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PrintMay 28, 2010
Hillary: Brazil Growing Like Crazy
What's rapid economic growth to a Democrat? Or truth? Or fairness? Hillary Clinton gave us pretty good indication of all three on May 27th, when she said:
The rich are not paying their fair share in any nation that is facing the kind of employment issues [America currently does] - whether it's individual, corporate or whatever [form of] taxation forms.
She then went on to cite Brazil as a paragon of economic growth - and taxation:
Brazil has the highest tax-to-GDP rate in the Western Hemisphere and guess what - they're growing like crazy.
But, as with any "fact" a Clinton or an Obama apparatchik cites, you need to look it up for yourself. Which I did. Brazil's GDP grew 2.0% in the last quarter. The average rates for 2007, 2008 and 2009 were 1.61%, 0.39% and 0.96%, respectively.
For those who may be wondering, our own GDP growth in the last quarter was 3.00%. But I digress. The point is: Either (1) Hillary didn't know Brazil's actual growth rate; (2) she did know, but lied about it or (3) she knew and considers 3.00% GDP growth "growing like crazy." Pick any one, two, or - this is the Obama administration, after all - all three.
Thomas Lifson adds:
Brazil's economy is benefitting from offshore oil exploration and development - the sort of thing Obama wants to stop in the wake of his failure to contain the Gulf oil spill by implementing the the existing plan.
