As President Lula nears the end of his third term and sets sights on a fourth, critiques of his management come to the forefront. The article emphasizes that Lula's agenda has been overshadowed by the actions taken against those involved in the coup attempt of 2022/2023, which has blurred public perception regarding the quality of governance during his latest term. Three specific issues are highlighted: the Banco Master scandal, the unfulfilled promise to clear the INSS backlog, and the lack of progress on establishing a Climate Authority.

The Banco Master scandal is particularly concerning, where the autonomy of the Central Bank led to a significant issue being ignored. Minister Fernando Haddad has referred to this situation as possibly the largest banking fraud in Brazilian history. Despite the gravity of the situation, the Central Bank's leadership, under Roberto Campos Neto, failed to act responsibly, bringing into question the oversight and management under Lula’s presidency.

Moreover, two significant promises made by Lula—the resolution of the INSS backlog and the establishment of a Climate Authority—remain unfulfilled. These pledges were pivotal to his initial objectives but have since stagnated, casting doubt on the efficacy of his administration. The accumulation of these failures could have serious implications for Lula's ambition to secure a fourth term, highlighting the disconnect between political promises and actual governance outcomes.