Friday, September 10, 2010

IMF admits "solutions" aren't working

Growth in the global economy is likely to slow towards the end of 2010, the International Monetary Fund is warning.

The IMF blames weakness in the financial sector and the crisis of confidence in some national economies.

It is calling on the most developed countries to cut their budget deficits in order to tackle the problem.

That was before they realized that Obama plans to drive up housing prices, which are after all the basis of the economy, by destroying all of those vacant foreclosed houses which are dragging real estate prices down. And you thought he couldn't think big!