Opinion: Between the Rock and the Hard Places

Opinion, by Michael Royster

RIO DE JANEIRO, BRAZIL – One of the predictable consequences of President Dilma’s election campaign was that, if elected, she would sooner or later have to turn her back on almost all her electioneering rhetoric. Everyone, save the true believers, knew the economy was stagnant, inflation had been artificially stifled, and government spending was out of control.

Elected she was, after a successful populist plea to be allowed to continue what she had done in her first four years. Dilma herself is a true believer — she really thought her Subscribe to our Premium Membership Plan. Already Subscribed?