Friday, November 12, 2010

Worldwide Bankruptcy

NASDAQ is reporting on remarks from outgoing Brazilian President Lula da Silva:
Brazilian President Luiz Inacio Lula da Silva said Thursday the world economy was headed for 'bankruptcy' unless rich nations raise consumer demand rather than relying on exports to power recovery.
So a left-of-center world leader thinks the US needs to consume more of the world's resources? Sounds like Lula isn't in step with America's liberal progressives.

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