In last month’s European elections, liberalism was rejected in one country after another. Now you can add Argentina to the list of countries going conservative.
Reuters reports: “Argentines cast ballots in congressional elections on Sunday and are expected to throw out allies of President Cristina Fernandez de Kirchner in a rejection of her interventionist economic policies and combative style.”
Fernandez is a leftist often compared to Hillary Clinton because she succeeded her husband, ex-President Nestor Kirchner. Under her rule, Argentina’s economy has stagnated after a six-year expansion. As a result, Fernandez has seen her approval rating fall to a mere 30%.
It appears that Fernandez’ Peronist party will lose its majority in Argentina’s lower house and barely cling to a majority in the Senate.
And she didn’t even have an auto industry to nationalize.