2/ The law would have imposed a sliding scale on soy exports. At the time, the rising price of the commodity was seen by the revenue hungry government as a means to increase spending while maintaining fiscal solvency.
Show this thread
1/ 10 years ago today, Resolución 125 was rejected in the Senate by then Vice President Cobos, a representative of the Radicales in the first #CFK government. It was a dramatic moment, as the VP cast the tie breaking vote against his own government.http://www.ambito.com/927631-cobos-recordo-la-noche-de-la-125-el-voto-no-positivo-la-relacion-con-cristina-y-armas-en-el-senado …
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3/ at the time, all the major agricultural producer gremios (organizations) aligned to blockade roads and limit deliveries of basic goods to the cities as a means to impose costs on the government. CFK relied on the powerful unions, like
#Moyano’s to defend the government.Show this thread -
4/ the failure of CFK to pass 125 into law was the first major loss for the Kirchners. It would precipitate the disappointing midterm election results in 2009 and put much of CFK’s first term on a bad footing. Her public image recovered after the death of Nestor in 2010.
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5/ CFK was not able to raise sufficient revenues to pay for her expansionary fiscal policy. Under her two terms, the country went from a twin surplus (budget and current account) to a unsustainable twin deficit that
#Argentina under@mauriciomacri still tackling with.Show this thread
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