Michelle Bachlet good for gays bad for Chile
On Monday August 28th leftist Chilean President Michelle Bachlet sent a bill to legalize gay marriage in her country. In 2015 the country allowed civil unions. Reuters reports it is unclear if the bill will pass before she leaves office this in 2018. Ms. Bachelet has passed many leftist reforms such as tax hikes and way more government spending.
Chile was once the shining light on the hill for South America. They were the first S. American country to join the OCED (basically a club for wealthy nations). Chileans are the only Latin American can enter the United States without a visa. They went from the poorest nation in South America to the richest. Chileans live the longest in South America. They call it an ‘economic miracle’ I call it free market economics. The conservative Heritage Foundation actually ranks Chile as more free than the US economically. Unfortunately those tables are turning thanks to Bachelet.
Pinochet led his country into prosperity
In 1973 Augusto Pinochet seized power in a Coup d’état. He introduced economic freedom to the country which led it to be the economic powerhouse it is today. Under Pinochet Chile went from the poorest nation in Latin to the richest country in Latin America even surpassing Mexico. Under the previous typical Latin American socialist president Salvador Allende Chile experienced inflation topping 140%. While Pinochet made mistakes in the way he squashing dissent his goal was to keep socialism away from Chile. He knew the ravages that socialism wouldbring his nation. Enter Michelle Bachlet.
Bachelet is bad for Chile
Bachlet was first elected to the presidency in 2006 and again in 2013. As mentioned before she has raised taxes. The corporate tax rate is now 25%. She increased the size of government. Government spending is now 24.3% of GDP. Public debt is now 17.1% of GDP. S&P downgraded Chile’s credit rating for the first time in almost 20 years. Chile now has an unemployment rate of about 7%. A big reason was the drop in commodities prices particular copper to which Chile is highly dependent. That being said Bachelet’s socialist shopping spree with the nation’s credit card didn’t help. Not to mention the corruption scandals that have plagued her presidency.
Bachelet, Sanders, and Hugo Chavez all use the same playbook
It boggles the mind since Chilenos have neighbors that have been ravaged by socialism that they too would choose this path. Maybe it’s the hyper inflation of Argentina or the economic collapse and hyper-corruption of Brazil that appeals to them? It could also be the lack of even basic medical care in Venezuela that sheds of good light on socialism? I am, of course, being factitious. The allure of something for nothng is strong to all peoples. Even in America the rise of Bernie Sanders is frightening to say the least. Charlatans like Bachelet, Sanders and Hugo Chavez all use the same play book. They not only promise free stuff based on someone else’s labor but they assure people that they are entitled to the fruits of other peoples’ labor. How long until Chile joins its neighbors in economic ruin? If it continues on the Bachlet path not long.