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Macri admits annual inflation will reach 30%, “product of this storm”

Thursday, August 2nd 2018 - 07:24 UTC
Full article 6 comments

Argentina's President Mauricio Macri is acknowledging for the first time that the country's annual inflation rate will be 30%. Macri said Tuesday that the high consumer prices “unfortunately are a product of this storm.” He was referring to a sharp devaluation of Argentina's currency and a recent run on the Peso. Read full article

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  • Enrique Massot

    This would be matter for jokes if it were not quite tragic. A country of 42 million is in the hands of a chronic mythoman who has the gall to tell Argentines all will be well “in two or three years” while the economy takes water on all sides.

    In spite of worrisome signs, Mauricio Macri has refused to make changes to the direction he set when he took office two and a half years ago.

    And now, in an incredibly about face, Macri begins to seek scapegoats such as business people with “abusive attitudes” and rubs salt on the wounds by recommending Argentines to fight inflation by doing “some walk around” to compare prices and “pay less.”

    Argentina has had, of course, its share of bad presidents. However, this is the first time a head of state is at once a pathological liar, a corrupt individual and an incapable manager of the economy.

    Macri advised Argentines to “take care of themselves, look and compare” prices when they shop for groceries and other items, as he criticized businesses that seek to “abuse” the instability. He said his government would investigate those who have “abusive attitudes” toward pricing.

    Aug 03rd, 2018 - 03:48 am - Link - Report abuse -1
  • Zaphod Beeblebrox

    EM,

    “Argentina has had, of course, its share of bad presidents. However, this is the first time a head of state is at once a pathological liar, a corrupt individual and an incapable manager of the economy.”

    Really? I thought CFK ticked all of those boxes.

    Aug 03rd, 2018 - 05:43 pm - Link - Report abuse 0
  • Enrique Massot

    ZB

    “I thought CFK ticked all of those boxes.”

    Nothing else could be expected of a cheerleader of the government presided by Mauricio Macri and whose main strategy is to keep focusing on “how bad” was the previous government, headed by Cristina Fernandez de Kirchner.

    Many may philosophically disagree with the CFK government and may approve of the actions of the current Macri government during after over 30 months in office.

    It remains Macri took over a functioning country whose financial state allowed Macri to borrow huge sums from abroad before the taps were turned off, forcing a call for IMF help.

    So Zaphod may think whatever he likes--today's economic numbers are a different thing.

    Aug 03rd, 2018 - 10:37 pm - Link - Report abuse -1
  • bushpilot

    Your Triple Crown consisted of 3 critical flaws:

    1) pathological liar
    2) corrupt individual
    3) economic mismanagement

    You claimed Macri is the “only” head of state in Argentina's history to hold all 3 of these critical flaws.

    Macri is the current leader of Argentina, the one that counts. You are the one that compared him to previous heads of state in Argentina. That includes CFK.

    Zaphod said, “I thought CFK ticked all of those boxes.”

    This is not the ranting of a pro-Macri “cheerleader”, it is a simple statement and a reasonable one.

    You challenged Zaphod's statement by focusing on only the 3rd flaw of economic mismanagement.

    But you didn't argue against Zaphod's claim that CFK was also a pathological liar, nor against his claim that CFK was also a corrupt individual.

    You seem to be arguing that while both CFK and Macri were pathological liars & corrupt individuals, only Macri is guilty of economic mismanagement. Therefore, only Macri holds all 3 of the above flaws.


    The issues in the 2015 Macri vs. Scoli campaign were economic. Argentines didn't think the economy was being managed well.

    The “economic numbers” at the end of the 8 year CFK administration were not a demonstration of a well managed economy. The 8 year CFK figures are better than Macri's 2.5 year figures, especially the debt, but the CFK administration still demonstrated economic mismanagement also.

    Zaphod's claim that CFK was also guilty of economic mismanagement is not just him “thinking whatever he likes”, that claim is valid.

    Nor did you dispute that CFK was a liar, and corrupt. Do you want to argue that she was not?


    Therefore, CFK is also one of the few Argentine heads of state that are guilty of all 3 of your flaws above.

    If you think focusing on previous administration's performances doesn't contribute to the present, why did you compare Macri to all previous administrations in Argentina?

    Is it OK for you to do so when that supports your politics, but others shouldn't compare?

    Aug 04th, 2018 - 01:58 am - Link - Report abuse 0
  • Enrique Massot

    @BP

    You may keep talking about the CFK government 32 months after she ceased to be in office and you may refuse to say a single word about the current government as it quickly destroys the country.

    Just as La Nacion and Clarin do every day in Argentina, you may think it clever to keep talking about how bad Kirchnerism was while avoiding talking about the increasingly ominous day-to-day realities.

    It remains that is just a short-term device. The population will find out who supports them and who harms them; they find that out every week when they go purchase their basic goods.

    Aug 06th, 2018 - 06:24 am - Link - Report abuse 0
  • Zaphod Beeblebrox

    BP,

    Excellent post. :-)

    “Zaphod said, “I thought CFK ticked all of those boxes.” This is not the ranting of a pro-Macri “cheerleader”, it is a simple statement and a reasonable one.”

    Thank you.

    “You challenged Zaphod's statement by focusing on only the 3rd flaw of economic mismanagement. But you didn't argue against Zaphod's claim that CFK was also a pathological liar, nor against his claim that CFK was also a corrupt individual.”

    Maybe Reekie cannot argue against those?

    “Zaphod's claim that CFK was also guilty of economic mismanagement is not just him “thinking whatever he likes”, that claim is valid.”

    Thank you (again).

    “If you think focusing on previous administration's performances doesn't contribute to the present, why did you compare Macri to all previous administrations in Argentina? Is it OK for you to do so when that supports your politics, but others shouldn't compare?”

    Reekie responded “You may keep talking about the CFK government 32 months after she ceased to be in office ... you may think it clever to keep talking about how bad Kirchnerism was ...” in spite of the fact that he did say “Argentina has had, of course, its share of bad presidents. However, this is the first time a head of state is at once a pathological liar, a corrupt individual and an incapable manager of the economy.” so Reekie is allowed to compare Macri with previous presidents (using unsubstantiated allegations) but we are apparently not permitted to.

    Aug 07th, 2018 - 05:30 pm - Link - Report abuse 0

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