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Monday, September 13, 2010

IMF on US stimulus: 'The fact that the stimulus was absolutely useful is not challenged by anyone now'

Well, besides the repugicans and teabaggers at least. The sane part of the country agrees it was beneficial.

CNBC:
The US has taken the correct approach in dealing with the economic slowdown and making sure the recovery is sustainable, Strauss-Kahn added.

"It's not our baseline. We don't believe that the double dip will take place," he said.

Fears of a double dip have increased recently, with some analysts saying austerity in Europe could sink the world into a second recession

Stimulus spending was the key for containing the crisis, according to Strauss-Kahn.
(For those unfamiliar with Dominique Strauss-Kahn, he is also one of the leading possible candidates to run for president in France against Sarkozy in 2012.)

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