Monday, August 29, 2011

Huffington Post: IMF chief suggests GOP economic policies won't fix US economy

Chrstine Lagarde, new IMF Director

JACKSON HOLE, WY. -- The new head of the International Monetary Fund said the U.S. needs to stimulate the economy and fix the housing crisis.
New IMF chief Christine Lagarde, said the United States should reach a "credible" plan to control government debts in the future and also push for stronger economic growth now.
Lagarde added:  

Who will believe that commitments to cut spending can survive a lengthy stagnation with prolonged unemployment and social dissatisfaction?

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