ECONOMY - IMF Warns U.S.

Will the Republicans EVER listen? My guess is no. They will continue to worship the policies they had 2000 thru 2008 that almost sunk our U.S. Economy.

"IMF Warns of 'Tepid' U.S. Recovery, Offers Policy Advice" PBS Newshour 7/3/2012

Excerpt

JUDY WOODRUFF (Newshour): The head of the International Monetary Fund issued a warning to U.S. policy-makers today.

In an interview with the NewsHour, Christine Lagarde said Washington must find a way to avoid overreacting to debt and fiscal deadlines at the end of the year. That's when a series of spending cuts are set to take effect, and when Bush era tax cuts are set to expire.

Lagarde suggested prescriptions offered by both political parties could harm the U.S. and global economy. She spoke after the IMF reported that the U.S. recovery remains tepid and is likely to stay that way for the coming year.