IMF Presents Bad News for Both U.S. Presidential Candidates

IMF admits US recovery is ‘tepid’ but urges Obama to avoid drastic cuts | Business | guardian.co.uk.

The IMF is now warning the United States not to implement drastic spending cuts in the face of such a slow economic recovery.  In other words, stay away from the austerity programs that have gotten European countries in so much trouble financially.  This means bad news for Obama since the economy is not going to recovery very quickly (but will continue a recovery).  And this is even worse news for Romney since his proposed cuts in spending will only make matters worse for the U.S. and world economy (hence the IMF’s concern with what we are projecting to do).  The question now becomes will our leaders listen to the experts this time or will their advice be ignored in the interest of winning votes despite the awful forecast for those measures?

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