BY KENNETH RAPOZA
Say what you want about the Workers’ Party, or the PT of Brazil, but the blue collar, quasi-illiterate, nine fingered leader of the Brazilian Workers’ Party, Luiz Inacio Lula da Silva, was a whole lot better than his successor, Dilma Rousseff.
The market is now pretty unanimous on who to blame for Brazil’s investment woes these days, both from portfolio and corporate investors, and that lies firmly on the shoulders of the Dilma administration.
Let’s back up for a second. In 2002, the Intercontinental Hotel in downtown Sao Paulo, a hop, skip and a jump away from Avenida Paulista, hundreds of media and union workers lined up waiting for Lula to make his first speech as president elect. Cameras from Globo and SBT television lined the wall. I stood maybe thirty feet from the stage, waiting. I remember some guy who was in a machinist union talking my ear off ... Read More