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Latin America

GatoGordo

(2,412 posts)

3. The tax structure was untenable. He inherited it from the Kirchners

Reply to awesomerwb1 (Reply #1)

Tue May 8, 2018, 03:21 PM

May 2018

Businesses and jobs were fleeing en masse. Record unemployment, hyper-inflation and corruption to its core. The Kirchners (Peronists) looted the country for their well connected corporate friends before being voted from power. Epic spending with no logical way of paying down that debt. Look what has happened all over Latin America as examples. Nicaragua, Brazil, Venezuela... Bolivia is next.

It happens. Obama inherited the mess left behind by Bush II. Hopefully the mess in Argentina can be turned around sooner rather than later.

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Argentina in talks with IMF for $30 billion bailout [View all] sandensea May 2018 OP

So this idiot had a deficit and then proceeded to cut corporate taxes?? awesomerwb1 May 2018 #1

+1 sandensea May 2018 #2

The tax structure was untenable. He inherited it from the Kirchners GatoGordo May 2018 #3

Macri is a lot like Dubya. But you're describing de la Rua (another IMF fan) - not the Kirchner era. sandensea May 2018 #4

Very informative and well documented post sandensea. awesomerwb1 May 2018 #5

You're welcome. sandensea May 2018 #6