Macri Is the Only One Responsible for His Downfall

TheWall Street Journal described it as a “setback, ” but the appropriate term is a “shellacking.” Mauricio Macri’s chances of being reelected in Argentina are pretty much over after he finished 12 points behind the Peronist ticket of Alberto Fernández and former president Cristina Fernández de Kirchner in Sunday’s mandatory presidential primaries. Even thoughMacri might still think he can make a miraculous comeback, the markets are already writing him off for the election in October. Thus, it ’s not too soon to write his presidential obituary.The case against Macri is straightforward. Nearly four years after coming to power, the economy is contracting, inflation is among the highest in the world, poverty is rising, and the country has once again been bailed out by the IMF. Even Macri ’s sympathizers struggle to find positive data to support his case for reelection.Argentina - Poverty!function(e,t,s,i){var n= " InfogramEmbeds " ,o=e.getElementsByTagName( " script " )[0],d=/^http:/.test(e.location)? " http: " : " https: " ;if(/^\/{2}/.test(i)&&(i=d+i),window[n]&&window[n].initialized)window[n].process&&window[n].process();else if(!e.getElementById(s)){var r=e.createElement( " script " );r.async=1,r.id=s,r.src=i,o.parentNode.insertBefore(r,o)}}(document,0, " infogram-async " , " https://e.infogram.com/js/dist/embed-loader-min.js " );Granted, Macri inherited an economic mess after 12 years of populist rule by Fern ández de Kirchner and her late husband Nestor. ...
Source: Cato-at-liberty - Category: American Health Authors: Source Type: blogs