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Lula Wants a Banker to Join His Choice for President, a Former Guerrilla

Henrique MeirellesLuiz Inácio Lula da Silva, the president of Brazil, is considering supporting a renowned banker such as Central Bank president Henrique Meirelles, to complete his Workers Party ticket for next October’s presidential election which is expected to be headed by cabinet chief Dilma Rousseff, according to press reports in São Paulo.

Daily O Estado de S. Paulo reports that Lula told his closest collaborators he would favor Meirelles with the purpose of sending a “strong message” to calm investors and markets.

The reason for this is that the financial market is rather cautious about Rousseff’s candidacy considered a politician who is a strong supporter of government intervention and who in the past was a member of guerrilla groups fighting the Brazilian military regime in the late sixties early seventies.

Until 2002 Meirelles was a member of the Lower House for the Social Democrat party, PSDB, of former president Henrique Cardoso (now the main opposition force). But in 2009 he joined the Brazilian Democratic Movement Party, PMDB, which is the majority force in both houses of Congress.

Lula supported Meirelles when he became a member of PMDB, the main ally of his Workers Party in the ruling coalition.

However according to O Estado, Lula has yet to decide if he will effectively propose Meirelles since this could cause a rift with PMDB. Allegedly the powerful PMDB is not willing to support Meirelles as vice-presidential candidate since he has only been affiliated for less than a year.

The main leaders from the influential PMDB are more inclined to support Michele Temer, chairman of the party who is also president of the Lower House.

Lula, a veteran of five presidential campaigns is actively working to consolidate a presidential ticket for next October that has the widest multiparty support in favor of Ms Rousseff.

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  • Show Comments (2)

  • João da Silva

    Captain America
    [quote]You want to see the middle class disappear in Brazil? Vote these people into office. I guarantee it will happen.[/quote]

    The middle class is already disappearing under this guys as the President of BC. He as the Vice President?. But this news doesn’t come to me as a surprise.

  • Captain America

    Here we go . . .
    That’s it, give the bankers some more power in the Brazil government. You want to see the middle class disappear in Brazil? Vote these people into office. I guarantee it will happen. The head of the Federal reserve in the U.S. iso ne of these people, and so is the Secretary of the Treasury, and look what they have done to the U.S. economy.

    First, they will liberalize lending, get everyone deep into debt, then contract the money supply to create a depression. And voila ! ! ! Then they step in, take control of the financial institutions, repossess everything in sight, leave everyone unemployed long enough to make them very hungry, and you can guess what happens next.

    Slave labor is already a reality in Brazil, but it can get a lot worse. Just put a banker in charge, you’ll see.

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