"Mrs. Clinton goes on to say that "my view is that you have to get many countries to increase their public revenue collections." It seems what she wants is a sort of transnational cartel, in which governments agree to burden the "wealthy" with high taxes that they cannot escape by moving their businesses or residences elsewhere. Which, come to think of it, would be much worse than a mere domestic tax hike, which could be undone with simple legislation.
- GDP per capita: Brazil $10,200, U.S. $46,400
- GDP per capita, rank: Brazil 105th, U.S. 11th
- Unemployment rate: Brazil 7.4%, U.S. 9.3%
- Population below poverty line: Brazil 26% (2008), U.S. 12% (2004)
- Share of nationwide household income or consumption, lowest 10%: Brazil 1.1%, U.S. 2%
- Share of nationwide household income or consumption, highest 10%: Brazil 43%, U.S. 30%
The U.S. does better on all these measures except 2009 unemployment--and a year earlier, the U.S. rate (5.8%) was considerably better than Brazil's (7.9%). The average American is more than 4.5 times as productive as the average Brazilian, and a Brazilian is more than twice as likely to be impoverished by Brazilian standards than an American is to be impoverished by U.S. standards.
Brazil's GDP actually shrank last year, by 0.2%, though it grew 5.1% in 2008 and 6.1% in 2007. For America, the figures were a 2.4% decline in 2009, 0.4% growth in 2008 and 2.1% growth in 2007. But developed countries seldom grow at 5% or 6% a year; developing ones experience such growth because their economies are smaller to begin with. Even if Brazil is "growing like crazy," for America to emulate it would be nuts."Perhaps the frighting aspect of the current administration is they remain in the "Unconscious Incompetence" stage of management.
"He needs to take a Valium before he comes in and talks to Republicans," Sen.Pat Roberts, R-Kan., told reporters. "He's pretty thin-skinned."
Sen. David Vitter, R-La., said he addressed Obama, "trying to demand overdue action" on the giant oil spill damaging Gulf coast states. He said got "no specific response" except Obama's pledge to have an authoritative WhiteHouse official call him within hours.
Sen. John McCain of Arizona, Obama's 2008 presidential opponent, said he pressed the president on immigration issues. McCain said he told Obama "we need to secure the border first" before taking other steps. "The president didn't agree," he said.
McCain said he defended his state's pending immigration law, which Obama says could lead to discrimination. It directs police, when questioning people about possible law violations, to ask about their immigration status if there is "reasonable suspicion" they're in the country illegally.
At the luncheon, McCain said, "I pointed out that members of his administration who have not read the law have mischaracterized the law—a very egregious act on their part."