ARGENTINA: A Short-Lived Party

"Peronazo!" (Peronist blockbuster) crowed the Buenos Aires daily Cronica. Actually, Juan Perón's sweeping victory in Argentina's presidential election last week was more Like the fizzle of a damp firecracker. Nobody seriously thought the old caudillo would lose, least of all Perón himself.

He made only a handful of appearances, none outside the capital, and left most of the campaigning to his vice-presidential running mate, his wife Isabelita (see box). In fact, the only unknown in the singularly boring election was the margin of victory. It turned out to be a whopping 61.9%....

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