LOL. Do you really think Macri wanted to go to the IMF??? This shows just how bad of a situation Argentina is in. Sure, it's no magic bullet. But please lay out your master thesis of what Argentina should have done? CFK lied about inflation numbers. Inflation has always been high under CFK. 30% to 40% a year. Are you trying to dispute that??? She officially tried to cover it up.
Macri has made mistakes but also you can't discount all of the forces against Argentina. Up until the beginning of this year most didn't think he was doing a terrible job. Just goes to show you how quickly things can snowball in Argentina. Argentina had it's worst drought in 50+ years and severely damaged agricultural output (corn and soy) and cut off a vital source of hard currency. Interest rates in the USA went up causing investors to pull money out of riskier assets like Argentina. Look how quickly things deteriorated after April.
Macri is trying to control inflation while also trimming the fiscal deficit and keeping the economy growing. Doing all three things at once is almost impossible. Getting rid of energy and transport subsidies is essential for reducing the fiscal deficit. But hikes in regulated prices added 8 points to inflation last year.
Again Macri made a LOT of mistakes but my point is that Argentina was already doomed from CFK and anyone that tries to dispute that ANY President could have turned things around is lying to themselves. You Monday morning Presidential "I could have done it better" quarterbacks really crack me up.
No I don't discount the forces against Argentina, however, The U.S. Federal reserve announces rate hikes well in advance, and this government knew they were coming. Why was no action taken to try to mitigate the situation? Furthermore, what happened to his campaign promise where he basically use it as his theme, claiming foreign investment capital was going to flock to Argentina, and I am not referring to the financial sector. I am referring to infrastructure. investments that would create jobs for the Argentine people is what he said was coming, and we saw zero.
Please explain in detail how Macri is trying to control inflation, because I don't see any evidence that he has done anything to that effect. You say that CFK lied about inflation. How so? That's like raising the price of something, and telling people that you are not raising their prices. I remember that, yes, there was always inflation, but nothing like this. We are projected to hit over 50%
You say Macri is keeping the economy growing? Where are you getting your numbers? The economy is not growing. It's shrinking. And it's projected to shrink even more.
Let me touch a little bit on one of Macri's biggest campaign promises. He, Eliza Carrio, and others in the Cambiemos Party promised infrastructure investment? Although there are many reasons that investments aren't coming to Argentina right now, one of the principal rules of investments is, don't invest in countries that have rampant inflation, and like you say, Argentina has a long history of inflation. So which do you think is true, that Macri is just stupid, and has no idea about economic principles, or he was lying to us?
I am going to spare you (for now) and not talk about all of Macri's lies and missed economic targets because I think you and most others are already aware of them, and they have already been repeatedly mentioned here, but I think you can understand why people are extremely angry at him. He has delivered absolutely nothing for Argentina. He has not fulfilled not one campaign promise and has not hit the mark on any of his economic projections.
Instead, every time a projection has failed, he says it's going to take longer or adjusts a target to a different number, like he did again yesterday. How long can we continue believing anything he says?
Yes, we know the previous government was bad, a lot of us voted for Macri but we jumped ship because we see what a disaster he is. Have you seen his latest approval numbers?
