President Macri asks for patience; poverty index shows 27,3% Argentines live in poverty

Friday, September 28th 2018 - 07:55 UTC

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President Mauricio Macri on Thursday asked Argentines for patience in weathering an economic crisis this year and pledged to increase social spending in the coming months, a day after reaching a US$ 57.1 billion deal with the International Monetary Fund. Read full article

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Enrique Massot
Former Argentine president Carlos Menem once said that no one would have voted for him if he had unveiled his real intentions before getting elected.

Current president Mauricio Macri probably took a cue from Menem, and got elected on promises of growing the economy, supporting working people, taming inflation and reducing poverty.

Instead, he presides over an orgy of financial gambling and capital flight on borrowed money while the real economy sinks, workers' wages erode and the loss of purchase power hurts the domestic productive sector.

Not a single one of Macri's pre-election promises came to fruition.

Macri's typical neoliberal mantra is to keep asking for patience while the promised rosy future, as a desert mirage, remains elusive in the distance.

Patience is running out however, as more and more Argentines realize the extent to which they have been duped by the governing coalition.

As they say, can't fool everybody all the time.
Sep 29th, 2018 - 03:11 am - Link - Report abuse -2
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Zaphod Beeblebrox
“Not a single one of Macri's pre-election promises came to fruition.”

Not a single one? If only there was some way to check this claim...
Oct 02nd, 2018 - 05:37 pm - Link - Report abuse +1
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