IBOV 176,013 ▲ 0.16% IPSA 10,928 ▲ 0.16% IPC MEX 66,618 ▲ 0.98% MERVAL 3,228,986 ▼ 0.20% COLCAP 2,300.88 ▼ 0.29% BVL PERÚ 56,428.20 ▲ 2.18% USD/BRL5.08▼ 1.18% USD/MXN17.43▼ 0.59% USD/CLP923.58▼ 1.00% USD/COP3,255▼ 0.22% USD/PEN3.39▼ 0.62% USD/ARS1,473▼ 0.71% USD/UYU40.23▲ 0.99% USD/PYG6,039▲ 1.12% USD/BOB10.35▲ 6.04% USD/DOP58.31▲ 0.39% USD/CRC448.93▲ 1.31% USD/GTQ7.62▲ 2.07% USD/HNL26.73▲ 1.38% USD/NIO36.62▲ 0.63% USD/VES722.19▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.59▲ 0.64% USD/TTD6.75▲ 1.19% EUR/BRL5.80▼ 0.28% BRENT 84.86 ▲ 1.87% WTI 79.04 ▲ 1.15% IRON ORE 161.91 — — COPPER 6.38 ▲ 2.42% GOLD 4,070 ▲ 1.82% SILVER 59.15 ▲ 2.62% SOY 1,192 ▼ 0.85% CORN 459.75 ▲ 5.03% WHEAT 644.75 ▲ 2.83% COFFEE 334.85 ▼ 1.92% SUGAR 14.91 ▲ 1.08% ORANGE JUICE 139.35 ▼ 2.24% COTTON 81.68 ▲ 2.32% COCOA 5,824 ▲ 2.25% BEEF 231.90 ▼ 1.20% CATTLE 349.65 ▼ 1.33% LITHIUM 71.43 ▲ 1.69% PETR4 40.77 ▲ 0.27% VALE3 73.92 ▲ 1.47% ITUB4 43.45 ▼ 0.16% BBDC4 18.54 ▼ 1.23% ABEV3 15.86 ▲ 0.19% BBAS3 20.46 ▲ 1.09% B3SA3 15.31 ▲ 1.26% WEGE3 44.19 ▼ 0.45% PRIO3 56.98 ▼ 0.38% SUZB3 41.05 ▼ 1.06% RENT3 40.30 ▲ 0.25% AZZA3 18.86 ▼ 1.87% CSAN3 3.87 ▼ 0.77% RAIZ4 0.32 ▼ 3.03% PCAR3 2.47 ▼ 4.63% GMAT3 3.95 ▲ 0.25% PSSA3 53.98 ▼ 0.11% CVCB3 1.27 ▲ 1.60% POSI3 3.94 ▼ 1.25% SLCE3 13.67 ▼ 1.44% NATU3 8.50 ▼ 1.16% BRKM5 6.63 ▼ 4.47% RANI3 8.01 ▲ 0.75% CSNA3 5.12 ▼ 2.29% CMIN3 5.22 ▼ 4.22% USIM5 8.25 ▼ 1.55% GGBR4 23.08 ▲ 1.14% ENEV3 26.89 ▲ 0.04% CPFE3 46.99 ▲ 0.32% CMIG4 11.10 ▲ 0.27% EQTL3 40.56 ▲ 0.87% LREN3 14.12 ▼ 0.21% VIVT3 35.20 ▲ 1.35% RAIL3 14.09 ▼ 0.14% KLABIN 17.34 ▼ 0.80% RAIA DROGASIL 18.38 ▲ 0.99% RDOR3 35.61 ▲ 0.14% HAPV3 10.63 ▲ 1.63% FLRY3 16.21 ▲ 0.37% SMTO3 16.05 ▼ 1.95% UGPA3 30.00 ▼ 3.01% VBBR3 32.87 ▲ 0.34% BBSE3 40.22 ▼ 0.15% BPAC11 57.89 ▲ 0.64% CURY3 32.78 ▼ 1.03% AERI3 2.09 ▲ 0.48% VIVARA 23.23 ▲ 0.52% COMPASS 25.13 ▲ 1.45% VAMOS 3.04 ▲ 0.66% SANB11 27.27 ▼ 0.37% ASAI3 8.65 ▼ 0.69% SBSP3 30.22 ▼ 0.49% WALMEX 49.41 ▼ 0.48% GMEXICO 201.11 ▲ 2.82% FEMSA 233.05 ▲ 3.41% CEMEX 22.11 ▲ 1.52% GFNORTE 186.61 ▲ 2.49% BIMBO 56.33 ▲ 0.82% TELEVISA 9.44 ▼ 1.77% AMX 22.86 ▲ 1.20% GAP 387.54 ▼ 5.06% ASUR 277.70 ▼ 0.34% OMA 233.97 ▲ 0.28% KOF 181.80 ▲ 0.07% GRUMA 282.41 ▲ 0.37% KIMBER 38.41 ▲ 0.50% SQM-B 67,511 ▲ 0.45% COPEC 6,074 ▲ 0.28% BSANTANDER 78.87 ▲ 0.86% FALABELLA 5,906 ▲ 0.02% ENELAM 85.20 ▲ 1.19% CENCOSUD 2,057 ▲ 0.83% CMPC 1,087 ▲ 0.84% BANCO CHILE 188.49 ▲ 1.89% LATAM AIR 24.53 ▼ 1.49% YPF 76,850 ▼ 0.42% GGAL 8,050 ▼ 0.37% PAMPA 5,205 ▼ 0.38% TXAR 665.00 ▲ 0.08% ALUAR 961.00 ▼ 0.36% TGS 9,670 ▲ 1.04% CEPU 2,304 ▼ 0.65% MIRGOR 16,825 ▼ 1.03% COME 45.20 ▲ 0.94% LOMA NEGRA 3,540 ▲ 1.22% BYMA 306.50 ▼ 0.57% TELECOM ARG 4,250 — 0.00% ECOPETROL 15.95 ▲ 0.44% BANCOLOMBIA 81.77 ▲ 1.67% GRUPO AVAL 4.91 — 0.00% CREDICORP 391.93 ▲ 0.70% SOUTHERN COPPER 180.16 ▲ 3.23% BUENAVENTURA 30.80 ▲ 3.27% MERCADOLIBRE 1,868 ▲ 0.01% NUBANK 13.95 ▲ 2.01% XP 16.68 ▲ 1.89% PAGSEGURO 9.20 ▼ 0.86% STONE 11.16 ▲ 0.09% GLOBANT 31.65 ▼ 1.48% TECNOGLASS 43.43 ▲ 1.37% GAP AIRPORT 222.34 ▼ 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PCAR3 2.47 ▼ 4.63% GMAT3 3.95 ▲ 0.25% PSSA3 53.98 ▼ 0.11% CVCB3 1.27 ▲ 1.60% POSI3 3.94 ▼ 1.25% SLCE3 13.67 ▼ 1.44% NATU3 8.50 ▼ 1.16% BRKM5 6.63 ▼ 4.47% RANI3 8.01 ▲ 0.75% CSNA3 5.12 ▼ 2.29% CMIN3 5.22 ▼ 4.22% USIM5 8.25 ▼ 1.55% GGBR4 23.08 ▲ 1.14% ENEV3 26.89 ▲ 0.04% CPFE3 46.99 ▲ 0.32% CMIG4 11.10 ▲ 0.27% EQTL3 40.56 ▲ 0.87% LREN3 14.12 ▼ 0.21% VIVT3 35.20 ▲ 1.35% RAIL3 14.09 ▼ 0.14% KLABIN 17.34 ▼ 0.80% RAIA DROGASIL 18.38 ▲ 0.99% RDOR3 35.61 ▲ 0.14% HAPV3 10.63 ▲ 1.63% FLRY3 16.21 ▲ 0.37% SMTO3 16.05 ▼ 1.95% UGPA3 30.00 ▼ 3.01% VBBR3 32.87 ▲ 0.34% BBSE3 40.22 ▼ 0.15% BPAC11 57.89 ▲ 0.64% CURY3 32.78 ▼ 1.03% AERI3 2.09 ▲ 0.48% VIVARA 23.23 ▲ 0.52% COMPASS 25.13 ▲ 1.45% VAMOS 3.04 ▲ 0.66% SANB11 27.27 ▼ 0.37% ASAI3 8.65 ▼ 0.69% SBSP3 30.22 ▼ 0.49% WALMEX 49.41 ▼ 0.48% GMEXICO 201.11 ▲ 2.82% FEMSA 233.05 ▲ 3.41% CEMEX 22.11 ▲ 1.52% GFNORTE 186.61 ▲ 2.49% BIMBO 56.33 ▲ 0.82% TELEVISA 9.44 ▼ 1.77% AMX 22.86 ▲ 1.20% GAP 387.54 ▼ 5.06% ASUR 277.70 ▼ 0.34% OMA 233.97 ▲ 0.28% KOF 181.80 ▲ 0.07% GRUMA 282.41 ▲ 0.37% KIMBER 38.41 ▲ 0.50% SQM-B 67,511 ▲ 0.45% COPEC 6,074 ▲ 0.28% BSANTANDER 78.87 ▲ 0.86% FALABELLA 5,906 ▲ 0.02% ENELAM 85.20 ▲ 1.19% CENCOSUD 2,057 ▲ 0.83% CMPC 1,087 ▲ 0.84% BANCO CHILE 188.49 ▲ 1.89% LATAM AIR 24.53 ▼ 1.49% YPF 76,850 ▼ 0.42% GGAL 8,050 ▼ 0.37% PAMPA 5,205 ▼ 0.38% TXAR 665.00 ▲ 0.08% ALUAR 961.00 ▼ 0.36% TGS 9,670 ▲ 1.04% CEPU 2,304 ▼ 0.65% MIRGOR 16,825 ▼ 1.03% COME 45.20 ▲ 0.94% LOMA NEGRA 3,540 ▲ 1.22% BYMA 306.50 ▼ 0.57% TELECOM ARG 4,250 — 0.00% ECOPETROL 15.95 ▲ 0.44% BANCOLOMBIA 81.77 ▲ 1.67% GRUPO AVAL 4.91 — 0.00% CREDICORP 391.93 ▲ 0.70% SOUTHERN COPPER 180.16 ▲ 3.23% BUENAVENTURA 30.80 ▲ 3.27% MERCADOLIBRE 1,868 ▲ 0.01% NUBANK 13.95 ▲ 2.01% XP 16.68 ▲ 1.89% PAGSEGURO 9.20 ▼ 0.86% STONE 11.16 ▲ 0.09% GLOBANT 31.65 ▼ 1.48% TECNOGLASS 43.43 ▲ 1.37% GAP AIRPORT 222.34 ▼ 4.48% ASUR 277.70 ▼ 0.34% OMA AIRPORT 107.54 ▲ 1.33% AMX ADR 26.16 ▲ 0.50% FEMSA ADR 133.81 ▲ 3.72% CEMEX ADR 12.70 ▲ 2.01% PETROBRAS ADR 17.99 ▲ 0.62% VALE ADR 14.53 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Opinion: Brazil’s Bolsonaro – How’s He Doing in 2019?

By · January 3, 2019 · 3 min read

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Opinion by Michael Royster

RIO DE JANEIRO, BRAZIL – Immediately after his formal swearing-in as Brazil’s President, Jair Messias Bolsonaro  gave two speeches.  The first was to the assembled Legislative branch and was full of the usual bla-bla-bla about unity and working together, creating a renewed Brazil, etc.

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The second speech was made from a marble pulpit (called a “Parlatório”) jutting out from the Planalto Palace; here Bolsonaro showed a distinct tendency towards celebration of his middle name, which means “Messiah”.

If “messianic” is perhaps to strong a term for his preachment, “populist” will do just fine; so will “pugnacious”. The Curmudgeon has collected a few examples.

Example 1: “Brazil’s flag is green and yellow, and will never be red, unless we must shed our blood to keep it green and yellow.”

Example 2: Brazil has begun to be liberated from “socialism, the inversion of values, gigantic statism and political correctness”.

Example 3: The challenge is to end “the ideological indoctrination of our children, the distortion of human rights and the deconstruction of the family”.

Example 4: We will end the ideology that “defends bandidos and incriminates the police.”

Example 5: We will “remove ideological bias from our foreign relations.”

Example 1, which he shouted while waving a flag to his audience, half of whom were wearing green and yellow shirts, is food for his base supporters, directed against PT and all the leftist parties whose color has long been red. In the 1950’s Sen. McCarthy used to say “better dead than red” but he didn’t really believe it.

Example 2 is the same message, itemized: PT and its ilk are socialists, with “inverted” values (meaning they support LGBTQs), who favor monopolistic state-owned enterprises and political correctness.

Example 3 fulfills his campaign promise to eliminate anything vaguely leftish from basic education, particularly teachings about gender differences and human rights.

Example 4 is mere code for the hateful phrase “the only good bandido is a dead bandido”, a viewpoint shared by at least four out of every five Brazilians.

Example 5 is simply a lie.  Bolsonaro specifically disinvited the (leftist) heads of state of Cuba, Venezuela and Nicaragua from attending his inauguration, while specifically cultivating the (rightist) heads of state of Israel and Hungary. If that’s not blatant ideological bias, the Curmudgeon will eat his hat.

The Curmudgeon will now point out the obvious: none of the quoted Examples is calculated to make anyone who voted for Bolsonaro’s opponent (more than one third of all voters) feel warm and comfy. They’re retreads of his campaign rhetoric, designed to get him elected, not to build successful coalitions of well-meaning folk to improve Brazil.

The Curmudgeon mistrusts messianic messengers, perhaps because his own given name (“Micha-el”) was, in Hebrew, a rhetorical question—“¿Who is like God?” Politicians who claim they are Messiahs claim to be like God — they can “deliver us from evil” — but they never do.

One poll taken after the inauguration shows around two-thirds of the Brazilian populace feeling optimistic for the future under Bolsonaro. The Curmudgeon does not share that optimism.

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