Populista President LO of Mexico

Image result for lopez obrador images

We try to stay in touch with Mexico. This week, we saw a couple of articles that should worry the Mexican middle class.    The first one is about Mexico’s public schools featured here.  The second is about the Mexican economy.

Presidente Lopez-Obrador is making investors a bit weary, according to Richard Castillo via Pulse News Mexico:

Fear does not ride on a burro; it flies at the speed of sound!

And spreading fear of President Andrés Manuel López Obrador’s (AMLO) economic policies seems to be the leading reason that Mexico’s Gross Domestic Product (GDP) has slumped markedly to the point of reaching a minimal growth of 0.1 percent for the next quarter of 2019.

Based on the article, it appears that some major corporations are having second thoughts about investing or following up with their promises to invest.

Why? Can you say AMLO or the initials for Mexico’s president.

It appears that AMLO’s Chief of Staff is picking up on the message. He just tweeted that AMLO’s team understands the role of investment in the nation’s economy.

The business community is not staying quiet. Gustavo de Hoyos, leader of COPARMEX or a leading group of businessmen and industrialsts, is promising to launch an “alternate plan” to defend investors from the “populist” AMLO.

Well done Mr. De Hoyos!

Maybe my memory is bad but I don’t recall seeing that before, or a major industrial leader challenging the President’s populism.

Who would have believed all of this a year ago? How about the many of us who were deeply concerned with the election of a populist leftist in Mexico?

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