Significantly the IMF report has been critical of the Bush Administration's
fiscal policy. However the administration pays almost no notice to this
criticism. In general the IMF report on the US economy is not an event in the
US. By contrast it is taken quite seriously in many third world economies.
Clearly any criticism and recommendations it makes concerning Federal economic
policy is simply meant to invest the IMF with an air of neutrality. But the
marginalisation of these reports in Washington is the true measure of what the
IMF stands for. It indicates that because the US economy is the leading
capitalist economy it can dismiss such reports. It can dismiss them too
because,
in a sense, it is the IMF.
Basically its report and recommendations on the US economy is farcical and
about
sums everything that the IMF stands for.