Political wisdom says that Presidents have a period of 100 days of grace since they were sworn in. During this honeymoon, politicians, the press and the financial market tend to be more comprehensive with the new President, so it become easier to pass reforms by the Congress.

With incomplete 3 months into power, the Brazilian president, Jair Bolsonaro, is seeing his honeymoon fading away. Acting like a beetle-head, Bolsonaro refuses to attend the demands of legislators regarding the distribution of power and budget into his government. Last week, in response, Rodrigo Maia, president of the House of Representatives, threatened to pull himself out of the negotiations regarding the pension reforms, the most important legislative proposal submitted by Bolsonaro in the beginning of his mandate.

Bolsonaro also shows little power of coordination into the Congress. Until now, none of his projects began to be processed into the Lower House, with none of the members of commissions appointed. The nomination of the bill rapporteur for the pension reform is also pending.

As if it was not enough, last Wednesday Bolsonaro sent to Congress a special bill for the retirement of military forces, much more generous than his proposals for private and also to other public employees. The bill was considered a sign that Bolsonaro, a former army captain, is not committed with a broader pension reform to solve Brazilian serious fiscal condition.

With a political crisis and doubts about the real engagement of Bolsonaro with pension reform, the financial market is reassessing its optimism about the right-wing new President. As the honeymoon ends, Bolsonaro tends to have more obstacles to deal with until the end of his term.

You can see the complete version of this article (unfortunately, only in Portuguese) here.