Trump struggles to explain why a bailout for Argentina meets his 'America First' standards

[Yo_Mama_Been_Loggin]

As Donald Trump greeted Argentinian President Javier Milei at the White House, a reporter shouted out a question about the American president’s message to the people of Argentina.

“We love them,” Trump replied. “We’ll be there for them.”

The latter point was clearly true. In fact, the United States will “be there” for Argentinians to the tune of $20 billion: That’s the figure of the Trump administration’s recently announced bailout, intended to help bolster the South American country’s economy as it confronts a possible crisis.

As Tuesday afternoon progressed, Trump celebrated his likeminded ally — Milei is “MAGA all the way,” the American president said — though he struggled with a question he should’ve seen coming. The Washington Post reported:

President Donald Trump on Tuesday touted a $20 billion foreign bailout that he acknowledged would not primarily serve American interests, testing his leeway with his own ‘America First’ motto and in particular the patience of domestic farmers who have yet to receive their own relief from Trump’s trade war.

https://www.yahoo.com/news/articles/maddow-blog-trump-struggles-explain-161731167.html

Because Scott Bessent's hedge fund buddies are going to lose money without the bailout.

[sop]

1. 'Trump's Massive Argentina Bailout Set to Benefit One GOP Billionaire'

"Like everything else with this administration, Trump’s decision to extend a lifeline to Argentina involves corruption."

"Treasury Secretary Scott Bessent’s $20 billion Argentinian bailout is not only poised to prop up President Javier Milei’s anarcho-capitalist regime with U.S. taxpayer dollars; it’s also set to deliver a significant windfall to one of Bessent’s old friends, per a Monday report by Judd Legum at Popular Information."

"Robert Citrone, a billionaire who founded the hedge fund Discovery Capital Management, has a decadeslong relationship with Bessent that’s gone unreported in the U.S. press...Since Milei’s ascendance, Citrone has bet big on the Argentine economy. But amid the recent economic downturn under Milei, his Argentine investments were in trouble."

"Enter Bessent. Last week, the treasury secretary announced a $20 billion currency swap line that, Citrone told Bloomberg, 'has helped tremendously' and 'will pay dividends for the U.S. strategically.' It’s certainly boosted Citrone’s holdings. (Notably too, Legum writes, 'In early September, days before Bessent’s announcement, Citrone purchased more Argentine bonds.')"

Continued at link:

https://newrepublic.com/post/201067/trump-argentina-bailout-bessent-friend-gop-billionaire

[usonian]

2. Note to all magats

[Prairie_Seagull]

3. Is this really a bloated campaign contribution while

saving some American investors asses?

https://www.politico.com/news/2025/09/25/trump-argentina-milei-bessent-republicans-bailout-00581449

[peppertree]

5. Exactly - but the best part is that politically, it's all for nothing.

Because Milei's narco-capitalist party is dead on arrival already...

(he calls it "anarcho-capitalist" - but has at least two confirmed narco-politicians in Congress).

Evidence of a massive kickback scheme led by his own sister (and Chief of Staff)...of a crypto scam that cost his own dopes (including some in the U.S.) millions... of links to drug traffickers like Fred Machado (who apparently even helped write economic policy)... and, of course, a sharp double-dip recession, have all but doomed his party's chances.

But, of course, Cheetolini understands none of this - so Milei and Bessent (whose pals are trying to dollarize and offshore their Argentine investments in a hurry) are milking the fat bastard for all he's worth.

At U.S. taxpayer expense - it goes without saying.

[Prairie Gates]

4. All of Wall Street has been piling bad bond after bad bond on Argentina for 25-30 years

If they default for real, Goldman is going to eat a shitload of billions, as are a bunch of others. They put Milei in place for austerity purposes, but that won't cover even a fraction of it, so Trump has to send American tax dollars to Argentina so they can send those same dollars back to Goldman Sachs and the various bond holders and private equity partners. Indeed, I doubt they'll even send the funds to Argentina first: they can deposit the money directly into the NY Goldman accounts.

CLOWN SHOW.

MAGA morons in South Dakota get nothing while rich NYC and Connecticut financiers draw tax payer money directly from the Trump administration under the guise of a bailout to Argentina.