US Economy Sinking - Brazil Booming! Education? Ha ha...

[Guest guest]

Brazil has a booming economy. Up until recently, the President was a guy with a forth grade education.

America has the best a brightest economists? Ya think somethings wrong here? (Comment of 'Debt Ceiling' followed by Brazil's great economy): The President Surrenders on Debt Ceiling www.nytimes.comExtortion over the debt ceiling wins, and the country loses."A deal to raise the federal debt ceiling is in the works. If it goes through, many commentators will declare that disaster was avoided. But they will be wrong.

For the deal itself, given the available information, is a disaster, and

not just for President Obama and his party. It will damage an already depressed economy; it will probably make America’s

long-run deficit problem worse, not better; and most important, by demonstrating that raw extortion works and carries no political cost, it

will take America a long way down the road to banana-republic status."Luiz Inácio Lula da Silva

35th President of BrazilBrazil: The world's next economic superpower?CBS NewsArhataOsho.com