JamesWhen Sergio Massa took his position as economy minister last year, 1 dollar was 298 pesos.
Today, 1 dollar is 900 pesos.
Almost 37% of the electorate voted for him yesterday.
My feeling is that many people are either religious adherents to Peronism or rely on the government for their livelihood.
Note that the exchange rates are for the "blue" dollar, the only dollar that regular people care about.