Jim, do you have any data on whether or not there was a sustained drought in the Amazon during the 97/98 El Nino?
I was living in Bahia at the time, and the drought there was quite extraordinary. As I recall, the rains didn't come back until 1999. Even the cactus turned brown and died. There was not a speck of green as far as the eye could see.
After that, we had good enough rains until 2011. In the meantime, the city I lived in (Vitoria da Conquista) had doubled in size to roughly 400,000, and city water was available only during certain hours of the evening, and not every day.
It is not only the cerrado south of the Amazon that is dependent on transpiration from the Amazon rainforest, but also the sertão of the northeast, the Pantanal, and the farmland in southern Brazil because the flow of water vapor is from the Amazon all the way down to Argentina.
In fact, if the Amazon driesout, nearly all of eastern South America will be in huge trouble.