A $20 billion dollar bailout of the government of Argentina. Have we funded our own government yet? No? Hmm. Word has it that a couple of Trump billionaire friends are counting on bailing out Argentina. Like Putin’s Russia, we begin to resemble a criminal led enterprise. Oligarchs come first under President Trump. One of our resident trolls used to wax frequently about how the United States is led by a Uniparty. And anybody who did not recognize that fact was a fool and just plain stupid. Somehow, that troll visualizes Trump and an American billionaire oligarchy as the solution to his dastardly Uniparty! Can’t fix Stupid.
President Trump will host Javier Milei, the leader of Argentina, at the White House on Tuesday, just days after the United States agreed to move ahead with a major bailout of the Latin American nation.
The face-to-face meeting between the political allies comes after the Trump administration agreed to provide Argentina a $20 billion lifeline that would come in the form of a currency swap with the nation’s central bank, according to Treasury Secretary Scott Bessent. The details of the bailout remain unclear, but it could provide a political boost for Mr. Milei, who is hoping to
stave off a financial crisis and a political disaster for his party.
Last month, the self-proclaimed radical libertarian’s party was hit by a stunning loss in a key provincial election. Mr. Milei’s party faces another crucial midterm election later this month.
In Mr. Milei, Mr. Trump has found a political kindred spirit of sorts. He has described the Argentine leader as his
“favorite president,”and Mr. Milei was one of only two world leaders onstage at Mr. Trump’s inauguration.
But Mr. Trump’s bailout of Argentina could come with
political blowback. Democrats have seized on the bailout to accuse Mr. Trump of helping out a foreign government and wealthy investors while the U.S. government remains shut down.
Major hedge funds, including those led by friends of Mr. Bessent,could benefit financially from the administration’s lifeline for Argentina. Funds at various investment firms, including BlackRock, Fidelity and Pimco, are heavily invested in Argentina, as are investors who worked with Mr. Bessent when he was an investor for George Soros.
American farmers have also criticized the move, given that China has been buying soybeans from Argentine farmers instead of American growers this year.
Mr. Bessent had defended the lifeline, arguing that U.S. business leaders want to deepen ties with Argentina and that the move could help stabilize the Western Hemisphere.