Argentine general election, 1995

Argentine general election, 1995

May 14, 1995

Nominee Carlos Saúl Menem José Octavio Bordón Party Justicialist Party Front for a Country in Solidarity Home state La Rioja Mendoza Running mate Carlos Ruckauf Carlos Álvarez States carried 23 CABA Popular vote 8,687,319 5,095,929 Percentage 49.9% 29.3%

President before election Carlos Menem Justicialist Party Elected President Carlos Menem Justicialist Party

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The Argentine general election of 1995 was held on 14 May. Voters chose both the President and their legislators and with a turnout of 82.1%, it produced the following results:

President

Argentine Congress

^[1][2]

Background

The Justicialist Party had been founded in 1945 by Juan Perón, largely on the promise of greater self-reliance, increased state ownership in the economy and a shift in national policy to benefit "the other half" of Argentine society. Taking office on Perón's ticket in 1989 amid the worst crisis in a hundred years, President Carlos Menem had begun the systematic sell-off of Argentina's array of State enterprises, which had produced nearly half the nation's goods and services. Following 18 months of very mixed results, in February 1991 Menem reached out to his Foreign Minister, Domingo Cavallo, whose experience as an economist included a brief but largely positive stint as the nation's Central Bank president in 1982. His introduction of a fixed exchange rate via his Convertibility Plan led to sharp drops in interest rates and inflation, though the sudden recovery and Cavallo's fixed exchange rate (converted to 1 peso per dollar in 1992) led to a fivefold jump in imports (far outpacing the flush growth in demand). A wave of layoffs after 1992 created a tense labor climate often worsened by the flamboyant Menem, who also diluted basic labor laws, leading to less overtime pay and increasing unemployment and underemployment. Private-sector lay-offs, dismissed as a natural consequence of recovering productivity (which had not risen in 20 years), added to mounting state enterprise and government layoffs, leading to a rise in unemployment from 7% in 1992 to 12% by 1994 (after GDP had leapt by a third in just four years). In this policy irony lay the Justicialists' greatest weakness ahead of the 1995 election.^[3]

The election itself created yet another unexpected turn. Barred from seeking reelection by the 1853 Argentine Constitution, President Menem reached out to his predecessor and head of the embattled centrist Radical Civic Union (UCR), Raúl Alfonsín. Meeting at the presidencial residence in tony northside Olivos, Buenos Aires in November 1993 to negotiate an extensive amendment of the Constitution, the two leaders resolved to be of mutual benefit: Alfonsín obtained the direct election of the mayor of (UCR-leaning) Buenos Aires (depriving the presidency of a right held since 1880 to appoint its mayor) and an expansion in the Argentine Senate from 48 to 72 members (3 per province), which would assure the runner-up (presumably the UCR) the third seat; Menem, in return, secured his right to run for reelection.^[3][4]

Both men faced dissension in their parties' ranks after the 1994 reform of the Argentine Constitution was unveiled in August. Alfonsín's candidate in the UCR primaries, Río Negro Province Governor Horacio Massaccesi, defeated Federico Storani and Rodolfo Terragno for the nomination over their opposition to the Olivos Pact. Menem, in turn, had lost a number of Congressmen from his party after Carlos Álvarez led a center-left splinter group in revolt over Menem's privatizations and unchecked corruption. His Frente Grande had become influential after merging with fellow ex-Peronist José Octavio Bordón in 1994, ahead of the May 14, 1995 election date. Bordón, a popular Mendoza Province Senator was a centrist who also lent the leftist Álvarez, whose strength was in Buenos Aires, appeal in Argentina's hinterland (which had benefited least from the 1991-94 boom). They combined forces to create the FREPASO, adding Argentina's struggling Socialists.^[5]

The new constitutional rules governing elections provided opportunities for parties stuck in 2nd or 3rd place in the polls, as the Frepaso and UCR were, respectively. Bypassing the previous electoral college system, a victory by direct proportional voting could be achieved by either through a run-off election (in case no candidate obtained a clear majority). The Justicialists enjoyed a clear advantage, given polls and their control of both chambers of Congress; but cracks began to develop as 1994 drew to a close. Local prosperity, the guarantor of Menem's presumptive victory, was shaken by the Mexican peso crisis in December. Dependent on foreign investment to maintain its central bank reserves (which fell by US$6 billion in days), its sudden scarcity led to a wave of capital flight out of Buenos Aires' growing banks and to an unforeseen recession. Concurrent revelations of gross corruption surrounding the purchase of IBM computers for the antiquated National Bank of Argentina (the nation's largest), further added to the opposition's hopes that a runoff might still be needed in May.^[5]

Between them, the Frepaso enjoyed the advantage. Sporting charismatic leadership, they hoped to displace the UCR (Argentina's oldest existing party) from its role as the Peronists' chief opposition. The UCR had been badly tarnished by President Raúl Alfonsín's chaotic 1983-89 term, though its candidate, Río Negro Province Governor Horacio Massaccesi, had earned international renown in 1991 for storming a local National Bank branch in search of needed funds being retained by the federal government for what seemed to be political reasons.^[6] The UCR, moreover, still had its name recognition and organized, if frayed political machinery, controlled by Alfonsín and popular Córdoba Province Governor Eduardo Angeloz. As election day drew near, analysts debated not only the possibility of a runoff, but also which of the two opposition parties would face Menem in such a case.^[7]

Ultimately, corruption and the sudden recession were not enough to keep the unflappable Menem from a first-round victory. The big tent Justicialist Party, allied in many districts to local parties, formed an electoral front which obtained almost half of the total vote. The Frepaso garnered nearly 30%, and though their hopes for a runoff were stymied, this was considered a very good result for a party assembled only the previous year. Frepaso, however, came ahead in the presidential race only in two districts: Santa Fe Province and the city of Buenos Aires. The UCR, a major political force in Argentina since the beginning of the 20th century, came in third with only 17% of the vote.^[8]

All provinces except Corrientes also elected governors during 1995; several but not all provinces conducted their elections on the same date as the national one. A number of municipalities elected legislative officials (concejales) and in some cases also a mayor. The Justicialists obtained 14 of the 23 governorships and the UCR, 5. Among Argentina's larger cities, only Bahía Blanca and Mar del Plata kept a UCR mayor (though Buenos Aires would elect one in 1996).^[9][10]

The legislative elections, where half the seats in the Argentine Chamber of Deputies were contested, saw the Justicialists obtain a large majority (more votes that its two closest opponents combined), losing in only 5 districts out of 24; of the 130 seats in play, the secured 68, the UCR, 28 seats, and Frepaso obtained 20 seats. The UCR lost 15 and, on a district basis, they did not get the majority vote in any district. The Frepaso won in the city of Buenos Aires and picked up 12 seats. Local parties won in two districts (Salta Province and Neuquén Province). The newly expanded Argentine Senate, as Menem and Alfonsín had intended, benefited both parties.^[9][10]

Candidates For President

• Justicialist Party (pragmatic): President Carlos Menem of La Rioja Province
• FrePaSo (center-left): Former Governor José Octavio Bordón of Mendoza Province
• Radical Civic Union (centrist): Governor Horacio Massaccesi of Río Negro Province

• 

  Menem

• 

  Bordón

References

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