Trending

Newsletter

Argentina’s Macri Rethinks US Relations after Backing Clinton

By: Raquel García - @venturaG79 - Nov 11, 2016, 7:37 am
President Macris said he hopes they will continue the good relationship his government had with Obama (Radiouniversidad)
President Macris said he hopes his country will continue having a good relationship with the US. (Radiouniversidad)

EspañolAfter the victory of Republican Donald Trump, Argentina officials are looking at new strategies for improving relations with the US.

President Mauricio Macri and his administration reportedly focused all of their time on Democrat Hillary Clinton, and now must figure out how to get close with Donald Trump’s administration.

Critics are calling the choice to put all of their eggs in Clinton’s basket a “diplomatic error” that must be addressed in the face of the shocking outcome of Tuesday’s election.

In an article published in the newspaper La Nación, journalist Joaquín Morales Solá said the eagerness of President Macri to support the Democratic candidate when no one was convincing him to do so is inexplicable.

Morales Solá said that though Clinton is a prepared person, she has “little charisma to excite a society tired of the old political establishment.” ‘

He did not rule out that President Macri was convinced by controversial Ecuadorian adviser Jaime Durán Barba to give explicit support to Clinton.

Macri’s closest team “had oiled relations with the Clinton electoral team,” but failed to warn against “the fatigue of that team after 25 years of direct or indirect power.”

“Hillary’s main mistake was never to have said why she should be voted for; she only emphasized that she could stop Trump’s climb. That is political and electoral fatigue,” Solá wrote.

“The truth is that almost no one predicted Trump’s victory,” Solá said. “Macri missed out on including an expert voice who understands that American history is full of candidates who are sure winners and end up being sure losers.”

In the last days of the campaign, Chancellor Susana Malcorra reportedly did not stop her support for Clinton. It is possible Malcorra was carried away “by her intellectual admiration of Hillary Clinton,” as well as by her enormous contempt for Trump.

Malcorra was reportedly “wounded” by the fact that a woman could not access the United Nations General Secretariat. She ran for the position but lost to Portugal’s Antonio Guterres.

“There are women who have acceded to the heads of governments in Europe, Asia, Africa and Latin America,” she said. “However, no woman has so far been able to control the two most influential offices on the planet: the US Presidency and the General Secretariat of the UN.”

The arrival of Trump to the White House will surely bring some obstacles to Macri’s administration.

Hysteria in financial markets is likely to end up raising interest rates, some experts said, which is bad news for an Argentinian government that will need loans next year for about US $30,000 million to finance the fiscal deficit.

Some analysts said if Trump even just follows through on only half of his campaign promises for countries like Cuba and Mexico, the relationship with the rest of Latin America could enter a new phase of tension.

“Macri must imagine as soon as possible the reinsertion of Argentina into another world. The world with the moral charm of Obama’s planetary leadership is over. There is now a world of strong and bizarre men.”

This Thursday, Novemeber 10,  Macri spoke publicly for the first time about Trump’s victory.

“I hope we continue working on this constructive, mature, intelligent relationship that we started with Obama,” he said. “I hope that continues with the Trump government.”

Source: La Nación

Raquel García Raquel García

Raquel García is a Venezuelan journalist with over 16 years of experience in digital outlets and radios. She currently lives in Buenos Aires, Argentina. Follow her @venturaG79.

Why President Trump Will Not Revive the US Economy

By: Iván Carrino - Nov 11, 2016, 7:37 am
donald-trump-2-1

After months of a grueling and hostile campaign, Republican candidate Donald Trump has finally been elected President of the United States. Clearly, this result is a direct criticism of the political establishment, and proves the consolidation of populism throughout the First World. Now the question is whether this eccentric business tycoon will be capable of reviving the US economy. The United States has always been characterized by its dynamic, entrepreneurial and innovative economy that allowed the country to reach one of the higher standards of living in the world. However, excess spending, public debt and too many regulations have reduced its overall performance. According to a study conducted by the Mercatus Center of the George Mason University, Barack Obama had imposed 105,602 new regulations on businesses through 2014, becoming the most regulatory president of the last 40 years. googletag.cmd.push(function() { googletag.display('div-gpt-ad-1459522593195-0'); }); In response, Trump said he will deregulate the economy and lower taxes — proposals that please many defenders of the market economy. However, Trump's good ideas end there. One of his most pretentious proposals is the commercial war on imports, along with his threat to abandon the North American Free Trade Agreement. This proposal is a contradiction at best. He promises to reduce taxes and raise customs tariffs (which are also taxes), at the same time. Perhaps the worst thing about this measure will be the negative impact it will have on the economy. Read more: IMF Deems Argentina's Statistics Credible Again Without as many cheap imports, US consumers are going to be impoverished. Producers in North America will begin to manufacture things that were previously imported, distorting the country's production and reducing efficiency. Fewer imports implies less supplies at a low cost, which will hinder the production of companies. More protectionism means more poverty, and less growth. This is not the way to "make America great again." The New Yorker asserted his government will carry out a gigantic infrastructure plan that will "rebuild freeways, bridges, tunnels, airports, schools and hospitals," and that it "will put millions of people to work on that reconstruction." In other words, pure and hard Keynesianism. The government spends and creates jobs to revive the economy. However, the question is how will they pay for all that expense if at the same time they are promising to cut taxes. The answer is simple: more public debt. Read more: Argentina and Paraguay Square Off Over Project in Shared Waters But debt is, as this article has already established, one of the reasons US has experienced a decline in economic growth. Explain again how borrowing more will make the US grow? It is good news that the US has said no to the traditional political establishment, and that citizens are punishing the Democrats for their poor economic policies and corruption scandals. But Trump isn't going to help either. At best, this experience will serve to prove that populism is not the answer. It is not the plans of megalomaniac politicians that help the economy, but the entrepreneurs when allowed to produce freely.

Weekly E-Newsletter

Get the latest from PanAm Post direct to your inbox!

We will never share your email with anyone.