Three months into his presidency, Mexico's Andres Manuel Lopez Obrador has ...
MEXICO CITY - Three months into his presidency, Mexico’s Andres Manuel Lopez Obrador has already spent more time facing the press corps than his predecessor did in his entire six-year term.
Dictating debate much as U.S. President Donald Trump has via Twitter, the news conferences have muscled aside breakfast news programming and reduced other political leaders, including his own cabinet, to bystanders at Lopez Obrador’s parade. Throughout, he has kept a steady stream of verbal fire trained on dissenting voices or checks on his power, including critical media, civil society groups or independent regulatory bodies - while reaffirming his belief in free speech and transparency.
“For the moment, he is completely invulnerable and completely indestructible,” said Agustin Barrios Gomez, a former lawmaker and board member of the Mexican Council on Foreign Relations . “He owns the country.”Rating agencies have issued a series of warnings that Mexico’s creditworthiness may be downgraded if Lopez Obrador cannot turn around state oil firm Pemex, which ended 2018 with more than $100 billion of financial debt.
Car sales dropped in February by over 5 percent. By Friday, Mexico’s main share index had fallen for 10 consecutive days. Meanwhile, the latest data for Mexican retail sales and fixed capital investment showed significant declines in December. The problem for Mexico, said Barrios Gomez at COMEXI, is that the rhetoric of Lopez Obrador and his more ideological allies have almost made investment a dirty word.
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