Carlos Reutemann - Political Career

Political Career

After retiring from racing, Reutemann's popularity led the Justicialist Party of the province of Santa Fe to invite him to run for governor. He won the election and ran the province for one four-year term (1991–1995). The provincial constitution does not allow for re-election, but after four years Reutemann presented again and won the governorship for the period 1999–2003. During those years, his profile grew and he became one of the leading politicians in Santa Fe and in Argentina.

Reutemann's second term was marked by the nationwide economic problems brought by the recession that had started in 1999 and ultimately led to the socioeconomic crash of 2001. Under Reutemann, Santa Fe kept a conservative fiscal policy, whereby it applied discounts and froze public workers' salaries and pensions through an Economic Emergency Law. The province was among the few not to resort to the issue of government bonds as a form of quasi-currency, and thus did not become highly indebted.

After the 2001 crash and the resignation of Fernando de la Rúa, Reutemann surprised and disappointed many by declining, on several occasions, to run for president. He finally presented himself for the 2003 general election and won a seat in the National Senate, which he occupies at present.

During the 2005 legislative elections Reutemann chose not to be a major participant in the campaign. After the PJ lost to the Socialist Party candidates for the first time in Santa Fe, members of the party were rumored to be unhappy about Reutemann's low profile. Reutemann also declined to run for governor of Santa Fe again in the 2007 elections.

On January 1, 2006 Reutemann was named Commendatore della Repubblica by President of the Italian Republic Carlo Azeglio Ciampi.