| The current government is just so bad? Come on, just look at SELIC during the second FHC government... the interest rates went sky high, the Real had a monstrous devaluation overnight (from R$ 1.32 to U$1 to R$2.16 to U$ 1). FHC sure helped to stabilize inflation rate, but he almost destroyed brazilian economy. His second government was nothing short of a disaster. SELIC history: https://www.bcb.gov.br/?COPOMJUROS |
Also sold all state owned companies, which mostly dealt with infrastructure, creating huge foreign owned monopolies. For a while, mobile and internet was worse than it is in the USA now, but the last two governments made improvements there (for example, now for US$0.30 a day --US$9/mo!-- you have a prepaid phone with unlimited calls, text and data ...well data was pulled out of that law last months. it is now 200mb instead of unlimited)
But it was also one that most spent in advertisement. So the public loved it. And even attributes the Real to that president.
The last goverment managed to pay out all the international funds FHC borrowed from.