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Barack Manuel Lopez Obama?

11 December 2008

Fausto Fernández Ponte, in Blogotitlan argues that the U.S. economy has been headed for a crash ever since Ronald Reagan started taking seriously his aphorism that “The State is the problem, not the soulution” to economic inequality and financial instability.

Fernández sees Vicente Fox trying to play the same role as Ronald Reagan in his nation’s affairs, but without mastering the script like the retired Hollywood actor did.  Reagan is to Fox as Bush II is to Calderon, and Obama is to… AMLO!

The axis of the new policy — whose antecedents are  Franklin D. Roosevelt’s “New Deal”  and  Dwight D. Eisenhower’s infrastructure development program  — requires massive public spending.

Massive…  and urgent.  Also, the plan calls for reducing energy consumption,  and trimming unnecessary federal expenses.  This is exactly what was proposed for Mexico by Andrés Manuel Lopez Obrador.

Add to the massive injection of public resources to save or create jobs, add a decision to withdraw from Iraq, which will reduce the crusing military costs.

As to the effect on Mexico of the President-elect Obama’s proposals, the first noticable one would be on Mexican emigrants and a recovery of remittances.

But the Mexican State?  There we are less optimistic.  Why? Because the Mexican State still is inspired by those simplistic aphorisms of Ronald Reagan.

5 Comments leave one →
  1. 11 December 2008 10:05 am


  2. MaryOGrady permalink
    11 December 2008 11:05 am

    Reagan’s notions of government and the economy are a recipe for unmitigated disaster, as we all are now learning. Reagan et al. thought government was bad, and so they made it incompetent. They thought the magic invisible hand of the free market would vitiate any need for regulation of the economy, and so sociopathic financiers were permitted to ruin uncounted millions.
    An old friend of mine, the late civil libertarian John Henry Faulk, once predicted that Ronald Reagan would be the most vilified president in history. We may live to see that yet, of George W. Bu$h does not give him a run for his money.

  3. 12 December 2008 12:31 pm

    I vote for Bush II as histories worst president, and Reagan as seond worst. Deregulation has created a free-for-all for the greed-haeds. Government is supposed to make rules. Banking de-regulation created the opportunity for immoral jerks to rip-off the general public, some of whom were niave, and some of whom were trusting.


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