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Brazil's President Dilma Rousseff Approval Rating Crashes To 8% - Worst Since Military Dictatorship

Tyler Durden's picture




 

With the economy imploding, currency collapsing, and credit risk soaring, it is perhaps no surprise that just under a year since she was re-elected, Brazil's President Dilma Rousseff is now Brazil's most unpopular democratically elected president since a military dictatorship ended in 1985, with an approval rating of just 8%. In a recent poll, 71% said they disapprove of the way Rousseff is doing her job... and two-thirds would like to see her impeached.

Via The Digital Journal,

Dilma Rousseff is now Brazil's most unpopular democratically elected president since a military dictatorship ended in 1985, says a poll out Thursday that put her approval rating at eight percent.

 

Seventy-one percent of those questioned in the Datafolha survey said they disapprove of the way Rousseff is doing her job, up six points since June. Her approval rating is down from 10 percent.

 

And two-thirds would like to see her impeached.

 

Rousseff, the successor of wildly popular former president Luiz Inacio Lula da Silva, faces widespread anger over corruption, a stagnant economy and growing unemployment.

 

Her numbers are worse than those of Fernando Collor de Mello, who resigned in 1992 over corruption allegations. Right before he stepped down he had an approval rating of nine percent and disapproval of 68 percent.

 

"Dilma has thus become the president with the worst approval rating among all those elected directly since the return of democracy," said the web site of the newspaper Folha de Sao Paulo, which belongs to the same group as Datafolha.

 

Datafolha began conducting national polls during the rule of Collor. In 1990 he became the first democratically elected president since the end of the military regime.

 

His predecessor, Jose Sarney, took power in 1985 as vice president under Tancredo Neves. Neves had been elected president by congress after 21 years of military rule, but died before he could assume office.

 

Rousseff began her second term in January after winning re-election by a thin margin, and things are already looking grim.

As we previously noted, the WSJ adds, Rousseff is facing a combination of negative factors, of which the depressionary economy is just one: "The county’s economy is expected to contract by around 1.8% this year, according to a central bank survey of private sector bank economists. Annual inflation stands at 9.25%, well above the central bank’s tolerance band of 2.5% to 6.5%. And the poor economic conditions are raising fears among Brazilians that they could lose their jobs."

Then there is corruption:

Meanwhile, a continuing investigation surrounding state-run oil company Petróleo Brasileiro SA, or Petrobras, is also weighing on Ms. Rousseff’s approval rating, though she hasn’t been accused of any wrongdoing and has denied involvement in the scandal. Petrobras has said it is cooperating with the investigation.

 

Earlier this week, federal police arrested José Dirceu, a former minister of ex-President Luiz Inácio Lula da Silva, on allegations that he received bribes from former Petrobras executives. A lawyer representing Mr. Dirceu said he denies any wrongdoing.

 

Mr. da Silva, who handpicked Ms. Rousseff as his party’s candidate to succeed him, hasn’t been implicated in the Petrobras scandal.

Worse, like in Greece, Brazil's ruling coalition is now fracturing, when yesterday two parties broke from President Dilma Rousseff’s ruling coalition, further eroding support for her measures to shore up the country’s fiscal accounts.

This happened after the lower house approved in a first round vote a constitutional amendment by 445 against 16 votes granting salary increases to police chiefs, prosecutors and government attorneys. The bill still needs to pass a second round vote before going to the Senate.

 

Earlier, leaders of the Brazilian Labor Party and the Democratic Labor Party, or PTB and PDT, said they would act independently and no longer participate in meetings of the ruling coalition. The parties together have 44 out of 513 seats in the Chamber.

But Brazil's biggest concern, the one from which all of its other problems stem, is China. Unless the country that was the driver of Brazil's commodity export golden age returns to its place as Brazil's most important trading partner, no matter what fiscal or monetary policies Brazil implements, the domestic politics, already ugly, are set to get worse.

And as everyone knows by now, China has its own spate of problems to deal with, with Brazil's commodity export troubles far on the back burner.

Which is why expect more credit market participants to notice the depressionary developments in brazil, and as the country's CDS continue to blow out, many will start asking themselves: is Brazil the next Argentina?

 

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Mon, 08/10/2015 - 15:33 | 6411093 Publicus
Publicus's picture

Female leadership, what else were you expecting?

Mon, 08/10/2015 - 15:35 | 6411099 Rainman
Rainman's picture

she musta gone to skool for community organizing.

Mon, 08/10/2015 - 17:30 | 6411544 FreeMoney
FreeMoney's picture

Rousseff is a socialist/marxist who panders to the poor with free shit for votes.

https://en.wikipedia.org/wiki/Dilma_Rousseff

 

 

Mon, 08/10/2015 - 15:35 | 6411100 Dutti
Dutti's picture

Brazil has been, is and will always be the coutry of the future.

Mon, 08/10/2015 - 15:36 | 6411104 Winston Churchill
Winston Churchill's picture

B-RICS.

Mon, 08/10/2015 - 15:41 | 6411126 Handful of Dust
Handful of Dust's picture

Australia's next.

 

A First Recession for Australian Millennials

 

http://www.bloombergview.com/articles/2015-06-30/a-first-recession-for-a...

Mon, 08/10/2015 - 16:22 | 6411259 Uchtdorf
Uchtdorf's picture

The Olympics in Brazil shoould be great.

buta jiru

Mon, 08/10/2015 - 16:38 | 6411313 Freddie
Freddie's picture

During the World Cup - Dilma was heckled by Brazilian fans.  She wasted $11.5 billion on the world cup.    It did not help matters that the Germans steamrolled a hapless Brazilian team.  It was not pretty as the Germans just swamped the box and played almost like thugs. The Brazilian team totally sucked.

The chant was

'Hey! Dilma! F--- yourself in the ass!'"

 

 

Mon, 08/10/2015 - 15:42 | 6411131 Theosebes Goodfellow
Theosebes Goodfellow's picture

HAHAHA!!!! She's still more popular than Robert Mugabe!!!

Wait...

I guess that ain't sayin' much.

Mon, 08/10/2015 - 16:01 | 6411188 SWRichmond
SWRichmond's picture

I am sure her "popularity" matters to her so much that she will take the tens of $Millions she has no doubt made and will make from her political "carrer" and slink off into high society and live the good life for the rest of her life.

Poor baby.  That'll show her!

Mon, 08/10/2015 - 15:41 | 6411125 Dutti
Dutti's picture

if you don't believe it, google "country of the future"

Mon, 08/10/2015 - 15:44 | 6411133 Winston Churchill
Winston Churchill's picture

It was the Argentine first.Incredible wealth just frittered away by govt.

Mon, 08/10/2015 - 16:14 | 6411230 0b1knob
0b1knob's picture

  "Brazil is a country of the future, and always will be."

Attributed to Mark Twain. 

Mon, 08/10/2015 - 15:37 | 6411107 slaughterer
slaughterer's picture

I would not put my dick in Dilma, if that is what you are asking.  

Mon, 08/10/2015 - 15:42 | 6411128 ShrNfr
ShrNfr's picture

Glad to hear you do not have a Dilma Dilemma.

Mon, 08/10/2015 - 16:02 | 6411192 The_Virginian
The_Virginian's picture

If the opposition is smart, they won't try to impeach her. China (and therefore Brazil) has much lower to go. EM economies and then the world economy are on the verge of following commodities into the abyss. Want to take power at the bottom, not half way down. 

Mon, 08/10/2015 - 15:33 | 6411096 kaiserhoff
kaiserhoff's picture

But, but, but...,

  the world needs more womyn leaders.

Mon, 08/10/2015 - 16:31 | 6411280 Fun Facts
Fun Facts's picture

Khazar running Brazil.

Go figure.

Mon, 08/10/2015 - 21:09 | 6412284 Infinite QE
Infinite QE's picture

Not a khazar though. If she was she wouldn't have the mossad jackals after her.

Mon, 08/10/2015 - 15:34 | 6411097 JustObserving
JustObserving's picture

If oil prices stay low for another couple of years, Brazil will be the new Argentina.  Maybe South America can be renamed Greater Argentina then.

Mon, 08/10/2015 - 15:41 | 6411123 KnuckleDragger-X
KnuckleDragger-X's picture

And Argentina will be the new Venezuela, and Venezuela can be the new Zimbabwe. The competition for the race to the bottom is intense.....

Mon, 08/10/2015 - 16:54 | 6411377 SmittyinLA
SmittyinLA's picture

Oil prices will stay low for the next few years, here are some of the reasons for the global economic contraction:

  • US war against Russia and Russian oil.
  • Saudi Iran war against Syria
  • US green energy policy
  • EU Ukraine war against Russia
  • Sanctions
  • Prolific financial fraud.
  • Fukushima shut down of all reactors in Japan 
  • Carbon taxes

All of those intentional activites restrain the global economy and long term suppress oil prices, worse more of the above are coming.

Ironically Japan restarting reactors is bullish for the global economy and will pump oil eventually, but not much, they will still have sanctions with Russia.

Mon, 08/10/2015 - 15:36 | 6411098 Dame Ednas Possum
Dame Ednas Possum's picture

Just another shitty politician.

I bet Hitlery can excel her and get a negative rating in her first term.

Mon, 08/10/2015 - 15:38 | 6411111 Skateboarder
Skateboarder's picture

"shitty" be redundant in this case.

Mon, 08/10/2015 - 15:46 | 6411141 Dr. Engali
Dr. Engali's picture

Yeah but if we select Hitlary we won't get to say "first woman president in U.S. history".

Mon, 08/10/2015 - 16:20 | 6411178 Master Toms Dog
Master Toms Dog's picture

You talk tough but use your Master's picture?  Typical wuss possum.  Come out of the closet already, you pink-loving name & pellet dropper.

Mon, 08/10/2015 - 21:32 | 6412345 Bazza McKenzie
Bazza McKenzie's picture

Go for her Toms dog, and don't stop to eat any of those pellets, appetizing as they may be.

Mon, 08/10/2015 - 15:36 | 6411105 Dr. Engali
Dr. Engali's picture

I didn't think it was possible to sink lower than Bush in the ratings polls. It's all good, in five years her picture will be all over Farcebook with a caption reading "miss me yet?"

Mon, 08/10/2015 - 15:46 | 6411122 ZD1
ZD1's picture

"I didn't think it was possible to sink lower than Bush in the ratings polls. in five years her picture will be all over Farcebook with a caption reading "miss me yet?"

That would happen only if Obama succeeds her as dictator.

Mon, 08/10/2015 - 16:37 | 6411311 SillySalesmanQu...
SillySalesmanQuestion's picture

Don't worry and fret Dilma, your approval rating is still as high as our CONgress and they still have jobs....

Mon, 08/10/2015 - 15:39 | 6411116 JC-BI
JC-BI's picture

What is it anout government bureaucrats always turning agains their own people?

Mon, 08/10/2015 - 15:46 | 6411142 Winston Churchill
Winston Churchill's picture

Guilt but no remorse.Lazy assholes know they deserve stringing up, so its self

preservation.

Mon, 08/10/2015 - 15:45 | 6411134 ted41776
ted41776's picture

ran out of other people's money to spend?

Mon, 08/10/2015 - 19:56 | 6412079 dreadnaught
dreadnaught's picture

even with Socialism, that 'OPM' always eventually trickles back up to the top 1%

Mon, 08/10/2015 - 15:52 | 6411153 steveharless
steveharless's picture

 wonder what Obama's real approval rating really is?

Mon, 08/10/2015 - 15:54 | 6411159 Skateboarder
Skateboarder's picture

Counting the apathetic and politically correct, probably over 50%.

Mon, 08/10/2015 - 15:56 | 6411170 Parafuso
Parafuso's picture

Dilma is perhaps the moat incompetent leader on the planet   On hee watch Petrobras was pillaged for many billions,  its market cap imploded by about 90%. She claims to know nothing about it.  She's esither as dumb as a rope, a lair or both. Probablybthe latter. Yet she was elected.  Democracy=mob rule. Dilma is the case in point. 

 

 

Mon, 08/10/2015 - 15:56 | 6411173 Parafuso
Parafuso's picture

Dilma is perhaps the moat incompetent leader on the planet   On hee watch Petrobras was pillaged for many billions,  its market cap imploded by about 90%. She claims to know nothing about it.  She's esither as dumb as a rope, a lair or both. Probablybthe latter. Yet she was elected.  Democracy=mob rule. Dilma is the case in point. 

 

 

Mon, 08/10/2015 - 16:32 | 6411285 Make_Mine_A_Double
Make_Mine_A_Double's picture

To think this stupid cunt - whom was the honorary chaircunt of Petrobas (i.e. Lula's in house bag lady) during the gold rush years of stealing anything that wasn't nailed down and funnelling back into the party coffers did not leave her camel prints on some email or phone tap is to defy belief.

One day soon the email mail, cancelled check or something will see the light of day. She's too stupid and I have more respect for Lula marching this idiot up to the gallows while he skipped town (and that guy was in Petro kickbacks up to his eyeballs).

Meanwhile, what'S the plastic surgery disaster doing down in BA???

 

Mon, 08/10/2015 - 15:57 | 6411177 darteaus
darteaus's picture

Socialism - Fails everywhere it's tried.

Mon, 08/10/2015 - 16:17 | 6411241 Seeing Red
Seeing Red's picture

Part of my justification for being anti-social.

Mon, 08/10/2015 - 17:26 | 6411534 smacker
smacker's picture

True. And the more of it they have, the bigger the failure.

Mon, 08/10/2015 - 16:00 | 6411186 PrimalScream
PrimalScream's picture

Roussef is NOT responsible for theommodities IMPLOSION that is coming from China.  It's jst her bad luck ... she was at the helm when the ship it the icebeg.

Mon, 08/10/2015 - 16:34 | 6411295 ZD1
ZD1's picture

Roussef and her cronies were responsible for the corruption and theft from the state owned oil company Petrobras.

 

http://www.telegraph.co.uk/news/worldnews/southamerica/brazil/11540233/D...

Mon, 08/10/2015 - 17:25 | 6411523 smacker
smacker's picture

Telegraph: "A nationwide protest on Sunday saw hundreds of thousands take to the streets, with many calling for her impeachment."

I was in Curitiba/PA that day and saw it...many thousands out on the streets demanding her resignation and impeachment. Many demanding the military take over.

But so far, she has avoided being fingered for any part in the huge Petrobrás corruption scandal.

Mon, 08/10/2015 - 17:46 | 6411609 Jorgen
Jorgen's picture

"Roussef and her cronies were responsible for the corruption and theft from the state owned oil company Petrobras.

http://www.telegraph.co.uk/news/worldnews/southamerica/brazil/115 "

(Being the devil's advocate here) Just because you've read it in MSM (Telegraph in this case) does not make it necessarily true or at least accurate. There have been, are and will be efforts by 'youknowwho' to undermine BRICS or any other country or organization not falling in line with the 'full spectrum global dominance' strategy.

Mon, 08/10/2015 - 16:32 | 6411288 john milton
john milton's picture

71% is paid by cia and ngo's will hand over the toiletpaper while signing in...   your sanctions are more effective than nukes...you are in a good way of getting production back in home soil

 

Mon, 08/10/2015 - 16:35 | 6411296 ILikeBoats
ILikeBoats's picture

Dilma Rousseff = a certain ethnicity or tribe; found often in the banking sector...  surprise surprise!

Mon, 08/10/2015 - 17:32 | 6411533 Jorgen
Jorgen's picture

"Dilma Rousseff = a certain ethnicity or tribe; found often in the banking sector...  surprise surprise!"

She is not Jewish if this is what you suggest. Her father was a Bulgarian (orig. last name 'Rusev') communist.

Mon, 08/10/2015 - 16:35 | 6411298 SmittyinLA
SmittyinLA's picture

Funny as hell, this is all leftist warmonger blowback from Obama, how so Smitty?

Ukraine /Syria war in collusion with Saudis & Iran against capitalist Russia.

Crater oil ---> bankrupt Brazil.

BTW Puerto Rico and Greece were bankrupted first from the Iraq war oil spike, which was entirely financial fraud. $100 barrel was never supported, it was a fraud price, like the price of housing in LA CA.

Bush & Obama , Saudis & Jews play good cop bad cop very well, where did their policies differ?

Saudis issuing bonds (selling assets to Jews) yes, they pay interest, to finance the Jewish Ukraine Russia war.

Fukushima is also an artificial economic restraint, along with our coal policy and green energy policies, and sanctions on Russia.

Mon, 08/10/2015 - 16:40 | 6411323 john milton
john milton's picture

iraqi ladies have started their own campaing against Jeff... it shows pure vagina with a text... NO MORE BUSH..

Mon, 08/10/2015 - 17:09 | 6411446 smacker
smacker's picture

Dilma has herself to blame. Brazil's had a virtual 10 year period of economic boom thanks to exports of raw stuff to China etc. Instead of using the revenues to invest in infrastructure and long term manufacturing growth projects, like all socialists she wasted it on creating a socially dependent society and corrupting Petrobrás.

As said many times:

              "O Brasil, o país do futuro e sempre será"

For Dilma:

              "aproveite a loucura enquanto ela dura"

Mon, 08/10/2015 - 17:15 | 6411475 Jorgen
Jorgen's picture

"aproveite a loucura enquanto ela dura"

This very much applies to the U.S. and E.U. as well.

Mon, 08/10/2015 - 17:53 | 6411636 NoWayJose
NoWayJose's picture

You see this with Indian casinos in the U.S. The profits go out in checks to buy votes in the next tribal election, rather than for community centers, education, athletic programs, establishing new industries or businesses, etc.

Tue, 08/11/2015 - 00:27 | 6412763 Livermore Legend
Livermore Legend's picture

Spot On in All Regards and Eloquently Put........

And as to your Profile Comments, I couldn't agree more....

This is likewise "MEXICO'S CHOICE."

Mon, 08/10/2015 - 18:10 | 6411691 Oldrepublic
Oldrepublic's picture

Dilma should follow the example of President Getulio Vargas

Mon, 08/10/2015 - 19:02 | 6411880 Monetas
Monetas's picture

Move over Maduro .... you are Jimmy Carter .... and Rouseff is your Obama !

Mon, 08/10/2015 - 19:36 | 6412012 bentaxle
bentaxle's picture

Politicians, they'd rather be strung up on a lamp post, than walk. Sociopathic leaders, and sheeple for people. They deserve each other.

Mon, 08/10/2015 - 19:39 | 6412018 Promethus
Promethus's picture

I'm waiting to see the implosion when the bill to host the Olympics comes due. Another Crapa del Mundo boondoggle.

Mon, 08/10/2015 - 19:40 | 6412026 57-71
57-71's picture

Everything is good in Brasil - the olympics are coming!

Good luck sorting out that corruption.

Mon, 08/10/2015 - 19:52 | 6412069 dreadnaught
dreadnaught's picture

Wow! even 3% lower than CONgress!

Tue, 08/11/2015 - 00:39 | 6412789 onmail
onmail's picture

Looks like American funded NGO crows are getting upper hand
and NSA has infiltrated more into her private parts

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