President Obama and his family are completing their visit to Brazil, Chile and El Salvador. Mary O’Grady explains Why Obama Went to Brazil
There’s a chance to build a new foreign policy alliance that disdains dictators like Hugo Chávez.
As to the good reason for such a trip, consider the shared geopolitical interests between the U.S. and the biggest democracy in Latin America. Although former President Lula da Silva, also from the Workers’ Party, did almost nothing to deregulate a mostly unfree economy over his eight years in office, he did manage to respect the central bank reforms carried out by his predecessor, President Fernando Henrique Cardoso. As a result, after decades of inflationary chaos caused by central bank financing of government deficits, Brazil has now had vastly improved price stability for more than a decade. Ending the cycle of repeated devaluations is enabling the formation of a substantial middle class, and it is shaping a nation that increasingly wants to be part of the modern, global economy.
If Brazil is seeking rapprochement with the U.S., it is a welcome development for the entire hemisphere. As an ally on the fundamentals, like opposition to torture in Cuban jails, Brazil could be part of a long-awaited regional push to denounce human rights abuses. It might also come in handy next year when Venezuela holds presidential elections. Mr. Chávez has said that even if he loses, he won’t step down, and the commander of the army has agreed.
That could make for a situation not unlike what is unfolding in Libya today. If the U.S. and Brazil are singing from the same hymn book, it will help. It’s only too bad the commander in chief who was starting a war didn’t have the good sense to return home after the meeting in Brasilia.
Obama’s trip is in the headlines throughout the hemisphere.
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