Tuesday, June 30, 2009

Cristina Fernandez defiant and generally delusional.

The dynasty is over but the beautiful idiot still insists that she is large and in charge.

rgentina's president expressed defiance Monday after voters took away the ruling party's edge in Congress.

Sunday's midterm elections have severely weakened President Cristina Fernandez and her husband, former President Nestor Kirchner, who had warned that "chaos" would ensue if the government lost its legislative majorities.

Instead, markets reacted with relief, and political opponents were invigorated by the reality that the autocratic Kirchners will have to reach compromises to get laws passed once the new senators and deputies take office Dec. 10.

....Kirchner was widely popular for lifting Argentina's battered economy from the depths of economic crisis to more than 8 percent yearly growth. But his wife hasn't had the same touch. Her approval rating dropped to around 29 percent after she insisted on an export tax hike that stagnated the farm sector. And she came off as unbending when she extended price caps and subsidies, nationalized $23 billion in pension funds and took over Argentina's top airline as part of a larger effort to impose more state control over the economy.


How pissed is Nestor Kirchner about these events? He gave up power and handed it over to his wife with the plan of running again in 2011. But Cristina screwed it up with her socialist policies and now both could be future ex politicians.

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