IMF urges stimulus to help "dire" job market(open your wallet)

Reuters ^ | 09/13/10 | Walter Gibbs and Gwladys Fouche

[TigerLikesRooster]

IMF urges stimulus to help "dire" job market

By Walter Gibbs and Gwladys Fouche

OSLO (Reuters) – The world's rich countries need to extend fiscal stimulus and job growth initiatives to fix a "dire" labor market that could threaten entire societies, the International Monetary Fund said on Monday.

At a conference co-hosted by the IMF and the International Labor Organization, visiting Spanish Prime Minister Jose Luis Rodriquez Zapatero said high unemployment may trigger a "crisis of confidence" in Europe.

The IMF said more and more workers worldwide were unable to find jobs for longer periods, weakening social cohesion and raising risks of unrest and even undermining democracy.

"The labor market is in dire straits," IMF Managing Director Dominique Strauss-Kahn told the one-day meeting, adding that the Great Recession had left a "wasteland of joblessness." "We must acknowledge that the crisis will not be over until unemployment declines significantly," he said, calling growth and jobs the "most urgent problems."

[TigerLikesRooster]

BOHICA.

[TigerLikesRooster]

P!

[RexBeach]

You know, if I slept all the live long day, I would do a better job than the meatheads running the IMF.

These guys couldn’t close an umbrella.

[screaminsunshine]

We should blow off this Global Economy BS. It has broken us down. I would bring all the Troops home to defend the USA and cancel all the Global deals. We have enough resources to become what we once were very quickly. This Boots on the ground PC Nation Building has got to stop. It will require destruction of the current financial system and a return to Free Market Capitalism. Our Defense Department need to be rebuilt to protect the USA. Our Carriers should be refitted to deploy F-22 Raptors anywhere in the world and a new fleet of Stealth Bombers and Cruise Missiles built from scratch. A counter Revolution is the only thing that will save the Constitution at this point. In fact it is pointless to continue the charade of the good cop bad cop Republicans and Democrats.

[Republic_of_Secession.]

Stimulus is becoming synonymous with taxation.

[no-to-illegals]

thus stimulus and bailout are now synonyms

bailouts only last till the money is gone.
then presto...another stimulus / bailout is necessary

vicious circles do not end well...imho

[Zakeet]

You know, if I slept all the live long day, I would do a better job than the
meatheads running the IMF. ... These guys couldn’t close an umbrella.

[Bob Buchholz]

The world's rich countries need to extend fiscal stimulus and job growth initiatives to fix a "dire" labor market that could threaten entire societies, the International Monetary Fund said on Monday.

At least they are not talking about the USA, because:
WE ARE FREAKIN' BROKE!!!