The popularity of the 59-year-old Peronist -- who is part of a bloc of left-leaning South American leaders including Evo Morales of Bolivia and Rafael Correa of Ecuador -- fell by 8.1 percentage points between August and July alone.Scapegoating doesn't always work...
The international bond market has shunned Argentina since its 2002 sovereign debt default and subsequent embrace of policies that emphasize state intervention in the markets and heavy government spending meant to stoke economic growth.
As recently as September last year, a month before winning her second term, Fernandez had 64.1 popularity while campaigning on promises of deepening the interventionist policy model of her late husband and predecessor as president, Nestor Kirchner.
Since then the economy has slowed, and the poll suggests most people are not buying Fernandez's argument that external factors, such as Europe's financial mess, are mostly to blame.
Argentina's economic activity was flat in June, according to the official EMAE index, which is a close proxy for gross domestic product.
Of those surveyed by Management and Fit, 44.5 percent said government policy was the main cause of the stagnation. Only 8.0 percent blamed it on spillover from sluggish world growth.
Sunday, August 26, 2012
Don't Vote For Me, Argentina
Bad news: Argentina's semi-hot socialist in chief isn't doing so well these days: