The Fort Worth Press - In Argentine farm town, Milei mania fizzles

USD -
AED 3.672499
AFN 63.000249
ALL 81.51445
AMD 371.778334
ANG 1.789884
AOA 917.999742
ARS 1398.232103
AUD 1.400472
AWG 1.80125
AZN 1.673613
BAM 1.67081
BBD 2.013677
BDT 122.673182
BGN 1.668102
BHD 0.377816
BIF 2973.884964
BMD 1
BND 1.277134
BOB 6.908482
BRL 5.026901
BSD 0.999748
BTN 94.17433
BWP 13.541889
BYN 2.832162
BYR 19600
BZD 2.010772
CAD 1.36836
CDF 2312.999964
CHF 0.78602
CLF 0.022772
CLP 896.170234
CNY 6.826501
CNH 6.834305
COP 3564.78
CRC 454.982295
CUC 1
CUP 26.5
CVE 94.197699
CZK 20.819899
DJF 178.037665
DKK 6.383585
DOP 59.559709
DZD 132.541037
EGP 52.613894
ERN 15
ETB 154.557616
EUR 0.85422
FJD 2.20465
FKP 0.741029
GBP 0.740545
GEL 2.684958
GGP 0.741029
GHS 11.099531
GIP 0.741029
GMD 73.493302
GNF 8775.916418
GTQ 7.643154
GYD 209.167133
HKD 7.83457
HNL 26.566831
HRK 6.434978
HTG 130.89126
HUF 311.75899
IDR 17241.05
ILS 2.98605
IMP 0.741029
INR 94.19245
IQD 1309.675849
IRR 1318049.9998
ISK 122.8302
JEP 0.741029
JMD 157.781204
JOD 0.709014
JPY 159.554972
KES 129.350271
KGS 87.403201
KHR 4005.672353
KMF 422.000125
KPW 900.025942
KRW 1479.109792
KWD 0.307803
KYD 0.83317
KZT 464.413397
LAK 21907.662343
LBP 89529.724327
LKR 318.684088
LRD 183.454497
LSL 16.624864
LTL 2.95274
LVL 0.60489
LYD 6.344053
MAD 9.250234
MDL 17.386104
MGA 4154.297601
MKD 52.649338
MMK 2099.863185
MNT 3580.436774
MOP 8.068154
MRU 39.902955
MUR 46.830442
MVR 15.459782
MWK 1733.655678
MXN 17.41313
MYR 3.964948
MZN 63.912179
NAD 16.624864
NGN 1355.21021
NIO 36.793255
NOK 9.3434
NPR 150.678928
NZD 1.703475
OMR 0.384489
PAB 0.999748
PEN 3.466357
PGK 4.339785
PHP 60.713016
PKR 278.710741
PLN 3.623095
PYG 6339.538182
QAR 3.644635
RON 4.348399
RSD 100.304974
RUB 75.245848
RWF 1461.31438
SAR 3.750721
SBD 8.048583
SCR 14.337306
SDG 600.50029
SEK 9.24409
SGD 1.27694
SHP 0.746601
SLE 24.60087
SLL 20969.496166
SOS 571.335822
SRD 37.4635
STD 20697.981008
STN 20.929527
SVC 8.747726
SYP 110.562389
SZL 16.618116
THB 32.352504
TJS 9.39787
TMT 3.505
TND 2.919455
TOP 2.40776
TRY 45.025299
TTD 6.789739
TWD 31.4675
TZS 2602.492828
UAH 44.056743
UGX 3719.475993
UYU 39.60396
UZS 12011.891439
VES 482.733725
VND 26359
VUV 117.829836
WST 2.712269
XAF 560.364432
XAG 0.013195
XAU 0.000212
XCD 2.70255
XCG 1.801819
XDR 0.696601
XOF 560.385974
XPF 101.880248
YER 238.625018
ZAR 16.56377
ZMK 9001.199134
ZMW 18.920373
ZWL 321.999592
  • CMSC

    0.0200

    22.93

    +0.09%

  • RYCEF

    -0.1900

    15.35

    -1.24%

  • RIO

    0.9500

    99.8

    +0.95%

  • NGG

    0.4700

    87.43

    +0.54%

  • RBGPF

    63.0000

    63

    +100%

  • AZN

    -3.1500

    189.15

    -1.67%

  • GSK

    -0.9750

    54.655

    -1.78%

  • BTI

    0.8950

    58.175

    +1.54%

  • RELX

    0.3100

    36.44

    +0.85%

  • CMSD

    0.0800

    23.31

    +0.34%

  • JRI

    0.0250

    12.905

    +0.19%

  • BCC

    0.2500

    84.07

    +0.3%

  • BP

    -0.3450

    46.005

    -0.75%

  • BCE

    -0.2600

    23.84

    -1.09%

  • VOD

    0.0350

    15.655

    +0.22%

In Argentine farm town, Milei mania fizzles
In Argentine farm town, Milei mania fizzles / Photo: © AFP

In Argentine farm town, Milei mania fizzles

For clues as to why Argentina's President Javier Milei faces a potential drubbing in next week's mid-terms, look no further than San Andres de Giles, a farming town set amid wheat fields two hours from Buenos Aires.

Text size:

The town known simply as Giles backed Milei for president in October 2023, when the 54-year-old economist and punk rocker swept to power as an outsider with a radical plan to fix Argentina's broken economy.

Milei won 58 percent of the vote in Giles, higher than his national average of 55.65 percent.

But the fervor he elicited there has since largely fizzled, an ominous sign for US President Donald Trump's closest South American ally, whose reform agenda hangs in the balance.

As she rearranges books in the town's brightly lit library, Jacqueline Garrahan says she feels betrayed by a president she believed would embody change.

Garrahan is a retired teacher but works at the library to supplement her pension of $600 a month in order to support her student daughter.

In 2023, she voted for Milei as the candidate most likely to oust the centre-left Peronist movement, which has dominated Argentine politics for most of the post-war period but been dogged by accusations of corruption.

"I thought he would put an end to corruption, and today I feel completely disappointed," she said, alluding to the Karina Milei scandal.

"A lot of people say the same thing: 'Now what do we do? Who do we vote for?"

- 'Aggressive' style -

The past few weeks have been bruising for Milei.

A year ago, he was being cheered by the global right for dramatically reducing inflation and erasing a 14-year budget deficit by force of severe austerity programs.

But in the past month, Milei has had to be bailed out twice by the Trump administration to try to halt a run on the national currency, the peso, triggered by his party's trouncing by the center-left in the Buenos Aires provincial polls last month.

A corruption scandal involving his sister and right-hand woman, Karina Milei, and revelations that one of his top candidates in the midterms received payments from a suspected drug trafficker have further taken the shine off Milei's presidency.

In September, voters in Giles punished him by backing the Peronist party in elections to the Buenos Aires provincial legislature.

For Garrahan, who still defines herself as anti-Peronist, Milei's cardinal sin was to refuse to adjust the budgets of the country's cherished public universities to reflect high inflation.

She and many other voters have also been turned off by his inflammatory rhetoric targeting journalists, whom he says "we don't hate enough," and "degenerate prosecutors," among others.

"He's violent, aggressive," she said.

- 'We can't plan ahead' -

Milei, whose party is in a minority in parliament, needs to pick up a big chunk of seats in both houses of parliament on October 26 to be able to pass legislation and reassure markets about the future of his reforms.

But "with a depressed economy, corruption scandals, and considerable uncertainty about how things will be managed from October onward, it's very likely that Milei will be much less seductive," Gabriel Vommaro, a sociologist at the National University of San Martin, told AFP.

The political uncertainty is weighing on grain producers in South America's breadbasket.

Aldana Guanzini, 37, a producer of soybeans, corn, and wheat in Giles, who exports 80 percent of her harvest, was delighted when Milei eliminated export taxes in September, in order to boost sales and bring in much-needed dollars.

The relief was short-lived, however: three days later, after the government had reached its dollar target, the taxes were reinstated.

For Guanzini, who like many farmers backed Milei in 2023, the flip-flopping has been excruciating.

"We are living complete uncertainty. We can't plan ahead," she complained.

J.M.Ellis--TFWP