Friday, September 18, 2015

Dear Pope Francis: Have you seen Obama's guest list?

Thanks to our friend Jorge Ponce for bringing this to our attention:
According to the Wall Street Journal — “Vatican disputes White House guest list for papal visit,” by Francis X. Rocca: “On the eve of Pope Francis’s arrival in the U.S., the Vatican has taken offense at the Obama administration’s decision to invite to the pope’s welcome ceremony transgender activists, the first openly gay Episcopal bishop and an activist nun who leads a group criticized by the Vatican for its silence on abortion and euthanasia…According to a senior Vatican official, the Holy See worries that any photos of the pope with these guests at the White House welcoming ceremony next Wednesday could be interpreted as an endorsement of their activities.”
Where was the Vatican rage when Bolivian President Evo Morales gave him an image of the crucified Christ featuring the Communist hammer and sickle?
Now that Pope Francis has become a buddy of President Obama, he’s finding out that worst thing anyone can do is become a friend of the President. Obama is kinder and gentler with his enemies than with his friends.
Yes, Obama has a few surprises for Pope Francis.   Is he ready for a little shock?

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Brasil o que aconteceu? What happened, Brazil?

(My new American Thinker post)

We've correctly focused on our weak economy and the impact of a China slowdown.

Let's not lose sight of another huge GDP in trouble down in South America -- Brazil:

Brazil eked out just 0.1 percent growth in 2014. 
For 2016, economists are forecasting no growth at all or yet another recession.The economy is expected to shrink almost 3 percent this year. 

A Brazilian slowdown would have a huge impact on Argentina, Uruguay, Chile and much of Latin America. Brazil is the engine that drives most of that region.   

Furthermore, Brazil is a huge trading partner with the European Union:
  • The EU is Brazil's first trading partner, accounting for 19.5% of its total trade, and Brazil is the EU’s tenth trading partner, accounting for 2.0% of total EU trade (2014). This shows the strength of our bilateral trade relationship.
  • EU imports from Brazil are dominated by primary products, in particular agricultural products (48.0%) and fuels and mining products (24.8%). But manufactured products such as machinery, transport equipment and miscellaneous manufactured products are also important: they represent around one fourth of EU imports from Brazil.
  • Brazil is the single biggest exporter of agricultural products to the EU worldwide.
  • EU's exports to Brazil consist mainly of manufactured products, such as machinery, transport equipment and chemicals. In terms of trade in goods, the EU historically runs an overall trade deficit with Brazil but in 2014 the EU recorded a trade surplus in goods. The EU also has a surplus in services trade.
  • The EU is the biggest foreign investor in Brazil with investments in many sectors of the Brazilian economy. Around 50% of the FDI flows received by Brazil between 2008 and 2012 originated in the EU.
U.S. companies are also sensitive to a slowdown in Brazil. In other words, we export a lot to Brazil:
U.S. goods and services exports to Brazil in 2010 are estimated to be more than $50 billion, which will support more than 250,000 jobs. 
As any Brazilian will tell you, the economic slowdown and charges of corruption against President Dilma Rouseff have turned into a perfect storm of discontent and misery.   

The unemployment rate is rising. We've posted recently of mass marches, primarily of middle-class Brazilians fed up with taxes and a government that works for everybody but them.

There is a pension crisis around the corner. And the nation's debt rating just took another hit. My guess is that the currency will have to be devalued, adding more frustration to an already very frustated middle class.

A few years ago, Brazil was the darling of the experts. So what happened? The experts forgot to consider the impact of corruption. Crony capitalism hurts the economy, the nation's honest entrepreneurs who are not dining with government officials and the rule of law.

Brazil will survive, but I hope that its citizens demand a government that is more transparent. In the meantime, expect a lot more marches from the middle class.

P.S. You can listen to my show (Canto Talk) and follow me on Twitter.

Tags: Brazil 2015  To share or post to your site, click on "Post Link". Please mention / link to the My View by Silvio Canto, Jr. Thanks!

The debate & politics with Leslie Eastman & Aleister of Legal Insurrection

Guest:   Leslie Eastman, contributor to Legal Insurrection, joins me for a look at the CNN and losers?   best moments of the night?   how did CNN do?  We will hear about politics in California, the drought and other stories of the week....we will be joined by Aleister, a contributor to LI........

click to listen:

Check Out Politics Podcasts at Blog Talk Radio with Silvio Canto Jr on BlogTalkRadio

Tags: The CNN debate  To share or post to your site, click on "Post Link". Please mention / link to the My View by Silvio Canto, Jr. Thanks!

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