Food for Thought on Argentina

<div class="MsoNormal" style="font-family: Times,"Times New Roman",serif; line-height: normal;"><span style="font-size: large;"><b>China, Argentina Using Economic Strategies Obama/U.S. Politicians Ignoring</b></span></div><div class="MsoNormal" style="font-family: Times,"Times New Roman",serif; line-height: normal;"><span style="font-size: large;"><br /></span></div><div class="MsoNormal" style="font-family: Times,"Times New Roman",serif; line-height: normal;"><span style="font-size: large;">Article by</span></div><div style="font-family: Times,"Times New Roman",serif;"><span style="font-size: large;"><b><span style="line-height: 115%;">Marc Chamot</span></b></span></div><div class="MsoNormal" style="font-family: Times,"Times New Roman",serif; line-height: normal;"><span style="font-size: large;">Article published with the permission of the author</span><br /><span style="font-size: large;">The original article appeared on www.examiner.com  </span></div><div class="MsoNormal" style="font-family: Times,"Times New Roman",serif; line-height: normal;"><span style="font-size: large;"><br /></span></div><div class="MsoNormal" style="font-family: Times,"Times New Roman",serif; line-height: normal;"><span style="font-size: large;"><b>China, Argentina Using Economic Trade Advantages & Strategies Obama/U.S. Politicians Ignoring in the Name of Free Trades, Pro-Globalization & Wall Street Profits:</b></span></div><div class="MsoNormal" style="font-family: Times,"Times New Roman",serif; line-height: normal; margin-bottom: 0in;"><span style="font-size: large;">Bureau of Labor Statistics says fewer Americans are now employed. According to stats, around January 2001, 123.5 million non-farm employees were working.  </span></div><div class="MsoNormal" style="font-family: Times,"Times New Roman",serif; line-height: normal; margin-bottom: 0in;"><span style="font-size: large;"><br /></span></div><div class="MsoNormal" style="font-family: Times,"Times New Roman",serif; line-height: normal; margin-bottom: 0in;"><span style="font-size: large;">In January 2008, employment rose to 138 million, and now it’s at lower levels than what it was in 2001. As of July 2011, it’s at current levels of only 131.2 million Americans employed.</span></div><div class="MsoNormal" style="font-family: Times,"Times New Roman",serif; line-height: normal; margin-bottom: 0in;"><span style="font-size: large;"><br /></span></div><div class="MsoNormal" style="font-family: Times,"Times New Roman",serif; line-height: normal; margin-bottom: 0in;"><span style="font-size: large;">Unemployment more than doubled than what it was ten years ago. In January 2001, unemployment was at 6%, then on October 2009 it was at its highest 15.6% and now it’s down to 13.9%. So basically growth has stagnated and USA Today had a team of economic experts to outline what could be done about JOBS.</span></div><div class="MsoNormal" style="font-family: Times,"Times New Roman",serif; line-height: normal; margin-bottom: 0in;"><span style="font-size: large;"><br /></span></div><div class="MsoNormal" style="font-family: Times,"Times New Roman",serif; line-height: normal; margin-bottom: 0in;"><span style="font-size: large;">Every advice involved in the U.S.A Today article, was spending more money to stimulate the economy.</span></div><div class="MsoNormal" style="font-family: Times,"Times New Roman",serif; line-height: normal; margin-bottom: 0in;"><span style="font-size: large;">Such as, providing states billions more, mainly to states that keep spending money like there was no tomorrow. California has just demonstrated what they can do with taxpayer’s money they don’t have, like granting millions of dollars for undocumented’s education. No, that won’t work.</span></div><div class="MsoNormal" style="font-family: Times,"Times New Roman",serif; line-height: normal; margin-bottom: 0in;"><span style="font-size: large;">Advertisement </span></div><div class="MsoNormal" style="font-family: Times,"Times New Roman",serif; line-height: normal; margin-bottom: 0in;"><span style="font-size: large;"><br /></span></div><div class="MsoNormal" style="font-family: Times,"Times New Roman",serif; line-height: normal; margin-bottom: 0in;"><span style="font-size: large;">Add workers at a discount or tax credit. Yes, that could work. But unfortunately, the nation is losing more tax money with this plan.</span></div><div class="MsoNormal" style="font-family: Times,"Times New Roman",serif; line-height: normal; margin-bottom: 0in;"><span style="font-size: large;"><br /></span></div><div class="MsoNormal" style="font-family: Times,"Times New Roman",serif; line-height: normal; margin-bottom: 0in;"><span style="font-size: large;">Share jobs to save jobs. No, I can’t see anybody taking 20% cut, if they didn’t have to.</span></div><div class="MsoNormal" style="font-family: Times,"Times New Roman",serif; line-height: normal; margin-bottom: 0in;"><span style="font-size: large;"><br /></span></div><div class="MsoNormal" style="font-family: Times,"Times New Roman",serif; line-height: normal; margin-bottom: 0in;"><span style="font-size: large;">Lower corporate taxes, most don’t pay taxes as it is, look at the General Electric tax scandal, they didn’t pay a dime after tax deductions through tax code loopholes. So what more do they want?</span></div><div class="MsoNormal" style="font-family: Times,"Times New Roman",serif; line-height: normal; margin-bottom: 0in;"><span style="font-size: large;"><br /></span></div><div class="MsoNormal" style="font-family: Times,"Times New Roman",serif; line-height: normal; margin-bottom: 0in;"><span style="font-size: large;">Train the Jobless. That would work, but that costs money.</span></div><div class="MsoNormal" style="font-family: Times,"Times New Roman",serif; line-height: normal; margin-bottom: 0in;"><span style="font-size: large;"><br /></span></div><div class="MsoNormal" style="font-family: Times,"Times New Roman",serif; line-height: normal; margin-bottom: 0in;"><span style="font-size: large;">Cutting the Red Tape, ease down on carbon regulations and restrictive FEES. Maybe, but it isn’t the whole solution.</span></div><div class="MsoNormal" style="font-family: Times,"Times New Roman",serif; line-height: normal; margin-bottom: 0in;"><span style="font-size: large;"><br /></span></div><div class="MsoNormal" style="font-family: Times,"Times New Roman",serif; line-height: normal; margin-bottom: 0in;"><span style="font-size: large;">Actually what is going to work? There’s a track record and this can be repeated here. It is what I have been writing about for the past four years.</span></div><div class="MsoNormal" style="font-family: Times,"Times New Roman",serif; line-height: normal; margin-bottom: 0in;"><span style="font-size: large;"><br /></span></div><div class="MsoNormal" style="font-family: Times,"Times New Roman",serif; line-height: normal; margin-bottom: 0in;"><span style="font-size: large;">I appreciate the New York Times coverage on things. It’s dubbed a left-wing liberal newspaper, but to me, it’s valuable source for information and another great source for my opinions and here’s the New York Time’s SOLUTION that pro-globalists and free traders don’t want to admit to; “<b style="color: yellow;"><i>The</i></b><span style="color: yellow;"> </span><b style="color: yellow;"><i>Argentine government intervened to keep the value of its currency low, which boosts local industry by making Argentina’s exports cheaper abroad while keeping foreign imports expensive.</i></b></span></div><div class="MsoNormal" style="color: yellow; font-family: Times,"Times New Roman",serif; line-height: normal; margin-bottom: 0.0001pt;"><span style="font-size: large;"><br /></span></div><div class="MsoNormal" style="color: yellow; font-family: Times,"Times New Roman",serif; line-height: normal; margin-bottom: 0.0001pt;"><span style="font-size: large;"><b><i>It then taxed those imports and exports, using the money to pay for a New Deal-like public works binge, increasing government spending to 25 percent of G.D.P. today from 14 percent in 2003. As a result, the country has 400,000 new low-income housing units, as well as a long-delayed, 235-mile highway between the northern cities of Rosario and Córdoba.</i></b></span></div><div class="MsoNormal" style="color: yellow; font-family: Times,"Times New Roman",serif; line-height: normal; margin-bottom: 0.0001pt;"><span style="font-size: large;"><br /></span></div><div class="MsoNormal" style="font-family: Times,"Times New Roman",serif; line-height: normal; margin-bottom: 0in;"><span style="font-size: large;"><b style="color: yellow;"><i>In Argentina unemployment has been cut to fewer than 8 percent today from over 20 percent in 2002, and the poverty level has fallen by almost half over the last decade.”</i></b></span></div><div class="MsoNormal" style="color: red; font-family: Times,"Times New Roman",serif; line-height: normal; margin-bottom: 0in;"><div class="MsoNormal" style="text-align: justify;"><span style="font-size: large;"><b><span class="hps"><span lang="ES" style="line-height: 115%;">El gobierno argentino</span></span><span lang="ES" style="line-height: 115%;"> <span class="hps">intervino para</span> <span class="hps">mantener el valor</span> <span class="hps">de su</span> <span class="hps">moneda</span> <span class="hps">baja</span>, lo que impulsa <span class="hps">la industria local</span> <span class="hps">por</span> <span class="hps">lo que</span> <span class="hps">las exportaciones de</span> <span class="hps">Argentina</span> <span class="hps">son más barato</span> <span class="hps">en el extranjero</span>, manteniendo <span class="hps">las importaciones extranjeras</span> <span class="hps">caro.</span></span></b></span></div><div class="MsoNormal" style="line-height: normal; margin-bottom: 0in; text-align: justify;"><span style="font-size: large;"><b><span lang="ES">Luego se ajustan los impuestos a las importaciones y exportaciones, utilizando el dinero para pagar por un nuevo acuerdo como exceso de obras públicas, el aumento del gasto público al 25 por ciento del PIB hoy del 14 por ciento en 2003. Como resultado, el país cuenta con 400.000 nuevas viviendas de bajos ingresos, así como una retrasada autopista de 235 millas entre las ciudades del norte de Rosario y Córdoba.</span></b></span></div><div class="MsoNormal" style="text-align: justify;"><span style="font-size: large;"><br /></span></div><span style="font-size: large;"><b> <span lang="ES" style="line-height: 115%;">En Argentina el desempleo se ha reducido a menos del 8 por ciento actual comparado con más del 20 por ciento en el 2002, y el nivel de pobreza se ha reducido casi a la mitad durante la última década ".</span></b></span></div><div class="MsoNormal" style="font-family: Times,"Times New Roman",serif; line-height: normal; margin-bottom: 0in;"><span style="font-size: large;"><b>And that’s WHAT China is doing too</b></span><span style="font-size: large;">, and that's why they are growing and were NOT. W<b>hile were heading the opposite way</b>, unlike the United States, imports is far cheaper and domestic products higher, and that’s KILLING our economic prosperities, advantages and JOBS for Americans.</span></div><div class="MsoNormal" style="font-family: Times,"Times New Roman",serif; line-height: normal; margin-bottom: 0in;"><span style="font-size: large;"><br /></span></div><div class="MsoNormal" style="font-family: Times,"Times New Roman",serif; line-height: normal; margin-bottom: 0in;"><span style="font-size: large;">Here’s more on expertly researched and expertly written and here comes one from Ian Mount’s in<a href="http://www.nytimes.com/2011/09/02/opinion/argentinas-turnaround-tango.html"><span style="color: blue;">Argentina Turnaround Tango</span></a>. <i> </i></span></div><div class="MsoNormal" style="font-family: Times,"Times New Roman",serif; line-height: normal; margin-bottom: 0.0001pt;"><span style="font-size: large;"><br /></span></div><div class="MsoNormal" style="color: yellow; font-family: Times,"Times New Roman",serif; line-height: normal; margin-bottom: 0.0001pt;"><span style="font-size: large;"><b><i>“ARGENTINA may seem like one of the last countries on earth to offer lessons for dealing with economic malaise. </i></b></span></div><div style="font-family: Times,"Times New Roman",serif;"><span style="font-size: large;"><b style="color: yellow;"> </b></span></div><div class="MsoNormal" style="color: yellow; font-family: Times,"Times New Roman",serif; line-height: normal; margin-bottom: 0.0001pt;"><span style="font-size: large;"><br /></span></div><div class="MsoNormal" style="color: yellow; font-family: Times,"Times New Roman",serif; line-height: normal; margin-bottom: 0.0001pt;"><span style="font-size: large;"><b><i>Once the eighth-largest economy in the world, it steadily slid through the 20th century, thanks to decades of repressive dictatorships and inconsistent market experiments. </i></b></span></div><div class="MsoNormal" style="color: yellow; font-family: Times,"Times New Roman",serif; line-height: normal; margin-bottom: 0.0001pt;"><span style="font-size: large;"><br /></span></div><div class="MsoNormal" style="color: yellow; font-family: Times,"Times New Roman",serif; line-height: normal; margin-bottom: 0.0001pt;"><span style="font-size: large;"><b><i>This ended ignominiously in 2001, when it defaulted on $100 billion in sovereign debt, plunging over half its 35 million people into poverty.</i></b></span></div><div class="MsoNormal" style="color: yellow; font-family: Times,"Times New Roman",serif; line-height: normal; margin-bottom: 0.0001pt;"><span style="font-size: large;"><br /></span></div><div class="MsoNormal" style="color: yellow; font-family: Times,"Times New Roman",serif; line-height: normal; margin-bottom: 0.0001pt;"><span style="font-size: large;"><b><i>That, at least, is the Argentina people know. Since then, it has performed an economic U-turn — an achievement largely unnoticed outside Latin America, but one that President Obama and Congress should look to for inspiration.</i></b></span></div><div class="MsoNormal" style="color: yellow; font-family: Times,"Times New Roman",serif; line-height: normal; margin-bottom: 0.0001pt;"><span style="font-size: large;"><br /></span></div><div class="MsoNormal" style="color: yellow; font-family: Times,"Times New Roman",serif; line-height: normal; margin-bottom: 0.0001pt;"><span style="font-size: large;"><b><i>Argentina is not without problems, but its recent <a href="http://tinyurl.com/3tj5hfr">economic record</a> speaks for itself: the economy has grown by over 6 percent a year for seven of the last eight years,unemployment has been cut to under 8 percent today from over 20 percent in 2002, and the poverty level has fallen by almost half over the last decade.</i></b></span></div><div class="MsoNormal" style="color: yellow; font-family: Times,"Times New Roman",serif; line-height: normal; margin-bottom: 0.0001pt;"><span style="font-size: large;"><br /></span></div><div class="MsoNormal" style="color: yellow; font-family: Times,"Times New Roman",serif; line-height: normal; margin-bottom: 0.0001pt;"><span style="font-size: large;"><b><i>The streets of Buenos Aires are choked with cars as Argentines are on track to buy some 800,000 new vehicles this year; the wine mecca of Mendoza is full of high-end tasting rooms, hotels and restaurants offering regional haute cuisine; and plasma TVs and BlackBerrys have become household staples among the urban middle class.</i></b></span></div><div class="MsoNormal" style="color: yellow; font-family: Times,"Times New Roman",serif; line-height: normal; margin-bottom: 0.0001pt;"><span style="font-size: large;"><br /></span></div><div class="MsoNormal" style="color: yellow; font-family: Times,"Times New Roman",serif; line-height: normal; margin-bottom: 0.0001pt;"><span style="font-size: large;"><b><i>Argentina has regained its prosperity partly out of dumb luck: a commodity price boom has vastly benefitted this soy, corn and wheat producer.</i></b></span></div><div class="MsoNormal" style="color: yellow; font-family: Times,"Times New Roman",serif; line-height: normal; margin-bottom: 0.0001pt;"><span style="font-size: large;"><br /></span></div><div class="MsoNormal" style="color: yellow; font-family: Times,"Times New Roman",serif; line-height: normal; margin-bottom: 0.0001pt;"><span style="font-size: large;"><b><i>But it has also prospered thanks to smart economic measures. The government intervened to keep the value of its currency low, which boosts local industry by making Argentina’s exports cheaper abroad while keeping foreign imports expensive.</i></b></span></div><div class="MsoNormal" style="color: yellow; font-family: Times,"Times New Roman",serif; line-height: normal; margin-bottom: 0.0001pt;"><span style="font-size: large;"><br /></span></div><div class="MsoNormal" style="color: yellow; font-family: Times,"Times New Roman",serif; line-height: normal; margin-bottom: 0.0001pt;"><span style="font-size: large;"><b><i>It then taxed those imports and exports, using the money to pay for a New Deal-like public works binge, increasing government spending to 25 percent of G.D.P. today from 14 percent in 2003. As a result, the country has 400,000 new low-income housing units, as well as a long-delayed, 235-mile highway between the northern cities of Rosario and Córdoba.</i></b></span></div><div class="MsoNormal" style="color: yellow; font-family: Times,"Times New Roman",serif; line-height: normal; margin-bottom: 0.0001pt;"><span style="font-size: large;"><br /></span></div><div class="MsoNormal" style="color: yellow; font-family: Times,"Times New Roman",serif; line-height: normal; margin-bottom: 0.0001pt;"><span style="font-size: large;"><b><i>It has also strengthened its social safety net: the Universal Child Allowance, started in 2009 with support from both the ruling party and the opposition, gives 1.9 million low-income families a monthly stipend of about $42 per child, which helps increase consumption.</i></b></span></div><div class="MsoNormal" style="color: yellow; font-family: Times,"Times New Roman",serif; line-height: normal; margin-bottom: 0.0001pt;"><span style="font-size: large;"><br /></span></div><div class="MsoNormal" style="color: yellow; font-family: Times,"Times New Roman",serif; line-height: normal; margin-bottom: 0.0001pt;"><span style="font-size: large;"><b><i>Because the amount depends in part on how often the child attends school, it is also likely to improve the country’s long-term educational performance. The results have also paid off politically: President Cristina Fernández de Kirchner recently won about 50 percent of the vote in an open primary against nine other presidential candidates.</i></b></span></div><div class="MsoNormal" style="color: yellow; font-family: Times,"Times New Roman",serif; line-height: normal; margin-bottom: 0.0001pt;"><span style="font-size: large;"><br /></span></div><div class="MsoNormal" style="color: yellow; font-family: Times,"Times New Roman",serif; line-height: normal; margin-bottom: 0.0001pt;"><span style="font-size: large;"><b><i>Why have Argentines embraced bigger government? In part because the preceding era showed how poorly austerity measures — the sort now being pushed by conservatives in the United States — promote growth.</i></b></span></div><div class="MsoNormal" style="color: yellow; font-family: Times,"Times New Roman",serif; line-height: normal; margin-bottom: 0.0001pt;"><span style="font-size: large;"><br /></span></div><div class="MsoNormal" style="color: yellow; font-family: Times,"Times New Roman",serif; line-height: normal; margin-bottom: 0.0001pt;"><span style="font-size: large;"><b><i>In the late 1990s, Argentina cut government spending drastically on the order of its lenders at the International Monetary Fund. Predictably, between 1998 and 2002, Argentina’s economy shrank by almost 20 percent. It was only after Argentina turned its back on these austerity demands, and defaulted on its debt, that it began to recover.”</i></b></span></div><div class="MsoNormal" style="color: yellow; font-family: Times,"Times New Roman",serif; line-height: normal; margin-bottom: 0.0001pt;"><span style="font-size: large;"><br /></span></div><div class="MsoNormal" style="font-family: Times,"Times New Roman",serif; line-height: normal; margin-bottom: 0in;"><div class="MsoNormal" style="color: red; line-height: normal; margin-bottom: 0.0001pt; text-align: justify;"><span lang="ES" style="font-size: large;">Aquí hay más de experta investigación y escrito por expertos y aquí viene una de Ian Mount en  Tango Turnaround  en Argentina.</span></div><span style="color: red; font-size: large;"> </span><br /><div class="MsoNormal" style="color: red; line-height: normal; margin-bottom: 0.0001pt;"><span lang="ES" style="font-size: large;">"ARGENTINA puede parecer uno de los últimos países en la tierra para ofrecer lecciones para tratar el malestar económico.<br /><br />Una vez la octava economía más grande del mundo, que se deslizó a través del siglo 20, gracias a décadas de dictaduras represivas y experimentos inconsistentes mercado.<br /><br />Esto terminó ignominiosamente en 2001, cuando dejo de pagar $ 100 billones en la deuda soberana, sumiendo a más de la mitad de sus 35 millones de personas en la pobreza.</span></div><span style="color: red; font-size: large;"> </span><br /><div class="MsoNormal" style="color: red; text-align: justify;"><span style="font-size: large;"><br /></span></div><span style="color: red; font-size: large;"> </span><br /><div class="MsoNormal" style="color: red; text-align: justify;"><span class="hps" style="font-size: large;"><span lang="ES" style="line-height: 115%;">Eso, al menos</span></span><span lang="ES" style="font-size: large; line-height: 115%;">, <span class="hps">es la Argentina que la gente</span> conoce. <span class="hps">Desde entonces, se</span> <span class="hps">ha realizado</span> <span class="hps">un</span> <span class="hps">cambio de sentido</span> <span class="hps">económico</span> <span class="hps">-</span> <span class="hps">un logro</span> <span class="hps">en gran medida inadvertido</span> <span class="hps">fuera de América Latina</span>, pero <span class="hps">que el presidente Obama</span> <span class="hps">y el Congreso</span> <span class="hps">deben mirar</span> <span class="hps">en busca de inspiración</span>.<br /><br /><span class="hps">Argentina</span> <span class="hps">no</span> <span class="hps">está exenta de problemas</span>, pero sus <span class="hps">resultados económicos</span> <span class="hps">recientes</span> <span class="hps">hablan por sí mismos</span>: <span class="hps">la economía ha crecido</span> <span class="hps">en más del 6</span> <span class="hps">por ciento al año</span> <span class="hps">durante siete</span> <span class="hps">de los últimos ocho</span> <span class="hps">años, el desempleo</span> <span class="hps">se ha reducido a</span> <span class="hps">menos del 8</span> <span class="hps">por ciento actual</span> <span class="hps">de más de 20</span> <span class="hps">por ciento en 2002</span>, <span class="hps">y</span> <span class="hps">el nivel de pobreza</span> <span class="hps">se ha reducido</span> <span class="hps">casi a la mitad</span> <span class="hps">durante la última década</span>.</span></div><span style="color: red; font-size: large;"> </span><br /><div class="MsoNormal" style="color: red; text-align: justify;"><span class="hps" style="font-size: large;"><span lang="ES" style="line-height: 115%;">Las calles</span></span><span lang="ES" style="font-size: large; line-height: 115%;"> <span class="hps">de Buenos Aires</span> <span class="hps">estan ahogadas por los</span> <span class="hps">coches,</span> <span class="hps">los argentinos</span> <span class="hps">están en vías de</span> <span class="hps">comprar</span> <span class="hps">unos 800.000</span> <span class="hps">vehículos nuevos</span> <span class="hps">este año</span>, <span class="hps">la meca</span> <span class="hps">del vino</span> <span class="hps">de Mendoza</span> <span class="hps">está llena</span> <span class="hps">de locales de degustación</span> <span class="hps">de alta gama</span>, <span class="hps">hoteles</span> <span class="hps">y restaurantes de</span> <span class="hps">alta cocina</span> <span class="hps">regional</span>, y <span class="hps">televisores de plasma</span> <span class="hps">y los BlackBerry</span> <span class="hps">se han convertido en</span> <span class="hps">productos básicos</span> <span class="hps">del hogar</span>, entre <span class="hps">la clase media urbana</span>.<br /><br /><span class="hps">Argentina</span> <span class="hps">ha recuperado su</span> <span class="hps">prosperidad</span> <span class="hps">en parte por</span> <span class="hps">cuestión de suerte</span>: <span class="hps">un</span> <span class="hps">auge de precios de</span> <span class="hps">las materias primas ha</span> <span class="hps">beneficiado</span> <span class="hps">enormemente</span> <span class="hps">a este productor</span> <span class="hps">de soja</span>, maíz y trigo.</span></div><span style="color: red; font-size: large;"> </span><br /><div class="MsoNormal" style="color: red; line-height: normal; margin-bottom: 0.0001pt; text-align: justify;"><span lang="ES" style="font-size: large;">También ha reforzado su red de seguridad social: la asignación universal por hijo, que comenzó en 2009 con el apoyo tanto del partido gobernante y la oposición, da a 1.900.000 familias de bajos ingresos un estipendio mensual de alrededor de US $ 42 por niño, lo cual ayuda a incrementar el consumo.<br /><br />Debido a que la cantidad depende en parte de la frecuencia con la que el niño asiste a la escuela, también es probable que mejore el país a largo plazo del rendimiento educativo. Los resultados también han dado sus frutos políticos: la presidenta Cristina Fernández de Kirchner ganó recientemente el 50 por ciento de los votos en una primaria abierta en contra de los nueve candidatos presidenciales.</span></div><span style="color: red; font-size: large;"> </span><br /><div class="MsoNormal" style="color: red; text-align: justify;"><span style="font-size: large;"><br /></span></div><span style="color: red; font-size: large;"> </span><br /><div class="MsoNormal" style="line-height: normal; margin-bottom: 0in; text-align: justify;"><span lang="ES" style="color: red; font-size: large;">¿Por qué tienen los argentinos abrazado un gobierno más grande? En parte debido a la época anterior demostró lo mal que las medidas de austeridad - del tipo que ahora son maniobradas por los conservadores en los Estados Unidos - promueven el crecimiento.<br /><br />A finales de 1990, Argentina redujo drásticamente el gasto público en el orden de sus acreedores en el Fondo Monetario Internacional. Como era de esperar, entre 1998 y 2002, la economía de Argentina se redujo en casi un 20 por ciento. Fue sólo después que Argentina dio la espalda a estas demandas de austeridad, y de pagar su deuda, que comenzó a recuperarse ".</span></div><div class="MsoNormal"><span style="font-size: large;"><br /></span></div><span style="font-size: large;">The bottom line folks, we have elected a whole bunch of politicians that have pro-global mindsets and they REFUSE to budge away from this type of thinking. They don’t care if it brings our nation to the brinks of ruin, and they will make sure foreign imports rule in U.S. markets.</span></div><div class="MsoNormal" style="font-family: Times,"Times New Roman",serif; line-height: normal; margin-bottom: 0in;"><span style="font-size: large;"><br /></span></div><div class="MsoNormal" style="font-family: Times,"Times New Roman",serif; line-height: normal; margin-bottom: 0in;"><span style="font-size: large;">That’s why in 2012, it is imperative we pursue more house cleaning in U.S. congress. Obama, Democrats, Republicans no matter who they are, they ALL NEED to go, they’ve done enough damage to our country.   </span></div>

Food for Thought on Argentina

China, Argentina Using Economic Strategies Obama/U.S. Politicians Ignoring Article by Marc Chamot Article published with the permission of t...

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