In case you didn't know it the Washington Consensus is dead: IMF urges government spending

[malaise]

http://news.bbc.co.uk/2/hi/business/7794255.stm
<snip>
More spending by governments will be needed to stimulate worldwide economic growth, the head of the International Monetary Fund (IMF) has told the BBC.

Dominique Strauss-Kahn said he feared measures announced by the Group of 20 nations last month would not be enough.

The IMF has already cut its forecast for global growth next year, and he said the next projection, due in January, would be even worse.

Mr Strauss-Kahn spoke of "2009 as really being a bad year".

"I'm specially concerned by the fact that our forecast, already very dark... will be even darker if not enough fiscal stimulus is implemented," he said in an interview with BBC Radio 4.
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After 30 years of fucking up the economies of developing countries, they now want governments to do what they were doing before neo-liberalism came down the pike.

[Donnachaidh]

1. Let the Wealthy start paying REAL TAXES and then we'll get it going

All these *funds* suddenly playing chicken little still smells like fearmongering to get at the last bit of cash left on the floor in the vault.

Start TAXING the wealthy at 90% and we'll start seeing some movement in the right direction.

[Vincardog]

2. How about having an Alternative Minimum Tax for the Corporations?

[entanglement]

3. K & R