Trump is bailing out Argentina. ‘America first’ is becoming 'Trump first'.

[MontyPython]

That is two entirely different subjects. Unless you WANT him to break the law he couldn't direct that 20 billion to SNAP if he wanted to.

No, you're right. My point - aside from the legality of all of it - is that Trump's "America First" policy does NOT jive with what he's doing with Argentina. Surely you agree with that?

 

[hog88]

Overview of US-Led Bailouts of Foreign Countries​

The United States has a long history of providing financial bailouts to foreign nations, often through direct loans, guarantees, or coordination with institutions like the International Monetary Fund (IMF), where the US holds significant influence as the largest shareholder. These interventions, dating back to the post-World War II era, aim to stabilize economies, prevent contagion, promote US strategic interests (e.g., countering communism or terrorism), and foster global trade. However, their effectiveness remains debated among economists, policymakers, and critics.


Historically, these bailouts have yielded mixed results: some have delivered clear economic and geopolitical benefits, accelerating recoveries and opening markets for US exports; others have prolonged crises through austerity measures, moral hazard (encouraging risky behavior by recipients expecting future rescues), and political backlash. Success often hinges on recipient-country reforms, the scale of aid relative to GDP, and alignment with US interests. Failures frequently stem from delayed debt restructuring, over-reliance on fiscal tightening, and ignoring local contexts.


Overall, while not uniformly "good" or "bad," evidence suggests they have been net positive for US policy when tied to strong conditionality and strategic goals (e.g., rebuilding allies), but detrimental when imposed without flexibility, leading to deeper recessions and eroded trust in multilateral institutions. A 2015 IMF literature review highlighted that bailouts can create a "Spiral of Doom" if austerity overlooks cultural and economic nuances. Recent analyses, like those from the Cato Institute, argue foreign aid (including bailouts) often retards growth by distorting incentives, while Brookings reviews find modest positive effects on growth (e.g., +1% per capita from sustained 10% GDP inflows).

Thanks Chat GPT.

Guess we all better get used to debating computer programs here on out.

 

[hog88]

No, you're right. My point - aside from the legality of all of it - is that Trump's "America First" policy does NOT jive with what he's doing with Argentina. Surely you agree with that?

No, I can't agree with that without more data. As you posted earlier "I actually support foreign bailouts, where appropriate", tell us why this particular bailout isn't appropriate?

Now, I will admit that I oppose this particular bailout simply because it's not going to benefit Argentina. It will only benefit US banking interests like most every other foreign bailout in our history. We need to stop guaranteeing loans to foreign governments, if banks, the IMF or World Bank wants to loan a struggling country money they need to be on the hook when the loan goes bad.

 

[Ritzwatch]

Which I agree with. But Donald's "America First" policy? Why are we dropping $20 BILLION on Argentina, while our government here is closed and SNAP folks won't be getting food?

I think advancing American interests above China’s in that region is a solid “America first” measure.

I do agree that govt should reopen and bills get paid. As I understand it, Rs have proposed a bill that continues govt funding at levels previously agreed upon by both parties as acceptable at the time it was passed.

I think the Congress should pass the bill continuing at current funding levels, and then deal with negotiations on what the spending levels should be for the next budget.

Prior shutdowns seem to have happened due to Rs being sore losers about Dems prevailing on spending. This one seems to be the reverse.

Ultimately, however, I don’t see Argentina support and the government shutdown as being related in terms of cause and effect.

 

[SpaceCoastVol]

For the love of God man.

I didn't have *advance* knowledge that Trump was going to do the currency swap. Did you?

Triggered apoplexy ^^^^^^^^^^^^^^^^^^^^^^^^^^


LOL

 

[hjeagle1vol]

For the love of God man.

I didn't have *advance* knowledge that Trump was going to do the currency swap. Did you?

Sounds like you need better financial advisors.
Shame you missed out on the big score
I’m dancin round like Big Bunny…might buy a new truck..haven’t decided on that or the Porsche yet.

 

[volfanhill]

No, you're right. My point - aside from the legality of all of it - is that Trump's "America First" policy does NOT jive with what he's doing with Argentina. Surely you agree with that?

His number one policy is “Turmp first” and he and Milei are buddies. His ass is kissed by him.

 

[MontyPython]

His number one policy is “Turmp first” and he and Milei are buddies. His ass is kissed by him.

This.

Donald spending our money to help a right wing politician a half a world away.

 

[FLVOL_79]

That is two entirely different subjects. Unless you WANT him to break the law he couldn't direct that 20 billion to SNAP if he wanted to.

Bro. When did following the law mean anything to Trump? Serious question.

 

[Cod]

It's just 20 Billion, wasn't this same board saying "it's just xx dollars, that's nothing" when Elon was cutting USAID.....??

 

[FLVOL_79]

Sounds like you need better financial advisors.
Shame you missed out on the big score
I’m dancin round like Big Bunny…might buy a new truck..haven’t decided on that or the Porsche yet.

You're finally gonna be able to get that 1999 Boxster you've been saving up for. Probably the best 2k you'll ever spend.

 

[LouderVol]

Seems to be cutting off any opportunity for China to intervene and gain a foothold there.

In other words, a continuation of American foreign policy since WWII - economic might leveraged to ensure security.

except for China buying more from Argentina because Argentina is selling less to America due to the tariffs.

Our socialist bailout of Argentina, and socialist tariffs, is letting China worm its way into Argentina via capitalism.

 

[LouderVol]

Thanks Chat GPT.

Guess we all better get used to debating computer programs here on out.

its probably who taught him about economics.

 

[FLVOL_79]

Thanks Chat GPT.

Guess we all better get used to debating computer programs here on out.

Debating online can be challenging since you lose the benefit of body language and tone of voice, but by following a few key strategies, you can make your arguments much more effective and constructive.

 

[BigOrangeMojo]

Debating online can be challenging since you lose the benefit of body language and tone of voice, but by following a few key strategies, you can make your arguments much more effective and constructive.

When are you going to follow those strategies?

 

[FLVOL_79]

When are you going to follow those strategies?

I didn't include any from Gemini. I don't debate online.