IBOV 176,521 ▼ 0.76% IPSA 10,967 ▼ 0.81% IPC MEX 66,264 ▼ 0.35% MERVAL 3,271,084 ▼ 0.28% COLCAP 2,307.67 ▲ 0.65% BVL PERÚ 56,917.82 ▼ 0.06% USD/BRL5.13▲ 0.52% USD/MXN17.52▲ 0.27% USD/CLP930.75▲ 0.64% USD/COP3,237▼ 0.27% USD/PEN3.41▲ 0.47% USD/ARS1,485▼ 0.20% USD/UYU 40.22 — 0.00% USD/PYG6,045▼ 0.17% USD/BOB10.35▲ 2.07% USD/DOP58.37▼ 0.19% USD/CRC448.53▼ 0.06% USD/GTQ7.62▼ 0.10% USD/HNL26.73▲ 0.04% USD/NIO 36.62 — 0.00% USD/VES719.54▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.69▼ 0.25% USD/TTD6.74▼ 0.12% EUR/BRL5.87▲ 0.81% BRENT 80.08 ▲ 5.35% WTI 75.17 ▲ 5.27% IRON ORE 161.91 — — COPPER 6.29 ▲ 0.91% GOLD 4,010 ▼ 2.29% SILVER 58.03 ▼ 2.98% SOY 1,199 ▲ 0.23% CORN 466.75 ▲ 6.56% WHEAT 639.00 ▲ 1.11% COFFEE 328.20 ▼ 4.31% SUGAR 14.69 ▼ 1.28% ORANGE JUICE 142.35 ▼ 3.72% COTTON 81.49 ▲ 1.96% COCOA 5,804 ▼ 1.94% BEEF 235.63 ▲ 0.18% CATTLE 356.80 ▲ 0.62% LITHIUM 70.22 ▼ 2.91% PETR4 40.73 ▲ 2.72% VALE3 73.02 ▼ 1.56% ITUB4 43.79 ▼ 1.15% BBDC4 18.84 ▼ 0.11% ABEV3 15.86 ▲ 0.25% BBAS3 20.32 ▼ 1.26% B3SA3 15.09 ▼ 2.14% WEGE3 44.45 ▼ 4.43% PRIO3 56.32 ▲ 1.57% SUZB3 41.66 ▲ 0.26% RENT3 40.65 ▼ 1.09% AZZA3 19.27 ▲ 0.89% CSAN3 3.95 ▼ 2.95% RAIZ4 0.34 ▼ 2.86% PCAR3 2.65 ▼ 2.93% GMAT3 4.01 ▲ 1.01% PSSA3 53.99 ▼ 1.78% CVCB3 1.25 — 0.00% POSI3 3.91 ▼ 1.51% SLCE3 14.04 ▲ 0.14% NATU3 8.70 ▲ 0.23% BRKM5 6.71 ▲ 1.21% RANI3 7.99 ▼ 0.25% CSNA3 5.28 ▲ 1.93% CMIN3 5.47 ▲ 4.59% USIM5 8.43 ▼ 0.24% GGBR4 23.10 ▲ 0.39% ENEV3 27.03 ▼ 1.89% CPFE3 47.16 ▼ 1.48% CMIG4 11.13 ▼ 2.20% EQTL3 40.44 ▼ 1.15% LREN3 14.44 ▼ 1.23% VIVT3 35.30 ▼ 1.26% RAIL3 14.15 ▼ 1.46% KLABIN 17.54 — 0.00% RAIA DROGASIL 18.37 ▼ 2.13% RDOR3 35.70 ▼ 0.89% HAPV3 10.59 ▼ 0.09% FLRY3 16.31 ▼ 0.67% SMTO3 16.75 ▲ 2.32% UGPA3 31.00 ▲ 0.94% VBBR3 33.27 ▲ 0.82% BBSE3 40.17 ▼ 0.45% BPAC11 57.93 ▼ 1.36% CURY3 33.58 ▼ 1.84% AERI3 2.05 ▼ 1.91% VIVARA 23.21 ▼ 1.36% COMPASS 25.28 ▼ 0.86% VAMOS 3.05 ▼ 0.33% SANB11 27.26 ▼ 1.30% ASAI3 8.78 ▼ 1.01% SBSP3 30.51 ▼ 1.93% WALMEX 49.94 ▲ 1.26% GMEXICO 196.23 ▼ 1.51% FEMSA 226.39 ▲ 1.38% CEMEX 21.74 ▼ 0.55% GFNORTE 184.70 ▼ 1.01% BIMBO 56.25 ▲ 0.27% TELEVISA 9.56 ▼ 1.75% AMX 23.07 ▲ 1.63% GAP 407.90 ▼ 1.11% ASUR 279.84 ▼ 1.85% OMA 232.11 ▼ 1.85% KOF 181.22 ▲ 0.60% GRUMA 283.58 ▲ 0.01% KIMBER 38.29 ▲ 0.58% SQM-B 67,296 ▼ 0.67% COPEC 6,104 ▼ 0.58% BSANTANDER 77.52 ▼ 1.87% FALABELLA 5,990 ▲ 1.43% ENELAM 84.39 ▼ 1.18% CENCOSUD 2,045 ▼ 0.00% CMPC 1,104 ▼ 0.44% BANCO CHILE 184.95 ▼ 2.08% LATAM AIR 25.43 ▼ 3.16% YPF 77,100 ▲ 3.63% GGAL 8,215 ▼ 1.44% PAMPA 5,295 ▲ 2.22% TXAR 669.00 ▼ 0.30% ALUAR 980.00 ▲ 0.46% TGS 9,850 ▲ 2.66% CEPU 2,364 ▼ 1.34% MIRGOR 16,975 ▼ 1.59% COME 45.10 ▼ 1.76% LOMA NEGRA 3,540 ▼ 1.19% BYMA 307.00 ▼ 2.23% TELECOM ARG 4,215 ▼ 0.71% ECOPETROL 15.76 ▲ 1.16% BANCOLOMBIA 81.24 ▼ 2.06% GRUPO AVAL 5.00 ▼ 1.38% CREDICORP 393.54 ▼ 1.81% SOUTHERN COPPER 176.43 ▲ 0.34% BUENAVENTURA 29.85 ▼ 0.50% MERCADOLIBRE 1,874 ▲ 1.17% NUBANK 13.78 ▲ 0.15% XP 16.50 ▼ 2.51% PAGSEGURO 9.36 ▲ 1.19% STONE 11.29 ▲ 0.67% GLOBANT 32.10 ▲ 7.14% TECNOGLASS 42.40 ▼ 3.42% GAP AIRPORT 233.35 ▼ 0.97% ASUR 279.84 ▼ 1.85% OMA AIRPORT 106.06 ▼ 1.84% AMX ADR 26.32 ▲ 1.19% FEMSA ADR 129.45 ▲ 1.40% CEMEX ADR 12.45 ▼ 0.28% PETROBRAS ADR 17.80 ▲ 2.74% VALE ADR 14.24 ▼ 1.56% ITAU ADR 8.54 ▼ 0.93% SANTANDER BR 5.35 ▼ 0.83% AMBEV ADR 3.08 ▲ 0.16% CSN 1.04 ▲ 2.48% GERDAU 4.53 ▲ 0.56% LATAM ADR 54.83 ▼ 2.87% BTC 62,239 ▼ 2.38% ETH 1,769 ▼ 2.05% SOL 75.21 ▼ 2.16% XRP 1.07 ▼ 1.74% BNB 565.32 ▼ 1.50% ADA 0.16 ▼ 2.51% DOGE 0.07 ▼ 1.50% AVAX 6.51 ▲ 1.69% LINK 7.90 ▼ 1.16% DOT 0.84 ▼ 0.97% LTC 43.33 ▼ 1.46% BCH 235.95 ▼ 1.67% TRX 0.33 ▼ 1.68% XLM 0.18 ▼ 2.75% HBAR 0.07 ▼ 1.22% NEAR 1.93 ▲ 2.40% ATOM 1.54 ▼ 1.47% AAVE 95.16 ▼ 1.96% SELIC 14.25% EMBRAER 83.19 ▼ 1.67% EMBRAER ADR 65.00 ▼ 1.53% JBS 11.86 ▼ 0.46% JBS BDR 60.58 ▼ 0.33% MBRF3 15.80 ▲ 1.61% MBRFY 3.05 ▲ 0.99% INTER 5.67 ▼ 2.66% EGX 52,608 ▲ 0.67% USD/ZAR16.43▲ 0.66% USD/NGN1,378▼ 0.05% NIKKEI 67,243 ▼ 1.92% CSI300 4,695 ▼ 1.79% HSI 24,214 ▲ 0.16% NIFTY 24,211 ▲ 0.02% KOSPI 6,807 ▼ 8.95% JCI 6,038 ▲ 1.92% USD/JPY162.44▲ 0.44% 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10.59 ▼ 0.09% FLRY3 16.31 ▼ 0.67% SMTO3 16.75 ▲ 2.32% UGPA3 31.00 ▲ 0.94% VBBR3 33.27 ▲ 0.82% BBSE3 40.17 ▼ 0.45% BPAC11 57.93 ▼ 1.36% CURY3 33.58 ▼ 1.84% AERI3 2.05 ▼ 1.91% VIVARA 23.21 ▼ 1.36% COMPASS 25.28 ▼ 0.86% VAMOS 3.05 ▼ 0.33% SANB11 27.26 ▼ 1.30% ASAI3 8.78 ▼ 1.01% SBSP3 30.51 ▼ 1.93% WALMEX 49.94 ▲ 1.26% GMEXICO 196.23 ▼ 1.51% FEMSA 226.39 ▲ 1.38% CEMEX 21.74 ▼ 0.55% GFNORTE 184.70 ▼ 1.01% BIMBO 56.25 ▲ 0.27% TELEVISA 9.56 ▼ 1.75% AMX 23.07 ▲ 1.63% GAP 407.90 ▼ 1.11% ASUR 279.84 ▼ 1.85% OMA 232.11 ▼ 1.85% KOF 181.22 ▲ 0.60% GRUMA 283.58 ▲ 0.01% KIMBER 38.29 ▲ 0.58% SQM-B 67,296 ▼ 0.67% COPEC 6,104 ▼ 0.58% BSANTANDER 77.52 ▼ 1.87% FALABELLA 5,990 ▲ 1.43% ENELAM 84.39 ▼ 1.18% CENCOSUD 2,045 ▼ 0.00% CMPC 1,104 ▼ 0.44% BANCO CHILE 184.95 ▼ 2.08% LATAM AIR 25.43 ▼ 3.16% YPF 77,100 ▲ 3.63% GGAL 8,215 ▼ 1.44% PAMPA 5,295 ▲ 2.22% TXAR 669.00 ▼ 0.30% ALUAR 980.00 ▲ 0.46% TGS 9,850 ▲ 2.66% CEPU 2,364 ▼ 1.34% MIRGOR 16,975 ▼ 1.59% COME 45.10 ▼ 1.76% LOMA NEGRA 3,540 ▼ 1.19% BYMA 307.00 ▼ 2.23% TELECOM ARG 4,215 ▼ 0.71% ECOPETROL 15.76 ▲ 1.16% BANCOLOMBIA 81.24 ▼ 2.06% GRUPO AVAL 5.00 ▼ 1.38% CREDICORP 393.54 ▼ 1.81% SOUTHERN COPPER 176.43 ▲ 0.34% BUENAVENTURA 29.85 ▼ 0.50% MERCADOLIBRE 1,874 ▲ 1.17% NUBANK 13.78 ▲ 0.15% XP 16.50 ▼ 2.51% PAGSEGURO 9.36 ▲ 1.19% STONE 11.29 ▲ 0.67% GLOBANT 32.10 ▲ 7.14% TECNOGLASS 42.40 ▼ 3.42% GAP AIRPORT 233.35 ▼ 0.97% ASUR 279.84 ▼ 1.85% OMA AIRPORT 106.06 ▼ 1.84% AMX ADR 26.32 ▲ 1.19% FEMSA ADR 129.45 ▲ 1.40% CEMEX ADR 12.45 ▼ 0.28% PETROBRAS ADR 17.80 ▲ 2.74% VALE ADR 14.24 ▼ 1.56% ITAU ADR 8.54 ▼ 0.93% SANTANDER BR 5.35 ▼ 0.83% AMBEV ADR 3.08 ▲ 0.16% CSN 1.04 ▲ 2.48% GERDAU 4.53 ▲ 0.56% LATAM ADR 54.83 ▼ 2.87% BTC 62,239 ▼ 2.38% ETH 1,769 ▼ 2.05% SOL 75.21 ▼ 2.16% XRP 1.07 ▼ 1.74% BNB 565.32 ▼ 1.50% ADA 0.16 ▼ 2.51% DOGE 0.07 ▼ 1.50% AVAX 6.51 ▲ 1.69% LINK 7.90 ▼ 1.16% DOT 0.84 ▼ 0.97% LTC 43.33 ▼ 1.46% BCH 235.95 ▼ 1.67% TRX 0.33 ▼ 1.68% XLM 0.18 ▼ 2.75% HBAR 0.07 ▼ 1.22% NEAR 1.93 ▲ 2.40% ATOM 1.54 ▼ 1.47% AAVE 95.16 ▼ 1.96% 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Opinion: Bolsonaro impeachment? Be careful what you wish for

By · May 16, 2021 · 3 min read

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RIO DE JANEIRO, BRAZIL – (Opinion) – On May 11 and 12, a Datafolha poll asked over 2,000 people throughout Brazil: “Should Congress open impeachment proceedings against President Bolsonaro?”

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Datafolha began asking this question over one year ago, at the beginning of the Covid-19 crisis in Brazil, and for the first time, more responders (49%) said “Yes” than said “No” (46%). (4% had no opinion.)

Opinion: Impeachment? Be careful what you wish for
Opinion: Impeachment? Be careful what you wish for. (Photo internet reproduction)
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This result is hardly surprising, because the same poll showed two other results that were unflattering to Bolsonaro’s image: one predicts him losing the 2022 presidential elections to ex-President Lula by a wide margin; the other indicates that 51% of those polled disapprove of his handling of the Covid-19 pandemic.

Read also: https://www.riotimesonline.com/lula-would-win-in-a-runoff-against-bolsonaro-in-2022-according-to-poll/

The likely reason behind these result is the publicity given to the Bolsonaro administration by the Parliamentary Inquiry Committee (CPI) installed by the federal Senate in early May.

For this column, the Curmudgeon wants to ask readers a series of question. The first is, “Do you favor the impeachment of President Bolsonaro?” To those who answer “Yes, I do”, the next question is, “Do you favor a return to the military governing Brazil?”

The Curmudgeon believes that 9 out of 10 readers will react in horror and say “No! Never Again!, while querying the relevance of this second question. To help readers understand, he now asks his third question: “Do you know what happens when the President of Brazil is impeached?”

Again, 9 out of 10 readers will answer that they know. When the Chamber of Deputies impeaches the President for a “crime de responsabilidade” (crime of accountability), and the Senate convicts him of that crime, the Vice President becomes President.

If Bolsonaro is impeached, Antonio Hamilton Martins Mourão, a retired 4-star Army General drafted as VP at the last minute onto Bolsonaro’s campaign ticket, with little or no previous political involvement, will become President of the Federative Republic of Brazil.

The Curmudgeon believes that this could very well trigger a serious constitutional and institutional crisis.

In everyday Portuguese, a “mourão” is a concrete fencepost that anchors barbed wire fences. Early on, Brazil’s VP Mourão tried to stake out a position as the more steady, more measured, less volatile counterpoint to Bolsonaro’s untrammeled Trump-like tendencies – he would be the concrete keeping the prickly wire from snapping.

Read also: https://www.riotimesonline.com/disapproval-of-bolsonaros-management-in-the-pandemic-stands-at-51-datafolha/

That desire was anathema to Bolsonaro, who has largely put Mourão out to political pasture, avoiding any possibilities that an ambitious Mourão could surreptitiously build up his own political following.

Now that ex-President Lula is eligible to run against him, Bolsonaro has doubled down on his determination not to leave office – he’s “not going gently into that dark night.”

Consider his latest outburst after the poll said he would lose to Lula in a runoff election in 2022: “Only God can remove me from this seat!”

Consider his demand for a return to paper ballots, guaranteed to encourage vote swindling and ensure endless recounts, a la Trump 2020.

Consider his repeated and baseless claims that in 2018 a first-round victory was “stolen” from him by fraud, and that if he loses in 2022 it will only be because of fraud.

During the first two years of Bolsonaro’s, over 100 motions for impeachment were submitted to the presidents of the Chamber of Deputies. Rodrigo Maia and Arthur Lira, both savvy political operators, have resisted putting any impeachment wheels in motion.

The Curmudgeon submits that both of them have recognized Bolsonaro’s secret desire to carry out an “auto-coup”, whereby democratically elected chief executives (e.g. Peru’s Alberto Fujimori, Turkey’s Recep Tajjik Erdogan, the Philppines’ Rodrigo Duterte) convert themselves into autocratic strongmen.

The Curmudgeon submits that VP Mourão is more likely to succeed in an “auto-coup” than Bolsonaro himself. The support of the military is essential, and while Captain Bolsonaro tries to portray himself as the defender of the military rank and file, General Mourão is the favorite of the highest ranking officers.

If Congress impeaches Bolsonaro, General Mourão will take over the reins of government until the end of 2022 – unless, of course, a military-backed “auto-coup” postpones or cancels the presidential elections scheduled for October that year.

For the Curmudgeon, the consequences of impeachment present a far more frightening prospect than leaving the inept, intemperate, and invidious incumbent in office.

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