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Unhappy with Slow Pace of Change Brazil's Left Wants New Economic Model PDF Print E-mail
2007 - January 2007
Written by Luke McLeod-Roberts   
Wednesday, 17 January 2007 08:43

Protest march in BrazilAssuming a second term of office, Brazilian President Luiz Inácio da Silva told Congress: "One of the deepest commitments that I have with myself, is that of never forgetting from where I came." The president's personal history of poverty, migration from the northeast and a childhood lost to gruelling work is well-known among Brazilians and resonant of the struggles many of his compatriots face.

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Comments (17)Add Comment
Great article......with a few contradictions !
written by ch.c., January 18, 2007
- Lula has already increased heavily the government spendings, through large pay increases for the civil servants....but not the government investments totallya lacking for infrastructure, education and health.
- His social investments are mainly the 8 billion Reais for 45 millions citizens, or the equivalent of 0,45 reais per day, representing less than 2 % of the federal budget for 23 % of the poorest citizens. Not so social.....in my view. !

As for the economic growth, Lula totally failed to deliver during his first mandate by having the lowest growth rate of all comparative countries...on this planet. Thus if he intends to continue that same way...guess what will be the growth rate of the next four years ! Lagging everyone....again....probably !

Despite your actual "low" rates, they are still the highest in the world......after inflation ! Thus they are still very high
these apparent low rates.
Far worse is the lending rate of the banking industry. Unheard of.....on this planet too ! Well above 130 % for overdrafts,
around 55 % for individals, 30 % for small and medium companies, and below 10 % for large companies....as they are financed and subsizided by the government through the BNDE.
And all this while your inflation is below 4 %. Truly a license to steal accepted.....by a leftist ! Curious ! There is no other country on this planet where bankers could do the same....without the risk of being jailed !

Therefore the Brazilian common saying of : buy one...but pay 2 or 3....is quite accurate.
Or the other common saying : if you buy 1 good for you....you must offer 1 or 2...to your banker.

A real official and accepted license to steal. A verbal and secret deal...with Hell (Lula) : steal as much as you wish from the population.....as long as you vote for me and dont bother me !
Sadly that same type of backstage deal has been in force with ALL the corrupted politicians.

Therefore Lula and his gang will still say how much the consumers loans increase, but hide the reality that it is from a very low
starting base and with interests rates unheard elsewhere !
...
written by GTY, January 18, 2007
Does Argentina ring a bell?
...
written by A brazilian, January 18, 2007
The clueless european speaking of things he doesn't know.
...
written by Ric, January 19, 2007
Ask not for whom the bell tolls.
funny.-...the junkies !
written by ch.c., January 19, 2007
If untrue...please advise where ! I will give you precise figures....if you are unable to provide them !

As to Argentina, sorry nut Kiurchner deserves much more respect :
- an economic growth rate...TTRIPLE......the Brazilian numbers !
- He did not hesitate to stop the beef export, same for wheat and just increased the export tax on corn from 25 % to 27,5 %......to reduce their overall exports to have more food available for the population.

Something that Lula should do too instead of exporting at any price. Tens of millions of Brazilians are undernourrished, millions are in hunger....and what does Lula : he prefers to export far more agricultural products to the tune of over US$ 50 billion instead of feeding his citizens first !

Yesssss....shame on him !
...
written by Luca, Rome, January 19, 2007
Brazil is a dangerous c**ktail of first world and third world, a colonial Elite, islands of African poverty and Swiss richness, violence and homicide rate higher than Iraq and the Gaza strip, there's a real war going on in Brazilian urban centers but Elites just squeeze the fat cow and live in tehir golden prisons and the people expected to swallow it all blinded by teh happiness of carnival football match and teh party-all-teh time bluff.
...
written by Ric, January 19, 2007
And yet the people as a whole are better off financially than they used to be. But the masses are pissed off big time, and it´s possible that history will cite the political/financial scandals and the accompanying nearly total impunity as a major factor that pushed the huddled masses over the edge. The image of a well fed, white female member of the house dancing with joy at being found not guilty of corruption may someday symbolize the straw that broke the camel´s back. Dangerous it is, but the people at the top don´t seem to understand.
...
written by A brazilian, January 21, 2007
The level of cluelessness in these comments is alarming. People that probably never set foot in Brazil, or if did they went to the Rio de janeiro hellhole, the only place in this country gringos ever heard of, and STILL they "know everything" about Brazil, all its problems and all the solutions.

We always looked for saviors, why in your immense wisdom, you don't candidate yourselves to president of the replublic?

And the ch.c idiot citing broken statistics. He doesn't mention the fact that not long ago Argentina's economy diminished 10%!!!!!!! Oh, they really know what they are doing, right!? So advanced!!
...
written by GWB, January 21, 2007
I live in Argentina and the economy did no such thing. Get over yourself already. You have no idea what you're talking about. It is doing FAR better than the Brazilian economy and has about 75% less murders.
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written by A brazilian, January 21, 2007
http://web.amnesty.org/library...R130052004

The country was crippled by four years of economic recession between 1999 and 2002, which saw the economy shrink by 11% in 2002, its worst economic performance in a century. Unemployment in 2002 stood at nearly 20%, with a further 20% of workers underemployed.


Then you should let those guys know they are saying incorrect things. smilies/smiley.gif
...
written by A brazilian, January 21, 2007
Whatever number that is higher than Brazil will be a loss if you consider their economy was crippled severely a few years back.
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written by A brazilian, January 21, 2007
Americans are so pathetically clueless. The dumb f**ks not even to do a quick Google before posting crap in here, or else they wouldn't cite Argentina. I guess that GWB should do his homework.
...
written by bo, January 31, 2007
...
written by A brazilian, 2007-01-20 19:22:52

The level of cluelessness in these comments is alarming. People that probably never set foot in Brazil, or if did they went to the Rio de janeiro hellhole, the only place in this country gringos ever heard of, and STILL they "know everything" about Brazil, all its problems and all the solutions.

We always looked for saviors, why in your immense wisdom, you don't candidate yourselves to president of the replublic?




Brazil more homicides than Iraq??
written by Fergal, February 01, 2007
It amazes me how many people just believe crap like this.

For those who don't know, Brazil has around 7 times as many people as Iraq and roughly 40% more deaths from violence. Thes people seem to have this bizarre belief that I raq has a similar population.
...
written by Andy Murphy, February 01, 2007
ok.guys.do you have any magic formula to fix the Brazilian economy? If, yes, please send it to Delfim Neto.There is no point in complaining in this forum. Better write to your senators and "dep**ados". Alfredo Brazilian sounds like an old widow,constantly complaining. If he is really a Brazilian, I suggest that he be appointed as the Minister of Finance.

I am really sorry,Brazilian,for being rude.I think you should stop being a whiner and start writing to your Senetor,Deputies, Governor of your state and the mayor of the city where you live.Ah,btw, I am very interested in knowing which state you come from .If you dont have the guts to write to the relevant authorities,shall be delighted to do so.Just name the city and the state.I shall discover the names of the "elected" officials.

Thank you

...
written by Ric, February 06, 2007
And one more thing, Bob, aka brazilian, stay away from Dorothy or she will sic Toto on you.
Funny
written by Brazil, August 21, 2007
Its funny how people love saying always bad things about Brazil...
Yes, we are not the perfect country!!
Could someone tell me the perfect place ever? I lived in so many different counties, so I know what I say... Nowhere is perfect!!!
If you don`t like Brazil, stay away from here...
And they "know everything" about Brazil, from tv, mags, newspaper.... hahahaha
great!!!! hahahaha thats the "real " information....
Please, if you are ignorant like a few guys here, STAY AWAY FROM BRAZIL!!!
ps: about Argentina and USA? They are pathetic, and they know that... its enough for me... hahahaha
smilies/wink.gif

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