Things That Matter

Argentina Has A New President And With An Economy On The Brink Here’s Why It’s So Important

As an economic crisis grips the country, and the Argentine Peso reaches new lows, the country has sworn in a new President who represents a return to formerly popular ideals. President Fernandez is seen as a token bearer of the Peronist movement and many welcome his return to power, along with that of the Vice President Cristina Fernandez de Kirchner (who herself served two terms as President.)

Argentinians are anxious for change and see the return to Peronist policies as their best chance at achieving success. However, not everyone is excited for the change in government, including neighboring governments in Brazil and Chile.

Last week, Argentina swore in its latest President and Vice President for a four year term.

Credit: Alberto Raggio / Agence Presse

Alberto Fernández was sworn in as president of Argentina, vowing to restore growth and redistribute wealth by reversing the austerity policies of his pro-business predecessor, Mauricio Macri.

The 60-year-old veteran politician led the nationalist Peronist coalition to victory in October’s election with promises that the state would provide for Argentines. In his speech Tuesday before a raucous Congress, he said his compatriots had rejected a four-year experiment with market reforms under Mr. Macri that started hopefully but ended with high inflation, indebtedness and a shrinking economy.

“Those who are trapped in poverty and marginality will be a top priority,” Mr. Fernández said after the presidential sash was placed over his shoulder. at the country’s ornate National Congress building. “We are receiving a fragile country, wounded and on its knees.”He vowed to protect the poorest Argentines through welfare policies including loans and support programs for the unemployed along with broader health and food assistance. Lawmakers and supporters chanted the “Peronist march,” a partisan anthem that declares loyalty to the working class and rejects foreign capital.

Cuban President Miguel Diaz-Canel traveled to Buenos Aires for the inauguration ceremony. Brazil’s President Jair Bolsonaro did not attend, however. Bolsonaro has disagreed with Fernandez publicly. This marks the first time since 2002 that a Brazilian president has not attended an inauguration in Argentina.

His election, along with that of Vice President Cristina Fernandez de Kirchner, marks a return to left-leaning Peronism.

Fernandez is considered part of the Peronist movement, which supports the political and social policies of the former general and President Juan Peron. Peron led Argentina from 1946 to 1955, and for two more years in the 1970s.

Yes, the same party as the much beloved Eva Perón.

The new president inherits a major economic crisis stemming from huge amounts of debt that is wearing down the Argentinian economy.

Credit: Albert Raggio / Agence Presse

Fernandez follows outgoing president Mauricio Macri, whose austerity policies aimed at cutting costs and paying debt were unpopular. It is unclear how new policies will affect the country’s creditors and farmers, whose grain exports are important to the economy.

Supporters of Fernandez hope he can beat down Argentina’s high inflation rate, which is near 50 percent. Poverty also is increasing as the economy remains in a recession.

Economic experts say his administration will need to hold talks with the International Monetary Fund to restructure more than $100 billion in loans.

But many are also looking to the President Fernandez to help bring change not only to Argentina but to the rest of Latin America with progressive policies such as legalized abortion.

He will send a bill to congress which, if approved, would make Argentina the first major Latin American nation with legalised abortion. The ruling in the 45 million-strong country would follow decisions by its much smaller neighbour Uruguay, which legalised the practice in 2012, and Cuba, in 1965.

“I am an activist for putting an end to the criminalisation of abortion,” Fernández said in an interview with the daily Página/12. “There’s going to be a bill of law sent by the president.”

The announcement would represent a major U-turn for official policy in Argentina, which has steadfastly opposed legalisation. A bill presented by women’s rights activists was rejected by the senate by 38 votes to 31 last year, after the president at the time, Mauricio Macri, refused to endorse it.

Fernández’s pledge was welcomed by equality campaigners in Argentina, where the struggle to end discrimination and violence against women has sparked a mass movement including a large number of women’s marches.

He’s already reversed sanctions against Venezuela’s Maduro regime.

The sanctions applied by Argentina against the regime of Nicolas Maduro within the framework of the Treaty of Reciprocal Assistance lasted less than a week.

Fernandez had announced that after his victory in the presidential elections, he would create a new mediating body led by Argentina, Mexico, and Uruguay; a kind of Contact Group that condemns sanctions calls for dialogue in Venezuela and abandons the measures taken within the framework of the Inter-American Treaty of Reciprocal Assistance (TIAR).

Meanwhile, his son (who is a famous drag queen) is lighting up social media with amazing inauguration looks.

Estanislao Fernández, the 24-year-old gay son of Argentina’s new president Alberto Fernández who is also a popular drag queen named Dyhzy, appeared at his father’s inauguration and stood for official photos with a rainbow pocket square which he later revealed to be a folded-up LGBTQ Pride flag. Argentine press and social media reacted immediately with messages of support after seeing the rainbow in his pocket.

Alberto Fernández has called his son “his greatest pride.”

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Pretty Damning: Trump Paid $750 in Federal Income Tax — He Even Wrote-Off That Sad Comb Over

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Pretty Damning: Trump Paid $750 in Federal Income Tax — He Even Wrote-Off That Sad Comb Over

BILL PUGLIANO / GETTY

After four long years, we finally know why Trump didn’t want to release his tax returns: abominably, he thought his terrible haircuts and adult age children were worthy of write-offs. Oh yeah… and the year he was elected he only paid $750.00.

Long before his 2016 presidential election bid, Trump dodged calls to reveal his tax returns. At the time of his bid, however, he refused to take part in a 40-year tradition carried out by presidential nominees to release tax returns to the public. During his initial run, Trump falsely claimed that he was unable to release his returns publicly while they were under audit, and throughout his presidency, he has avoided sharing them despite grand jury subpoenas. Fortunately, thanks to a piece published by The New York Times, they’re finally getting a chance to see the light of day.

On Sunday, The New York Times published the first of several reports examining Trump’s tax information.

In 2016, Trump became the first president since 1976 to not release his tax records. The decision promptly roused dismay and questions about whether the records carried “undisclosed conflicts of interest that may impair his ability to make impartial policy decisions.”

According to NYT’s latest exposé, Trump (a man who has long boasted about his wealth and has also claimed a net worth of billions of which he has also declared to be self-acquired) paid a mere total of $750 in federal income taxes in 2016 and 2017.

While the Times report did not cover 2018 and 2019 tax filings, the newspaper looked into 18 years of Trump’s tax returns. They also looked into his business dealings as far back as 2000 and found that in 10 of those years, the president of the United States failed to pay any income taxes “largely because he reported losing much more money than he made.”

The Times also revealed that Trump “racks up chronic losses that he aggressively employs to avoid paying taxes” despite millions in income and property. In a statement for the piece, Alan Garten an attorney for the Trump Organization claimed to the Times that “most, if not all, of the facts, appear to be inaccurate.” NoteL the Times underlined that Garten appeared to be “conflating income taxes with other federal taxes.”

According to the article, beginning in 2010, Trump had been given a $72.9 million tax refund from the IRS.

The Times article explains in detail how Trump has managed to handle his business and categorize his wealth. The paper found that most often, Trump claimed his expenses as deductions from his tax bill chalking them up to business expenses. These include nearly $70,000 in hairstyling costs for his time on NBC’s “The Apprentice” over $300,000 for landscaping of the Mar-a-Lago Club and $95,000 written off for hair and makeup done for his daughter Ivanka. That’s right, the president wrote off his own adult children.

Addressing the report, the Times noted that they would not include the actual tax documents in its coverage to avoid outing its sources.

“We are publishing this report because we believe citizens should understand as much as possible about their leaders and representatives — their priorities, their experiences and also their finances,” Times editor Dean Baquet wrote in an editor’s note. “Every president since the mid-1970s has made his tax information public. The tradition ensures that an official with the power to shake markets and change policy does not seek to benefit financially from his actions.”

In response to the reports, Trump called the story “fake news” during a White House press conference on Sunday.

Speaking about the piece, Trump bemoaned that the IRS “does not treat me well.” “It’s totally fake news. Made-up, fake,” he continued. “We went through the same stories, people you could’ve asked me the same questions four years ago. I had to litigate this and talk about it. Totally fake news… Actually, I paid tax, and you’ll see that as soon as my tax returns — it’s under audit,” Trump went onto explain. “They’ve been under audit for a long time. The IRS does not treat me well. … They don’t treat me well; they treat me very badly. You have people in the IRS, they treat me very, very badly…But they’re under audit. And when they’re not, I would be proud to show you, but that’s just fake news.”

It’s important to note that even an audit could not prevent Trump from releasing his tax records to the public.

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Joe Biden And President Donald Trump Are Battling It Out For Florida’s Crucial Latino Vote

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Joe Biden And President Donald Trump Are Battling It Out For Florida’s Crucial Latino Vote

joebiden / Instagram

Florida’s Latino vote is a crucial part of a winning strategy in the Sunshine State. The demographic shifts in recent years because of natural, financial, and governmental disasters has led to a big Puerto Rican diaspora in Florida. President Trump’s handling of the Hurricane Maria recovery has left Puerto Ricans upset with the administration.

Joe Biden and President Donald Trump are battling for Florida’s Latino voters.

Both the Democratic and Republican nominees are making concerted efforts to shore up Latino support in Florida. There are 3.1 million eligible Latino voters in the swing state and make up a crucial voting bloc. While a large number are conservative Cubans and Cuban-Americans, there are also other Latino communities representing different parts of Latin America.

The polling tells a story of two candidates locked in a heated race for the Latino vote in Florida.

Polls, like The Washington Post-ABC News poll, show Biden taking the lead with Latino voters in Florida. According to that poll, Biden is leading Trump 52 percent to 39 percent. However, Hillary Clinton won the Latino vote in Florida 62 percent to 35 percent in 2016. Clinton’s success with the Latino community of Florida shows that the Latino vote is not the only way to clinch the electoral college votes.

On the other hand, President Trump wants everyone to pay attention to one poll. President Trump is sharing a poll by The Washington Post and ABC News that shows him leading in Florida. According to the poll, Trump leads in Florida by 4 points.

The Latino community in southern Florida is being bombarded by a disinformation campaign.

The disinformation is aimed at Florida’s Latino voters and is peddling conspiracy theories against Biden. One of the most prominent examples of this disinformation was the racist and anti-Semitic insert published in a recent edition of the Miami Herald. The insert compared BLM protesters to Nazis but argued that Nazis were nicer since they didn’t steal anything.

Both candidates are pouring money into their campaign efforts in Florida. Both are spending time and money trying to court the Latino vote in an effort to win the key state.

Critics of the president are pointing to the sudden relief package to Puerto Rico is a grab for votes.

President Trump was harshly and fairly criticized after he didn’t respond to the natural disaster in Puerto Rico. The 2017 hurricane devastated the island and left millions without power for weeks. One of the most memorable moments of that time was President Trump throwing paper towels to Puerto Ricans recovering from the disaster.

President Trump, during an election, approved $13 billion in relief funds for Puerto Rico. Puerto Rican voters have not forgotten the three years it took for the president to approve relief funds to help rebuild the island after a devastating storm.

READ: The Miami Herald Apologizes For Including Racist, Anti-Semitic Insert In Newspaper

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