{"id":83006,"date":"2023-10-22T21:33:49","date_gmt":"2023-10-23T01:33:49","guid":{"rendered":"https:\/\/cablemanpro.com\/wallstreetpr\/argentina-election-milei-underperforms-but-still-reaches-second-round-runoff-against-establishments-massa-83006"},"modified":"2023-10-22T21:33:49","modified_gmt":"2023-10-23T01:33:49","slug":"argentina-election-milei-underperforms-but-still-reaches-second-round-runoff-against-establishments-massa","status":"publish","type":"post","link":"https:\/\/cablemanpro.com\/wallstreetpr\/argentina-election-milei-underperforms-but-still-reaches-second-round-runoff-against-establishments-massa-83006","title":{"rendered":"Argentina election: Milei underperforms, but still reaches second round runoff against establishment&#8217;s Massa"},"content":{"rendered":"<div>\n<p><a href=\"https:\/\/www.foxnews.com\/category\/travel\/regions\/south-america\" target=\"_blank\" rel=\"noopener\">Argentines went to the polls<\/a> Sunday night in the first round of the presidential election which saw iconoclastic libertarian frontrunner Javier Milei face off against center-right former Minister of Security Patricia Bullrich, and current left-wing Minister of Economy Sergio Massa.<\/p>\n<p>While most political observers expected Milei and Massa to face off in a second round, surging anti-establishment rage had led some to at least contemplate the possibility of a first-round Milei knock-out blow.<\/p>\n<p>That scenario failed to materialize, as establishment candidate Sergio Massa overperformed: with 89% of the vote in, Massa led with 36.3%, followed by Milei with 30.2%, while Bullrich trailed in third at 23.8%.<\/p>\n<p>Milei was expected to fare better. Massa&#8217;s strong showing now sets up a hotly contested second round matchup on November 19, which will largely hinge on the decision made by nearly a quarter of Argentines who backed Bullrich.<\/p>\n<p>According to Argentine electoral law, a candidate needs 45% of the vote to win the first round outright, or 40% of the vote, with a 10 point margin of victory over the second place candidate.<\/p>\n<p><a href=\"https:\/\/www.foxnews.com\/world\/argentine-trump-leads-in-presidential-race-as-inflation-drives-voter-rage\" target=\"_blank\" rel=\"noopener\"><strong>FORMER ROCKER NICKNAMES \u2018ARGENTINE TRUMP\u2019 GAINS ELECTION STEAM WITH ANTI-SOCIALIST MESSAGE<\/strong><\/a><\/p>\n<p>Often incorrectly labeled &#8220;far-right&#8221; or &#8220;populist&#8221; by the international media, Milei is in fact a devout ideological libertarian whose Liberty Advances party has reshaped the political narrative in this South American nation of 45 million.<\/p>\n<p>Despite riding high on a thrilling victory in last year&#8217;s World Cup soccer final, once mighty Argentina has been plunged into economic malaise and despair, as inflation levels have exceeded triple digits, and over 40% of the nation now officially lives in poverty.<\/p>\n<p>Although he rejects the moniker &#8220;the Argentine Trump,&#8221; Milei has long drawn comparisons to the brash billionaire. Despite some ideological differences, Milei has also received strong backing from former <a href=\"https:\/\/www.foxnews.com\/world\/former-brazilian-president-jair-bolsonaro-gives-testimony-actions-related-jan-8-attacks\" target=\"_blank\" rel=\"noopener\">Brazilian President Jair Bolsonaro<\/a>. Both men share a burning disdain for socialism and Communism, and have been outspoken in their opposition to the Cuban, Nicaraguan, and Venezuelan dictatorships.<\/p>\n<p>In a sign of the seriousness with which the Argentine establishment views the Milei threat, the candidate was recently charged by prosecutors with <a href=\"https:\/\/www.foxnews.com\/world\/prosecutor-charges-argentine-trump-javier-milei-days-before-election\" target=\"_blank\" rel=\"noopener\">intentionally seeking to devalue the Argentine peso<\/a>, in what many perceived as a politically motivated prosecution.<\/p>\n<p>Current Vice President Cristina Kirchner, who has backed Massa in the contest, has herself long been the subject of a series of corruption and illicit enrichment investigations.<\/p>\n<p>Argentina has long been dominated by the Peronist party, which, in turn, has been dominated by the Kirchner family for the past quarter-century. Massa, who hails from the most moderate line in the Peronist coalition, was widely viewed as the party&#8217;s best chance to stay in power.\u00a0<\/p>\n<p>Nonetheless, in his current role overseeing the administration&#8217;s economic policy, he has had something of an albatross around his neck as the Argentine economy lies in ruins. His stronger-than-expected performance, at just over a third of the vote, may be a testament to the enduring strength of the nation&#8217;s Peronist movement.<\/p>\n<p>Additionally, <a href=\"https:\/\/www.foxnews.com\/world\/brazils-president-lula-stresses-geopolitical-significance-brics-expansion-decision\" target=\"_blank\" rel=\"noopener\">Brazilian President Lula da Silva<\/a> recently sent a top team of campaign strategists and communications specialists to revive Massa&#8217;s faltering campaign, and improve his messaging.<\/p>\n<p>In the course of the campaign, Milei frequently butted heads with fellow <a href=\"https:\/\/www.foxnews.com\/category\/person\/pope-francis\" target=\"_blank\" rel=\"noopener\">Argentine Pope Francis<\/a>, who he describes as a Communist pushing an ideologically destructive social justice message.\u00a0<\/p>\n<p>Polling was only allowed until a week before the election. Milei led by mid single digits in most polls, although they also indicated the race was tightening, with Milei and Massa each winning just under a third of the electorate.<\/p>\n<p>The average of the last 5 national polls showed Milei at 30.8%, and Massa at 30.7%, with Bullrich trailing in third at 24.1%. However, given Milei&#8217;s previously demonstrated capacity to outperform the polls, many analysts believed the first round polls could underestimate Milei&#8217;s true performance.<\/p>\n<p>Milei fared better with younger voters, and men, while Massa was preferred by older voters and women. As Argentina heads into a tight and contentious second round in a little less than a month, both candidates will be eager to court Bullrich voters.<\/p>\n<p>At this point, it appears unlikely that Bullrich would endorse either Milei or Massa, having significant differences with both candidates.<\/p>\n<p>Political analysts will likely be asking the following question: with Argentina&#8217;s economy in complete and utter freefall, and inflation pushing 140%, why did the Argentine electorate not evidence a greater turn against the ruling political party?<\/p>\n<p>Argentines now have a clear choice between two radically different alternatives: Massa representing the business-as-usual establishment, and Milei the anti-establishment free-market outsider.<\/p>\n<\/div>\n<p><a href=\"https:\/\/www.foxnews.com\/world\/argentina-election-milei-underperforms-still-reaches-second-round-runoff-against-establishment-massa\">Source &#8211; https:\/\/www.foxnews.com\/world\/argentina-election-milei-underperforms-still-reaches-second-round-runoff-against-establishment-massa <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Argentines went to the polls Sunday night in the first round of the presidential election which saw iconoclastic libertarian frontrunner Javier Milei face off against [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"twitter_2902945987_2902945987":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[16563],"tags":[],"stock_ticker":[],"class_list":["post-83006","post","type-post","status-publish","format-standard","hentry","category-market-news","entry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - 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