Milei Losing to Himself, Even Cristina Can't Save Him

President Javier Milei's self-proclaimed competition against himself is proving a difficult challenge, as recent polls indicate a decline in his approval ratings. A significant majority of Argentines, between 55% and 63%, now believe the country is on the wrong path. This sentiment is further fueled by falling positive expectations for the future, with many anticipating a worsening personal situation next year.

The administration has also faced notable defeats. A proposed land law project was not debated in the Senate, and a measure to liberalize ship pilotage, which had halted international trade via waterways, was reversed. These setbacks have not only cost the government politically but have also exposed fissures within Milei's own party. Federico Sturzenegger, a key minister, has become a target of internal criticism, with some labeling his approach as having "feet of clay."

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I only compete against myself.

Internal dissent over the minister's "obstinacy" and disregard for risk assessment in his ambitious initiatives is growing. Reports suggest that even Karina Milei, the president's sister and a powerful figure in the government, has joined the ranks of objectors. Amidst this internal and external pressure, Milei has intensified his focus on the upcoming general elections, scheduled for about 15 months from now, even preemptively discussing his potential running mate.

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The Colossus is starting to show feet of clay.