MercoPress. South Atlantic News Agency
Brazil's unemployment reaches 11.6% with an estimated 11.8 million jobless
Brazil's unemployment rate rose to 11.6% in the three months through July the statistics agency IBGE said on Tuesday. Brazil's jobless rate has risen sharply from 6.5% at the end of 2014 as the country entered its worst recession in decades. Read full article
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Disclaimer & comment rulesAll due to the efforts of The Liar Mantega and Dumbass Dilma herself talking up the 'lack of risk to investors' and the antics of the banking regulator hiking interest rates in a depression hoping to tame inflation.
Aug 31st, 2016 - 06:02 pm - Link - Report abuse 0Yes, that will work, NOT.
To Dilma and the PT, Brazil's predicament is due to anything but her incompetence. It is China's fault, it is the fault of the Fed (US), it is the fault of the Japan tsunami in 2011 (?), it's the fault of the Martians......the funny thing is that Lula, shortly after the 2008 crisis, said that Brazil was immune to it, and that the effect would be no more than that of a small wave on the beach......Dilma sustained this version as well until 2014, when she had to create a favourable but false image of the economy , to get re-elected. The rest, we know.
Aug 31st, 2016 - 11:29 pm - Link - Report abuse 0“Libertas quae sera tamen” !!!
Peru's unemployment the highest it has been in years. Chile's unemployment the highest it has been in years. Argentina's unemployment the highest it has been in years. Brazil's unemployment the highest it has been in years.
Sep 01st, 2016 - 04:24 am - Link - Report abuse 0But you know what? It's all Macri's fault !!
@ 3 Marti Llazo
Sep 01st, 2016 - 11:16 am - Link - Report abuse 0“But you know what? It's all Macri's fault !!”
Now, now, you are not trying to emulate Riki are you?
:o)
@4 You are perhaps familiar with the silly practice in the US (and elsewhere) of saying “it's all Bush's fault” for ridiculously unrelated events? Perhaps the *sarcasm* marker is needed here.
Sep 01st, 2016 - 01:13 pm - Link - Report abuse 0Marti Llazo,
Sep 01st, 2016 - 10:11 pm - Link - Report abuse 0you took the words right out of my mouth which is very unhygienic.
I was waiting for Enrique to explain that not only is it Macri's fault, but the lower unemployment figure for Argentina is a Macri-plot.
It is obvious that the unemployment has nothing to do with populism, incompetence and corruption......I saw that in the PT's manual on “how to f*ck a country”...
Sep 01st, 2016 - 10:46 pm - Link - Report abuse 0Interesting succession of posts. So unemployment in Argentina is not Macri's fault but unemployment in Brazil is Rousseff's fault? Who are we to blame in Chile and Peru?
Sep 02nd, 2016 - 09:13 pm - Link - Report abuse 0@8 DT
Sep 03rd, 2016 - 07:40 pm - Link - Report abuse 0To be fair, the record unemployment in Brazil is not ONLY due to Dilma's disastrous management of the economy. True that China's deacceleration, plus the drop in oil revenue took their toll, but a blind determination to carry on with the PT's populist agenda and to keep on spending while refusing to cut costs (not investments) while tax revenue fell, was the real cause. Dilma carried on ignoring the warnings coming from the private sector, and blamed everything and everyone, but her own incompetence, to defend herself.
This disaster could have been avoided had she shown some intelligence.
@9 Jack Bauer
Sep 04th, 2016 - 10:48 pm - Link - Report abuse 0It's true that all the countries in the region seen to be suffering, so Argentina's problems can't be wholly blamed on either Macri or CFK either.
From everything I have heard about Rousseff, it doesn't sound like she was a very good President. Can Temer do any better though? It sounds like he plans to adopt the same austerity policies used in Europe, much of which still hasn't really recovered from the recession.
@10 DT
Sep 06th, 2016 - 05:39 pm - Link - Report abuse 0“From everything I have heard about Rousseff, it doesn't sound like she was a very good President.”
Well, if you analyze her actions during her 6 years as President, and compare the benefits versus the disastrous results of her administration, the outcome was perfectly predictable when one considers the PT's populist agenda and their commitment towards the “Bolivarian” solution.
Temer has a virtually impossible task ahead of him ; Just for clarification purposes, I'm not saying he is innocent of charges which might eventually be brought against him, but he appears to be commited to putting Brazil back on track...a difficult proposition considering the ruinous effects of the last 10 years of PT administration, plus the fact that the PT and its allies will simply vote against anything Temer tries to push through Congress, just for the sake of not wanting him to succeed...in other words, in the mindset of the PT, to regain popularity they need to work against Temer (and Brazil), by resorting to the policy of 'the worse things are, the better'....that was exactly how they acted before getting into power, and their most recent public declarations make it clear they will resort to the same tactics..... Which is understandable, given that their true mission is to try to transform South America into a 'Bolivarian' State, with the help of Maduro, Correa , Morales, and CFK . Their dream is crumbling, but they appear to be reluctant to admit defeat.
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