Tag Archives: Argentina President Javier Milei

How To Get The Job Done

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On Friday, Breitbart posted an article about the inflation rate in Argentina since President Javier Milei took office.

The article reports:

The National Institute of Statistics and Census of Argentina (INDEC) announced on Thursday that the country’s inflation rate for September was 3.5 percent.

September’s result marks the lowest inflation rate recorded in Argentina since November 2021 and is the result of President Javier Milei’s “shock therapy” economic measures that have steadily reduced inflation from 25.5 percent at the time he took office in December 2023 to September’s 3.5 percent.

Milei’s policies aim to overturn Argentina’s years-long economic crisis exacerbated under leftist governments, which dramatically worsened during the administration of Milei’s predecessor, socialist former President Alberto Fernández (2019-2023).

The article concludes:

Milei has insisted that his “zero deficit” fiscal goals for Argentina are “non-negotiable,” a pursuit he reiterated last week when he vetoed a university financing bill that the government branded as “irresponsible” and a danger to the nation’s fiscal balance. Milei reaffirmed that he would veto any bill that infringes upon fiscal balance. The veto was upheld by the Argentine Congress on Wednesday.

Milei’s policies, in addition to steadily reducing inflation over the past nine months from 25.5 percent in December 2023 to 3.5 percent in September, also allowed Argentina to experience its first Gross Domestic Product (GDP) surplus since 2008, overturning a 15 percent GDP deficit that the country faced at the time he took office in December.

America could learn a lot from what is happening in Argentina!

What A Difference An Election Made

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On Monday, Breitbart posted the following headline:

Argentina Logs First Week with No Inflation in Food Prices in 30 Years

This is one of many positive results of the election of President Javier Milei, who began his term as President in December 2023.

The article reports:

A study published on Sunday by Econométrica, a private Argentine consulting firm, first reported the no-inflation week. In its study, Econométrica analyzed 8,000 prices in local online supermarkets and found no change when compared to the preceding week — something that has not happened in Argentina in three decades. In addition to the lack of variation in prices in one week, the study found that the prices of food and drinks only experienced an increase of 0.1 percent in the past 15 days.

…Upon taking office in December, Milei enacted a series of “shock therapy” economic policies to restore Argentina’s economy after nearly two decades of socialist rule left it in a precarious state and on the verge of a hyperinflation spiral.

Since then, monthly inflation rates in Argentina have experienced a dramatic and continued downward trend, going from 25.5 percent in December to 4.2 percent in May, the lowest rate experienced in the country in over two years. In April, Argentina recorded a surplus of its gross domestic product (GDP) during the first quarter of the year — something that the South American nation had not seen since 2008.

Milei is in the Czech Republic on the final stop of a four-day tour of Europe that began on Friday with a visit to Spain, followed by a two-day stop in Germany over the weekend that included an encounter with German Chancellor Olaf Scholz. Milei is slated to meet with Czech Prime Minister Petr Fiala on Monday morning.

The article concludes:

Milei also confirmed that his administration would not promote a devaluation of the Argentine peso, echoing statements by Economy Minister Luis Caputo last week where he ruled out such plans. Caputo instead said he would continue implementing the current plan, which focuses on maintaining a good relationship with the International Monetary Fund (IMF) and upholding a currency exchange system that allows companies to sell 20 percent of their income in U.S. dollars in the financial market and settle the remaining 80 percent at the official exchange rate.

“There are professionals who, in order to justify and wash their mistakes, make unfortunate arguments, which speak more about what they want to happen than what really has to happen,” Milei said. “There are sectors that find it convenient to have low dollar salaries and more poor and indigent people, and we believe that the situation works in a different way.”

This could happen in America with the proper election results.

Good News As The Result Of Not Caving To Political Pressure

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On February 12th, Front Page Magazine posted an article about the rescue of two of the October 7th hostages in Gaza.

The article reports:

After months of fighting, Hamas had been forced to fall back to its stronghold in Rafah on the Egyptian border.

And the pressure on Israel not to go into Rafah intensified. Not only AOC and Bernie Sanders, but Biden warned Israel not go in because of the “humanitarian impact”.

Israel went in and brought out two hostages.

Are any of the people talking about “humanitarian impact” thinking about the fact that Hamas has been holding people hostage since October 7th. Has anyone considered the fact that at least thirty of the hostages are known to have been killed–either dying in captivity of their injuries on October 7th or killed in captivity by Hamas. Why isn’t the pressure on Hamas–if they released the hostages and surrendered, the war would be over. If Israel stops fighting, there will be more war.

The article notes:

Bringing two hostages home is a moral triumph for Israel.

After the previous hostage deal, Hamas supporters, including AOC, kept hammering home the claim that the only way to free the hostages is to cut a deal with Hamas. But cutting deals with terrorists just leads to more dead bodies and more hostages.

Finally, by leading the operation with a successful hostage rescue, Israel reversed at least some of the narrative about Rafah. The pro-Hamas crowd will double and triple down, as they always do, but after months of war, there is a moment of genuine joy.

Argentina President Javier Milei, who was recently in Israel, expressed appreciation for the rescue of the two hostages, who were Argentinian nationals, and there has been singing and dancing all over the world.

The Biden administration is betting on the wrong team. Israel is not the problem. Israel is not the one who started this. Israel is not the one committing criminal acts against civilians.

Can We Elect Argentina’s President As America’s President This Year?

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On December 27th, Headline USA reported the following:

(Luis Cornelio, Headline USA) Newly sworn-in Argentina President Javier Milei purged over 5,000 government bureaucrats, fulfilling a campaign pledge to reduce the size of the inflation-burdened federal government. 

According to the Spanish-language newspaper El Pais, Milei signed an executive order to halt the contracts of federal workers hired in 2023, likely targeting individuals hired by his former leftist predecessor.

The order came after the capitalist president vowed to rescue Argentina from widespread corruption, inflation and wasteful government spending. 

El Pais reported that some disabled and indispensable employees will be exempt from the layoffs. However, the Argentine government announced a comprehensive audit within the next 90 days, hinting at potential future layoffs. 

The article notes that President Milei has been compared to President Trump in that President Trump has also pledged to shrink the federal government if he is elected in 2024. It will be interesting to watch the consequences of such a drastic change.