June 18, 2014
Reuters wants its readers to believe that “analysis-wary Argentines” are disgusted with their government’s economic policies as “jobs [are] becoming harder to find.” While there is little doubt that Argentina is experiencing difficult economic times, it certainly is doing much better than countries that have followed an austerity path, like Greece, Spain, and Portugal, all of which are experiencing double-digit unemployment rates.
In fact, Argentina’s 7.6 percent unemployment rate is less than half of its own double-digit rates in the mid-1990s. Back then we were told that Carlos Menem was re-elected based on the success of his economic reforms.
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