Argentina’s incumbent President Cristina Fernández de Kirchner re-election by a landslide 54,4% sends a message to other politicians: “bail the people instead of the banks; in the end, it pays better on the ballots”.
This is a message that the Big Media aren’t eager to spread, but the whisper has started to jump over the fence. Paul Krugman gives a hint here. He does it in his blog at the New York Times while the official report on the issue seems to know better than the Nobel laureate. Funny.
You can read a complete (not so long) report on Argentina’s figures since 2003 and the Kirchners’ way to a steady recovery after the 10+ years of neo-liberal policies that lead the country into a mess of stagnation, high unemployment, shrinking of its industrial base and the world’s biggest default until today.
If you prefer a brief of the conclusions of the paper, here is one.