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Comment by matheusmoreira

2 hours ago

It's an terrible situation. Neither of the candidates were what I wanted. In the end I chose to vote against the supreme court.

Both of them would have damaged the country in different ways.

I believe the economy would improve under Bolsonaro, but he did want to sell off national industries and resources to foreign countries which is fatal in the long term. Historically speaking, aligning oneself with the US is also just bad in general. They don't have friends, they have interests. China is a much better partner.

Lula will continue to spend lavishly on benefits for everybody, and eventually the costs are going to spiral out of control. His last term set records in government spenditure and tax revenue. This country exports commodities, and there is no real industrialization effort in place, there isn't much room for hope here. I believe the number one factor that held this country together during his last term was the independent central bank which, as always, set monstrous interest rates, over 12%, despite his efforts to lower it. Inflation was still strong even after that. The people are accruing more and more debt, defaulting on debts. Just bad signs all over the place. The worst possible sign is the fact that Lula's is absolutely loved by the banks. They raked in record profits in the last few years.