Black Day for Milei: Two setbacks in Congress and Cimbronazos in the exchange market that erodes its economic program

by Andrea
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El Periódico

An impressive crowd appropriated the city center of Buenos Aires to cornering President Javier Milei during an afternoon also marked by tremors in the exchange market. Thousands and thousands of people surrounded Congress While the Chamber of Deputies voted for a large majority to keep two laws vetoed by the capitalist anarco that guarantee the Financing of pediatric hospitals and national public universities. The opposition legislators in turn tried to disarm the engineering that allowed Milei to govern by decree during his first year. While the last word will be the Senate, the possibility of a new stumble would only increase the political weakness of the ultra -right.

La Libertad progresses, the television extermination party, has just lost by 14 points the legislative elections in the province of Buenos Aires, the most important in Argentina. That beating, added to the context of general hardshipthe lack of reservations in the Central Bank to contain the ascending price of the dollardo not seem to favor the perspectives of the ruling for the national parliamentary elections of the end of October. The mobilization dimension on Wednesday, which had its replicas in other Argentine cities, said De Un New social mood and a lower tolerance towards Milei. “He is no longer emperor”he wrote days ago Carlos Pagni, columnist of the newspaper ´la nation`. “The charm was lost, the spell. “ The president himself “is aware” that his economic program no longer awakens the same adhesion of 2024.

On the street and Congress is the place where disputes are staged. The Ministry of Security deployed 1700 uniformed. Those who marched in favor of the defense of the public university, hospitals and disabled do not constitute a cohesive collective. The same thing happens in Parliament. Do not bind love or political coincidence: barely The fright to a government whose central figures, the Milei brothers are both dotted with resonant corruption cases: the “cryptogate”, as the millionaire scam is known with digital assets that also investigates a legislative commission, and the plot of bribes in the National Disability Agency (Andis).

Questioned budget

The president tried without luck to anticipate the events when last Monday presented the national budget for 2026 in which contemplates models improvements to the salaries of university professors and expenses in the health sector. Milei defended the need to continue “The biggest adjustment in history“He called the Society to” not loosen “because” the worst has happened. “Seven years before, another right -wing president, Mauricio Macri, had said the same thing:” The worst has happened. “But the rectors of the main Argentine universities believe otherwise despite the official announcements: in a buried way greater pruning is contemplated. Insteadthe project that Milei had vetoed and promoted the deputies. and an initial salary increase of 40.8%, as well as research scholarships. The fiscal cost of that initiative is equivalent to 0.23% of GDP. The president considers that harmful figure. The budget does not include improvements to pensioners, who were also this Wednesday present at the Great March. In addition, it cuts the transfers to the provinces and the money received by the armed forces for the equipment.

Since he assumed, Milei set out to fight an economic and discursive battle with universities. They considered them centers of “Cultural Marxism “and” Woke ideology“. A recent survey realizes that 88.9% of those consulted have a positive assessment of that educational field. A 71.2% believe on its part that its stubbornness in vetoing the increase in budget items will negatively affect Milei’s image in the midst of an electoral process.

Recessive picture

The capitalist anarch is convinced that Argentina is waiting for a prosperity horizon to the extent that it does not touch the adjustment that, he said, is written on stone. ” And he added in this regard: “If we add the reforms that we want to carry out we could be talking about an annual annual growth of 7 or 8 % in a sustained way.” Growing these fees “would imply that in 10 years we would look like high -income countriesin 20 years we would be among the richest countries in the world and in 30 years we would be on the podium of world powers“. The Milei yearnings do not sympathize with the present of a country where 15,000 small and medium enterprises were lost and almost 300,000 jobs between public and private since it took the reins of the Executive. The Peronist deputy (opponent), described the head of state as a” liar, cynical and cruel “state. In a year: consumption contracted 1.1%. “The probability that the country enters recession was fired 98.61% in August”said the newspaper ´Ambito Financiero`. The proof that the Central Bank is offered for days. The reserves of the monetary entity are scarce and are not in a position to face successive tremors in the market.

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