How the IMF Can Help Cut U.S. Jobless
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Feb. 5 (Bloomberg) -- The U.S. isn’t expected to return tofull employment for at least six more years, and the consensusin Washington seems to be that President Barack Obama’sadministration has no options to improve that dreary outlook.
The debate over tax increases and spending cuts, as well asthe latest statement from the Federal Reserve, proves thatadditional fiscal and monetary stimulus won’t be coming unlessthe economy turns even worse. But there’s one weapon the Obamaadministration can fire to get a more satisfactory recovery inemployment: taking action to narrow the longstanding deficit ininternational trade. Millions of jobs are at stake.