Luis, my considerations to your text:
A Matter of Economy, Politics and History(Part 1)
For those who still don't know, I am here to inform that Brasil's recent situation is dreadful, we've been facing extremely "hidden" high inflation rates while our currency is still cleary overvalued. Brazilian financial market has been ignoring all macroeconomic data and is only voting instead of investing. It has become unpredictable and scary as hell for those interested in investing to do so here.
"How did we get to this situation?", you may ask. It's a pretty complex question, therefore I will have to go all the way back to FHC era, when inflation rate was way higher than it is nowadays and when hiperinflation made the whole population tremble in fear.
FHC was an economically wise president, with an impressive economical team in BACEN, presided by Arminio Fraga, one of the few, if not the only, Brazilian economist that was suggested to preside the FED. Trying to summarize it a bit, though not perfectly, FHC and his team managed to fight the horrible inflation rates, through *the "Plano Real" and numerous economical measures.Though exagerated, it can be said that Brazil came back from the "brink of disaster".
After him, Lula came, whose government was also composed by a good economical team, with an economist such as Gustavo Franco, who presided "BACEN" (in English BCB but I will use BACEN because it's easier for people to relate with it). It wasn't a bad government, but international situation contributed immensely to the good results Brazil had under Lula, however, corruption skyrocketed, corruption schemes such as Mensalão and many others were discovered. Brazil's public budget also suffered in his government, summarizing, **it wasn't hard to do a good job as the president during those years, therefore, you can say he could have done better.
After Lula, Dilma became president, and that is when doom fell upon us. Her economical team wasn't as good as the previous one, but what made her government terrible was the fact that she didn't allow her team to actually do what they wanted, giving them no freedom, and kept trying to do the same policies as Lula. Unfortunately, the international economical situation wasn't as good as when Lula presided, and the results to those policies are high inflation, huge degradation of national budget, "overappreciation" of Brazilian currency, total lack o belief in policy makers, and an increase in corruption.
*The Plano Real was based on the same economical system implemented by Margaret Thatcher in the UK during the early 80s.
**You should consider that it's always hard to do a good job as a president at anytime because of the responsabilities.