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President Milei won the election for President last November and promised to turn things around economically and Make Argentina Great Again. (Sadly, this doesn\u2019t translate into Spanish in a way that we can use MAGA, but I\u2019m sure the Argentinians will make an exception) Almost as soon as he was sworn in, President Milei basically nuked the Argentine bureaucracy and took a flamethrower to all the red tape that blocked businesses from being successful.<\/p>\n
Recently, President Milei did the unthinkable in Argentina. The country showed a budget surplus for the first time in forever. Now he\u2019s looking to lock these advances in and improve Argentina\u2019s fiscal and physical security. Here are the details from Fox News<\/b><\/a>:<\/p>\n President Javier Milei of Argentina continues to stun his critics with an economy that has outperformed expectations and continues along an ambitious path for national security, including pursuit of a NATO global partnership.\u00a0 <\/b><\/p>\n “The fact that you have a president, head of state, who is defending the free market, who is defending the role of entrepreneurs and businessmen as creators of value and just defending deregulation when the tendency in Latin America and much of the West has been to regulate the economy . . . I think that’s very positive, not only for Argentina, but for the region as a whole and maybe beyond,” Daniel Raisbeck, a policy analyst at the CATO Institute, told Fox News Digital.\u00a0 <\/b><\/p>\n Recently, President Milei was invited to speak at the World Economic Forum<\/a>. I don\u2019t think they\u2019ll make that mistake again. He torched the WEF, their ideas and their plans, urinated on the ashes and then dumped everything into the nearest garbage dump.<\/p>\n Milei won the presidency<\/a> in November last year and prompted concern from some in the West that he would lead his country down a road to ruin with libertarian policies that would make an already troubled economy even weaker. Voters wanted economic relief from a market hit with some of the highest inflation in the world.\u00a0 <\/b><\/p>\n I don\u2019t know how the Argentina\u2019s government works. Obviously, considering how President Milei went through the bureaucracy with a killdozer, he has far more authority then an American president does in a similar situation. He cut a huge amount of government spending, which all good Big Government progressives consider absolutely critical, and balanced the budget within six months.<\/p>\n Argentina\u2019s inflation in March alone hit 287%, causing poverty to deepen, and citizens to take to the streets with strikes and protests against his policies. The monthly inflation rate was 25% in December when Milei first took office.\u00a0 <\/b><\/p>\n Milei then went on to significantly reduce spending with major cuts to public-sector wages as he suspended public works projects and cut subsidies. He also devalued the country\u2019s currency by over 50%, which helped it stabilize in value even as the price of basic goods jumped.\u00a0The monthly inflation dropped to 8.8% by April, marking the first single-digit inflation rate in over six months.\u00a0 <\/b><\/p>\n Argentina recorded a $589 million budget surplus<\/a> in January and continued to post a surplus for each of the first four months of 2024, even as the surplus shrank to $299 million in April, Reuters reported<\/a>. This marks the country’s first quarterly surplus since 2008.<\/strong><\/p>\n Reducing the grasping claws of governmental bureaucrats also had a major influence on the Argentinian economy. People who wanted to start small businesses no longer had to beg for permission from 500 different bureaucrats.<\/p>\n “Argentina was one of the most regulated economies in the world,” Daniel Raisbeck said. “So when you have a very well-thought-out package like the one that they introduced . . . and you get rid of as many of those regulations as you can, then it’s very positive.” <\/b><\/p>\n He noted that Milei has not adhered to some of his more aggressive campaign promises, which included a promise to dollarize the economy and shut down the Central Bank, saying that it was a “non-negotiable matter.”<\/strong><\/p>\n Baby steps, dude, baby steps. I don\u2019t claim any understanding regarding \u201cDollarizing\u201d the economy. Shutting down the Central Bank is going to take some time. I have little doubt that there are a lot of things that need to be unwound, including getting some of the \u201cElite\u2019s\u201d hands out of the til. The first priority for President Milei is getting things stable and then growing the economy. Once that\u2019s solidly in place, taking care of the other things will move to the top of the agenda.<\/p>\n Even days after he won the election, Milei appeared to favor more moderate Cabinet members than many would have expected of a man who jolted the international community with his outsider attitude and plans.\u00a0 <\/b><\/p>\n Of course. Anyone knows that radicals can get locked into their views of reality. Many of them have good ideas, but don\u2019t have the ability to pull back and rethink things if their ideas don\u2019t work. (Progressives, Liberals Communists, Marxists and Democrats are noted for this problem) Bringing in some moderating influences who will say \u201cHey, this isn\u2019t working. We need to see why and rethink things.\u201d is critical to success.<\/p>\n “Everything related to deregulation is very libertarian, and we\u2019ve seen great success already in the housing market, for instance,” Raisbeck said. “So that obviously brought a huge amount of supply that was suppressed because of price controls.”<\/strong><\/p>\n Milei also brought Argentina back to the international foreground, with a stronger focus on national security and changing up the country\u2019s goals from the previous administration \u2013 most notably, he rejected the invitation to join<\/a> the China and Russia-led economic bloc BRICS.\u00a0 <\/b><\/p>\n As an economist, I suspect that President Milei has been watching how China has been handling their economy, and has seen that they\u2019ve made some major errors. Russia? They are hip deep in a war that is not doing their economy any favors. I\u2019m sure he\u2019s also seen how these two countries treat some of their \u201cpartners\u201d and wants no part of it. (Any bets that China would want to put in military bases in Argentina? Hell the Argentine Military would probably oppose that idea)<\/p>\n Milei argued that it was not “opportune” for Argentina to join the bloc as a full member, according to German outlet DW<\/a>. However, he will continue to develop ties with its members in the meantime.\u00a0 <\/b><\/p>\n Again, no surprise there. His philosophy probably runs toward \u201cWe have stuff to sell. You have things we might want to buy. Let\u2019s do some deals.\u201d I have a suspicion that as a full member of this BRIC\u2019s thing, he would be told that he can\u2019t do certain deals and must do others.<\/p>\n “They have a good security minister, Patricia Bullrich, who has experience because she was a security minister in the previous government,” Joseph M. Humire, the executive director of the Center for a Secure Free Society, told Fox News Digital. “She has been able to get the ball rolling very quickly, and I think that was the benefit of having her in that position.”\u00a0 <\/b><\/p>\n One of the worst ideas that Argentina made was invading the Falklands. This was back when they had a military dictatorship and things were going badly internally. They decided to try the old \u201cShort, Victorious War<\/a>\u201d deal with Britain. While the Argentine forces, particularly their air and naval air forces did brave things and did so some serious damage to the Royal Navy, it didn\u2019t turn out well. This is not something that President Milei has any intention of repeating. He has other things in mind.<\/p>\n Humire explained that Milei\u2019s government has largely focused on clearing out external agitators, particularly those connected to Russian disinformation networks, which remain a paramount concern in most parts of the world as Moscow seeks to expand its influence.<\/strong><\/p>\n “The external forces are usually the key,” Humire said. “Usually, it\u2019s the Russians. The Russians have probably the biggest disinformation networks to be able to amplify local grievances and turn them into this macro instability, and they did that in Colombia, in Chile.”\u00a0 <\/b><\/p>\n “A lot of the specifics of the nation\u2019s security has been in mitigating these agitation networks that create chaos throughout the country, and they have been neutralizing some of these threats while they\u2019re studying others,” he added.\u00a0 <\/b><\/p>\n I don\u2019t see the Milei Administration just rounding up troublemakers and doing bad things to them. He understands that for a strong and successful economy, the rule of law has to be paramount. I have a feeling that where required, criminal proceedings, with full protection of civil rights will be brought, but in many cases, it will simply be informing people that \u201cHey, this is the Russians playing games. Here is what they are saying, here is what we are saying. Take a look at all the information and decide for yourselves.\u201d<\/p>\n One thing Progressives hate is people having any way to find alternative sources of information. We\u2019ve been seeing how President Milei has been doing and basically. So far so good. He has a lot on his plate, and a lot of hard work ahead of him. If he manages to really turn things around and people see major improvements in their lives, President Javier Milei will be seen as one of the great leaders of Argentina. (Especially if he knows when it\u2019s time to walk away)<\/p>\n Thatisall<\/p>\n ~The Angry Webmaster~<\/b><\/i><\/p>\n","protected":false},"excerpt":{"rendered":" Good day all. One of the things that has been driving the Globalists, Progressives, Eurotrash and the WEF insane has been politicians who have publicly thrown out the TransNational Globalist agenda and instead, concentrated on improving things for their own … Continue reading <\/a><\/p>\n<\/p>\n<\/p>\n<\/a><\/p>\n<\/p>\n<\/p>\n (2<\/strong> votes, average: 5.00<\/strong> out of 5)
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