Democratic Underground Latest Greatest Lobby Journals Search Options Help Login
Google

Shocking!: **IMF urges stimulus to help "dire" job market**

Printer-friendly format Printer-friendly format
Printer-friendly format Email this thread to a friend
Printer-friendly format Bookmark this thread
This topic is archived.
Home » Discuss » Archives » General Discussion (1/22-2007 thru 12/14/2010) Donate to DU
 
laughingliberal Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Sep-13-10 11:01 AM
Original message
Shocking!: **IMF urges stimulus to help "dire" job market**
Edited on Mon Sep-13-10 11:26 AM by laughingliberal
By Walter Gibbs and Gwladys Fouche 1 hr 17 mins ago
OSLO (Reuters) The world's rich countries need to extend initiatives to boost spending and support employment to fix a "dire" labor market that could threaten entire societies, the International Monetary Fund said on Monday.
At a conference co-hosted by the IMF and the International Labor Organization, visiting Spanish Prime Minister Jose Luis Rodriquez Zapatero said high unemployment may trigger a "crisis of confidence" in Europe.
The IMF said more and more workers worldwide were unable to find jobs for longer periods, weakening social cohesion and raising risks of unrest and even undermining democracy.
"The labor market is in dire straits," IMF Managing Director Dominique Strauss-Kahn told the one-day meeting, adding that the Great Recession had left a "wasteland of joblessness." "We must acknowledge that the crisis will not be over until unemployment declines significantly," he said, calling growth and jobs the "most urgent problems." <snip>

Read more: http://news.yahoo.com/s/nm/20100913/bs_nm/us_imf_employ...

When even the IMF starts advocating stimulus and saying jobs are more important than deficits, it's really time to pay attention.

Time to disband the deficit commission and convene commissions on jobs and poverty.

Well, it was time 2 years ago but if this doesn't give us the political cover to do it, nothing will.
Printer Friendly | Permalink |  | Top
bvar22 Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Sep-13-10 11:35 AM
Response to Original message
1. President Obama has ratcheted up the Populist Rhetoric this week.
I have been delighted with his recent public performances.
I pray he puts deeds to his words.
If he shows up for the fight,
I will STAND beside him.
:patriot:
Printer Friendly | Permalink |  | Top
 
laughingliberal Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Sep-13-10 11:38 AM
Response to Reply #1
2. I'm with you! It's been good to hear a little FDR in his words, lately!
:patriot:
Printer Friendly | Permalink |  | Top
 
dflprincess Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Sep-13-10 08:04 PM
Response to Reply #2
21. It is
now let's hope we see some FDR in his actions.
Printer Friendly | Permalink |  | Top
 
Kurt_and_Hunter Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Sep-13-10 11:40 AM
Response to Original message
3. Glad to see the IMF finally got electricity in their building
Printer Friendly | Permalink |  | Top
 
laughingliberal Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Sep-13-10 11:42 AM
Response to Original message
4. ROFL!!!! Neoliberals not amused by this...
Why else would someone unrec a call for jobs' programs and expanded social safety nets? They do exist!

:rofl:
Printer Friendly | Permalink |  | Top
 
bvar22 Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Sep-13-10 11:47 AM
Response to Reply #4
5. Their agenda is clear.
I'll pop in and kick this for wider distribution among the lower 98% of us who have to Work for a Living.
:patriot:


"There are forces within the Democratic Party who want us to sound like kinder, gentler Republicans. I want us to compete for that great mass of voters that want a party that will stand up for working Americans, family farmers, and people who haven't felt the benefits of the economic upturn."---Paul Wellstone


Printer Friendly | Permalink |  | Top
 
laughingliberal Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Sep-13-10 01:25 PM
Response to Reply #5
6. Thanks!
:hi:
Printer Friendly | Permalink |  | Top
 
Supersedeas Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Sep-13-10 04:24 PM
Response to Reply #5
12. as for the Corp Media who shills for those with a vested interest--facts are to be buried
Printer Friendly | Permalink |  | Top
 
w8liftinglady Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Sep-13-10 02:22 PM
Response to Reply #4
9. THAT's how you know you've written well!
Printer Friendly | Permalink |  | Top
 
DJ13 Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Sep-13-10 02:19 PM
Response to Original message
7. When even the IMF starts advocating stimulus
I think the elites are finally starting to get concerned about what a worldwide angry mob might mean for their own necks.

Might be too late though.

Printer Friendly | Permalink |  | Top
 
w8liftinglady Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Sep-13-10 02:21 PM
Response to Original message
8. great-I plan to focus a lot of my editorial time on how America screwed itself
or,more specifically,how the tax cuts of 2001 and 2003 did nothing to help create jobs,did nothing to support the troops,and only succeeded in supporting the top 2% of the nation...
Printer Friendly | Permalink |  | Top
 
laughingliberal Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Sep-13-10 02:30 PM
Response to Reply #8
10. I think we can make the same case about tax cuts for the top for the past 30 years.
Weak job creation; Stagnant/declining wages in the few jobs that were created.

The history is undeniable. When the top rates were high, the middle class was growing AND poverty was being reduced. All the destruction of the working/middle classes and the rise in poverty have their roots in the policies ushered in by Reagan.
Printer Friendly | Permalink |  | Top
 
girl gone mad Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Sep-13-10 11:03 PM
Response to Reply #8
26. Can't wait to read that one!
Printer Friendly | Permalink |  | Top
 
G_j Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Sep-13-10 02:34 PM
Response to Original message
11. you said it!
"When even the IMF starts advocating stimulus and saying jobs are more important than deficits, it's really time to pay attention."


(I think that is unprecedented)
Printer Friendly | Permalink |  | Top
 
chill_wind Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Sep-13-10 04:37 PM
Response to Original message
13. K & R.
Needs to be seen and known.
Printer Friendly | Permalink |  | Top
 
Eyerish Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Sep-13-10 05:39 PM
Response to Original message
14. K&R
Printer Friendly | Permalink |  | Top
 
xchrom Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Sep-13-10 05:42 PM
Response to Original message
15. They must be wanting a stimulus from rich nations
Themselves.

So they can make more disastrous loans
To poor nations.
Printer Friendly | Permalink |  | Top
 
lumberjack_jeff Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Sep-13-10 06:13 PM
Response to Original message
16. Is the blind squirrel phenomenon? n/t
Printer Friendly | Permalink |  | Top
 
nashville_brook Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Sep-13-10 06:34 PM
Response to Original message
17. good advice. k and r.
Printer Friendly | Permalink |  | Top
 
Dawson Leery Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Sep-13-10 06:41 PM
Response to Original message
18. Two things:
Either the IMF is looking for more $$$$$$$$$$$$$ for their aristocratic owners or their are scared that
the people are angry and a real crisis could exist that would threaten their existence.
Printer Friendly | Permalink |  | Top
 
laughingliberal Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Sep-13-10 06:58 PM
Response to Reply #18
19. Or...
the whole world economy is about to come crashing down and they've finally figured out it can't be rebuilt by a few bankers and a bunch of people without jobs.

I thought something was afoot a few months ago when Bernanke warned Congress not to cut spending. When a true believer like Ben stops preaching deficit reduction...Repent!...the end is near.
Printer Friendly | Permalink |  | Top
 
Greyhound Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Sep-13-10 07:53 PM
Response to Original message
20. .
Printer Friendly | Permalink |  | Top
 
cordelia Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Sep-13-10 08:31 PM
Response to Original message
22. Thank you for posting this.
K & R
Printer Friendly | Permalink |  | Top
 
northernlights Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Sep-13-10 08:51 PM
Response to Original message
23. K&R nt
Printer Friendly | Permalink |  | Top
 
flyarm Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Sep-13-10 09:30 PM
Response to Original message
24. K&R!!!
Printer Friendly | Permalink |  | Top
 
HCE SuiGeneris Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Sep-13-10 10:00 PM
Response to Original message
25. K & R
Printer Friendly | Permalink |  | Top
 
DU AdBot (1000+ posts) Click to send private message to this author Click to view 
this author's profile Click to add 
this author to your buddy list Click to add 
this author to your Ignore list Mon Jul 28th 2014, 06:48 PM
Response to Original message
Advertisements [?]
 Top

Home » Discuss » Archives » General Discussion (1/22-2007 thru 12/14/2010) Donate to DU

Powered by DCForum+ Version 1.1 Copyright 1997-2002 DCScripts.com
Software has been extensively modified by the DU administrators


Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.

Home  |  Discussion Forums  |  Journals |  Store  |  Donate

About DU  |  Contact Us  |  Privacy Policy

Got a message for Democratic Underground? Click here to send us a message.

© 2001 - 2011 Democratic Underground, LLC