Saturday, July 03, 2010

Life on "Progress" Continent - South American edition

All the countries in South America seem to be pulling out of the world wide economic slowdown.

Well, except for the socialist South American standard bearer, Venezuela.............
Official statistics show that major South American economies, except for Venezuela, are growing again and left the impact of the world crisis behind.

Brazil, the regional giant, grew 9 percent this year in the first quarter over the same term in 2009, thanks to investment and consumption.

Expenditure in capital goods, that is, machines and equipment able to increase future production, rose by 7.4 percent. In the meantime, the agricultural sector expanded 2.7 percent, based on the data supplied by the Brazilian Geography and Statistics Institute (IBGE).

The rest of the map also shows favorable results. In the first quarter, Argentina grew 6.8 percent; Colombia 4.4 percent; Peru 6 percent; Paraguay 10.9 percent; Uruguay 8.9 percent; Bolivia 3.26 percent; Ecuador 0.6 percent, and Chile, despite the earthquake, advanced 1 percent.

While oil prices average USD 70 thus far this year, the Venezuelan economy has failed to overcome recession and suffered a 5.8-percent setback in the first quarter.

Venezuelans not only undergo the plight of recession with layoffs, but also prices soar at a fast rate and undermine the purchasing power.

From January to May, inflation was higher than 5.2 percent in no Latin American country. On the contrary, in Venezuela, the inflation rate accounts for 14.2 percent.

In all seriousness, liberals love to think of themselves as smarter than your average conservative. They also like to boast that they have science backing them up on all things where as conservatives rely on some kind of neanderthal type tribal thinking to base their political beliefs. But how can anyone look at the evidence I've put forward in these "Life in "Progress" City pieces" and defend that liberalism and "progressive" policies work for any society.

They have a 100% failure rate.

But you won't see a lib defend one here because they know they can't.

Killing economic opportunities for your citizens?

Now that's "Progressive"!

More.....

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