Posted on 07/03/2012 7:33:20 AM PDT by Oldeconomybuyer
(CNNMoney) -- Boost the U.S. economy now and worry about cutting deficits later, the International Monetary Fund recommended Tuesday.
The U.S. recovery remains "tepid" and according to the IMF, is expected to grow only 2% this year. Meanwhile, the fiscal cliff looms in 2013, threatening to reduce the economy's growth to only 1% next year.
Amid that weakness and threats from slower growth abroad, the IMF recommended U.S. lawmakers spend more on infrastructure, worker training programs, extended unemployment benefits and fixes for the housing market.
"The composition of spending should be as growth-friendly as possible," the report said.
The IMF also urged lawmakers to raise the debt ceiling as soon as possible.
(Excerpt) Read more at money.cnn.com ...
...and they have such a great record to go on pontificating! Based on past results, the best advice is to do the OPPOSITE of what the IMF recommends.
The IMF couldn’t close an umbrella.
However, it has one of the best pension plans in the nation.
Ugh.
Hussein Heads say SPEND MORE!
FU Hussein Heads!
Why should we raise the debt limit, yet again?
Why not bring back US jobs?
Just asking.
Had to check up top to see if this was The Onion or that other satire site. Should have known, it’s for real.
And we need their advice why???
The IMF should be legally declared a weapon of mass destruction.
The cool thing is that IMF employees (and the UN, etc.) receive vast compensation packages - income tax free. These ruling elites have all the answers for the serfs they govern.
http://www.bloomberg.com/news/2011-07-22/are-tax-free-imf-salaries-inflated-echoes.html
First, we need a changing of the guard, from the IMF to Treasury, the Fed, and everywhere Rand libertarians who have suddenly evolved into Keynesian parasites reside. Ooopsee, I should digress. First we need a changing of the guard at the White House, and in the Senate. This country needs to become business friendly again, and self-interested again. The way the US becomes a leader and inspiration to the rest of the world is by doing what is right for the US.
I’m just glad we’re not in a recession. /s Imagine how bad the economy would be if we were. Well, okay, the economy does suck, but we’re not in a recession. At least that’s what I am told. The recession officially ended in 2011. Chuckle...
I was watching HGTV on Sunday, and they had a guy on that was looking for a condo in downtown Atlanta. He looked at three of them. The asking price..., $40 to $44 thousand dollars.
The realtor explained that these condos would have been going for $125 to $150 thousand dollars one to two years ago.
The guy settled on one of the condos they were asking $44k for, and he got it for $33,000.
If we’re not in a recession, the word is essentially meaningless.
Property values have been sliced, some of them almost destroyed. Tens of millions are out of work. Many of them have given up looking. Still massive amounts of people are filing new unemployment claims each week.
What exactly is Obama’s claim for stating he deserves to be re-elected?
I see these polls out there that show him neck and neck with Romney and I laugh. Romney is horse s—t, but Obama is whale s—t. In the mind of U. S. voters these days, I’m rather certain horse s—t wins.
Adios Kenyan!
Well...
I COULD see a benefit from immediately hiring teams of American citizens to build low-tech chain-link fences (one behind another) along our border with Mexico. And we should buy the materials from a private supplier like Home Depot or Lowes to keep the GSA’s kickback-seeking hands away from that project.
This would be a “two-fer” if we could pay for those materials and that labor with funds currently expected by the UN, the IMF, and so many others that waste our money and never say “Thank you”...
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.