AMLO: Mexico’s economy is “solid” after the reform of the judiciary

MEXICO CITY (apro).- In response to rating agencies’ warnings about the financial impact of the reform of the Judicial Branch, President Andrés Manuel López Obrador affirmed that the economy in Mexico is doing very well and accused international organizations of having a different opinion because they previously imposed the agenda.

“It is not to be taken seriously, it is like the famous tabloids, with all due respect, the New York Times, Washington Post, Wall Street Journal or like the decadence of our organic intellectuals, of Krauze, Aguilar Camín, who are making a fool of themselves.”

“Before, these international organizations, especially those linked to finance, were the ones that dominated countries, they imposed agendas. We must not forget that during the entire neoliberal period, the government never implemented its own development plan based on our needs,” he said.

He said that they dictated the strategies, which were accepted “by sell-out governments, the agenda that the Mexican government had to carry out, that is why they started with the letters of intent, then the so-called structural reforms and in essence it was to facilitate the plundering, the profit for the benefit of a minority at the expense of the people.”

Specifically, he said that the rating agencies and brokerages were aligned with that policy.

“Now it is different because we have our own development program, with a different agenda, which are the priorities that they never considered: the fight against corruption, that is on the agenda. They, on the contrary, encouraged corruption, they are complicit in the plundering that took place, they did not care about the poverty of the people, for us that is a fundamental part of the agenda. They were dedicated to transferring the nation’s assets to private individuals.”

The federal president said he understands that they are upset by the policy of his government, which “cannot even sustain that it is an inefficient, failed policy, because the results are there. In what country have there been better economic results than in Mexico in recent years? In the United States? In Germany? France? Where? So now they are commenting on tax reform, sorry, judicial reform… also on fiscal reform, because since they have to pay taxes that they did not pay before, they do not like it.”

He questioned when the rating agencies protested against the tax forgiveness of large companies, banks and corporations and what it meant for a large capital flight from the public budget.

Amid the differences of ideas, the president said that in Mexico “we are doing well” because “people are very happy in Mexico. It would be good if the editors of the New York Times, the Washington Post, and the Wall Street Journal would come to Mexico and talk to the people, so that they would not just rely on their correspondents, and even review what their columnists have written about Mexico recently because they have dedicated themselves to lying. We are not here to waste time correcting their pages, but they are making fools of themselves. That is a bit what it is.”

And he concluded that “the Mexican economy is very strong, it can withstand all this campaign” and that what the rating agencies say will not affect it because “we have very little external debt. Last time our finance experts came and they talked about 25% of foreign debt. Nothing more, of the global debt and we have record reserves in the Bank of Mexico. There is no problem, there is nothing to fear and if there are changes in the exchange rate like yesterday, it has to do with external factors, it is what is happening in Japan, in the United States, nothing to do with the Judiciary.”

He reiterated that in this area everything is going “very well and most importantly, people are very happy and hopeful. The future looks good, the future for our country. In every sense we are going to have a very good president, one of the best in Mexico and soon in the world. The economy is solid, strong, Mexico is one of the most attractive countries for foreign investment; this month alone the number of jobs has grown by almost 50 thousand workers. The economy is doing very well.”