IBOV 175,664.62 ▲ 0.30% IPSA 11,445.90 ▼ 0.22% IPC MEX 65,561.46 ▼ 0.41% MERVAL 2,979,472 ▼ 0.72% COLCAP 2,457.87 ▼ 1.28% BVL PERÚ 60,779.49 ▼ 1.40% USD/BRL5.19▲ 0.45% USD/MXN17.03▲ 0.26% USD/CLP930.58▲ 0.45% USD/COP3,202▲ 2.39% USD/PEN3.35▼ 0.07% USD/ARS1,512— 0.00% USD/UYU40.27▲ 1.50% USD/PYG5,900▲ 0.50% USD/BOB11.78▲ 3.59% USD/DOP58.61▲ 0.96% USD/CRC446.65▲ 0.98% USD/GTQ7.62▲ 2.25% USD/HNL26.84▲ 0.40% USD/NIO36.62▼ 0.02% USD/VES789.69▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD 157.28 — 0.00% USD/TTD6.72▲ 0.77% EUR/BRL6.01▲ 0.17% BRENT 88.88 ▼ 0.03% WTI 83.11 ▼ 0.11% IRON ORE 161.91 — — COPPER 6.61 ▲ 0.03% GOLD 4,461 ▲ 1.78% SILVER 65.59 ▲ 1.26% SOY 1,184 ▲ 3.20% CORN 480.50 ▲ 10.02% WHEAT 655.00 ▲ 3.93% COFFEE 317.25 ▼ 5.51% SUGAR 16.43 ▼ 1.79% ORANGE JUICE 138.55 ▼ 0.47% COTTON 85.03 ▲ 2.33% COCOA 5,719 ▲ 3.18% BEEF 223.60 ▼ 3.93% CATTLE 339.10 ▼ 3.16% LITHIUM 75.20 ▲ 1.47% PETR4 41.64 ▼ 0.05% VALE3 72.97 ▲ 0.83% ITUB4 38.60 ▼ 1.03% BBDC4 16.85 ▲ 0.36% ABEV3 14.89 ▼ 0.80% BBAS3 19.37 ▲ 0.47% B3SA3 14.26 ▼ 0.21% WEGE3 47.59 ▲ 0.49% PRIO3 59.14 ▼ 0.19% SUZB3 41.33 ▲ 2.35% RENT3 34.68 ▼ 0.09% AZZA3 15.89 ▼ 2.63% CSAN3 3.22 ▼ 1.83% RAIZ4 0.25 — 0.00% PCAR3 2.75 ▼ 0.36% GMAT3 3.65 ▼ 1.08% PSSA3 48.13 ▼ 0.54% CVCB3 1.33 ▼ 2.92% POSI3 3.36 ▲ 2.44% SLCE3 13.34 ▲ 0.30% NATU3 8.14 ▼ 0.73% IBOV 175,664.62 ▲ 0.30% IPSA 11,445.90 ▼ 0.22% IPC MEX 65,561.46 ▼ 0.41% MERVAL 2,979,472 ▼ 0.72% COLCAP 2,457.87 ▼ 1.28% BVL PERÚ 60,779.49 ▼ 1.40% USD/BRL 5.16 ▲ 0.01% USD/MXN 17.06 ▼ 0.24% USD/CLP 913.98 ▲ 0.04% USD/COP 3,140 ▲ 0.03% USD/PEN 3.36 ▼ 0.66% USD/ARS 1,493 ▲ 0.10% USD/UYU 40.27 ▲ 1.24% USD/PYG 5,939 ▲ 1.68% USD/BOB 11.64 ▼ 0.76% USD/DOP 58.34 ▲ 1.25% USD/CRC 445.92 ▲ 0.89% USD/GTQ 7.62 ▲ 2.21% USD/HNL 26.79 ▲ 1.57% USD/NIO 36.62 ▲ 0.69% USD/VES 762.44 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.28 — 0.00% USD/TTD 6.70 ▲ 0.61% EUR/BRL 5.95 ▲ 1.01% BRENT 88.88 ▼ 0.03% WTI 83.11 ▼ 0.11% IRON ORE 161.91 — — COPPER 6.61 ▲ 0.03% GOLD 4,461 ▲ 1.78% SILVER 65.59 ▲ 1.26% SOY 1,184 ▲ 3.20% CORN 480.50 ▲ 10.02% WHEAT 655.00 ▲ 3.93% COFFEE 317.25 ▼ 5.51% SUGAR 16.43 ▼ 1.79% ORANGE JUICE 138.55 ▼ 0.47% COTTON 85.03 ▲ 2.33% COCOA 5,719 ▲ 3.18% BEEF 223.60 ▼ 3.93% CATTLE 339.10 ▼ 3.16% LITHIUM 75.20 ▲ 1.47% PETR4 41.64 ▼ 0.05% VALE3 72.97 ▲ 0.83% ITUB4 38.60 ▼ 1.03% BBDC4 16.85 ▲ 0.36% ABEV3 14.89 ▼ 0.80% BBAS3 19.37 ▲ 0.47% B3SA3 14.26 ▼ 0.21% WEGE3 47.59 ▲ 0.49% PRIO3 59.14 ▼ 0.19% SUZB3 41.33 ▲ 2.35% RENT3 34.68 ▼ 0.09% AZZA3 15.89 ▼ 2.63% CSAN3 3.22 ▼ 1.83% RAIZ4 0.25 — 0.00% PCAR3 2.75 ▼ 0.36% GMAT3 3.65 ▼ 1.08% PSSA3 48.13 ▼ 0.54% CVCB3 1.33 ▼ 2.92% POSI3 3.36 ▲ 2.44% SLCE3 13.34 ▲ 0.30% NATU3 8.14 ▼ 0.73%
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Analysis: Bolsonaro’s Recent Focus on Poorest Population Stymies the Opposition

By · August 27, 2020 · 3 min read

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RIO DE JANEIRO, BRAZIL – Jair Bolsonaro was elected President with the vote of the wealthiest. He seeks reelection with the vote of the poorest. The wealthy adopted him two years ago to defeat the PT (Workers’ Party). The middle class too, but it has always been unreliable.

Thus, Bolsonaro may lament the fact that his sudden preferential option for the poor undermines the fiscal adjustment, but so be it.

Bolsonaro laments the fact that his sudden preferential option for the poor undermines the fiscal adjustment, but so be it.
Bolsonaro laments the fact that his sudden preferential option for the poor undermines the fiscal adjustment, but so be it. (Photo: internet reproduction)
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So, Paulo Guedes, what would be the point in tidying up the government so that someone else, other than Bolsonaro, could later benefit from this?

In the second round of the 2018 election, Bolsonaro won in 97 percent of the wealthiest cities, and Haddad in 98 percent of the poorest.

In the wealthiest agribusiness regions, Bolsonaro won 61.54 percent of the valid votes against 38.46 percent for Haddad.

Haddad won in more municipalities – 2,810 to 2,760. Still, Bolsonaro had 10.7 million more total votes than he did.

There was a time when the Northeasterners’ vote sustained Arena, a pseudo-party created by the 1964 military dictatorship.

And there was a time, more recently, when it sustained four PT governments. Or rather: three and a half governments.

The Northeasterners’ hearts have always beaten faster for governments or parties that have met their needs. Obviously.

With the Covid-19 emergency aid, Bolsonaro’s rejection rate in the Northeast plummeted from 52 percent in June to 35 percent now.

Guedes wanted the aid to be R$200 (US$40) per month. The Congress asked for R$500. Bolsonaro granted R$600.

The Economy Minister estimated that in its first three months, the aid cost R$152 billion.

But the aid was eventually extended for another three months. And it will remain in place until December. Guedes is willing to pay R$250. Bolsonaro wants R$300.

Opposition parties, which govern eight of the nine states in the Northeast, are perplexed and do not know what to do.

Bolsonaro has removed what used to be their prime votegetters. Bolsa Família (Family Grant) is out, Renda Brasil (Brazil Income) is in. Out with ‘Minha Casa, Minha Vida’ (My Home, My Life), in with ‘Casa Verde e Amarela’ (Green and Yellow House).

Always spending a little more money prevents the changes from looking like merely cosmetic measures or misappropriation of famous trademarks.

If Bolsonaro breaks down the Northeasterners’ doors, he will hardly fail to be reelected in 2022. It would take a broad party front to defeat him.

This will only be possible if PT agrees to give up leadership of the left-wing parties. But Lula argues that it cannot be so.

What if no other opposition candidate stands ahead of the PT candidate on the eve of the first round?

There is an argument that a candidate supported by left, right and center parties, such as PT, PSDB, DEM, PSB, PDT, could deter Bolsonaro.

What Bolsonaro most wants in 2022 is to face a PT candidate in the second round. What he most fears is to run against another type of candidate.

Source: Ricardo Noblat in Veja Magazine, August 26, 2020

This article was produced by The Rio Times’ automated newsroom system. How we use AI · Report an error

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