Sunday, 26 August 2012

We do not want to say, "I told you so, but".....

Argentina's President Cristina Fernandez de Kirchner attends a meeting with her Venezuelan counterpart Hugo Chavez (not pictured) to sign agreements between Venezuela and Argentina, at the Argentine Embassy in Brasilia July 31, 2012. REUTERS/Ueslei Marcelino
Argentina's President Cristina Fernandez de Kirchner attends a meeting with her Venezuelan
 counterpart Hugo Chavez(not pictured) to sign agreements between Venezuela and Argentina,
 at the Argentine Embassy in Brasilia July 31, 2012.
Credit: Reuters/Ueslei Marcelino

BUENOS AIRES | Sun Aug 26, 2012 3:01pm EDT
BUENOS AIRES (Reuters) - Argentine President Cristina Fernandez's popularity sank to 30 percent in August, less than half of what it was a year earlier, according to a poll published on Sunday that portrayed a country worried about crime and high inflation.
      The telephone survey of 2,259 voting-age Argentines by polling company Management & Fit showed dissatisfaction with the interventionist policies that won Fernandez a landslide re-election 10 months ago.     The popularity of the 59-year-old Peronist -- who is part of a bloc of left-leaning South American leaders including Evo Morales of Bolivia and Rafael Correa of Ecuador -- fell by 8.1 percentage points between August and July alone.  The international bond market has shunned Argentina since its 2002 sovereign debt default and subsequent embrace of policies that emphasise state intervention in the markets and heavy government spending meant to stoke economic growth.
     As recently as September last year, a month before winning her second term, Fernandez had 64.1 popularity while campaigning on promises of deepening the interventionist policy model of her late husband and predecessor as president, Nestor Kirchner.  Since then, the economy has slowed, and the poll suggests most people are not buying Fernandez's argument that external factors, such as Europe's financial mess, are mostly to blame.  Argentina's economic activity was flat in June, according to the official EMAE index, which is a close proxy for gross domestic product.
     Of those surveyed by Management and Fit, 44.5 percent said government policy was the main cause of the stagnation. Only 8.0 percent blamed it on spillover from sluggish world growth.     The perception of an increase in street crime was first on the list of complaints voiced by participants in the poll, which had a margin of error of plus or minus 2.2 percentage points. No official crime statistics were available to back this up.
     Annual inflation, clocked by private analysts at over 20 percent, was another worry voiced in the survey. The government fines economists who publish their inflation estimates, which tend to double or triple the official figures.Participants in the poll also cited growing worries about unemployment. The country's second quarter jobless rate edged up to 7.2 percent from 7.1 percent in the first three months of the year.
     Fernandez's image benefited from a fast-growing economy during most of her first four-year term.   Activity is now being slowed by fallout from the European debt crisis, softer demand from key trade partner Brazil and government-imposed currency and import curbs that have further hurt confidence in Latin America's third biggest economy.
In the latest sign of malaise, Argentine industrial production fell 2.1 percent in July from a year earlier.
 QUE LOS BUENOS AIRES SE HAN CAMBIADO A LOS MALOS AIRES. -   An ancient saying first made famous by El Gringo Viejo's better half, who is also not a fan of Madame Viuda de Kirchener's style of Esperanza y Cambio.    Perhaps she can fix everything with a quick little war with the British Invaders.   In English, the saying above translates to "The Good Winds (airs) have changed into the Bad Winds (airs).
     We were surprised to note that the Reuters News Agency had developed and executed this article.   Could it be that the normally knee-jerk press is finally allowing just a little, teeniney, teensey, weensey, little bit of journalism to seep into their coverage of leftists, marxists, and other types of pinky totalitarians?    Do they ever stand in the shower, trying to wash off the sins of their lies...asking themselves...."Pinochet submitted to a plebiscite, lost it, and left office.   Why can't Fidel and Raul submit themselves to an internationally supervised plebiscite....would they leave office were they to lose."?
     While the world celebrated the Wave From the Left...with Evo Morales (a dunce, a professional Indian, and dedicated communist), Cristina, Hugo Chavez, Dilma Rousseff (president of Brazil, which is also into a renewed social and economicfree-fall.  She like Cristina, was also a communist guerrilla in her teens and twenties.).... All are now fixing to lead South America into another Great Leap Forward.    Soon, their great leap forward may be a lemming's rush to see if any of them can replace Haiti and Cuba at the bottom of the basement.
      There is no need for El Gringo Viejo to remind anyone that these things were in the process of unfolding, a little less than a year ago, so we shall not waste time reminding anyone.

El Gringo Viejo