MercoPress, en Español

Montevideo, June 25th 2019 - 19:55 UTC

 

 

Trump spoke to Macri to strongly support Argentina's economic reforms

Thursday, May 9th 2019 - 09:57 UTC
Full article 12 comments

US President Donald Trump spoke with Argentina's leader Mauricio Macri on Wednesday and voiced support for the country's economic reforms, the White House said in a statement. Read full article

Comments

Disclaimer & comment rules
  • Enrique Massot

    So, president Donald Trump is expressing support for poor president Mauricio Macri, who had no option but implementing “unpopular austerity policies” to try to “restore stability.”

    Come on, MP. Surely there was a better story to reprint on the topic. The way the above story presents the issue, “a misfiring economy” is just happening, and misfortune makes this happen just six months before the election.

    This is to misrepresent what's going on. Argentina surely had problems of its own in December 2015 when Macri took office.

    From that moment on, however, everything went began going steadily downhill -- with the exception of 2017, when Macri and his merry gang spread some money around in time for the October election -- and ceased to do so the day after they got good results.

    So, to say inflation has reached 55 per cent, that the economy will contract 1.2 per cent this year, and that it fell 2.5 per cent 2018 does not really give a complete picture of today's economy in Argentina.

    What you have is a country where the productive sector is vanishing by the day, with thousands of enterprises, some 100-year-old, are letting go workers and closing down. This started with the small and medium-size ones, but today even large firms such as automobile production are also hurting.

    No a government in public record has inflicted so much damage in such a short time as the self-named “best team of the last 50 years” has to Argentina.

    It's Macri, and not one else, who has best worked to make Cristina Fernandez de Kirchner's vote intention numbers soar, with many former Macri voters now imploring CFK to make a quick comeback before Cambiemos does any more damage.

    Life has such things. As Sun Tzu said two and a half millenniums ago: “wait by the river long enough -- the bodies of your enemies will float by.”

    May 09th, 2019 - 07:55 pm - Link - Report abuse -2
  • DemonTree

    Hah. Trump supports free trade and austerity for Argentina, but protectionism and spending borrowed money in his own country. Somehow I don't think this endorsement is gonna help Macri much.

    May 09th, 2019 - 11:33 pm - Link - Report abuse 0
  • Zaphod Beeblebrox

    EM,

    “Come on, MP. Surely there was a better story to reprint on the topic”

    You hate it when MP doesn't follow your agenda don't you!

    May 10th, 2019 - 05:32 pm - Link - Report abuse +1
  • Enrique Massot

    ZB

    If you knew anything about journalism, you would appreciate that a good-quality story does not follow anyone's agenda. That is the kind of stories I am encouraging MP to print. It is true, however, that then you would become unhappy.

    It's difficult to please everybody.

    May 10th, 2019 - 07:04 pm - Link - Report abuse -2
  • :o))

    REF: Economic Reforms

    History has plenty of proofs to indicate that none would work except selling the country to the highest bidder [who is eager to pay “commission” to close the deal]!

    May 12th, 2019 - 12:55 am - Link - Report abuse 0
  • Enrique Massot

    Trump wants Macri to be re-elected because Argentina is an important piece of the US strategy in Latin America, and that is the reason the IMF continues to pump money in spite of Macri's blatant ineptitude -- or will -- to manage the country's economy.

    May 12th, 2019 - 05:42 pm - Link - Report abuse 0
  • :o))

    @Enrique Massot

    REF: “Trump WANTS Macri to be RE-Elected”:

    “WANTS” yes but will he be - competent or otherwise?

    May 13th, 2019 - 01:08 pm - Link - Report abuse 0
  • Zaphod Beeblebrox

    EM,

    “Trump wants Macri to be re-elected because Argentina is an important piece of the US strategy in Latin America...”

    Have you been paying attention? That strategy is way beyond Drumpf's ability or desire. He just likes people who say nice things about him, irrespective of who they are or any sensible strategy. Any support from him is likely to be transient and meaningless. If CFK says nice things about him, he'll support her too!

    May 14th, 2019 - 04:58 pm - Link - Report abuse 0
  • :o))

    @Zaphod Beeblebrox

    Flattering DT will get you nowhere! :o))))
    https://statig0.akamaized.net/bancodeimagens/e3/yi/gq/e3yigqsl913e1g3akv4n0bvjp.jpg

    May 15th, 2019 - 02:03 pm - Link - Report abuse +1
  • Enrique Massot

    ZB

    No. Trump is, as usual, poorly informed and getting even worse advice.

    Actually, Cristina mentioned the US during the presentation of her book Sinceramente, and said those who admire that country may do well imitate what they do as well. (She was referring to Donald's protectionism of local industry).

    In any event, I agree with skull. Donald Trump has no friends. At all.

    May 16th, 2019 - 03:06 am - Link - Report abuse 0
  • :o))

    @EM / @ZB

    REF: “Donald Trump has no friends at all”:

    Who needs friends; when surrounded by boot-lickers?

    May 16th, 2019 - 03:29 pm - Link - Report abuse +1
  • Zaphod Beeblebrox

    EM,

    ”Actually, Cristina mentioned the US during the presentation of her book Sinceramente, and said those who admire that country may do well imitate what they do as well. (She was referring to Donald's protectionism of local industry). “

    That just confirms that she hasn't got a clue. Drumpf's ”protectionism” is for old industries (e.g. coal mining) that are obsolete and are being replaced by new technology and/or isn't will increase the cost of raw materials (tariffs). Ask US farmers what they think of his “protectionism” as they lose their overseas markets. Just because Trump does something stupid and CFK agrees with it does NOT make it a good idea.

    “No. Trump is, as usual, poorly informed and getting even worse advice.”

    Maybe, but when he is well informed and gets good advice he has a track record of ignoring it.

    May 17th, 2019 - 05:51 pm - Link - Report abuse 0

Commenting for this story is now closed.
If you have a Facebook account, become a fan and comment on our Facebook Page!