Claudia Sheinbaum starts her term as president of Mexico today. She was selected by the outgoing president to replace him in his quest to make Mexico in the image of Venezuela. Some readers will believe that I’m exaggerating when I’m saying such a thing but I’m not that’s exactly what he has said in numerous speeches.
in the past six years, the Mexican federal government has spent nearly $100 billion on vanity projects a new airport in Mexico City replacing a nearly completed airport a tourist train in the Yucatán for more than $20 billion. A refinery is still not operational despite being open for 18 months.
all this has come to the expense of the people who supported the most this is possibly the most amazing thing to witness. The people who got screwed the worse by the current Mexican administration are the ones that support him the most education legal reform, all issues that concerns, poor Mexicans the most have been basically ignored or defunded.
The new president challenge is different. First of all the outgoing president has use every device to hide the money he’s borrowed from across the world for his projects both the state company and the state electricity company have more than triple dead amounts borrowings for building, trains and airports and refineries have been hidden behind political devices that enables the government to claim that the money is not been borrowed by the state when in fact it has been.
If this was not enough to challenge Mexico, there is additional problem of a change of the guards in narco business. The Mexican government Has not even the beginning of a plan to deal with the narcos Violence in the northwest is beyond troublesome, and is now shifted north of the border, which will Bring other headaches
when the previous president took power six years ago, country was not doing great, but it wasn’t doing awful either since then imports of fuel natural gas and gasoline have more than quintupled as the state owned and controlled and sold. Explorer of new resources has cut production by 3/4 on the bright side monopoly has not access to very cheap bunker fuel because no one else in the world will buy it because it’s high sulphur content and because of legislation, the company has not had to filters on its exhaust stacks increasing the pollution in the country
In other words, the federal government has massive Challenges and no money to meet them. Lopez Obrador wasted six years of his term to promote vanity projects instead of addressing Mexico’s Problems
Comments