IMF backs Trump's economic agenda

I happen to agree with IMF on this one. Less taxes. Less regulations. Less deficit. Less spending on useless things. More spending on infrastructure. Improved trade negotiations.

Sorry Democrats, welfare state just don't work. Look at Illinois. Borrowing more and more for welfare in Chicago and eventually end up in trouble.

The IMF suggests tax reform, less regulation and infrastructure spending to boost U.S. growth. Those recommendations resemble President Donald Trump's agenda, though there are some differences. In addition, the IMF suggests deficit reduction, educational improvements and improved trade agreements such as NAFTA.

Trump has always had an advantage on the economy: Larry Kudlow Trump has always had an advantage on the economy: Larry Kudlow Tuesday, 13 Jun 2017 | 2:03 PM ET | 04:16 The U.S. economy needs tax reform, infrastructure spending and better regulations to make sure the benefits of expansion hit everyone, according to the International Monetary Fund. Without mentioning President Donald Trump by name, the IMF's recommendations dovetail for the most part with the White House's economic goals.

The domestic economy is in both its third-longest expansion since 1850 and one of its slowest growth periods ever. Since the end of the Great Recession, GDP has grown less than 2 percent annually and looks headed for another year around that level. Trump has proposed a mix of tax cuts and regulatory rollbacks as well as spending on the country's decaying public buildings, roads, bridges and transportation system. "We agree that there is a case for a significant increase in public spending on maintenance, repair and new infrastructure projects," the IMF said.

Trump has always had an advantage on the economy: Larry Kudlow Trump has always had an advantage on the economy: Larry Kudlow Tuesday, 13 Jun 2017 | 2:03 PM ET | 04:16 The U.S. economy needs tax reform, infrastructure spending and better regulations to make sure the benefits of expansion hit everyone, according to the International Monetary Fund. Without mentioning President Donald Trump by name, the IMF's recommendations dovetail for the most part with the White House's economic goals. "The U.S. economic model is not working as well as it could in generating broadly shared income growth," the IMF said in a report summary. "The right policy package represents an upside risk to growth and would serve to ensure a broad-based improvement in living standards." In addition to backing the three prongs of the administration's agenda, the IMF has a number of other recommendations: Deficit reduction, immigration reform and trade policy that is "free, fair and mutually beneficial." Trump's statements and a few of his early moves in office sparked worries about a trade war. But the IMF report seems to concur with some of the president's feelings, particularly about renegotiating global treaties.

full article here

www.cnbc.com...

No offense, but I think that might be a slight misread of what the IMF have said there.


"The U.S. economy needs tax reform, infrastructure spending and better regulations to make sure the benefits of expansion hit everyone, according to the International Monetary Fund."


Better regulations to make sure the benefits of expansion hit everyone... that's... kind of a socialist principle.


"The U.S. economic model is not working as well as it could in generating broadly shared income growth," the IMF said in a report summary. "The right policy package represents an upside risk to growth and would serve to ensure a broad-based improvement in living standards."


So that's a better sharing out of the wealth so that the rich get less and the poor get more. Again. Socialist principle.



"The report also advocates for education reforms as well as child-care support, paid family leave, a higher federal minimum wage and expanding the earned income tax credit program."


And that's more socialist principles, no?

a reply to: allsee4eye

I found this buried at the bottom of the article:

However, the report issues some caution.

While the IMF backs changes in regulations to the financial system to alleviate the burden for small banks, it says the rest of the post-financial crisis reforms should be left largely intact. As for businesses, though, there is room for improvement in "a simplification and streamlining" of current regulations.

The report also calls for deficit reduction through higher taxes and less spending, though economists generally believe Trump's current plans would expand the shortfall. The IMF recommended the U.S. raise taxes on consumption, carbon emissions and gas.

A call for immigration reform also appears somewhat at odds with the administration's goals of tightening borders.

The report also advocates for education reforms as well as child-care support, paid family leave, a higher federal minimum wage and expanding the earned income tax credit program.

Man. That sure is a LOT of caveats.

Sure they do. More taxes, more austerity... how are things shaking out in Greece IMF?

Besides, do we want to give weight to the monetary geopolitical arm of the United States and Western Interests in general?

a reply to: [post=22405458]cenpuppie[/post

And all the time denying trump is a globalist. We are such easy pickings for liars and con men.

a reply to: allsee4eye

total propaganda, get people to equate the banking cartels nefarious agenda with Trump so they can continue the status quo and their plans for world domination....

originally posted by: Krazysh0t
a reply to: allsee4eye

I found this buried at the bottom of the article:

However, the report issues some caution.

While the IMF backs changes in regulations to the financial system to alleviate the burden for small banks, it says the rest of the post-financial crisis reforms should be left largely intact. As for businesses, though, there is room for improvement in "a simplification and streamlining" of current regulations.

The report also calls for deficit reduction through higher taxes and less spending, though economists generally believe Trump's current plans would expand the shortfall. The IMF recommended the U.S. raise taxes on consumption, carbon emissions and gas.

A call for immigration reform also appears somewhat at odds with the administration's goals of tightening borders.

The report also advocates for education reforms as well as child-care support, paid family leave, a higher federal minimum wage and expanding the earned income tax credit program.

Man. That sure is a LOT of caveats.

Lol!

Don't worry, we'll have to endure a lot more of the same only different of this kind of magic thread!

Yay !!!
The top .01% who own half the wealth
of the world need more breaks.
And if they don't get them
we are obviously commies.

Wow I never thought I would see the day when people on the CONSPIRACY minded ATS are agreeing with the IMF.

If the IMF is in favour of your economic strategies, you can be sure that disaster is not far behind. The fact that an openly globalist entity is making encouraging noises about the plans of a US president who is a sworn anti-globalist should be ringing alarm bells already.

The IMF is like a vampire: it is powerless to enter your home unless you invite it in, and once you have invited it you will soon realise that it is not exactly a neighbourly visit.

On the real agendas and outcomes of the IMF I commend this piece by Greg Palast to the membership. It's a nasty read. And it's hard to believe.

Edit to add: No sooner had I posted the above, than my weekly alert from The Economist arrived in my inbox. Its editorial marks July 4 with a sombre warning about the convulsions being caused by the Trump administration. Given that the Economist is practically capitalism's local newspaper, this suggests to my mind that the timing of the IMF's statement isn't coincidental. Make of it what you will.

originally posted by: cenpuppie
Sure they do. More taxes, more austerity... how are things shaking out in Greece IMF?

Besides, do we want to give weight to the monetary geopolitical arm of the United States and Western Interests in general?

That isnt the IMF . That is the EU .

originally posted by: entermemo
Wow I never thought I would see the day when people on the CONSPIRACY minded ATS are agreeing with the IMF.

I been around here forever and a day (one fashion or another) . This may be a first.
However , if true , I agree.

originally posted by: MOMof3
a reply to: [post=22405458]cenpuppie[/post

And all the time denying trump is a globalist. We are such easy pickings for liars and con men.

You really , really need to go back and rethink that one. At least think "Paris Accord" when you do. There are lots of diametrically opposed action by Trump
Definition in case needed
Diametrically opposed
in direct opposition; being at opposite extremes; complete:

Dictionary.com

a reply to: Gothmog

That was a non binding agreement between nations to lower emissions. Easy pickings to back out, just to help the greatest con game in US history.

Suddenly, IMF is not a global entity and good.

originally posted by: Painterz


Better regulations to make sure the benefits of expansion hit everyone... that's... kind of a socialist principle.

So that's a better sharing out of the wealth so that the rich get less and the poor get more. Again. Socialist principle.

Sorry, but you are wrong. There are numerous capitalist principles which are about how capitalism benefits everyone, such as the invisible hand. EVERYONE is supposed to benefit under capitalism, or at least have the opportunity to benefit.

Christine lagarde: IMF could be moved to China
What for? Does she think the Chinese prefer IMF junk to their own banking system?
A better statement would be: Christine , ... when are you getting out of there? When will you stop financing the dead Poroshenko's regime?

a reply to: allsee4eye

IMF sees U.S fading as global growth engine

This also pertains to Britain.

Think you are misreading this.