough-and
and provokes ethnic riots in Indonesia and social
frightening enough-not to be trifled with.
instability elsewhere, the national security and
At the same time, no one likes to have to choose
economic impact on the United States could be
between bailing out the unworthy and risking
adverse in the extreme.
world depression. After Mexico's financial crisis in
Moreover, the financial situation remains pre-
1994, the IMF instituted some reforms that were
carious. This is especially so in Indonesia, where
meant to guard against a repetition. They obvious-
the dictatorial President Suharto refuses to recog-
ly didn't do the job. Now it would help the
nize the need for more democracy or to prepare
administration's position, and the IMF's, if both
TheWashington Post
MONDAY, FEBRUARY 9, 1998!]
the ground for a political transition. Democratic
were seen to be hard at work to prevent the next
South Korea is in far better shape, thanks to the
crisis. Shoring up the IMF's financial position is a
earnestness and skill with which President-elect
necessary step toward that end. But it can't be the
Kim Dae Jung has devoted himself to far-reaching
only step.
A New Surgeon General
T
HE SENATE is finally to vote this week on
tion of this doctor. "Dr. Satcher's confirmation would
the nomination of David Satcher, currently
reject America at her highest and best and
would
director of the Centers for Disease Control
say we are willing to accept a series of values
far
and Prevention (CDC), to be surgeon general and
beneath what the American people endorse," he said.
assistant secretary of health at the Department of
"We should not have a surgeon general who would
Health and Human Services. To get to the nomina-
participate in an assault on the values of America."
tion, it will apparently have to invoke cloture and
He objects to the fact that Dr. Satcher supports
break the equivalent of a filibuster by Sen. John
the president's highly qualified position with re-
Ashcroft of Missouri. The 60 votes for cloture are
gard to so-called partial-birth abortion. The objec-
said to exist, as well they should. The effort on Mr.
tion is fair enough. But the president hardly can be
Ashcroft's part to make this nomination stand for
something it does not has been a misuse of the
expected to send up a nominee who disagrees with
Senate's power to advise and consent, which the
his position, and the doctor says the issue is not
Senate should reject.
one with which he would be particularly concerned
Dr. Satcher was president of Meharry Medical
as surgeon general. That's hardly enough to
College in Nashville until he became director of the
convert him into the symbol Sen. Ashcroft seeks to
CDC in 1993. He has spent pretty much his entire
make of him. Nor are the carefully balanced
career in the fields of medical education and commu-
professional positions he has taken on the other
nity health. His professional qualifications for the job
issues Sen. Ashcroft raises-clean needles for
for which he is nominated are beyond question.
drug users and protocols for testing and treating
Sen. Ashcroft, who has been trying to drum up
people with the AIDS virus. "Satcher's in trouble
support within the religious right for a run for the
because he's outside the mainstream not only of
Republican presidential nomination, claims not to
America generally but of America's medical com-
question Dr. Satcher's professional qualifications.
munity," the senator says of the nominee, who
Rather, he portrays the issue as one of morality In a
carries the endorsement of the American Medical
remarkable floor speech the other day, he said. "I can
Association as "a man of tremendous integrity and
remember a surgeon general of this administration
commitment to public health."
who wanted to legalize drugs. We have seen Cabinet
Surgeon general is a mostly hortatory job but
secretaries come forward to admit their infidelity.
potentially an influential one for which Mr. Clin-
Then one day the vice president goes out and
ton's first choice was ill-suited. His second was a
endorses and embraces Hollywood and all of the
victim of abortion politics. Dr. Satcher, finally,
values that Hollywood would propound." From that,
would fill it well, and after three years, the position
and from the swirl of scandal surrounding the
ought to be filled. Sen. Ashcroft should find himself
president, he somehow made his way to the nomina-
another stage.
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"ocrText": "No Complacency on Asia\nA\nSIA'S CURRENCIES have stabilized, and\neconomic reform. But even South Korea remains\nstock markets are bouncing back. The U.S.\nvulnerable to shifts in fickle and sometimes irratio-\neconomy continues to roll, with 358,000 jobs\nnal international financial flows. So do nations not\ncreated last month as wages rise, unemployment\nyet infected, or barely infected, by the Asian\nremains low and the Dow Jones average forges\n\"contagion,\" from China to Hong Kong to Russia to\nahead. Maybe, a member of Congress might think,\nBrazil. Any one of these developing nations, or all\nthe Asian financial storm has blown past. Maybe\nof them, could be tripped up by a congressional\nwe don't have to give the International Monetary\nrefusal to support the IMF.\nFund all those billions the Clinton administration is\nCritics attack the IMF, the international organi-\npressing for.\nzation leading the financial rescues of Asia's econ-\nIf only it were so. Unfortunately, on many levels,\nomies, on two grounds. Some accept its impor-\nit is too soon to relax. For millions of workers and\ntance but cite the mistakes it has made. It has made\ntheir families in Indonesia, Thailand, South Korea\nmistakes, and it does need to be more open in its\nand elsewhere, trouble is just beginning. Even if\nfunctioning. But the reforms it's promoting this\ntheir nations' currencies and stock markets have\ntime around-for less corruption and cronyism,\nbottomed out, the consequences of rising unem-\nployment, slowed economic growth and declining\ngreater openness, reliable unemployment insur-\nstandards of living have yet to unfold. To some\nance and more-will promote democracy and\nextent, such consequences are unavoidable. But\nsocial welfare if faithfully implemented.\nAmericans have more than a humanitarian interest\nOther critics question the need for the IMF at all,\nin mitigating Asia's pain.\nsaying it distorts the free market and rewards, or at\nSo far, the economic impact on the United States\nleast relieves, those in the private sector who have\nhas been, if anything, beneficial, as Asia's crisis\ngambled foolishly and do not deserve relief. The\ndampens inflationary pressure here. But in the\nsimplest answer to this is that we do not know what\ncoming months the impact is likely to be less\nmight have happened, and what might yet happen,\npositive, as competitive pressures threaten some\nwithout the IMF as a stabilizing force. The possibility\nAmerican jobs. And if the economic crisis worsens\nof global financial meltdown is real enough-and\nand provokes ethnic riots in Indonesia and social\nfrightening enough-not to be trifled with.\ninstability elsewhere, the national security and\nAt the same time, no one likes to have to choose\neconomic impact on the United States could be\nbetween bailing out the unworthy and risking\nadverse in the extreme.\nworld depression. After Mexico's financial crisis in\nMoreover, the financial situation remains pre-\n1994, the IMF instituted some reforms that were\ncarious. This is especially so in Indonesia, where\nmeant to guard against a repetition. They obvious-\nthe dictatorial President Suharto refuses to recog-\nly didn't do the job. Now it would help the\nnize the need for more democracy or to prepare\nadministration's position, and the IMF's, if both\nTheWashington Post\nMONDAY, FEBRUARY 9, 1998!]\nthe ground for a political transition. Democratic\nwere seen to be hard at work to prevent the next\nSouth Korea is in far better shape, thanks to the\ncrisis. Shoring up the IMF's financial position is a\nearnestness and skill with which President-elect\nnecessary step toward that end. But it can't be the\nKim Dae Jung has devoted himself to far-reaching\nonly step.\nA New Surgeon General\nT\nHE SENATE is finally to vote this week on\ntion of this doctor. \"Dr. Satcher's confirmation would\nthe nomination of David Satcher, currently\nreject America at her highest and best and\nwould\ndirector of the Centers for Disease Control\nsay we are willing to accept a series of values\nfar\nand Prevention (CDC), to be surgeon general and\nbeneath what the American people endorse,\" he said.\nassistant secretary of health at the Department of\n\"We should not have a surgeon general who would\nHealth and Human Services. To get to the nomina-\nparticipate in an assault on the values of America.\"\ntion, it will apparently have to invoke cloture and\nHe objects to the fact that Dr. Satcher supports\nbreak the equivalent of a filibuster by Sen. John\nthe president's highly qualified position with re-\nAshcroft of Missouri. The 60 votes for cloture are\ngard to so-called partial-birth abortion. The objec-\nsaid to exist, as well they should. The effort on Mr.\ntion is fair enough. But the president hardly can be\nAshcroft's part to make this nomination stand for\nsomething it does not has been a misuse of the\nexpected to send up a nominee who disagrees with\nSenate's power to advise and consent, which the\nhis position, and the doctor says the issue is not\nSenate should reject.\none with which he would be particularly concerned\nDr. Satcher was president of Meharry Medical\nas surgeon general. That's hardly enough to\nCollege in Nashville until he became director of the\nconvert him into the symbol Sen. Ashcroft seeks to\nCDC in 1993. He has spent pretty much his entire\nmake of him. Nor are the carefully balanced\ncareer in the fields of medical education and commu-\nprofessional positions he has taken on the other\nnity health. His professional qualifications for the job\nissues Sen. Ashcroft raises-clean needles for\nfor which he is nominated are beyond question.\ndrug users and protocols for testing and treating\nSen. Ashcroft, who has been trying to drum up\npeople with the AIDS virus. \"Satcher's in trouble\nsupport within the religious right for a run for the\nbecause he's outside the mainstream not only of\nRepublican presidential nomination, claims not to\nAmerica generally but of America's medical com-\nquestion Dr. Satcher's professional qualifications.\nmunity,\" the senator says of the nominee, who\nRather, he portrays the issue as one of morality In a\ncarries the endorsement of the American Medical\nremarkable floor speech the other day, he said. \"I can\nAssociation as \"a man of tremendous integrity and\nremember a surgeon general of this administration\ncommitment to public health.\"\nwho wanted to legalize drugs. We have seen Cabinet\nSurgeon general is a mostly hortatory job but\nsecretaries come forward to admit their infidelity.\npotentially an influential one for which Mr. Clin-\nThen one day the vice president goes out and\nton's first choice was ill-suited. His second was a\nendorses and embraces Hollywood and all of the\nvictim of abortion politics. Dr. Satcher, finally,\nvalues that Hollywood would propound.\" From that,\nwould fill it well, and after three years, the position\nand from the swirl of scandal surrounding the\nought to be filled. Sen. Ashcroft should find himself\npresident, he somehow made his way to the nomina-\nanother stage."
}