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To: goldsnow who wrote (30173)	3/17/1999 7:59:00 AM
From: long-gone	Respond to of 116759

Steve Forbes against the IMF and treasury!: <<Forbes Charges Clinton-Gore Administration With “Global Economic Malpractice” Steve Forbes today blasted the Clinton-Gore administration for severely mishandling the economic virus that has spread from Asia to Russia to Latin America. “Rather than provide the leadership necessary to guide the world out of this worsening crisis, the Clinton-Gore administration is guilty of global economic malpractice,” said Forbes. “The Treasury Department and the IMF are causing matters to go from bad to worse,” he added. “They've bludgeoned one nation after another to raise taxes, devalue their currencies, and impose intolerable conditions of austerity. Vice President Gore actually traveled to Moscow this summer to urge the Russians to impose a new 5 percent sales tax on an already impoverished nation.”(cont) Demand Transparency. In addition our national legislators should demand true transparency for this agency. Who in our Treasury Department and in that agency did what and when before the Asian crisis exploded a year ago this summer? On June 28, 1998, Steve issued the following statement: Forbes Warns Global Economic Crisis Worsening The Asian economic crisis is worsening. Japan is in recession, its first in almost 25 years. South Korea is sinking again. Indonesia remains a bloody mess. The contagion threatens Russia and Latin America. If not effectively checked, U.S. prosperity will be hurt. The advice offered by the Clinton-Gore Administration and the International Monetary Fund to troubled Asian economies is making things worse, not better. This Administration and the IMF are treating the Asian currency crisis the way Civil War doctors treated wounded soldiers — operating with dirty, infection-spreading instruments. Countries are told to devalue their currencies by letting them float. At the same time, the IMF urges them to raise taxes. Unlike those long-ago doctors, the Clinton-Gore Administration should know better.(cont)>> forbes2000.com