My own sense is that the temporary credit has been less useful than many inside the Beltway believe.
Do we have a deep liquidity crisis or a temporary credit crunch?
Slim's spokesman Elias told Forbes, "we have nothing to do with that, the situation is the same as it has been for months, " alluding to the temporary credit that Slim extended to NYT, which converted into a 7% equity position for the Mexican investor.
What Southeast Asian nations and others that may get swept up in the panic must recognize is this: A temporary tightening of credit to defend a currency is infinitely less costly than the price paid for devaluation.
There are also proposals for a permanent research and development tax credit, temporary expensing of business investment, and payroll tax holidays.
Congress created the adoption credit on a temporary basis in 1997 and then kept renewing and increasing it.
FORBES: As IRS Tax Filing Season Begins, Bad News For Honest Taxpayers
"I played nice and steady and took a few chances on the front nine and then the wind got up, " he said, before giving credit to his temporary local caddie.
Studios collect the credit, create some temporary jobs while shooting for a few months, then beat it back to Tinseltown.
America's housing market may yet lurch down again as foreclosures rise, high unemployment takes its toll and a temporary home-buyers' tax-credit ends (see article).
You may recall how Mr Davies claimed the credit for Cardiff City's (very temporary) withdrawal of proposals to ditch their famous blue shirts - without taking responsibility when the decision was reversed a few weeks later.
Provide more temporary tax incentives like the cash for clunkers program or the first time homebuyers credit?
FORBES: Unemployment Likely To Remain At Least 9.5% For August
As of Thursday afternoon, The Washington Post reports, the administration is now considering a temporary payroll tax holiday and a permanent extension of the research and development tax credit, both of which would make businesses very happy.
FORBES: Unemployment Likely To Remain At Least 9.5% For August
Nonetheless, the housing market continues to be a troubling factor in many areas of the country (Florida, for example), and the expiration of the first-time homebuyers' tax credit--which boosted home sales earlier this year--could cause a further temporary slowdown in housing, says Brookings' Wial.
The sting in the IMF tail appeared to be calls for the government and the bank to do more to protect the poor, get credit to business, invest more in infrastructure and, if growth continues to flatline, to consider a temporary cut in VAT in future.
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