Politics Thread: President Javier Milei - Decree of Necessity and Urgency (DNU) in real-time

[Larry]

At least Milei is warning of some hard weeks to come. Sitution is getting worse with the economy.

Argentine President warns of hard times ahead

Argentine President Javier Milei downplayed this weekend from Sun Valley, Idaho, the importance of the blue (a euphemism for black market) dollar going up in his country. However, he warned of difficult weeks to come as his Government starts a new zero-money-issuing phase, which he dubbed a new...

en.mercopress.com

 

[Avocado]

Look at the government's flawed logic. They are trying to argue that consumption is not falling during this recession.

https://twitter.com/x/status/1815920237587353831

 

[Finance Prof]

Good article. Experts continue to be amazed by Milei.

El mayor experto en riesgo político del mundo está alucinado con Milei: "No hay precedentes en la Historia de eso"

Ian Bremmer, líder del Eurasia Group, dice que nunca vio una figura política con índices de aprobación altos "y cuyo lema central sea 'no hay plata'".

eleconomista.com.ar

 

[Betsy Ross]

This has been a good time for Milei and Sturzenegger to quickly push through many decrees.

Milei’s government seizes on Fernández scandal to govern in silence

Fabiola Yáñez’s allegations of gender violence against Alberto Fernández continues to have ramifications beyond the media. As Peronism tries to buy some time, President Javier Milei, his economic team and expert “deregulator” Federico Sturzenegger are issuing decrees all round.

www.batimes.com.ar

 

[Wally]

This has been a good time for Milei and Sturzenegger to quickly push through many decrees.

Milei’s government seizes on Fernández scandal to govern in silence

Fabiola Yáñez’s allegations of gender violence against Alberto Fernández continues to have ramifications beyond the media. As Peronism tries to buy some time, President Javier Milei, his economic team and expert “deregulator” Federico Sturzenegger are issuing decrees all round.

www.batimes.com.ar

Agree. This entire thing with Alberto has been a great distraction for people. Here was Milei today speaking at a real estate conference.

https://twitter.com/x/status/1824221811124662779

 

[Betsy Ross]

Good to see RIGI already getting lots of investments and going to bring in a lot of $$$$ for Argentina.

El RIGI impacta ya en la Argentina, y el Estado se empieza a retirar: 8 sectores afectados y una sorpresa

El RIGI arrasa con la Argentina. Dicen que llega con beneficios sociales. Ocho sectores serán los principales afectados con su llegada.

www-eldiario24-com.translate.goog

 

[Vero]

Very interesting video about President Milei's life. I didn't realize he was such a loner growing up. Explains why he is so close with his sister.

 

[Larry]

9 months in and we still have a lot of problems that haven't been solved.

Nine months in, the economic data alarming Milei's government

President Javier Milei has closed the third quarter of his administration with Argentina’s economic activity in poor health. He has notched up some achievements – exchange rate stability and a slowdown in inflation, for example – but the loss of purchasing power and increased unemployment are...

www.batimes.com.ar

 

[Finance Prof]

This is a good read on what President Milei inherited and ways he is trying to fix things.

In Defense of Milei | Mises Institute

While the majority of libertarians have looked with favor at Milei’s entry into politics and his measures as president, this view has not been embraced by all.

mises.org

 

[Jenn]

9 months in and we still have a lot of problems that haven't been solved.

Nine months in, the economic data alarming Milei's government

President Javier Milei has closed the third quarter of his administration with Argentina’s economic activity in poor health. He has notched up some achievements – exchange rate stability and a slowdown in inflation, for example – but the loss of purchasing power and increased unemployment are...

www.batimes.com.ar

I keep hearing about progress that is being made in Argentina and then I will read articles like this that sound like not really much progress is being made.

Double blow for Milei: Senate passes university bill, blocks SIDE cash

Milei’s cash for spy services blocked as both chambers of Congress block presidential decree for first time since 1994; Senate approves law providing salary increases and boosting budget for universities facing funding “emergency.”

www.batimes.com.ar

 

[MickMolloy]

Don't believe anything you read Jenn

I wish Milei would be more crazy

 

[oil rush]

Don't believe anything you read Jenn

I wish Milei would be more crazy

What more would you want to see?

 

[oil rush]

This is a good read on what President Milei inherited and ways he is trying to fix things.

In Defense of Milei | Mises Institute

While the majority of libertarians have looked with favor at Milei’s entry into politics and his measures as president, this view has not been embraced by all.

mises.org

Milei has accomplished quite a bit when you consider how few he has in his political party. Some of the things he said he would do he has done. He gave his map of what he wanted to do and has stuck with it.

We will see how some of his vetoes go and if they can get 2/3 to override his veto. The problem is his actions have caused a bad recession. It is like there is a ticking time bomb. He is trying to do things quickly and they are painful but if new economic activity doesn't pick up very soon, people will turn on him. Many of these companies that pledge to invest in Argentina will take many years before you see that economic output.

 

[Finance Prof]

President Milei gave a great speech last night night. He announced a zero deficit bill for 2025. Hopefully they hit it.

Milei launches “zero deficit” budget bill for 2025

Argentine President Javier Milei appeared before Congress Sunday to submit the 2025 budget bill foreseeing an exchange rate of AR$ 1,207 against the US dollar and annual inflation reaching 18.3% after a projected Gross Domestic Product (GDP) growth.

en.mercopress.com

 

[Larry]

Here is another article about it which includes the police getting busted with the fake news about the tear gas.

Inflation has gone down but his actions have caused a horrible recession and the poor and middle class are suffering so much. Economy has gone to sh*t and getting worse.

Milei to announce ‘zero-deficit’ 2025 budget in Congress - Buenos Aires Herald

The president will give a speech on Sunday evening, hours before the mandated budget deadline, following a bittersweet political week for his administration

buenosairesherald.com

 

[Avocado]

Here is another article about it which includes the police getting busted with the fake news about the tear gas.

Inflation has gone down but his actions have caused a horrible recession and the poor and middle class are suffering so much. Economy has gone to sh*t and getting worse.

Milei to announce ‘zero-deficit’ 2025 budget in Congress - Buenos Aires Herald

The president will give a speech on Sunday evening, hours before the mandated budget deadline, following a bittersweet political week for his administration

buenosairesherald.com

The budget is not realistic. Total fantasy. Negative net reserve of $5 billion USD. No plan how these things will happen.

 

[Vero]

The budget is not realistic. Total fantasy. Negative net reserve of $5 billion USD. No plan how these things will happen.

I was cautiously optimistic but I also don't believe it's realistic. Optimism and hope are starting to fall. Approval ratings are going down and will continue to go down as these austerity measures continue to affect more people. Elderly, students, and many other groups. I hope I am wrong but several people that I know that supported Milei now are regretting their vote.

 

[Vince]

I was cautiously optimistic but I also don't believe it's realistic. Optimism and hope are starting to fall. Approval ratings are going down and will continue to go down as these austerity measures continue to affect more people. Elderly, students, and many other groups. I hope I am wrong but several people that I know that supported Milei now are regretting their vote.

Milei's approval rating has fallen a little but not much. Here are some recent approval ratings. It's still about the same. Half the people love Milei and half absolutely hate him. But I agree with you @Vero that time is going to run out if things don't drastically improve in 2025.