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CORDOBA, Argentina — U.S. President George W. Bush’s free-falling popularity, his loss of control over Congress, the nagging doubts about the economy and most of all his discredited reputation as a result of the debacle in Iraq all magnify the characteristic weakness of lame-duck American presidents. But, while Latin American governments are all watching the same news about Bush’s growing trials and tribulations, their responses to the looming transfer of power in the United States are of three kinds.

The first response can be described as realist: no matter who governs in America, concrete results need to be achieved. Simply put, whoever is U.S. president, his or her program will have priority. But, at the same time, these leaders count on a great degree of continuity in U.S. policy.

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