People do not realize what Milei has done for Argentina. Most of that is due to media and its slanted reporting. The horror of horrors! How dare Milei cut spending, dismantle useless government agencies, and reduce inflation??!!
In the six months since he has been President inflation has dropped dramatically and cost of housing has actually decreased. Yes, some of the cuts are painful, especially for those who have been on the government teat for decades, but much like the U.S. it was going to have to be done eventually, either voluntarily or involuntarily. Unfortunately, the U.S. hasn’t yet learn that lesson.
“Consumer prices in Argentina rose by 4.2% from the previous month in May 2024, showing a deceleration from the 8.8% increase in the prior month, falling below market forecasts of a 4.9% rise and marking the softest acceleration since January 2022.
The slower pace of price growth was observed across various sectors, including housing and utilities (2.5% vs. 35.6%), transportation (4% vs. 6.3% in April), restaurants and hotels (5.5% vs. 7.3%), food and non-alcoholic beverages (4.8% vs. 6%), health (0.7% vs. 9.1%), communication (8.2% vs. 14.2%), education (7.6% vs. 8.6%), and clothing and footwear (3.5% vs. 9.6%).”
Also, Argentina’s consumer confidence indicator rose to 38.3 in May 2024 from 37.17 the previous month, marking the highest level in the year. The improvement stemmed from more positive assessments of personal financial situations (41.89 vs. 41.85 in April), macroeconomic situation (56.35 vs. 56.14) and intentions to purchase durable goods (16.67 vs. 13.5).
Oh I know he is doing the right things, just paying attention to the response. Recognize it will be like that here, especially now with all the illegal migrants Biden has brought in.
Maybe that’s the plan all along?