Look the definition of economic stupidity and you get Argentina. She may also make the mistake of attacking the Falklands again.
Just as we think we are about to be done with the stupid punk Hugo Chevez, up pops another one.
Good article here today.
THE AMERICAS
April 22, 2012, 6:30 p.m. ET
O’Grady: The Argentine Way of Business
By MARY ANASTASIA O’GRADY
It is never a good idea to agree to blackmail. The extortionist will not be satisfied until the victim is bled dry. Just ask Repsol, the Spanish oil giant. The record of its relationship with the government of Argentina strongly suggests the sovereign-risk equivalent of such a crime.
Until last week, Repsol owned 57% of the Argentine oil company YPF. That’s when Argentine President Cristina Kirchner announced that her government will seize 51% of the company. All of the shares she plans to take belong to Repsol.
Nationalizations, particularly in the energy sector in Latin America, are nothing new. But the circumstances surrounding the Argentine grab of YPF may be. They demonstrate the special nature of kirchnerismo, an economic model that enriches friends of the government while driving the nation toward poverty.
http://online.wsj.com/article/the_americas.html
And Obama and the American media are attempting to dupe the American people in the same way.
"Argentina has one of the lowest population densities in the world and suffers from the stupidity of its people for electing socialist/communist/peronista jokers into power and the elected ones for being blind to realities. This, of course, is a lot like the United States of Titanica today!"
Your right.
Not only that, but this goes to show you that socialist never learn. The total collapse of Argentina didn't teach the folks down there a damn thing as they continued to put the big government Marxists right back in power so they could turn around and put the same policies and practices right back in place that brought their country down in the first place.
Argentina is the best window to see where America is headed and it's not a pretty picture because when we go, we'll take the rest of the world with us.
She and her husband got elected specifically BECAUSE they are economic illiterates. Argentines blame the rest of the world for not allowing their beautiful Peronist dream to flourish.
More evidence that socialism and crony capitalism do not work. Her policies are mirror images of a second Obama term.
Must've been in the same class as comrade Hussein 0bama.
the US president thanked the Argentine head of state for the “passion and dedication applied to conversations over global issues,” while also publically declaring his congratulations to the Argentine president over her triumph in the October 23 elections.
"Barry, let me tell you how seizing power is really done!"
Argentine President Cristina Fernández de Kirchner
bttt
Bienvenidos a Argentina. Flunking Economics Since 1900