WASHINGTON: The slowdown in the US economy is not as bad as previously estimated, the International Monetary Fund said Friday, lifting its growth estimates slightly for 2008 and 2009.Obviously Bush paid off these clowns to try to make it look like there's no recession. I mean, anybody who actually lives in the United States is going to realize how bad things are.
The IMF forecast annual growth of roughly one percent in 2008 and 0.8 percent in 2009, compared with a prior estimate of 0.5 percent and 0.6 percent, respectively.
"The slowdown in activity in the United States has been less than feared, and recovery should begin next year as important headwinds are overcome," the IMF said in its annual review of the world's largest economy.
But seriously, it's kind of funny that while the Democratic Party is pushing the bad economy as its key issue the reports from the IMF declare that it isn't so bad. And while the Dem refrain of "The Iraq War is lost!" still reverberates, the Iraq War is being won.