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Thread: Brazil's Rousseff narrowly wins second term

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    Brazil's Rousseff narrowly wins second term

    My Way News - Brazil's Rousseff narrowly wins second term

    RIO DE JANEIRO (AP) Left-leaning President Dilma Rousseff was re-elected Sunday in the tightest race Brazil has seen since its return to democracy three decades ago, giving the juggernaut Workers' Party its fourth-straight presidential victory and the chance to extend its social transformation of the globe's fifth-largest country.
    So Brazil continues along the course charted by Venezuela. Rousseff will continue to spend taxpayer money to please her voters and the people of surrounding S. American countries with socialist governments besides. What with all of this money being extracted from taxpayers by the government in order to make everyone prosperous it is inexplicable that Brazil's economy has been performing poorly. What is wrong with these corporations, anyway, that they should get the jitters when socialists are in power? Why is capital fleeing the country? It's just bad luck, as Heinlein would say.

    In any case, there's no need for the US to worry about Brazil. It's most likely that Brazil won't be becoming any kind of economic power house now.

    "The urge to save humanity is almost always a false front for the urge to rule." --HL Mencken

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    Re: Brazil's Rousseff narrowly wins second term

    Quote Originally Posted by LowDown View Post
    My Way News - Brazil's Rousseff narrowly wins second term



    So Brazil continues along the course charted by Venezuela. Rousseff will continue to spend taxpayer money to please her voters and the people of surrounding S. American countries with socialist governments besides. What with all of this money being extracted from taxpayers by the government in order to make everyone prosperous it is inexplicable that Brazil's economy has been performing poorly. What is wrong with these corporations, anyway, that they should get the jitters when socialists are in power? Why is capital fleeing the country? It's just bad luck, as Heinlein would say.

    In any case, there's no need for the US to worry about Brazil. It's most likely that Brazil won't be becoming any kind of economic power house now.
    It has become an economic powerhouse. And all under leftist administrations I do believe.
    Quote Originally Posted by Moderate Right View Post
    The sad fact is that having a pedophile win is better than having a Democrat in office. I'm all for a solution where a Republican gets in that isn't Moore.

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    Re: Brazil's Rousseff narrowly wins second term

    In terms of the third world, they're an economic powerhouse, especially in the midst of South America.

    Not sure why that would bother or worry the USA though.
    "We have more responsibility than power, I think. The newspaper can create great controversies, stir up arguments within the community or discussion, can throw light on injustices....just as it can do the opposite. It can hide things and be a great power for evil." -- Rupert Murdoch, 1968

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    Re: Brazil's Rousseff narrowly wins second term

    Quote Originally Posted by LowDown View Post
    My Way News - Brazil's Rousseff narrowly wins second term



    So Brazil continues along the course charted by Venezuela. Rousseff will continue to spend taxpayer money to please her voters and the people of surrounding S. American countries with socialist governments besides. What with all of this money being extracted from taxpayers by the government in order to make everyone prosperous it is inexplicable that Brazil's economy has been performing poorly. What is wrong with these corporations, anyway, that they should get the jitters when socialists are in power? Why is capital fleeing the country? It's just bad luck, as Heinlein would say.

    In any case, there's no need for the US to worry about Brazil. It's most likely that Brazil won't be becoming any kind of economic power house now.

    In what universe are any of these South American farmers subsidized?

    Oh yeah they're not..

    Maybe I steal from you?

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    Re: Brazil's Rousseff narrowly wins second term

    Quote Originally Posted by poweRob View Post
    It has become an economic powerhouse. And all under leftist administrations I do believe.
    Not for long at this rate.

    "The urge to save humanity is almost always a false front for the urge to rule." --HL Mencken

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    Re: Brazil's Rousseff narrowly wins second term

    Quote Originally Posted by poweRob View Post
    It has become an economic powerhouse. And all under leftist administrations I do believe.
    Correct but clearly out of contexts. Last time PSDB was in power, they faced a host of issues left to them by previous administrations. Brazil was facing hyper inflation and the government was so inept it could barley managed to be properly corrupt. PSDB fixed these key structural issues, which came at the expense of high unemployment and stagnant wages. But without that fiscal discipline, the welfare policies of PT that so many poor Brazilians love would have been impossible.

    Now after over a decade under PT where is brazil? No growth and inflation is close to 7.0%. Soon these welfare policies will become unviable, and the bureaucracy in brazil has only gotten more inept since PSDB last left power (just look at petrobras). At the end of the day Rousseff is a marxist who has no regard for basic economic tenants or market discipline. Brazilian ETF's have collapsed on this election result and yet she still shows no signs of change. The wrong decision was made yesterday and Brazil will pay dearly for it for the next 4 years.

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    Re: Brazil's Rousseff narrowly wins second term

    Quote Originally Posted by LowDown View Post
    Not for long at this rate.
    What rate? What's going so economically wrong?
    Quote Originally Posted by Moderate Right View Post
    The sad fact is that having a pedophile win is better than having a Democrat in office. I'm all for a solution where a Republican gets in that isn't Moore.

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    Re: Brazil's Rousseff narrowly wins second term

    Quote Originally Posted by Mizuho View Post
    Correct but clearly out of contexts. Last time PSDB was in power, they faced a host of issues left to them by previous administrations. Brazil was facing hyper inflation and the government was so inept it could barley managed to be properly corrupt. PSDB fixed these key structural issues, which came at the expense of high unemployment and stagnant wages. But without that fiscal discipline, the welfare policies of PT that so many poor Brazilians love would have been impossible.

    Now after over a decade under PT where is brazil? No growth and inflation is close to 7.0%. Soon these welfare policies will become unviable, and the bureaucracy in brazil has only gotten more inept since PSDB last left power (just look at petrobras). At the end of the day Rousseff is a marxist who has no regard for basic economic tenants or market discipline. Brazilian ETF's have collapsed on this election result and yet she still shows no signs of change. The wrong decision was made yesterday and Brazil will pay dearly for it for the next 4 years.
    You seem to be following this well. I was under the impression that their economic strength rode in on the heals of their energy growth being that they mandated massive use of their giant sugar cane fields to produce ethanol along with some oil finds that have them being a net exporter of energy and energy independent.

    I'm a lefty who likes to find economic independence and sustainability so I'm no fan of Lefty's that just milk the natural resources to buy peoples favor like Hugo Chavez and the like and I can't honestly speak of the policies of Brazil's administrations and if they are pulling a Hugo or not or if they are putting in place sustainable economic structure or not.
    Quote Originally Posted by Moderate Right View Post
    The sad fact is that having a pedophile win is better than having a Democrat in office. I'm all for a solution where a Republican gets in that isn't Moore.

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    Re: Brazil's Rousseff narrowly wins second term

    Quote Originally Posted by Mizuho View Post
    Correct but clearly out of contexts. Last time PSDB was in power, they faced a host of issues left to them by previous administrations. Brazil was facing hyper inflation and the government was so inept it could barley managed to be properly corrupt. PSDB fixed these key structural issues, which came at the expense of high unemployment and stagnant wages. But without that fiscal discipline, the welfare policies of PT that so many poor Brazilians love would have been impossible.

    Now after over a decade under PT where is brazil? No growth and inflation is close to 7.0%. Soon these welfare policies will become unviable, and the bureaucracy in brazil has only gotten more inept since PSDB last left power (just look at petrobras). At the end of the day Rousseff is a marxist who has no regard for basic economic tenants or market discipline. Brazilian ETF's have collapsed on this election result and yet she still shows no signs of change. The wrong decision was made yesterday and Brazil will pay dearly for it for the next 4 years.
    You seem to be following this well. I was under the impression that their economic strength rode in on the heals of their energy growth being that they mandated massive use of their giant sugar cane fields to produce ethanol along with some oil finds that have them being a net exporter of energy and energy independent.

    I'm a lefty who likes to find economic independence and sustainability so I'm no fan of Lefty's that just milk the natural resources to buy peoples favor like Hugo Chavez and the like and I can't honestly speak of the policies of Brazil's administrations and if they are pulling a Hugo or not or if they are putting in place sustainable economic structure or not.
    Quote Originally Posted by Moderate Right View Post
    The sad fact is that having a pedophile win is better than having a Democrat in office. I'm all for a solution where a Republican gets in that isn't Moore.

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    Re: Brazil's Rousseff narrowly wins second term

    Quote Originally Posted by poweRob View Post
    You seem to be following this well. I was under the impression that their economic strength rode in on the heals of their energy growth being that they mandated massive use of their giant sugar cane fields to produce ethanol along with some oil finds that have them being a net exporter of energy and energy independent.

    I'm a lefty who likes to find economic independence and sustainability so I'm no fan of Lefty's that just milk the natural resources to buy peoples favor like Hugo Chavez and the like and I can't honestly speak of the policies of Brazil's administrations and if they are pulling a Hugo or not or if they are putting in place sustainable economic structure or not.
    Not even close. Don't get me wrong, that has given them a few points worth of growth, but it by no means explains their record growth under Lula. That was primarily driven by commodity sales. While brazil has oil, it's offshore and difficult to exploit. But Brazil does have an abundance of just about every other commodity sold on worlds markets, from tin to timber, minerals to beef. China's rise, and absurd consumption of just about every commodity on the market, has driven up prices and Brazil has been a huge benefactor from this. That's where the the money comes from for all these social welfare programs. But even a commodities boom wouldn't help Brazil much if it had a completely inept bureaucracy and inflation was in double digit territory. But it wasn't the Left that put brazil on that firm footing, it was PT. PT cleaned up the bureaucracy and make it something resembling a professional class. PT brought inflation down to manageable levels. Then PT got kicked out of power, and that around when the commodity markets took off. To be clear, there are huge economic benefits to the welfare programs that PSDB implemented, but they do not explain most of Brazil's growth during that time period and those programs would be impossible in a brazil facing high inflation and low commodity prices. And low and behold, after 4 years of Dilma...Brazil is facing 7.0% inflation which is nervously high, and commodity markets have plummeted as China has slowed down. Brazil has no recent growth, and as inflation goes up and China slows further, that no growth becomes negative growth. Thats's what happened the last time PSDB was in power and it took years of PT rule to get inflation back under control. Now you are looking at 4 years of rule by a legitimate Marxist, who comes from a party that has a TERRIBLE track record of being able to spur productivity growth or check inflation. PSDB's platform has never been "sustainable" because the only way they know how to grow the economy is by getting lucky with high commodity prices. PSDB is good at redistributing from the rich to the poor, which Brazil certainly has needed and still needs. But that isn't possible long term without growth and without controlling inflation, and PSDB can't and has never been able to do that. Realistically, the country needs both parties: PT to drive growth and PSDB to make sure that growth reaches everyone. Facing low growth and high inflation, as brazil does now, indicates that PT would be the better leading party. And yet Dilma won after a very dirty campaign, and will likely drive the country into recession for several years before voters get a chance to vote her out of office in 4 years time. Tragic.

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