On Wednesday, U.S. Treasury Secretary Scott Bessent confirmed the U.S. is in talks to provide $20 billion to Milei. The announcement comes months after the Trump administration dismantled the U.S. Agency for International Development (USAID) in an effort to instead support programs aligned with Trump’s “America First” agenda.
Argentina is one of the biggest South American economies, and has notable natural resources, including oil, gas, uranium and lithium, which are often used in batteries.
Americans must love how much money Trump spends on his friends.
Probably not while grocery shopping, but still.
Plus it’s foreign aid.
Like they give to the Israelis. Who have Universal Healthcare.
Yes but they’re exterminating the untermenchen so we can have our master race; of course they get healthcare!
Where are all the Republicans upset at “foreign aid”? Handouts are only good for governments campaigning on austerity, and none for those actually trying to do something good for their people?
They do get upset about such things, but it’s not enough to move the needle. If you talk to them, they’re mad as hell about this administration, but no way in hell they’ll vote D. Because somehow the Democrats would be worse.
So Milei has dirt on the Tangerine Toddler like Putin does then?
Doubt it. He’s just trying to directly apply Reaganism to his country, which the Republicans obviously want to make look good.
Or Trump is trying to shake down Argentina while they’re in a tough spot. “We’ll give you a bailout if you give us open access to your mineral wealth, and promise to do some future favors when we ask.”
What happened to everyone claiming Milei was fixing the economy? Every other story I’ve read about Argentina has been a back and forth about how great everything is, versus how broken it is.
the fact they need a bailout will tell you exactly which of those news are BS
America first tho
The “Argentina first” attack ads write themselves.
Get in line, America. According to Trump’s priorities you’re currently maybe third or fourth on the list.
For some reason I was thinking of the Arizona iced tea ad from Atlanta but your idea is a lot easier to implement as a meme.
Eh, both start w/ A. You can’t expect Trump to read past the first letter…
The core problem is that Argentina has been overspending and oversubsidizing for decades. Milei’s solution here is to cut spending and jack up interest rates to crush the crippling inflation that’s a direct result of all of the money printing, which also wrecks the economy. It’s a painful process, but inflation is much lower. In fact, the black market value of the peso vs the official rate has been quite a bit different for years, and this recent collapse of the peso seems to be part of a re-alignment of those prices.
You can’t really fix decades of mismanagement with a couple years of correction, it’s going to take some years yet. Unemployment is something like 8%, and the fed benchmark rate is still >30%, way down from where it was but still quite high. What Milei should be doing is attacking the core problems, such as making the fed completely independent so the next admin can’t just print their way to popularity. Fixing this problem will take a few years yet, with some more pain in the short-term as interest rates remain.
An infusion of cash isn’t really what they need IMO. What they need is to get business going again. This cash infusion is nothing more than a political move to try to rescue Milei’s popularity and provide short-term relief. It’s not going to actually fix anything. If the US is going to offer anything, it should offer trade deals.
I heard its ALL going to a brand new fashionable dirty blonde wig.
Can you imagine if Milei went on the lam and they got to keep the bail…
I’m a way, isn’t that what libertarians do?
funnel all public funds to private corporations they partly own?
So much for not supporting foreign governments. No surprise it was all a lie like everything in this administration.
