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    Argentine president wins landslide re-election

    BUENOS AIRES, Argentina (AP) — President Cristina Fernandez was re-elected in a landslide Sunday, winning with one of the widest victory margins in Argentina's history after her government spread the wealth of a booming economy.

    Fernandez had 53 percent of the vote after three-fourths of the polling stations reported nationwide. Her nearest challenger got just 17 percent. Interior Minister Florencio Randazzo predicted the president's share would rise as polls reported from her party's stronghold of densely populated Buenos Aires province.

    "Count on me to continue pursuing the project," Fernandez vowed in her victory speech. "All I want is to keep collaborating ... to keep Argentina growing. I want to keep changing history."

    Fernandez is Latin America's first woman to be re-elected as president, but the victory was personally bittersweet — the first without her husband and predecessor, Nestor Kirchner, who died of a heart attack last Oct. 27.

    "This is a strange night for me," she said, describing her mix of emotions. "This man who transformed Argentina led us all and gave everything he had and more ... Without him, without his valor and courage, it would have been impossible to get to this point."

    Thousands of jubilant, flag-waving people crowded into the capital's historic Plaza de Mayo to watch on a huge TV screen as she spoke from a downtown hotel, where her supporters interrupted so frequently with their chants that she lectured them as a mother would her children: "The worst that people can be is small. In history, you always must be bigger still — more generous, more thoughtful, more thankful."

    Then, she showed her teeth, vowing to protect Argentina from outside threats or special interests.

    "This woman isn't moved by any interest. The only thing that moves her is profound love for the country. Of that I'm responsible," Fernandez said.

    Later, she appeared in the plaza as well, giving a rousing, second victory speech, her amplified voice echoing through the capital as she called on Argentina's youth to dedicate themselves to social projects nationwide.

    Fernandez was on track to win a larger share of votes than any president since Argentina's democracy was restored in 1983, when Raul Alfonsin was elected with 52 percent.

    Her 36-point lead over Gov. Hermes Binner, who finished second, was wider even than the 30-point margin won by her strongman hero Juan Domingo Peron and his wife Isabel in 1973, although Peron also got an additional 7 percent of votes on a second ticket with a different vice presidential candidate that election, said Leandro Morganfield, a historian at the University of Buenos Aires.

    Fernandez's political coalition also hoped to regain enough seats in Congress to form new alliances and regain the control it lost in 2009. At play were 130 seats in the lower house and 24 in the Senate.

    Fernandez suffered high negative ratings early in her presidency, but soared in popularity as a widow by softening her usually combative tone and proving her ability to command loyalty or respect from an unruly political elite.

    Most voters polled beforehand said they wanted government stability to keep their financial situations improving in what has been one of Argentina's longest spells of economic growth in history.

    Fernandez, 58, chose her youthful, guitar-playing, long-haired economy minister, Amado Boudou, as her running mate. Together, the pair championed Argentina's approach to the global financial crisis: nationalize private pensions and use central bank reserves to increase government spending rather than impose austerity measures, and force investors in foreign debt to suffer before ordinary citizens.

    Argentina's world-record debt default in 2001 closed off most international lending, but it has kept the country booming ever since, with its economy expanding at twice the rate of Brazil's, economist Mark Weisbrot said.

    The country faces tough challenges in 2012: Its commodities exports are vulnerable to a global recession, and economic growth is forecast to slow sharply in the coming year. Declining revenues will make it harder to raise incomes to keep up with inflation. Argentina's central bank is under pressure to spend reserves to maintain the peso's value against the dollar, while also guarding against currency shocks that could threaten Argentina's all-important trade with Brazil.

    Boudou, 48, could now win attention as a potential successor to Fernandez, but navigating these storms will require much skill and good fortune.

    Opposition candidates blamed Fernandez for rising inflation and increasing crime and accused her of politically manipulating economic data and trying to use government power to quell media criticism.

    Former President Eduardo Duhalde, who fell from front-running rival to near-last in the polls, said in a dour closing speech that "the country is dancing on the Titanic," failing to prepare Argentina for another global economic crisis.

    But Weisbrot said Argentina is in far better shape than most countries in the region to face such problems.

    U.S. President Barack "Obama could take a lesson from this," said Weisbrot, co-director of the Center for Economic and Policy Research in Washington. "It's an old-fashioned message of democracy: You deliver what you promise and people vote for you. It's kind of forgotten here in the U.S."

    Binner, 68, a doctor and leader of a socialist party, said, "We know how to read the numbers, and we congratulate the lady president, but we also tell her that this force is Argentina's second-leading political force."

    Ricardo Alfonsin, 59, a lawyer and congressional deputy with the traditional Radical Civic Union party and son of the former president, had 12 percent; Alberto Rodriguez Saa, 52, an attorney and governor of San Luis province whose brother Adolfo was president for a week, had 8; Duhalde, who preceded Kirchner as president, had 6 and leftist former lawmaker Jorge Altamira, 69, and congresswoman Elisa Carrio 54, had 2.

    When Fernandez is inaugurated Dec. 10, her Front for Victory coalition will become the first political bloc to begin a third consecutive presidential term since 1928, when President Hipolito Yrigoyen of the Radical Civic Union took office, only to be toppled by a military coup two years later, Morganfield said.

    Fernandez appealed to Argentines not to allow the country "to be forced off course as has happened to us so often in our history."

    "We have to think of a different country, where whomever comes builds on top of what's already been done. That's the Argentina I dream of, where we have continuity of national political projects for the country."

    Nearly 78 percent of the nearly 29 million registered voters cast ballots in the country of 40 million.

    ___

    Michael Warren can be reached at www.twitter.com/mwarrenap

     
    • go time  •  Raleigh, United States  •  7 mths ago
      Argentina's approach to the global financial crisis: nationalize private pensions and use central bank reserves to increase government spending rather than impose austerity measures, and force investors in foreign debt to suffer before ordinary citizens.

      Argentina's world-record debt default in 2001 closed off most international lending, but it has kept the country booming ever since, with its economy expanding at twice the rate of Brazil's, economist Mark Weisbrot said.

      I guess the story that spending money or worrying about the public first won't work is a load of crap.
      • Micheal 7 mths ago
        no you retard they are writeing checks that they will not be able to cash. they WILL become top heavy and it will all come crashing down.
      • go time 7 mths ago
        And the aftermath of eight republicoid years plus three years of "no,no,no "will be crumpled up down there to break their fall, And don't call me a retard, you're the repuke living in OK.
        I hear that Satan owns the whole state and chose to live in hel and rent OK out to dummies.
    • Pathdoc  •  7 mths ago
      How could this happen?
      The western news for months said that it would be close and she may even lose.
      Who writes the western news anyway.
      • Micheal 7 mths ago
        funny how the extreme left seems to win like that huh? wonder how many dead people voted.
      • Yachtman 7 mths ago
        Michel: Go back to drink beer and watch Fox News. You do not know what you are talking about.
    • A Yahoo! User  •  Waynesboro, United States  •  7 mths ago
      A lesson to be learned here! Go ahead and say it, Americans have been and are stupid because look at what we had and what we got now. It's repetitive corruption that is coming to a head, a chance for the American people to pull together and put it to rest ......for good!
      Will we remain a stupid nation or are we going to get up and make some noise! Congressional Reform Act...no more repeating history! We have to make this change or forever be silenced....as for me..there's no place like home!
      • Micheal 7 mths ago
        wow you wear stupid really well. you think there is no corruptin their? you are a useful idiot then, its anywhere humans are #$%$ Why did you not cry when the dems had control of all branches of gov.? The same problem was there I think the only difference was it was your crooks there so you were ok with that.
      • Only The Truth 7 mths ago
        230 years of capitalism made this country the envy of the world. Of course we should change things so that we are a 2 bit dictatorship.
    • Huge  •  Havana, Cuba  •  7 mths ago
      How come is that US People has only two Parties ? Just one more than the old USSR.
      The Argentine election had 7 parties runing for President ...and this after the primary elections!
      • JuanM 7 mths ago
        Cuba has only one party. AND if you don't dance at that party, you get shot!!!
      • El Macho of America 7 mths ago
        USA has two parties.. just one more than Cuba.
      • Micheal 7 mths ago
        yea lets see arg. had 4 or 5 left wing parties man what a good choice.
    • Tony  •  7 mths ago
      Two things you won't see mentioned much in the mainstream media;

      1.Argentina has been closed off from most international lending since declaring its world-record debt default in 2001, but has been able to sustain booming growth ever since.

      2.Iceland is doing a lot better having defaulted and stiffed the international bankers.

      Greece should do the same.
      • angels 08 7 mths ago
        thdebtey never repayed back their
      • thinkingman 7 mths ago
        the US should follow the example.......it actually worked!!
      • L A 7 mths ago
        Wait 1. is in this article and Y! is the most visited news portal on the Internet. 2. That was on the news last year.
    • Timk  •  7 mths ago
      general paron.you are so right.and they have the people in the U S A. by the short and curlies.we owe all the money we have every month and they dont see at the federal level what the problem is.21% credit card rates is taking everything we use to use to start up new jobs.to big to fail cut it in half dose not do the trick in half again until we get competition again.with out it we are lost.
    • Lillian  •  Road Town, British Virgin Islands  •  7 mths ago
      Well well! This is gr8! Womens World!
    • big show  •  7 mths ago
      "Together, the pair championed Argentina's approach to the global financial crisis: nationalize private pensions and use central bank reserves to increase government spending rather than impose austerity measures, and force investors in foreign debt to suffer before ordinary citizens."

      The US could really learn a bit from that last part about making foreign investors suffer before citizens. But today, our "noble Roman leaders" would rather slash our pay, our services and other necessities in order to please their Chinese, Japanese, Saudi and other non-American masters.
    • Alex  •  New York, United States  •  7 mths ago
      Don't cry for me Argentina the truth is I never left you all through my wild days my mad existence I kept my promise don't keep your distance...
    • SIMPLE TRUTH  •  7 mths ago
      There ARE something we can learn here from Argentina ?? FOR AMERICA..FOR THE PEOPLE BY THE PEOPLE AFTER 30 YEARS OF CORRUPTED CONSPIRATED GOOD TIMES FROM TWO PARTIES ONLY CONSPIRATED POLITICIANS, LEADERS, OFFICERS.
    • Bill  •  Scranton, United States  •  7 mths ago
      I agree with what Weisbrot said about Obama , "It's an old-fashioned message of democracy: You deliver what you promise and people vote for you. It's kind of forgotten here in the U.S."
      Obama needs to come back to his core constituency who supported him instead of trying to placate Boehner and Cantor!
    • Always  •  7 mths ago
      Mr. Michael Warren (AP) wrote: "The victory makes Fernandez the first woman re-elected as president in Latin America. " How about saying "The victory makes Fernandez the first woman re-elected as president in the Americas." and close it up by saying "The United States has NOT elected a woman president yet".
    • Timk  •  7 mths ago
      try to teach how inflation works to some one that has not had the food they need or the water they need.some one with a kid the has a cold that might be a death sentence .yes i know money is everything to the rich so in most nations there is a safety net.in the ones with out a safety net there is crime .
    • Hank  •  7 mths ago
      The Pope is going to be livid ... he wanted this woman and her progressive ideas tossed out.
    • Scott  •  7 mths ago
      Soon, we too can be a banana republic......
    • clash city rocker  •  Buenos Aires, Argentina  •  7 mths ago
      "FUTBOL FOR ALL".....felicitaciones a todos mis paisanos...I just hope the economy gets better and the people of Argentina live a happy and prosperous life in the years to come..viva La Argentina!!
    • Timk  •  7 mths ago
      you guys are right she is a good looking woman.
    • El Macho of America  •  Caracas, Venezuela  •  7 mths ago
      A big hug to the People of Argentina , the Iron boot of USA is gone forever,the crimes commited by the pawns and robbers ruling on behalf of USA at Chile,Argentina, Paraguay, Bolivia, Uruguay, Venezuela, Peru, Nicaragua will never be forgoten by the People of these countries.
      Argentina, you are free now ! the "world cop" is dying!
    • Timk  •  7 mths ago
      top tax rate 1956 91% 1960 73% now a ceo of a hedge fund pays 18% long term cap gains.the poor and middle cant keep paying the tab for the rich.all it dose is cause red ink.do you g o p .think it will stop because you dont to pay taxes.sales tax to pick up the tab for the greedy is over 9% in most states.with every can of baby food or work jeans we are paying for the greedy rich.
    • noneya  •  7 mths ago
      "I want to keep changing history."
      Sounds like a liberal for sure, don't like hoistory just rip out the pages that offend you and out in your own.
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