Dilma Rousseff’s Revisionist History of the Derivatives Panic of 2008

Dilma Rousseff is badly informed about what happened in this country in 2008:

One of the causes of my impeachment was that our government was in favour, we didn’t prevent corruption investigations. But we have always been clear that in combating corruption, you must not destroy companies or jobs. The USA recently, along with the rest of the world, had the biggest corruption case with the banks and their derivatives, which led to astronomical losses in the crisis of 2008. They didn’t destroy the banks, they fined them and arrested the bosses, but they didn’t destroy the companies. The chain of oil and gas is very important for the Brazil’s GDP. It creates jobs. So if you shoot down these companies you are attacking the Brazilian GDP.

What bosses of banks were arrested?!! Under neoliberal capitalism massive institutions that engage in outrageous wrongdoing only get fined (which is nothing essentially a write-off for them) no one receives any jail time — and no ever really gets burned! Probably why she is facing the treatment that she’s getting in Brazil, too many in their crooked elite class were actually starting to get what they had coming to them! And so, I would have thought that Ms. Rousseff should be too smart to be under any erroneous assumptions that the United States of America and its leadership actually lives by — and moreover lives up to — the principles/opinions that we put out to the world and indeed rather quite sanctimoniously espouse.

Glenn Greenwald Leaving the Guardian

Unfortunately, for the intrepid Mr. Greenwald he’ll be in a brig, probably Gitmo, or the the Embassy of an ALBA (Bolivarian Alliance for the Americas) country, before we know it! Maybe he’ll outright get to an ALBA country since he lives in Brazil, which borders Venezuela and Bolivia. Dilma’s been getting ticked about all of this spying stuff, I’d have said he’d have a better chance of his own country (where he resides) sheltering him with Lula. But Dilma’s a bit of a wild card now, I think. I wouldn’t underestimate Dilma!

Ms. Rousseff Goes to the White House

“One of Lula’s foreign policy advisors told a friend of mine that when Brazil looks at Iran, it doesn’t see just Iran, it also sees Brazil.” – Larry Rohter, New York Times Reporter

Barack Obama recently visited with current Brazilian President Dilma Rousseff. President Obama didn’t receive her, however, with the kind of pomp and circumstance, that has been given to nations like Indian and China. President Rousseff only met with Obama in a brief meeting, she did not receive a state dinner, and Obama spent most of the day rolling Easter eggs on the South Lawn. While CEOs, university presidents, and even the Chamber of Commerce — were literally chomping at the bit to meet with her — Obama seemed to be very low-key and nonplussed, about his meeting with this extraordinarily capable and singular woman. What could be the reasons/reasoning for such a cold shoulder, from our 44th and current president and commander-in-chief?

Could it be that Brazil has advocated for the cause of Palestinian statehood, that it has traditionally had amicable relations with Iran, that it is a member of CELAC (Community of Latin American and Caribbean States) and UNASUR (Union of South American Nations), or that it has pressured the US to include Cuba in the meetings of the OAS (Organization of American States)? Indeed, Brazil is currently involved in an $800 million modernization project of the western harbor of Havana.

Additionally, Brazil has inquired to the US government about a permanent position on the United Nations Security Council, and the US — has not responded in the affirmative, that it is interested in supporting that. Brazil also gave refuge to Honduran President Manuel Zelaya in its embassy, after the takeover (of the US-supported) coup regime. Furthermore, President Rousseff has been a cutting and incisive critic of the Federal Reserve’s quantitative easing policy, and moreover China has still fairly recently emerged as Brazil’s chief, cardinal — number one and foremost — trading partner/associate. A writer in the Financial Times, has even likened Brazil to the France of Latin America. Not obstructing US hegemony, and an attempted unimpeded global power monopoly; out of any sound principle, or deeply held belief or vision, but according to this bourgeois analyst, “[Brazil is] undermining our initiatives in Iran or over trade talks…[as a] way of forcing us to pay attention to them.”

Perhaps Obama thinks that Brazil, should be like a child bouncing on his leg (like the aforementioned FT “pundit”)? And is Brazil’s insufficient fealty to the Monroe Doctrine, and diktats coming from its “superior” northern nation, actually what ails this bilateral rapport/interrelationship? Perhaps, it’s simple envy as Rousseff enjoys a 77% approval rating, she has been seen as an effective battler of corruption, and Brazil’s economy — under her watch — is now considered to be the sixth largest in the world.

In comparison, Obama is trying to sell a non-existent recovery, and that the Republicans are absolutely, totally, and utterly batshit crazy, in order to win himself a reelection/second term. Rather than languid then, however, perhaps Obama should have been absolutely ecstatic, at the prospect of meeting — with the categorically more than serviceable Brazilian President. Unequivocally, Obama is far from Rousseff’s popularity, dynamism and overall effectiveness, but seemingly, it was far more important to him — to be rolling multi-colored Easter eggs on the White House South Lawn — than to be meeting with such an acute, capable, effectual and resultant; world leader, stateswoman, dignitary, and noteworthy head of government.