GUARDIAN UPDATE: Charles Johnson reports:

The Guardian’s lie about Paul Wolfowitz was even more egregious and disgraceful than it first appeared—because the accurate quote from Wolfowitz was published on their own web site last weekend, in a context that makes it unmistakably clear what Wolfowitz was saying: U.S. to Put Economic Pressure on N. Korea.

North Korea would respond to economic pressure, unlike Iraq, where military action was necessary because the country’s oil money was propping up the regime, Wolfowitz told delegates at the second annual Asia Security Conference in Singapore.

“The country is teetering on the edge of economic collapse,” Wolfowitz said. “That I believe is a major point of leverage.”

“The primary difference between North Korea and Iraq is that we had virtually no economic options in Iraq because the country floats on a sea of oil,” he said.

Pretty damning.