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Strong counterpoint between Cristina Kirchner and Minister Luis Caputo after the former president's document - Infobae
Source:
www.infobae.com
February 14, 2024
The head of the Treasury Palace and the former president exchanged messages on social networks after criticizing the Government of Javier Milei
Cristina Kirchner and Luis "Toto" Caputo had a counterpoint in networks after the former president's document
Cristina Kirchner's extensive document criticizing the national government, the former president's first public political message since the inauguration of Javier Milei, included a harsh criticism of the Minister of Economy, Luis “Toto” Caputo, whom she accused of “failing” for his time under the management of Mauricio Macri in the Casa Rosada.
Caputo was precisely one of the first officials to publicly respond to Cristina Kirchner's criticism . And, surprisingly, his message received a response from the former president.
In a post published on And he developed: “Debt is only taken on when there is a fiscal deficit, the entire fiscal deficit of the last 16 years was generated by you in your 12 years in government, 8 as president and 4 as vice president.”
Caputo's publication
“Mauricio Macri managed to reduce that deficit during his mandate and Javier Milei directly eliminated it in one month. That is, all the debt that was generated in the last 16 years was a consequence of his economic policies. “I invite you to have a little dignity and remain silent while good Argentines make the enormous effort to endure and overcome the economic disaster of their last 4 years of government, without a doubt the worst in Argentine history,” he added.
A while later, Cristina Kirchner returned to her X account to respond to the head of the Treasury portfolio. “Good morning Mr. Minister. He is not the first in his family to try to silence me . Only in a country with this Judicial Power can you become a public official again.”
The family reference made by the former president has to do with the attack she suffered on September 1, 2022 at the door of her apartment in the Buenos Aires neighborhood of Recoleta. At that time, the complaint accused the Federal Revolution group and the financing that, according to what she stated, she received from the company Caputo Hermanos , owned by relatives of a former high official of Mauricio Macri, Luis Caputo .
Cristina Kirchner's response to Luis Caputo in X
“ Continue in your parallel world, madam ,” was the minister's response to Cristina Kirchner's message.
The former president harshly criticized the minister in the 33-page document that she published this Wednesday on her social networks, saying that despite the fact that Milei maintained "as a hobbyhorse that with the 'same as always' different results could not be obtained , produced, as soon as he was elected, an unusual recycling of characters and former officials. The most worrying is that of Luis Caputo, architect of the serial indebtedness of Mauricio Macri's government and the return of the IMF to Argentina , whom he appoints, nothing more and nothing less, than as Minister of Economy.
Furthermore, he criticized his economic plan: “So far, the new government has only deployed a fierce adjustment program that acts as a true destabilization plan and that not only feeds back the inflationary spiral, placing society on the brink of shock, but also It will also inevitably cause an increase in unemployment and social desperation in a kind of planned chaos. It is more than evident that in the President's head the only stabilization plan is dollarization. The measures adopted in another theoretical framework are not explained.”
Regarding the fiscal deficit that Caputo mentioned, Fernández de Kirchner maintains that this is not Argentina's main problem and that the monetary issue, necessary to cover it, is not the cause of inflation.
And he exemplified: The world shows that this thesis has no basis in reality. The English publication The Economist regularly reports the main economic indicators of 43 countries grouped by region, including Argentina along with the most developed countries in the world. Of that list, only three countries have a fiscal surplus.”
“However, of the remaining forty countries that have fiscal deficits, only Argentina has three-digit annual inflation, three countries have double-digit annual inflation, and the remaining thirty-six countries have only one-digit annual inflation. If the thesis held by, among others, President Javier Milei, were correct, there is no doubt that all those countries that have fiscal deficits should have very high inflation rates,” he added.
For the former president, the cause of inflation in Argentina is the shortage of dollars and excessive debt in that currency.
In this sense, he cited a report from the Argentine Institute of Fiscal Analysis (IARAF) , which states that it is necessary to generate countercyclical funds to avoid the repeated use of monetary issuance and that debt beyond the State's capabilities is also a antidote to inflation.”
And he highlighted: “The six years of fiscal surplus referred to in the IARAF report correspond to the period 2003-2008, with Peronist and industrialist governments that had managed the issue of external debt with the understanding that the shortage of dollars in Argentina It strains the economy, politics and institutions to unbearable limits, and triggers inflation.”
Source:
Fuerte contrapunto entre Cristina Kirchner y el ministro Luis Caputo tras el documento de la expresidenta
El titular del Palacio de Hacienda y la exmandataria intercambiaron mensajes en redes sociales luego de la crítica al Gobierno de Javier Milei
www.infobae.com
February 14, 2024
The head of the Treasury Palace and the former president exchanged messages on social networks after criticizing the Government of Javier Milei
Cristina Kirchner and Luis "Toto" Caputo had a counterpoint in networks after the former president's document
Cristina Kirchner's extensive document criticizing the national government, the former president's first public political message since the inauguration of Javier Milei, included a harsh criticism of the Minister of Economy, Luis “Toto” Caputo, whom she accused of “failing” for his time under the management of Mauricio Macri in the Casa Rosada.
Caputo was precisely one of the first officials to publicly respond to Cristina Kirchner's criticism . And, surprisingly, his message received a response from the former president.
In a post published on And he developed: “Debt is only taken on when there is a fiscal deficit, the entire fiscal deficit of the last 16 years was generated by you in your 12 years in government, 8 as president and 4 as vice president.”
Caputo's publication
“Mauricio Macri managed to reduce that deficit during his mandate and Javier Milei directly eliminated it in one month. That is, all the debt that was generated in the last 16 years was a consequence of his economic policies. “I invite you to have a little dignity and remain silent while good Argentines make the enormous effort to endure and overcome the economic disaster of their last 4 years of government, without a doubt the worst in Argentine history,” he added.
A while later, Cristina Kirchner returned to her X account to respond to the head of the Treasury portfolio. “Good morning Mr. Minister. He is not the first in his family to try to silence me . Only in a country with this Judicial Power can you become a public official again.”
The family reference made by the former president has to do with the attack she suffered on September 1, 2022 at the door of her apartment in the Buenos Aires neighborhood of Recoleta. At that time, the complaint accused the Federal Revolution group and the financing that, according to what she stated, she received from the company Caputo Hermanos , owned by relatives of a former high official of Mauricio Macri, Luis Caputo .
Cristina Kirchner's response to Luis Caputo in X
“ Continue in your parallel world, madam ,” was the minister's response to Cristina Kirchner's message.
The former president harshly criticized the minister in the 33-page document that she published this Wednesday on her social networks, saying that despite the fact that Milei maintained "as a hobbyhorse that with the 'same as always' different results could not be obtained , produced, as soon as he was elected, an unusual recycling of characters and former officials. The most worrying is that of Luis Caputo, architect of the serial indebtedness of Mauricio Macri's government and the return of the IMF to Argentina , whom he appoints, nothing more and nothing less, than as Minister of Economy.
Furthermore, he criticized his economic plan: “So far, the new government has only deployed a fierce adjustment program that acts as a true destabilization plan and that not only feeds back the inflationary spiral, placing society on the brink of shock, but also It will also inevitably cause an increase in unemployment and social desperation in a kind of planned chaos. It is more than evident that in the President's head the only stabilization plan is dollarization. The measures adopted in another theoretical framework are not explained.”
Regarding the fiscal deficit that Caputo mentioned, Fernández de Kirchner maintains that this is not Argentina's main problem and that the monetary issue, necessary to cover it, is not the cause of inflation.
And he exemplified: The world shows that this thesis has no basis in reality. The English publication The Economist regularly reports the main economic indicators of 43 countries grouped by region, including Argentina along with the most developed countries in the world. Of that list, only three countries have a fiscal surplus.”
“However, of the remaining forty countries that have fiscal deficits, only Argentina has three-digit annual inflation, three countries have double-digit annual inflation, and the remaining thirty-six countries have only one-digit annual inflation. If the thesis held by, among others, President Javier Milei, were correct, there is no doubt that all those countries that have fiscal deficits should have very high inflation rates,” he added.
For the former president, the cause of inflation in Argentina is the shortage of dollars and excessive debt in that currency.
In this sense, he cited a report from the Argentine Institute of Fiscal Analysis (IARAF) , which states that it is necessary to generate countercyclical funds to avoid the repeated use of monetary issuance and that debt beyond the State's capabilities is also a antidote to inflation.”
And he highlighted: “The six years of fiscal surplus referred to in the IARAF report correspond to the period 2003-2008, with Peronist and industrialist governments that had managed the issue of external debt with the understanding that the shortage of dollars in Argentina It strains the economy, politics and institutions to unbearable limits, and triggers inflation.”
