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21.09 ▲ 1.01% B3SA3 15.90 ▲ 4.81% WEGE3 46.74 ▲ 10.05% PRIO3 59.77 ▲ 2.73% SUZB3 42.66 ▲ 2.47% RENT3 37.14 ▲ 1.61% AZZA3 17.81 ▲ 1.89% CSAN3 3.92 ▲ 3.70% RAIZ4 0.27 — 0.00% PCAR3 2.75 ▲ 0.73% GMAT3 3.91 ▲ 2.09% PSSA3 55.45 ▲ 3.68% CVCB3 1.27 ▲ 13.39% POSI3 3.70 ▲ 0.54% SLCE3 13.96 ▲ 1.53% NATU3 8.68 ▼ 0.34% BRKM5 6.07 ▲ 6.30% RANI3 8.00 ▲ 1.39% CSNA3 5.38 ▲ 6.32% CMIN3 5.84 ▲ 4.66% USIM5 8.65 ▲ 2.25% GGBR4 24.06 ▲ 2.43% ENEV3 25.97 ▲ 2.16% CPFE3 46.71 ▲ 0.67% CMIG4 11.21 ▲ 1.72% EQTL3 39.35 ▲ 1.34% LREN3 13.54 ▲ 2.03% VIVT3 35.38 ▼ 1.17% RAIL3 13.64 ▲ 3.02% KLABIN 17.93 ▲ 1.93% RAIA DROGASIL 18.29 ▲ 0.88% RDOR3 34.49 ▲ 1.68% HAPV3 11.39 ▲ 1.33% FLRY3 16.65 ▲ 0.60% SMTO3 16.05 ▲ 3.02% UGPA3 32.83 ▲ 3.17% VBBR3 34.98 ▲ 3.03% BBSE3 42.58 ▲ 2.48% BPAC11 57.02 ▲ 2.98% CURY3 30.20 ▲ 0.83% AERI3 2.05 ▲ 0.49% VIVARA 21.55 ▲ 0.65% COMPASS 24.81 ▲ 1.51% VAMOS 3.23 ▲ 4.53% SANB11 26.95 ▼ 0.96% ASAI3 8.40 ▲ 1.82% SBSP3 29.29 ▲ 2.41% WALMEX 48.65 ▼ 1.02% GMEXICO 214.34 ▲ 2.57% FEMSA 227.98 ▲ 0.55% 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1.57% SILVER 58.69 ▼ 2.21% SOY 1,244 ▲ 0.91% CORN 488.75 ▲ 5.79% WHEAT 707.00 ▲ 0.18% COFFEE 316.70 ▲ 0.02% SUGAR 14.89 ▲ 1.02% ORANGE JUICE 147.50 ▲ 2.57% COTTON 81.64 ▲ 2.22% COCOA 5,343 ▲ 0.28% BEEF 219.20 ▼ 3.30% CATTLE 336.15 ▼ 3.83% LITHIUM 69.00 ▼ 0.12% PETR4 42.58 ▲ 2.21% VALE3 75.10 ▲ 3.96% ITUB4 42.90 ▲ 0.87% BBDC4 18.97 ▲ 2.26% ABEV3 16.13 ▲ 2.09% BBAS3 21.09 ▲ 1.01% B3SA3 15.90 ▲ 4.81% WEGE3 46.74 ▲ 10.05% PRIO3 59.77 ▲ 2.73% SUZB3 42.66 ▲ 2.47% RENT3 37.14 ▲ 1.61% AZZA3 17.81 ▲ 1.89% CSAN3 3.92 ▲ 3.70% RAIZ4 0.27 — 0.00% PCAR3 2.75 ▲ 0.73% GMAT3 3.91 ▲ 2.09% PSSA3 55.45 ▲ 3.68% CVCB3 1.27 ▲ 13.39% POSI3 3.70 ▲ 0.54% SLCE3 13.96 ▲ 1.53% NATU3 8.68 ▼ 0.34% BRKM5 6.07 ▲ 6.30% RANI3 8.00 ▲ 1.39% CSNA3 5.38 ▲ 6.32% CMIN3 5.84 ▲ 4.66% USIM5 8.65 ▲ 2.25% GGBR4 24.06 ▲ 2.43% ENEV3 25.97 ▲ 2.16% CPFE3 46.71 ▲ 0.67% CMIG4 11.21 ▲ 1.72% EQTL3 39.35 ▲ 1.34% LREN3 13.54 ▲ 2.03% VIVT3 35.38 ▼ 1.17% RAIL3 13.64 ▲ 3.02% KLABIN 17.93 ▲ 1.93% RAIA DROGASIL 18.29 ▲ 0.88% RDOR3 34.49 ▲ 1.68% HAPV3 11.39 ▲ 1.33% FLRY3 16.65 ▲ 0.60% SMTO3 16.05 ▲ 3.02% UGPA3 32.83 ▲ 3.17% VBBR3 34.98 ▲ 3.03% BBSE3 42.58 ▲ 2.48% BPAC11 57.02 ▲ 2.98% CURY3 30.20 ▲ 0.83% AERI3 2.05 ▲ 0.49% VIVARA 21.55 ▲ 0.65% COMPASS 24.81 ▲ 1.51% VAMOS 3.23 ▲ 4.53% SANB11 26.95 ▼ 0.96% ASAI3 8.40 ▲ 1.82% SBSP3 29.29 ▲ 2.41% WALMEX 48.65 ▼ 1.02% GMEXICO 214.34 ▲ 2.57% FEMSA 227.98 ▲ 0.55% CEMEX 22.17 ▲ 0.45% GFNORTE 191.99 ▲ 3.33% BIMBO 60.30 ▲ 1.53% TELEVISA 9.82 ▲ 0.61% AMX 22.70 ▼ 0.26% GAP 378.40 ▼ 0.03% ASUR 273.53 ▼ 0.52% OMA 229.62 ▲ 1.49% KOF 182.55 ▲ 1.15% GRUMA 280.45 ▼ 0.76% KIMBER 38.85 ▲ 1.17% SQM-B 65,055 ▲ 0.80% COPEC 6,550 ▲ 1.55% BSANTANDER 79.85 ▲ 1.06% FALABELLA 6,042 ▲ 2.08% ENELAM 84.53 — 0.00% CENCOSUD 2,010 ▼ 0.89% CMPC 1,070 ▼ 1.28% BANCO CHILE 193.50 ▲ 1.84% LATAM AIR 24.09 ▼ 0.45% YPF 82,500 ▲ 2.33% GGAL 8,275 ▲ 3.89% PAMPA 5,625 ▲ 2.74% TXAR 668.50 ▼ 1.55% ALUAR 974.00 ▲ 0.10% TGS 9,905 ▲ 2.01% CEPU 2,411 ▲ 3.03% MIRGOR 16,925 ▲ 0.89% COME 43.14 ▲ 0.63% LOMA NEGRA 3,823 ▲ 6.03% BYMA 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Bolsonaro’s Government Drives Investors Away and Spreads Hatred, Says Maia

By · March 9, 2020 · 3 min read

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RIO DE JANEIRO, BRAZIL – A week away from the protests against the National Congress and the Federal Supreme Court (STF), the president of the Chamber of Deputies, Rodrigo Maia, raised the tone of criticism against President Jair Bolsonaro.

The president of the Brazilian Chamber of Deputies, Rodrigo Maia.
The president of the Brazilian Chamber of Deputies, Rodrigo Maia. (Photo: internet reproduction)
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When taking part in a debate in São Paulo yesterday, Maia said that the government has a structure to “viralize hatred” through fake news and that Bolsonaro drives investors away by creating uncertainty over his commitments to democracy and the environment.

“We don’t have the same resources and structure as the government to viralize so much fake news as has been the case in recent weeks,” said the deputy during a lecture on the 2020 congressional agenda at the Fernando Henrique Cardoso Institute in downtown São Paulo.

Maia has been one of the main targets of messages against Congress on social media by government supporters. He has sought out other officials and entrepreneurs in an attempt to jointly address what he classifies as authoritarian escalation.

Maia started his speech by saying that Brazil is experiencing a “challenge to liberal democracies” and that technology has become an attack field on people. “None of this costs very much. A [social media] robot costs US$12 a month.” In December, Federal Deputy and former Bolsonaro supporter Joice Hasselmann told the Fake News Congressional Committee (CPMI) that one of the most active groups spreading false news and personal attacks is the so-called “hate cabinet,” made up of special advisors to the Presidency. Legislators who follow the CPMI’s work estimate that such a structure would cost R$1.5 million a month.

Economy

Two days after the announcement of last year’s Gross Domestic Product (GDP) result, which frustrated economists’ predictions, Maia said the government’s omission could lead to “stagnating reforms”. “The government promised a lot but failed to deliver. It had a growth projection of 2.5 percent and it grew 1.1 percent”. He also criticized the Executive’s delay in submitting proposals for tax and administrative reforms.

Rodrigo Maia said that investors from other countries told him that they stopped investing in Brazil because of President Jair Bolsonaro.
Rodrigo Maia said that investors from other countries told him that they stopped investing in Brazil because of President Jair Bolsonaro. (Photo: internet reproduction)

According to him, the welfare reform “was abandoned by the government team”. “It was Congress that set and discussed the agenda,” he said. In Maia’s view, “Parliament needs not only reform the state but also reform the sectors” as a means to attract foreign capital.

While commenting on the economy, Maia recalled a recent meeting with European entrepreneurs. He said that investors from other countries told him that they stopped investing in Brazil because of President Bolsonaro. “The government creates great insecurity for society and investors. People are not investing anymore because of the environment and the democratic issue”.

Sitting next to Maia at the lecture, former President Fernando Henrique Cardoso also criticized the government. “When the President does not exercise power, other forces will. When the leadership doesn’t play the role of aggregation, things don’t progress,” he said, noting that Bolsonaro’s leadership lacks direction. At the end of his comments, FHC praised Maia. “Thank God we have leaders in Congress. The main one is here beside me”.

Despite this, Maia said that Congress does not want to have “an inch of what is the responsibility of the Executive”. “Conflicts are created where they don’t exist in a country with 11 million unemployed. We cannot discuss something created to spread hatred, which is this issue of white [disguised] parliamentarianism”, he said.

Imbalance

The term “white parliamentarianism” was used by the Cabinet Minister of Institutional Security (GSI), Augusto Heleno, caught on a social media broadcast on February 18th saying that the government “cannot accept these guys blackmailing us all the time” when referring to Congress.

The disclosure of the Minister’s statements was used by Bolsonarist groups to call for action against legislators. In his speech yesterday, Maia said that Heleno became the ” Minister of imbalance”. “They turn untrue issues into truths on social media to create an enemy against the government.”

Source: Exame

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