IBOV 177,512.41 ▼ 0.27% IPSA 11,014.88 ▼ 0.02% IPC MEX 66,935.53 ▼ 0.58% MERVAL 3,287,637 ▼ 0.11% COLCAP 2,382.69 ▼ 0.39% BVL PERÚ 57,378.30 — — USD/BRL5.08▲ 0.20% USD/MXN17.33▲ 0.08% USD/CLP924.37▼ 0.72% USD/COP3,228▲ 0.79% USD/PEN3.39▼ 0.08% USD/ARS1,494▲ 0.57% USD/UYU40.27▲ 0.17% USD/PYG5,936▲ 0.08% USD/BOB12.07▼ 0.25% USD/DOP57.83▼ 0.28% USD/CRC448.42— 0.00% USD/GTQ7.62▼ 0.08% USD/HNL26.78▲ 0.07% USD/NIO 36.62 — 0.00% USD/VES746.91▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.10▼ 0.06% USD/TTD6.74▲ 0.40% EUR/BRL5.85▼ 0.13% BRENT 83.99 ▼ 6.80% WTI 80.49 ▼ 4.94% IRON ORE 161.91 — — COPPER 6.54 ▲ 1.68% GOLD 4,109 ▲ 1.48% SILVER 58.32 ▲ 1.27% SOY 1,192 ▲ 1.73% CORN 473.00 ▲ 7.32% WHEAT 651.50 ▲ 1.92% COFFEE 321.15 ▼ 3.30% SUGAR 15.01 ▲ 2.39% ORANGE JUICE 159.20 ▲ 2.74% COTTON 81.39 ▲ 1.11% COCOA 5,903 ▲ 9.38% BEEF 227.03 ▼ 2.04% CATTLE 343.00 ▼ 1.44% LITHIUM 69.38 ▲ 0.23% PETR4 42.86 ▼ 1.29% VALE3 74.29 ▼ 2.61% ITUB4 43.01 ▲ 0.32% BBDC4 18.54 ▲ 0.70% ABEV3 15.83 ▼ 1.00% BBAS3 21.29 ▼ 0.28% B3SA3 15.58 ▼ 0.95% WEGE3 48.53 ▲ 2.82% PRIO3 58.85 ▼ 3.29% SUZB3 43.32 — 0.00% RENT3 38.11 ▲ 1.33% AZZA3 16.16 ▼ 1.58% CSAN3 4.09 ▲ 0.49% RAIZ4 0.25 ▼ 3.85% PCAR3 2.70 ▲ 4.25% GMAT3 4.00 ▼ 0.74% PSSA3 54.13 ▼ 1.04% CVCB3 1.42 ▲ 8.40% POSI3 3.54 ▼ 0.28% SLCE3 13.41 ▲ 0.22% NATU3 8.53 ▲ 1.79% BRKM5 5.91 ▼ 1.01% RANI3 8.42 ▲ 3.82% CSNA3 4.51 ▼ 6.82% CMIN3 5.70 ▼ 0.18% USIM5 7.57 ▲ 2.85% GGBR4 25.43 ▲ 1.80% ENEV3 26.80 ▲ 1.86% CPFE3 45.90 ▼ 0.52% CMIG4 11.29 ▼ 0.44% EQTL3 38.88 ▲ 0.57% LREN3 13.85 ▲ 1.84% VIVT3 32.35 ▼ 0.86% RAIL3 14.15 ▼ 2.01% KLABIN 18.35 ▲ 0.55% RAIA DROGASIL 18.66 ▲ 0.97% RDOR3 34.04 ▼ 1.73% HAPV3 11.92 ▲ 5.67% FLRY3 17.28 ▲ 0.82% SMTO3 14.38 ▼ 0.96% UGPA3 33.11 ▲ 0.18% VBBR3 36.29 ▲ 0.67% BBSE3 41.37 ▲ 0.27% BPAC11 57.28 ▲ 0.85% CURY3 31.55 ▲ 4.85% AERI3 2.14 ▼ 0.47% VIVARA 22.87 ▲ 3.11% COMPASS 24.91 ▲ 0.28% VAMOS 3.29 ▼ 1.50% SANB11 28.96 ▲ 1.19% ASAI3 8.49 ▼ 0.12% SBSP3 27.44 ▼ 0.94% WALMEX 49.72 ▼ 1.05% GMEXICO 212.23 ▲ 2.17% FEMSA 216.73 ▼ 2.13% CEMEX 20.56 ▲ 0.24% GFNORTE 198.25 ▼ 1.16% BIMBO 61.34 ▼ 1.00% TELEVISA 9.61 ▼ 2.04% AMX 21.53 ▼ 2.45% GAP 376.42 ▼ 0.03% ASUR 276.24 ▲ 0.22% OMA 230.46 ▼ 0.38% KOF 185.18 ▼ 1.11% GRUMA 264.29 ▲ 2.35% KIMBER 40.11 ▼ 0.22% SQM-B 61,751 ▼ 1.51% COPEC 6,292 ▼ 0.92% BSANTANDER 79.98 ▼ 1.25% FALABELLA 6,305 ▲ 1.43% ENELAM 87.24 ▼ 0.85% CENCOSUD 1,955 ▲ 0.01% CMPC 1,067 ▲ 1.11% BANCO CHILE 191.08 ▼ 1.36% LATAM AIR 25.25 ▲ 2.06% YPF 8,105 ▼ 2.23% GGAL 7,955 ▲ 0.93% PAMPA 5,505 ▼ 0.90% TXAR 654.00 ▼ 0.83% ALUAR 969.50 ▼ 0.82% TGS 9,860 ▼ 1.89% CEPU 2,375 ▼ 0.88% MIRGOR 1,650 ▼ 89.91% COME 43.30 ▼ 1.66% LOMA NEGRA 3,558 ▼ 1.73% BYMA 294.00 ▼ 0.51% TELECOM ARG 4,383 ▼ 0.57% ECOPETROL 16.61 ▼ 0.98% BANCOLOMBIA 91.06 ▼ 1.58% GRUPO AVAL 5.21 ▼ 1.33% CREDICORP 395.93 ▼ 1.16% SOUTHERN COPPER 186.69 ▲ 2.18% BUENAVENTURA 30.42 ▲ 0.46% MERCADOLIBRE 1,899 ▲ 1.10% NUBANK 14.48 ▲ 1.01% XP 17.01 ▼ 0.32% PAGSEGURO 9.63 ▼ 0.16% STONE 11.33 ▼ 0.44% GLOBANT 37.60 ▲ 2.73% TECNOGLASS 46.34 ▲ 6.68% GAP 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4,109 ▲ 1.48% SILVER 58.32 ▲ 1.27% SOY 1,192 ▲ 1.73% CORN 473.00 ▲ 7.32% WHEAT 651.50 ▲ 1.92% COFFEE 321.15 ▼ 3.30% SUGAR 15.01 ▲ 2.39% ORANGE JUICE 159.20 ▲ 2.74% COTTON 81.39 ▲ 1.11% COCOA 5,903 ▲ 9.38% BEEF 227.03 ▼ 2.04% CATTLE 343.00 ▼ 1.44% LITHIUM 69.38 ▲ 0.23% PETR4 42.86 ▼ 1.29% VALE3 74.29 ▼ 2.61% ITUB4 43.01 ▲ 0.32% BBDC4 18.54 ▲ 0.70% ABEV3 15.83 ▼ 1.00% BBAS3 21.29 ▼ 0.28% B3SA3 15.58 ▼ 0.95% WEGE3 48.53 ▲ 2.82% PRIO3 58.85 ▼ 3.29% SUZB3 43.32 — 0.00% RENT3 38.11 ▲ 1.33% AZZA3 16.16 ▼ 1.58% CSAN3 4.09 ▲ 0.49% RAIZ4 0.25 ▼ 3.85% PCAR3 2.70 ▲ 4.25% GMAT3 4.00 ▼ 0.74% PSSA3 54.13 ▼ 1.04% CVCB3 1.42 ▲ 8.40% POSI3 3.54 ▼ 0.28% SLCE3 13.41 ▲ 0.22% NATU3 8.53 ▲ 1.79% BRKM5 5.91 ▼ 1.01% RANI3 8.42 ▲ 3.82% CSNA3 4.51 ▼ 6.82% CMIN3 5.70 ▼ 0.18% USIM5 7.57 ▲ 2.85% GGBR4 25.43 ▲ 1.80% ENEV3 26.80 ▲ 1.86% CPFE3 45.90 ▼ 0.52% CMIG4 11.29 ▼ 0.44% EQTL3 38.88 ▲ 0.57% LREN3 13.85 ▲ 1.84% VIVT3 32.35 ▼ 0.86% RAIL3 14.15 ▼ 2.01% KLABIN 18.35 ▲ 0.55% RAIA DROGASIL 18.66 ▲ 0.97% RDOR3 34.04 ▼ 1.73% HAPV3 11.92 ▲ 5.67% FLRY3 17.28 ▲ 0.82% SMTO3 14.38 ▼ 0.96% UGPA3 33.11 ▲ 0.18% VBBR3 36.29 ▲ 0.67% BBSE3 41.37 ▲ 0.27% BPAC11 57.28 ▲ 0.85% CURY3 31.55 ▲ 4.85% AERI3 2.14 ▼ 0.47% VIVARA 22.87 ▲ 3.11% COMPASS 24.91 ▲ 0.28% VAMOS 3.29 ▼ 1.50% SANB11 28.96 ▲ 1.19% ASAI3 8.49 ▼ 0.12% SBSP3 27.44 ▼ 0.94% WALMEX 49.72 ▼ 1.05% GMEXICO 212.23 ▲ 2.17% FEMSA 216.73 ▼ 2.13% CEMEX 20.56 ▲ 0.24% GFNORTE 198.25 ▼ 1.16% BIMBO 61.34 ▼ 1.00% TELEVISA 9.61 ▼ 2.04% AMX 21.53 ▼ 2.45% GAP 376.42 ▼ 0.03% ASUR 276.24 ▲ 0.22% OMA 230.46 ▼ 0.38% KOF 185.18 ▼ 1.11% GRUMA 264.29 ▲ 2.35% KIMBER 40.11 ▼ 0.22% SQM-B 61,751 ▼ 1.51% COPEC 6,292 ▼ 0.92% BSANTANDER 79.98 ▼ 1.25% FALABELLA 6,305 ▲ 1.43% ENELAM 87.24 ▼ 0.85% CENCOSUD 1,955 ▲ 0.01% CMPC 1,067 ▲ 1.11% BANCO CHILE 191.08 ▼ 1.36% LATAM AIR 25.25 ▲ 2.06% YPF 8,105 ▼ 2.23% GGAL 7,955 ▲ 0.93% PAMPA 5,505 ▼ 0.90% TXAR 654.00 ▼ 0.83% ALUAR 969.50 ▼ 0.82% TGS 9,860 ▼ 1.89% CEPU 2,375 ▼ 0.88% MIRGOR 1,650 ▼ 89.91% COME 43.30 ▼ 1.66% LOMA NEGRA 3,558 ▼ 1.73% BYMA 294.00 ▼ 0.51% TELECOM ARG 4,383 ▼ 0.57% ECOPETROL 16.61 ▼ 0.98% BANCOLOMBIA 91.06 ▼ 1.58% GRUPO AVAL 5.21 ▼ 1.33% CREDICORP 395.93 ▼ 1.16% SOUTHERN COPPER 186.69 ▲ 2.18% BUENAVENTURA 30.42 ▲ 0.46% MERCADOLIBRE 1,899 ▲ 1.10% NUBANK 14.48 ▲ 1.01% XP 17.01 ▼ 0.32% PAGSEGURO 9.63 ▼ 0.16% STONE 11.33 ▼ 0.44% GLOBANT 37.60 ▲ 2.73% TECNOGLASS 46.34 ▲ 6.68% GAP AIRPORT 217.46 ▲ 0.05% ASUR 276.24 ▲ 0.22% OMA AIRPORT 106.47 ▼ 0.40% AMX ADR 24.82 ▼ 2.09% FEMSA ADR 124.95 ▼ 2.38% CEMEX ADR 11.86 ▲ 0.30% PETROBRAS ADR 19.06 ▼ 1.75% VALE ADR 14.57 ▼ 3.29% ITAU ADR 8.46 — 0.00% SANTANDER BR 5.73 ▲ 0.97% AMBEV ADR 3.06 ▼ 1.61% CSN 0.91 ▼ 7.94% GERDAU 5.02 ▲ 1.11% LATAM ADR 54.48 ▲ 3.26% BTC 63,833 ▲ 0.55% ETH 1,869 ▼ 0.73% SOL 73.96 ▲ 0.70% XRP 1.08 ▼ 0.47% BNB 591.30 ▲ 0.64% ADA 0.19 ▲ 2.18% DOGE 0.07 ▼ 0.54% AVAX 6.57 ▲ 0.45% LINK 8.24 ▼ 1.58% DOT 0.83 ▲ 3.70% LTC 44.26 ▼ 0.84% BCH 213.75 ▲ 0.58% TRX 0.33 ▲ 0.69% XLM 0.17 ▼ 1.17% HBAR 0.07 ▲ 0.72% NEAR 1.74 ▲ 1.48% ATOM 1.37 ▲ 8.55% AAVE 92.96 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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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