Lopez-Obrador

Mexico has a presidential election this July and at the moment the leading candidate is communist Andrés Manuel López Obrador, former mayor of Mexico City. It is his third try for the presidency.

Latin American observer Mary Anastasia O’Grady in her weekly column in the Wall Street Journal has said that he is running as a reform candidate who is opposed to the recent economic reforms towards free enterprise because he thinks that the system is rigged.

Another Latin American observer, who once lived and worked in Mexico, Cuban anti-communist dissident Silvio Canto in Dallas has said that if Lopez-Obrador wins, it will mean money will flow out of Mexico to safe places and more people will try to enter the US to escape a another Latin American leftist regime. Mexico will fall into an economic slump: (My opinion, the drug cartels are so strong in Mexico that the central government is only barely able to dominate by using the exhausted Mexican army to restore order.)

"By the fall and winter of 2018, the peso’s value will drop as Mexicans panic and take their money out of the country.

"President LO will respond by saying that he is not as bad as his populism indicates. He will assure investors that his “populist words” were just campaign rhetoric intended to get votes rather than a reflection of how he will govern.

"Foreign investors won’t buy it. Dollars will flow out of rather than into Mexico!

"Mexicans won’t buy it either. There will be more and more people trying to cross the US-Mexico border.

"With a de-facto peso devaluation and zero confidence from foreign investors, LO won’t have a lot of options to deal with Mexico’s problems."

Does Lopez-Obrador really want to be president of Mexico? | Babalú Blog