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(It’s not satire – it’s the IMF!)

On Thursday, the head of the International Monetary Fund, Christine Lagarde, said the fund had changed its stance about George Osborne’s austerity strategy because it was clear it wasn’t working.

Changed its stance? I’m not quite sure the IMF got the right turn of phrase there.

Probably what the IMF actually meant to say was this:

“Our previous consistent and wrong public support for the UK chancellor George Osborne’s extreme austerity drive as part of his deficit reduction strategy was made before we realised just how amateurish, bungling, floundering, inept and useless we were at economics. In other words, we’re just a bunch of over-paid, incompetent inadequates who haven’t a clue about how to run an economy. Sorry about that.”

Much more accurate, I think you’ll agree.


Related articles by Tom Pride:

George Osborne faces calls from leading economists for U-turn on fecklessness

UK suffers worst double-dipstick chancellor in 50 years

Moody’s downgrades Moody’s on excessively materialistic outlook and crap forecasts

Did you know the name Gideon is Hebrew for ‘Destroyer’? No, really.

Independent Commission – excessive banking can cause blindness

Vince Cable’s opinion on loss of triple-A credit rating ‘largely symbolic’, says Vince Cable

The (Real) Definition Of Credit Ratings From AAA to Junk Status….

Osborne attacks Osborne’s failure to keep Osborne’s pledge to keep AAA rating broken by Osborne

Goldman Sachs downgrades God to ‘junk’ status


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