need to add title here

Christine Lagarde: Facing down worldwide recession

November 20, 2011 12:31 PM

Thrust into the breach during one of the worst economic crises in decades, Christine Lagarde, the new head of the International Monetary Fund, has become one of the world's most powerful women. Lara Logan reports.

Christine Lagarde: Facing down worldwide recession
Add a Comment See all 19 Comments
by ThisEyeWatchingYou November 23, 2011 9:34 PM EST
This has to be some of most 'softball' journalism I've EVER seen. No questioning of the IMF's horrible track record, for they do not have ONE success story to point to. No questioning of how the austerity measures are not preventing governments from collapsing and more rioting from occurring.

This was thirteen minutes of tremendously vague information with one pretty cattlefish journalist kissing a tremendously well-educated woman's arse.

This is the media we have in America? We're doomed...
Reply to this comment
by fnjsmp November 23, 2011 8:17 PM EST
It was of interest to see Christine Lagarde, the new head of the International Monetary Fund, interviewed on the same 60 Minutes program as Grover Norquist, the head of Americans for Tax Reform. The contrast between Norquist and Lagarde in the light of the Roman virtues of dignitas, gravitas, and piatas was indeed striking.

While it was easy to see why there is talk of Lagarde as the next president of France, it was even easier to see Norquist as a destroyer, capable of taking down the American government with his single-minded focus on preventing tax hikes----no matter what.
Reply to this comment
by WinstonCFreebish November 22, 2011 2:44 PM EST
Lagarde knows more than she can talk about. Clearly, her comments are intended as a "shot fired across the bow" to get someone's attention. Let's hope she is successful in gathering the liberal politicians from the Village Idiot's Convention and brings them a bowl of reality soup.
Reply to this comment
by jason.l.pratt November 21, 2011 4:25 PM EST
Europe is far more reliant upon its banking system than the US. You missed an important opportunity to discuss what is different about their system and whether or not it could handle a higher frequency of cyclical downturns.
Reply to this comment
by hfostercfi November 21, 2011 1:26 PM EST
And just exactly what proven ( not theoretical)actions are required to avert comming the world wide depression?
These need to be communicated clearly and repeatedly to the US electorate prior to the election Nov 2012 and prior to the economic collapse.
Reply to this comment
by CTLLC November 21, 2011 12:39 PM EST
I love her.. I'm a US citizen working in the EU.. I get what she means about "thinking" and "doing work". She's brings much of the best of both worlds IMO.
Reply to this comment
by dunivanelder November 21, 2011 12:10 PM EST
Thank you Madame Lagarde for your perceptive and intelligent understanding of the world economic situation in general and the U.S. problem in particular. It is my prayer that Congress and the "Super Committee" will understand that greed and classism globally have brought us to the brink and perform their job as is absolutely necessary.
Reply to this comment
by lastofall November 21, 2011 11:21 AM EST
Thank you for interviewing Christine Lagarde, because she has a unique vantage point of outside looking in to the US, as well as inside looking out; and likewise with Europe.
Reply to this comment
by karek40 November 21, 2011 10:54 AM EST
I think we have passed the point of no return and we will forfeit on the interest on the national debt. Just a matter of time. Current goal , decrease spending by 4 trillion in 10 years, we are overspending by 1.8 trillion per year. 10 years = 18 trillion, less the 4 and our debt goes from its current 15 trillion to 29 trillion. Take 100% of the money from the rich you get less than 1 trillion. We will heading down the road predicted by Alexander Tyler in 1857 and the democrats want us to hurry.
Reply to this comment
by SidTeaParty November 21, 2011 4:23 AM EST
Goverments world wide should be in compatention to cut taxes and STOP SPENDING. Whoever can do this the most will prosper because they have set the people free.
Reply to this comment
See all 19 Comments
Recent Segments

60MinutesOverTime

60 Minutes Overtime is a weekly web show that begins where the weekly television broadcast ends

  • 48 Hours iPad App

    Big changes for the 2012-2013 season! Watch the current week's episode for FREE up to a week after it airs or subscribe for access to all shows, classic episodes and more!