'So Much for America First': Trump Admin Says Argentina Bailout Doubling to $40 Billion | Common Dreams
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"Yet, they never have the funds for healthcare coverage for all," said Congresswoman Rashida Tlaib.

cross-posted from: https://lemmy.zip/post/51070777

“Yet, they never have the funds for healthcare coverage for all,” said Congresswoman Rashida Tlaib.

  • A_norny_mousse@feddit.orgEnglish
    792·
    11 days ago

    I kinda missed part 1 of the story; what’s the deal for Trump here?
    He wouldn’t be doing this if there wasn’t something in it for him.

    Oh and just in case somebody isn’t 100% clear what Milei is about:

    While Milei has drastically slashed inflation, the reduction has come via the devaluation of the peso and massive cuts in government spending, including the evisceration of social programs resulting in more expensive housing, healthcare, and education.

    And Trump doing mafia style threats again:

    “If he loses, we are not going to be generous with Argentina,” Trump told reporters. “I think he’s going to win, and if he wins, we’re staying with him, and if he doesn’t win, we’re gone.”

    Lawmaker Margarita Stolbizer:

    “Trump tells us Argentines that if we don’t vote for Milei, we’ll be punished,” she added. "The interference is absolute, the libertarian surrender is total.

    • hedgehogging_the_bed@lemmy.worldEnglish
      39·
      11 days ago

      Argentinian government debt is mostly owned by big American investment firms like Black Rock. If their economy crashes, American Oligarchs lose $$$$ so they convinced Trump this is in his best interests.

    • az04@lemmy.worldEnglish
      51·
      11 days ago

      I think that article is not well researched. Devaluing the currency causes inflation (in Argentina’s case), not the opposite. In fact, Milei did not sufficiently devalue the peso, because devaluing further would have caused more inflation. It’s exactly because he did not sufficiently devalue that the peso is now in crisis.

      I don’t know about the other ones, but under Milei housing listings have become cheaper, when adjusted for inflation.

    • Getitupinyerstuffin'@lemmy.worldEnglish
      116·
      11 days ago

      Im all about Milei. Im all about reducing the size of bloated governments and frivolous spending. Governments love to pay useless people to do useless and many times redundant work. I understanding these are people with jobs and paychecks, and people should be able to have a good job and pay check, but not pointlessly and at the expense of the tax payers.

      • xyzzy@lemmy.todayEnglish
        12·
        11 days ago

        What do you do? Let me judge how useless you are and how useless your job is.