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NEWS AND VIEWS THAT IMPACT LIMITED CONSTITUTIONAL GOVERNMENT

"There is danger from all men. The only maxim of a free government ought to be to trust no man living with
power to endanger the public liberty." - - - - John Adams

Wednesday, September 3, 2014

Poor economy impacts Brazil's elections


President Dilma Rousseff

A 34% - 34% tie for President
  • The economic slide of Brazil, the #7 economy on earth, has put the President in a tie in the October elections.  Brazil joins Europe in a slowing economy.


Brazil's economy, once an emerging-market darling, fell into recession, according to government data released Friday, as millions of new middle class citizens tightened their belts and further dampened a credit-driven spending spree.

The results are a blow to President Dilma Rousseff, who faces an increasingly tough reelection in October. A new poll released late Friday showed her biggest rival pulling into a dead heat with her in a first-round vote - and is 10 percentage points ahead of the Rousseff in an expected runoff ballot.
 
The government's statistics bureau reported that gross domestic product dropped 0.6 percent in the second quarter, in large part because of soft consumer spending. First-quarter results also were revised downward from 0.2 percent growth to a 0.2 percent drop, showing a two-quarter slide that most economists use to define a recession reports the Associated Press.

"Of course I'm spending a lot less!" said Maria Sousa, a 25-year-old doing some window shopping but no buying at a mall in Rio de Janeiro. "I'm feeling less confident about my financial situation and I'm thinking more about trying to save than spend."


The economic indicators are the last thing Rousseff's struggling re-election campaign needed.
 
The slump gives more ammunition to Rousseff's rivals ahead of the Oct. 5 presidential election vote, particularly for environmentalist Marina Silva, who is now leading polls and tapping into the widespread frustrations of many Brazilians with a sputtering economy and poor public services, angst that fueled last year's massive anti-government protests.
 
The race is certain to go into a second-round runoff on Oct. 26, as no candidate has the support win an outright majority of ballots to avoid that.
 
"For Rousseff, who has watched her lead in opinion polls evaporate in recent weeks, this is the worst possible news; it's the last thing she wanted," said Shearing. "There is not much that can be done for the economy ahead of the election. It's like turning around the proverbial tanker; it's going to take a long time."
 
Respected polling group Datafolha said Friday night that Rousseff and Silva are now even, each capturing 34 percent of voter intentions in the first round.

But when asked about a second-round runoff, Silva opened a wide lead over Rousseff, taking 50 percent to the incumbent's 40 percent.
 
The poll, aired Friday on Globo TV, was based on 2,874 interviews carried out across Brazil on Thursday and Friday. The margin of error was 2 percentage points.
 
Earlier Friday, Rousseff's team argued that Brazil's souring economic scenario wasn't their fault - and questioned whether the country is in recession.
 
They blamed the slowdown on continuing global economic weakness that has dampened appetite for Brazil's exports and a severe drought that has sent energy prices soaring for industry and consumers alike, as most of the country is powered by hydroelectricity.

Read the full article . . . .


The Brazilian Senate Chamber
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Election Envy
The United States is going through yet another cycle of pretend elections where the same two corrupt bought and paid for Washington D.C. funded parties "magically" win 100% of all seats in Congress.  Meanwhile every other democratic nation on earth holds multi-party free elections.
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The Congress of Brazil is a favorite example of mine showing free elections.  Nearly 97,000,000 people voted in their last election.  That resulted in 15 different political parties represented in their Senate and 21 parties in their Chamber of Deputies.  Simply, nearly every faction of Brazilian society has representation in their Congress.
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It is long past time that American elections be opened up so the people's representatives actually represent the people and not the Billionaire Cartels of businesses and unions that buy elections.  A popular method around the world is proportional representation.  If a party gets 20% of the vote it gets 20% of the seats in the legislature.
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If this system had existed in 2010 we might have seen an actual Tea Party winning 20% of the seats in the House and setting up its own Tea Party National Committee and Congressional Caucus.  Instead it is the same old corrupt two party monopoly business as usual.
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Freedom.  Maybe some day we will try it in American elections.
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See more National Congress of Brazil.

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