Yes, they have always been able to recover after they have built that bonfire, watched it burn for their successors, and then swept in to be the heroes. Think of the situation the country was in at the end of menemismo. Of course, De la Rua just added fuel to the flames as london2baires pointed out. Once the bonfire became incontrolable, the peronist stepped back in and "recovered." It's easy to recover after a mega devaluation and the subsequent budget surplus that Kirchner started with, and then record crops. But what did we end up at the end of Cristina's terms, a budget deficit, a economy that hadn't grown in five years and 30% poverty, among many other problems. I see the same cycle, dynamic with Macri. And no one is arguing that Macri hasn't made colossal mistakes.
As Earlyretirement points out, it's so easy to Monday morning quaterback now. Everyone is saying that Macri should have set down his first day in office and called for a sort of Pacto de la Moncola, saying we're essentially broke and if we don't make severe structurally changes, this ship is going to sink, regardless. I wish he had . But with all the mafias and special interests in this country that just want to protect their piece of the pie, and the peronists being so populists, can anyone imagine that conversation going anywhere? I can't. The number of national work stoppages and just plain chaos would have made what's happened recently look like child's play.
And so the peronists take over (and I don't see them making those structural changes because those are not popular), and we end up with the same sort of situation we were end at the Cristina's terms, is that really "recovery?"