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No ‘Landslide Victory’ for Milei
Argentina's right-libertarian president is rejoicing. But, it's Donald Trump who has the most reason to celebrate — because Javier Milei is dependent on him.
Argentinian right-libertarian President Javier Milei is rejoicing. In the midterm election, his coalition government, La Libertad Avanza, received more than 40% of the vote. This had seemed unlikely — for months, there had been one scandal after another. The economy was sliding into recession, unemployment was rising, the central bank was drifting right into bankruptcy before the U.S. Treasury Department effectively took it over, which at the same time calls into question the sovereignty of the South American country. Thus, everything was in place for a crushing defeat on Sunday; however, something different happened.
U.S. President Donald Trump was also the first to congratulate the libertarian president on his "landslide victory" and surely himself for his own good instincts. "Congratulations to President Javier Milei on his landslide victory in Argentina. He is doing a wonderful job! Our confidence in him was justified by the people of Argentina," Trump posted on his social media platform, Truth Social. Dealmaker Trump knows when to invest a few million.
However, the Peronist governor of Buenos Aires Province, Axel Kiciloff, is right when he says that at 40%, six out of 10 Argentinians did not vote for Milei. Which means that if you consider the low voter turnout of 68% of the 36 million electorate, the approval rating is even lower. This is no landslide victory. A minority has given the libertarian president a reprieve in the absence of a better alternative. The Peronist campaign slogan, "Frenamos a Milei" ("Let's Stop Milei"), was anything but an attractive promise for the future.
However, U.S. President Trump can still be pleased; Milei depends on his support, and he will soon be joined by Bolivia's new conservative president, Rodrigo Paz Pereira, who has already announced that he intends to resume diplomatic relations with the U.S. Also, it's possible that after the Chilean presidential election in November, the far-right José Antonio Kast, who has a good chance of victory against Communist Jeannette Jara, will also join him. Should all of this come to pass, then Trump would have three allies in Argentina, Bolivia and Chile, which together own the important lithium triangle and the largest copper mines in South America.
Argentinian right-libertarian President Javier Milei is rejoicing. In the midterm election, his coalition government, La Libertad Avanza, received more than 40% of the vote. This had seemed unlikely — for months, there had been one scandal after another. The economy was sliding into recession, unemployment was rising, the central bank was drifting right into bankruptcy before the U.S. Treasury Department effectively took it over, which at the same time calls into question the sovereignty of the South American country. Thus, everything was in place for a crushing defeat on Sunday; however, something different happened.
U.S. President Donald Trump was also the first to congratulate the libertarian president on his "landslide victory" and surely himself for his own good instincts. "Congratulations to President Javier Milei on his landslide victory in Argentina. He is doing a wonderful job! Our confidence in him was justified by the people of Argentina," Trump posted on his social media platform, Truth Social. Dealmaker Trump knows when to invest a few million.
However, the Peronist governor of Buenos Aires Province, Axel Kiciloff, is right when he says that at 40%, six out of 10 Argentinians did not vote for Milei. Which means that if you consider the low voter turnout of 68% of the 36 million electorate, the approval rating is even lower. This is no landslide victory. A minority has given the libertarian president a reprieve in the absence of a better alternative. The Peronist campaign slogan, "Frenamos a Milei" ("Let's Stop Milei"), was anything but an attractive promise for the future.
However, U.S. President Trump can still be pleased; Milei depends on his support, and he will soon be joined by Bolivia's new conservative president, Rodrigo Paz Pereira, who has already announced that he intends to resume diplomatic relations with the U.S. Also, it's possible that after the Chilean presidential election in November, the far-right José Antonio Kast, who has a good chance of victory against Communist Jeannette Jara, will also join him. Should all of this come to pass, then Trump would have three allies in Argentina, Bolivia and Chile, which together own the important lithium triangle and the largest copper mines in South America.
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