More than three-quarters of Mexicans are happy with AMLO's leadership
the intelligent and drives fools mad.” Andrés Manuel López Obrador, Mexico’s president, repeats this adage often, as a rebuke to politicians who promise much and accomplish little. On March 4th, the 94th day of his presidential term, he tweeted the phrase again to show that power has neither stunned nor maddened him, and that he will keep his promise to transform Mexico., as he is known, has already brought considerable change.
His plan to achieve this involves restoring the state to its earlier position as the main underwriter of Mexicans’ well-being. Most recent presidents thought that one of its main roles was to create conditions for firms and civil-society groups to provide prosperity and welfare. Enrique Peña Nieto,’s predecessor, invited foreigners to invest in oil and introduced competition in telecoms, which lowered prices. But crime and corruption during his presidency overshadowed those achievements.
Seeming generous will sustain his popularity only if he keeps other promises, especially to reduce crime and corruption, and keep the economy strong. HisThere is no sign yet that the murder rate, which last year was higher than in Colombia and Brazil for the first time, is on its way down.’s big idea for reducing it is setting up a national guard, which is to have 150,000 members by 2024. This may help, but it will not compensate for failures of state and local police.
growth for this year down from 2.2% to 1.6%. Foreign direct investment in the last quarter of 2018 was 15% below its level a year before, partly because investors distrusthas failed to convince investors that he will solve the problems of Pemex, the state-owned oil giant, which provides a fifth of government revenue but has an alarmingly high debt. That puts Mexico’s investment-grade credit rating at risk.
But for now, millions of Mexicans are cheering a windfall, and the president, just as he hopes. Marcos Velázquez, a repairman in Mexico City, says his mother has just seen her pension double. They both voted forThis article appeared in theprint-edition icon
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