Accuracy in Media

WASHINGTON — Incumbent Dilma Rousseff won a very close re-election battle, but potential investors and the markets themselves disagreed with the outcome. Rousseff won with only 51.6% of the vote, which was a run-off vote.

dilma rousseff sternReuters reported investors and the business community doubt her ability to revive the economy that has regressed under her watch. The financial markets fells because of this sentiment, where Rousseff appealed to the poor by promising to continue welfare-state policies that drag down the country’s economy.

Inflation has risen, and could be unsustainable sooner rather than later, and Brazil’s budget is facing a substantial deficit.

Reuters, predictably, called it a win because her party had made:

“…gains against inequality and poverty since the Workers’ Party first came to power in 2003.

“Using the fruits of a commodity-fueled economic boom in the last decade, Brazil’s government expanded welfare programs that helped lift more than 40 million people from poverty despite the current economic woes.

“The “Brazilian model” has been adopted by center-left parties across Latin America and Rousseff’s victory, however narrow, is a blow for conservatives in the region.”

It will be hard for Rousseff to balance the country’s budget while expanding and maintaining the substantial welfare state, and the lack of confidence by the markets exposed that sentiment.

Also, Fitch Ratings said it could downgrade Brazil’s credit ratings due to Rousseff’s policies due to decreasing demand and other domestic policies put into place by Rousseff.

So much for a monumental win for Brazilians.





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Comments

  • João Rafael Conde

    Ibovespa falls due to the uncertainty on the next Minister of Economy and the rejection from PwC to publish Petrobras’ Balance Sheet. Petrobras has been in the middle of an estimate US$ 5 billion corruption scandal in which the Workers’ Party is directly linked.

    Moreover, a petition to the Obama Administration to position against the Bolivarian communist expansion in Brazil promoted by Dilma Rousseff Government has reached the goal of 100,000 signatures today: (https://petitions.whitehouse.gov/petition/position-yourself-against-bolivarian-communist-expansion-brazil-promoted-administration-dilma/V2Y8Dpqm)

    WE PETITION THE OBAMA ADMINISTRATION TO:
    Position yourself against the Bolivarian communist expansion in Brazil promoted by the administration of Dilma Rousseff
    On 10/26, Dilma Rousseff was reelected, and will continue his party’s plan to establish a communist regime in Brazil – the Bolivarian molds propounded by the Foro de São Paulo. We know that in the eyes of the international community, the election was fully democratic, but the ballot boxes used are not reliable, apart from the fact the heads of the judiciary, are mostly members of the winning party. Social policies also influenced the choice of the president, and people were threatened with losing their food allowance if they do not re-elect Dilma. We call a White House position in relation to communist expansion in Latin America. Brazil does not want and will not be a new Venezuela, and the USA that need help the promoters of democracy and freedom in Brazil.
    Created: Oct 28, 2014

  • Julio Severo

    The petition mentioned by Mr. Conde asks Obama to help Brazilian rightists. My question to these Brazilian rightists is: How will Obama help to promote democracy and freedom in Brazil if he is taking them from America? See my article in BarbWire: http://barbwire.com/2014/11/03/obama-savior-brazilian-right/