President Obama transforming America into Socialist Argentina

Posted by PITHOCRATES - November 11th, 2012

Week in Review

President Cristina Fernández de Kirchner has won two landslide presidential elections.  One could say she is more popular in Argentina than President Obama is in the United States.  Well, she was more popular than the American president.  That may be changing (see Argentina protests: up to 1.5 million rally against Fernández de Kirchner by Uki Goni and Jonathan Watts posted 11/9/2012 on the guardian).

The broad avenues of Buenos Aires were crowded on Thursday night by Argentina’s biggest and noisiest anti-government demonstration in a decade, as hundreds of thousands of protesters marched or banged pots to express frustration at President Cristina Fernández de Kirchner.

After a smaller rally in September, the noisy but peaceful protest – estimated at between 250,000 to 500,000 people – marks an escalation of opposition to the Argentinian leader, particularly among a middle class that is upset at inflation, corruption, media controls and suggestions Fernández may want to amend the constitution so she can serve a third term…

There was no single cause of discontent. Many in the middle class are angry at the highest inflation in a decade, estimated at a yearly 25% by private economists, currency controls that have created a black market in dollars, and one of the slowest economic growth rates in Latin America.

Banners and chants also took aim at recent corruption cases and Fernández’s efforts to limit the power of big newspaper and TV conglomerates…

… it marks a political low in Fernández’s decade in the presidential palace. Since succeeding her husband, Néstor Kirchner, in 2007, she has won two landslide election victories and pursued a policy marked by wealth redistribution, greater investment in education, confrontation with Britain over the Falklands and the nationalisation of the Argentinian assets owned by the Spanish oil group YPF.

With the economy faltering, Fernández’s approval rating has fallen below 40%, according to a poll this week, and many of those who joined Thursday’s protest have lost faith in her.

“I voted for Cristina but now I feel let down,” said one middle-aged marcher. “We need more security, more jobs; the government needs to stop lying to us.”

High inflation and slow economic growth.  Kind of sounds like the Carter presidency.  Where we called his high inflation and slow economic growth stagflation.  And measured it by the misery index.  Of course President Carter didn’t suffer any of these humiliating protests in his second term.  For he suffered a humiliating defeat in 1980 that made him a one-term president.

People have often wondered what a second Carter term would have been like.  Some say we saw in President Obama’s first term.  But perhaps it will be his second term that will be more like President Carter’s first term.  Or, perhaps, more like President Cristina Fernández de Kirchner’s second term.  For apart from confronting the British over the Falklands and nationalizing a Spanish oil group (though President Obama would like to nationalize health care) his policies are eerily similar to hers.  The middle class has suffered in the US under President Obama just as they have suffered in Argentina.  And someone in the Obama administration is lying to the American people about Fast and Furious.  And Benghazi.  They both also have low approval ratings despite their ability to win elections.  Of course if that was the other way around in the United States (Republicans winning reelection despite low approval ratings) there would be massive legal actions contesting those election results.

So if you want to see what the future of President Obama’s second term will be like you can look at what’s happening in Argentina.  Which the president is making us look more like with his record spending that have given us record deficits in each of his four years in office.  And a record amount of debt.  Perhaps this is the president’s own way to reform immigration.  Make the economy so bad that there are no jobs here to encourage people to come to this country.  In fact, some of the flow of immigration has reversed as Mexicans are heading back home for better jobs.  As the president has destroyed the US job market with his economic policies.

So if you hear a loud banging sound in Washington DC don’t worry.  It’s just the Argentine-style protest against our anti-capitalist president.

www.PITHOCRATES.com

Share

Tags: , , , , , , , , , , , , ,