Argentine general election, 1989

Argentine general election, 1989

May 14, 1989

Nominee Carlos Saúl Menem Eduardo Angeloz Party Justicialist Party Radical Civic Union Home state La Rioja Córdoba Running mate Eduardo Duhalde Juan Manuel Casella Electoral vote 325 231 States carried 20 3 + CABA Popular vote 7,953,301 5,433,369 Percentage 47.5% 32.5%

President before election Raúl Alfonsín Radical Civic Union Elected President Carlos Menem Justicialist Party

The Argentine general election of 1989 was held on 14 May 1989. Voters chose both the President and their legislators and with a turnout of 85.3%, Carlos Menem won the presidency, and the Justicialist Party won the control of both house of Congress. This is the last presidential election the president was elected by the electoral college.

President

It produced the following results:

^aAbstentions.

^[1][2]

Congress

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Electoral system: Proportional representation by districts according to the D'Hondt method. Seats are divided among those lists of candidates from parties or electoral alliances that obtain at least 3% of the electoral census or working electoral of the district.

Background

Inheriting a difficult legacy from his military predecessors, President Raúl Alfonsín's tenure had been practically defined by the foreign debt Argentina's last dictatorship left behind. Signs of unraveling in Alfonsín's 1985 Austral Plan for economic stabilization cost his centrist Radical Civic Union (UCR) its majorities in the Chamber of Deputies (lower house of Congress) and among the nation's 22 governorships in the September 1987 mid-term elections. Facing a restive armed forces opposed to trials against past human rights abuses and mounting inflation, the president brought elections forward five months, now scheduled for May 14, 1989. Both major parties held national conventions in May 1988. The UCR nominated Córdoba Governor Eduardo Angeloz, a safe, centrist choice and the most prominent UCR figure not closely tied to the unpopular President Alfonsín. In an upset, however, Carlos Menem, governor of the remote and thinly populated La Rioja Province, wrested the Justicialist Party nomination from the odds-on candidate, Buenos Aires Province Governor Antonio Cafiero, a policy maker close to the Justicialists' founder, the late Juan Perón. Cafiero's defeat resulted largely from CGT trade union opposition to his Peronist Renewal faction; Alfonsín's top political adviser, Interior Minister Enrique Nosiglia, in turn saw Menem's flamboyance as an opportunity for the struggling UCR.

The Justicialists (Peronists) took a sizable lead in polling early on, however, even as nearly half the voters remained undecided. Hoping to translate this into a UCR victory over the outspoken and eccentric Menem, President Alfonsín enacted an August 1988 "Springtime Plan" in a bid for lower inflation (then running at 27% monthly). The plan, criticized as a rehashed "Austral Plan" by the CGT, called for budget cuts and renewed wage freezes - policies they blamed for sliding living standards. Initially successful, a record drought late in the year buffeted critical export earnings and led to rolling blackouts, dissipating any gains Angeloz might have made from the "relief" of 6% monthly inflation.

A perennial third-party candidate, conservative economist Álvaro Alsogaray, made gains following the January 1989 assault by Trotskyite militants on the La Tablada Barracks, west of Buenos Aires. Twice minister of the economy and remembered for his belief that the economy must go though "winter," the unpopular Alsogaray ran on a free market platform, calling for mass privatizations and deep cuts in social spending (amid 30% poverty). Angeloz took the controversial decision of including social spending cuts in the UCR platform, as well, earning the right-wing Federalist Party's endorsement; but alienating many others (particularly pensioners, among whom Alfonsín had won decisively in 1983). The largely civil campaign became increasingly a debate between the Justicialist nominee and the president, himself; Angeloz, the UCR nominee, remained "presidential" during the frequent exchanges of innuendo between Alfonsín and Menem.

Following a sharp drop in Central Bank reserves, the U.S. dollar gained around 40% against the austral in heavy trading on "black Tuesday," February 7. The sudden drop in the austral's value threatened the nation's tenuous financial stability and, later that month, the World Bank recalled a large tranche of a loan package agreed on in 1988, sending the austral into a tailspin: trading at 17 to the dollar in January, the dollar quoted at over 100 australes by election day, May 14. Inflation, which had been held to the 5-10% monthly range as late as February, rose to 78.5% in May, shattering records and leading to a landslide victory for the Peronists. Polling revealed that economic anxieties were paramount among two-thirds of voters and Menem won in 19 of 22 provinces, while losing in the traditionally anti-Peronist Federal District (Buenos Aires).

The nation's finances did not stabilize after the election, as hoped. The dollar doubled in value that next week, alone, and on May 29, riots broke out in the poorer outskirts of a number of cities. Having declared his intention to stay on until inaugural day, December 10, these events and spiraling financial chaos led Alfonsín to transfer power to President-elect Menem five months early, on July 8. When Menem accepted the presidential sash from Alfonsín, it marked the first time since 1916 that an incumbent government peacefully transferred power to the opposition.

Todo Argentina

Candidates for presidency

• Justicialist Party (populist): Governor Carlos Menem of La Rioja Province
• Radical Civic Union (centrist): Governor Eduardo Angeloz of Córdoba Province
• Union of the Democratic Centre (conservative): Deputy Alvaro Alsogaray of the City of Buenos Aires

Notes

Elections and referendums in Argentina
Presidential elections	1854 1860 1862 1868 1874 1880 1886 1892 1898 1904 1910 1916 1922 1928 1931 1937 1946 1951 1958 1963 1973 (Mar) 1973 (Sep) 1983 1989 1995 1999 2003 2007 2011 2015 2019
Parliamentary elections	1854 1856 1858 1860 1862 1864 1866 1868 1870 1872 1874 1876 1878 1880 1882 1884 1886 1888 1890 1892 1894 1896 1898 1900 1902 1904 1906 1908 1910 1912 1914 1916 1918 1920 1922 1924 1926 1928 1930 1931 1934 1936 1938 1940 1942 1946 1948 (Mar) 1948 (Dec) 1951 1954 1957 1958 1960 1962 1963 1965 1973 1983 1985 1987 1989 1991 1993 1994 1995 1997 1999 2001 2003 2005 2007 2009 2011 2013 2015 2017 2019
Provincial elections	1854 1856 1858 1860 1862 1864 1866 1868 1870 1872 1874 1876 1878 1880 1882 1884 1886 1888 1890 1892 1894 1896 1898 1900 1902 1904 1906 1908 1910 1912 1914 1916 1918 1920 1922 1924 1926 1928 1930 1931 1934 1936 1937 1938 1940 1942 1946 1948 1951 1954 1957 1958 1960 1962 1963 1965 1973 1983 1985 1987 1989 1991 1993 1995 1996 1997 1998 1999 2000 2001 2002 2003 2005 2007 2008 2009 2011 2012 2013 2015 2016 2017 2019
Referendums	1984

Carlos Menem
Presidency	Events Presidential pardons Convertibility plan 1992 attack on Israeli embassy AMIA bombing Pact of Olivos 1994 amendment of the Constitution of Argentina Elections 1989 general elections 1991 legislative elections 1993 legislative elections 1995 general elections 1997 legislative elections 2003 general elections Laws Argentine quota law State reform law
Scandals	Argentine arms trafficking scandal Swiftgate Yomagate
Family	Cecilia Bolocco Eduardo Menem Zulema María Eva Menem Zulema Yoma