Javier Milei won the presidency in Argentina's election, promising to shake up the state in response to economic issues.

Anchor/Reporter

Trump-like Milei elected president of Argentina by biggest margin in 40 years

Nov 20, 2023

By Karah Rucker (Anchor/Reporter), Brent Jabbour (Producer), Zachary Hill (Video Editor)

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Javier Milei has been described an an outsider and a far-right populist, and as of Nov. 19, he is Argentina’s next president. The 53-year-old libertarian secured his victory with 56% of the vote, surpassing his left-wing challenger, Sergio Massa, who received 44%.

The Argentine president-elect secured the widest victory margin in 40 years.

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Milei, a former TV personality often likened to former President Donald Trump, is set to face significant challenges in his new role. Argentina’s economy is buckling under triple-digit inflation, rising poverty, massive debt and job shortages.

To solve the country’s economic crisis, Milei plans to close down the central bank, ditch the peso in favor of the U.S. dollar and slash spending.

Trump praised the new leader on his social media platform,Truth Social.

“The whole world was watching,” Trump said. “I am very proud of you. You will turn your Country around and truly Make Argentina Great Again!”

Leaders of surrounding countries have also largely praised Argentina’s new president-elect.

Tags: Argentina, Donald Trump, Economy, Election, Inflation, Javier Milei

KARAH RUCKER, ANCHOR

THIS IS JAVIER MILEI. ARGENTINA’S NEWLY ELECTED PRESIDENT. HE’S DESCRIBED IN THE HEADLINES AS A “TRUMP-LIKE RADICAL.” A “TRUMP-ADMIRING POPULIST.”

SOMEONE NICKNAMED “THE MADMAN” MILEI COMES FROM THE OUTSIDE. NO GOVERNMENT EXPERIENCE. A FORMER TELEVISION STAR. HIS RALLYING CAMPAIGN CRY? AN ARGENTINE VERSION OF “DRAIN THE SWAMP.” SOMEONE – QUITE SIMILAR TO FORMER PRESIDENT DONALD TRUMP – WHO SUPPORTED MILEI’S CAMPAIGN FOR PRESIDENCY. TRUMP – CONGRATULATING MILEI ON TRUTH SOCIAL.

Donald Trump:

“The whole world was watching! I am very proud of you. You will turn your Country around and truly Make Argentina Great Again!”

KAREN RUCKER

THE NEW LEADER OF ARGENTINA – IS INHERITING THE COUNTRY’S WORST ECONOMIC CRISIS IN TWO DECADES. THE PESO HAS TUMBLED. INFLATION HAS RISEN TO 140 PERCENT. MILEI RECEIVED 56 PERCENT OF THE VOTE – IN THE WIDEST VICTORY MARGIN IN 40 YEARS – PROMISING VOTERS HE WILL REFORM THE COUNTRY WITH A PLATFORM THAT INCLUDED EXTINGUISHING THE CENTRAL BANK.

AND PROMOTE SMALLER GOVERNMENT. IMAGES LIKE THESE HAVE GIVEN MILEI A REPUTATION PAINTED AS EXTREME – WIELDING CHAINSAWS AS A SYMBOL OF THE GOVERNMENT — SLASHING HE PLANS TO DO WHILE PRESIDENT OF ARGENTINA.

IT’S AN UNUSUAL LOOK IN LATIN AMERICA – MOST SURROUNDING COUNTRIES ARE DOMINATED BY LEFTIST LEADERS AND POLICIES – INCLUDING THE POWERHOUSE IN NEIGHBORING BRAZIL.

WITH MILEI AT THE HELM – A FAR RIGHT POWER NOW TAKES OVER LATIN AMERICA’S THIRD LARGEST ECONOMY. WHILE THERE HAVE ALREADY BEEN TENSIONS AND DIFFERENCES SHARED BETWEEN MILEI AND FELLOW WORLD LEADERS –

SURROUNDING COUNTRIES HAVE LARGELY WELCOMED THE OUTCOME OF THE ELECTION — PAIRING CAUTION WITH THEIR CONGRATULATIONS TO ARGENTINA’S NEW PRESIDENT.