Tag: Argentina

America Needs A History Lesson

This history lesson happened in Argentina, it could happen in the U.S.

The Democrat Party leaders of today are guilty of more than stupidity; they are enslaving future generations to poverty and misery. And they will be long gone when it all implodes. They will be dead and as cold as Juan Perón when the piper ultimately must be paid.

Growing up in 1940s , ’50s, and  ’60s, on Saturdays we always went to the movies matinee. I remember like it was yesterday, the news was  a big deal for me, it was always shown right after the cartoons and  before the main attraction. I can remember it always had a lot of news about what was going on in Argentina, the good and bad. I always thought  it was a beautiful country and it was so sad what was going on there. I would think about whether or not that could happen to America. Yes, it can. I see and read about the crap here  just as I saw in the news  clips at the movies about Argentina.

In the early 20th century, Argentina was one of the richest countries in the world. While Great Britain’s maritime power and its far-flung empire had propelled it to a dominant position among the world’s industrialized nations, only the United States challenged Argentina for the position of the world’s second-most powerful economy.

 

 

 

 

 

 

 

 

The Argentine Republic was established after independence from Spain in 1816. Democratic rule was often interrupted by military coups. The end of Juan Peron’s authoritarian rule in 1955 led to a series of right-wing military dictatorships, and left-wing and nationalist violence. Argentina returned to elected civilian rule in 1983 after seven years of vicious repression of suspected leftist guerrillas and other dissidents.

Like the United States, Argentina was blessed with abundant agriculture, vast swaths of rich farmland laced with navigable rivers, and an accessible port system.  Its level of industrialization was higher than many European countries; railroads, automobiles, and telephones were commonplace.

Known as “the father of the poor,” Hipolito Irigoyen was Argentina’s first president elected by its citizenry. He held the office twice, from 1916 to 1922, and from 1928 to 1930.He was active in social reforms for the poor and working class, including improving factory conditions, regulating work hours, and pushing for pensions. Hipólito Irigoyen had formed a party called The Radicals under the banner of “fundamental change” with an appeal to the middle class.He was driven out of office during his second term by military coup.

Among Irigoyen’s changes: mandatory pension insurance, mandatory health insurance, and support for low-income housing construction to stimulate the economy.  Put simply, the state assumed economic control of a vast swath of the country’s operations and began assessing new payroll taxes to fund its efforts.

Democrats Were Anti-Civil Rights

With an increasing flow of funds into these entitlement programs, the government’s payouts soon became overly generous.  Before long, its outlays surpassed the value of the taxpayers’ contributions.  Put simply, it quickly became under-funded, much like the United States’ Social Security and Medicare programs.

The death knell for the Argentine economy, however, came with the election of Juan Perón.  Perón had a fascist and corporatist upbringing; he and his charismatic wife, Eva, aimed their populist rhetoric at the nation’s rich.

 

 

Juan Domingo Peron (1895-1974) was an Argentine General and diplomat who was elected to serve as President of Argentina on three occasions (1946, 1951, and 1973). An extraordinarily skilled politician, he had millions of supporters even during his years of exile (1955-1973).

His policies were mostly populist and tended to favor the working classes, who embraced him and made him without question the most influential Argentine politician of the 20th Century. Eva “Evita” Duarte de Peron, his second wife, was an important factor in his success and influence. This targeted group “swiftly expanded to cover most of the propertied middle classes, who became an enemy to be defeated and humiliated.”

First Term, 1946-1951

Perón proved to be an able administrator during his first term. His goals were increased employment and economic growth, international sovereignty and social justice. He nationalized banks and railways, centralized the grain industry and raised worker wages. He put a time limit on daily hours worked and instituted a mandatory Sundays-off policy for most jobs. He paid off foreign debts and built many public works such as schools and hospitals. Internationally, he declared a “third way” between the Cold War powers and managed to have good diplomatic relations with both the United States and the Soviet Union.

Second Term, 1951-1955

Peron’s problems began in his second term. Evita passed away in 1952. The economy stagnated, and the working class began to lose faith in Peron. His opposition, mostly conservatives who disapproved of his economic and social policies, began to get bolder.

High taxes and economic mismanagement took their inevitable toll even after Perón had been driven from office.  However, his populist rhetoric and “contempt for economic realities” lived on.  Argentina’s federal government continued to spend far beyond its means.

After attempting to legalize prostitution and divorce, he was excommunicated. When he held a rally in protest, opponents in the military launched a coup which included the Argentine Air Force and Navy bombing the Plaza de Mayo during the protest, killing almost 400. On September 16, 1955, military leaders seized power in Cordoba and were able to drive Peron out on the 19th.

Socialism Spends What Capitalism Earns

 

 

Hyperinflation exploded in 1989, the final stage of a process characterized by “industrial protectionism, redistribution of income based on increased wages, and growing state intervention in the economy.

 

The Argentinian government’s practice of printing money to pay off its public debts had crushed the economy.  Inflation hit 3000%, reminiscent of the Weimar Republic.  Food riots were rampant; stores were looted; the country descended into chaos.

 

By 1994, Argentina’s public pensions — the equivalent of Social Security — had imploded.  The payroll tax had increased from 5% to 26%, but it was not enough.  In addition, Argentina had implemented a value-added tax (VAT), new income taxes, a personal tax on wealth, and additional revenues based upon the sale of public enterprises.  These crushed the private sector, further damaging the economy.

 

A government-controlled “privatization” effort to rescue seniors’ pensions was attempted.  However, by 2001, those funds had also been raided by the government, the monies replaced by Argentina’s defaulted government bonds.

 

By 2001 – Economic crisis. Argentina makes history with the largest ever sovereign debt default of more than $80bn (£42bn). Peronist government of President Nestor Kirchner restores stability.

The 2001 Argentine economic and financial crisis has many parallels with the problems that some European countries are facing to-day.
Prior to the crisis, Argentina was suffering a deep recession, large levels of debt, twin deficits in the fiscal and current accounts, and the country had an overvalued currency but devaluation was not an option .

By 2002 -Government fiscal irresponsibility… induced a national economic crisis as severe as America’s Great Depression.”

In 1902, Argentina was one of the world’s richest countries.  Little more than a hundred years later, it is poverty-stricken, struggling to meet its debt obligations amidst a drought.

Venezuela proves just how bad things can get when socialism is embraced.

How’s Socialism Doing in Venezuela? …

How Socialism Ruined My Country

The Democrat Party’s populist plans for the U.S. cannot possibly work, because government bankrupts everything it touches.  History teaches us that Obama Care and unfunded entitlement programs will be utter, complete disasters.

The Socialist Democrat Party leaders of today are guilty of more than stupidity; they are enslaving future generations to poverty and misery.  And they will be long gone when it all implodes.  They will be as cold and dead as Juan Perón when the piper must ultimately be paid.

Democratic Socialism is Still Socialism

Today the Democratic Party are saying  we need to overhaul the DNC. The leaders are saying we are now in a populist era. The entire organization has to be reinvented from the ground up. The Democratic Party has become irrelevant to the lives of most people. It’s nothing but a giant fundraising machine. …The real struggle and the real question is: Will progressive populism prevail over authoritarian right-wing populism? One of the strongest and most powerful forces out there is a rejection of the status quo, a repudiation of politics as usual and a deep and profound distrust of elites, including the power structure of America. A new Democratic Party needs to lead on progressive populism.

So, as we begin, let us take inventory. We are a nation that has a government—not the other way around. And this makes us special among the nations of the Earth.

Looking at a speech from Ted Cruz

The idea that — the revolutionary idea that this country was founded upon, which is that our rights don’t come from man. They come from God Almighty. And that the purpose of the Constitution, as Thomas Jefferson put it, is to serve as chains to bind the mischief of government.

The incredible opportunity of the American dream, what has enabled millions of people from all over the world to come to America with nothing and to achieve anything. And then the American exceptionalism that has made this nation a clarion voice for freedom in the world, a shining city on a hill.

The American dream doesn’t come from what government does, it comes from what its government can’t do. What’s great about America is what its people do, its government often just gets in the way.

Today, I think, we have not forgotten our beginnings. Instead of Americans having a shared vision for America, we now have become a divided nation. A nation full of individuals and of groups, each of which has their own vision for their own individual futures,  you bet your  ass it has not a thing to do with this nation, it’s all about them..

 Socialists Democrats in the House have already called for at least 50 inquiries, said Rep. Elijah Cummings, D-Maryland, the top Democrat on the House Oversight and Government Reform Committee, the House’s chief government watchdog panel.

 Socialist Democrats Bernie Sanders, Alexandria Ocasio-Cortez and a handful of other politicians have called for wide-sweeping rapid change in the basic structure of the political, social, or economic system. They may be willing to resort to extreme methods, including the use of violence and revolution.

I have great faith in America and its people. This is a great country. If we live and work so as to enjoy the approval of a Divine Providence, we will endure as a nation. Without God’s help, we cannot long endure.

 

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