Hacker Newsnew | past | comments | ask | show | jobs | submitlogin

except economy is not growing.. IMF even recently reviewed their projections down for their economy..

https://business.inquirer.net/464261/imf-downgrades-argentin...

people spending is low because people are afraid to spend and\or just do not have money to do anything, most people are barely affording food right now.. also unemployment is increasing..

https://www.reuters.com/markets/emerging/argentine-inflation...

Dolar blue exchange rates are sky rocketing and is more then 4x higher then before Milei..

https://bluedollar.net/informal-rate/

Poverty is also sky rocketing and already affect more then half of the country population.

https://apnews.com/article/argentina-poverty-levels-uca-stud...

https://foreignpolicy.com/2024/03/05/argentina-milei-economy...

He made a surplus in the first month because he basically withheld all the money he could and some the he couldn't, to the point that Chubut governor, that is also right wing himself, was threatening to withhold all the oil produced there. Milei lost the battle in courts..

https://buenosairesherald.com/politics/the-rosca/chubut-will...

He also immediately faced huge protests when he announced his plans in the first month.

https://www.bbc.com/news/world-latin-america-68085197

And protests against his policies have being a constant..

https://www.reuters.com/world/americas/argentinas-milei-face...

https://edition.cnn.com/2024/06/12/americas/protests-argenti...

People did not voted in Milei because they liked him or his ideias, they voted against the other candidate that was the minister of economy from the previous president, and that was clearly not making a good job.

Likely anyone running against him would have won, Milei was just luck to be the one.

And Milei is not even the first right wing president in recent times, they had Mauricio Macri that is from a center-right party, in the government from 2015 to 2019. Macri did as poor of a job dealing with the country economic problems as all the left wing governments previous and after.. Milei is managing to do even worst..

My guess is that as happened with Macri in 2019, Milei will is unlikely to be elected for a second term or to elect a right wing successor if he decide to not run again himself..

In fact, i doubt he would win again in a election held today..



"Dolar blue exchange rates are sky rocketing and is more then 4x higher then before Milei.."

That is just false. When Milei took over, the dollar blue was at 1188 pesos, and it's now at 1445 pesos. That's an increase of 21.6% after 7 months, not 300%/4x. By the way in the 7 months previous to Milei, the increase was 160%.

And about poverty, it was already at 50% when Milei took over. But obviously if you're left-leaning you might want to avoid mentioning it...


Dollar blue exchange is at 4400? I don’t see it.

Protests? Yeah the same people who didn’t protest once in 4 years while the whole country was peaking in poverty? Very trustworthy group to use as a measuring factor of the country’s health. That’s just the unions and groups that were getting money under the table getting scared of having to actually work like everyone else.

I don’t know if you’re aware but the average worker did not join these protests like they did for example in the protests that happened during 2001.

Let’s not forget the country we had in 2023. Milei did not cause all these things. The country was already going HARD in this direction.

The reason people voted Milei is up to each person and what you said in your last paragraphs leaves so much untold that I don’t even know where to begin. Just because he’s not a “K/Peron” president doesn’t group him with Macri. Macri was very weak in all his policies and politics. If you have a very large vector going in one direction, it takes another large vector at a substantial angle to change it. Macri did neither.

I gotta say though, my shitty neighborhood was never better than during the macri times… wasn’t the left with their big present and spending state supposed to use all that money on the people? I rather have Milei not spend it and have surplus and not have to print money all the time than get devaluation and still not see any progress.

My guess is that your source of information speaks wonders of Lula and is very anti Milei, because all the things you quoted don’t imply what you think they imply. There are at least 70 years of baggage behind all that.




Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact

Search: