International Monetary Fund warns Third First World Debtor
The IMF took a break from making demands and issuing warnings to banana republics and developing nations to tell Uncle Sam to get its shit together.
The International Monetary Fund has added to the growing pressure on the US Congress to approve the Wall Street bail-out, as stockmarkets rose on optimism that a deal will be hammered out this week.
Dominique Strauss-Kahn, managing director of the IMF, warned last night that the US must take urgent steps to protect its economy from the ongoing financial crisis.
“We’re right at the moment where action is needed,” warned Strauss-Kahn. “A non-perfect plan is better than no plan at all,” he added, in an interview with Reuters in Washington.
It’s amazing, the amount of devastation 8 years of Bush’s Presidency has wrought. From the most powerful economy with a government running annual surpluses and leader of the free world, to the world’s biggest debtor getting pauper warnings from the IMF and an increasingly dubious reputation among our steadfast allies.
The Bush administrations policy of preemptive aggression and now its contradictory standards for nuclear proliferation must be reversed by the next administration in order to restore Americas ability to lead by example in world affairs.