What AMLO does not say in the Report

It is unfair to blame AML0 alone for all the decline in production and unemployment in 2019, 2020 and 2021, but it is wrong to blame only the Coronavirus and Putin’s war on Ukraine, the reduction in GDP, investment, the middle class, and the increase in the number of poor in Mexico.
President López Obrador points to the “neoliberals” as the cause of the current economic problems, and although most of the imbalances in the public sector were not born with MORENA, they were worsened by the erroneous policies of AMLO and Q4 officials, who recommended and applauded them.
Among its main mistakes are: Abandonment of the Texcoco airport and placing the Santa Lucia airport as an alternative, which implies losses of billions and worsens air traffic. Increased losses of Pemex and CFE, where a privileged pension agreement with the union was revived in exchange for the votes of nearly 93,000 employees. In CFE they retire at age 55, while in private companies at age 65. In Petróleos Mexicanos, they increased benefits to unionized employees, 80% of the 120,000 who work in Pemex, at the same time that their losses and the import of petroleum derivatives increase: gasoline, gas and petrochemicals, which increase the deficit in the oil trade balance. Shortage of medicines due to wrong decisions of the Secretary of Health. They canceled contracts with laboratories without having others to replace them, and several of the new suppliers continue to be asked for money to give them contracts. They hinder foreign investment and cause uncertainty with their constant changes to the legal environment in economic matters. Foreign investors lose millions by curbing private investments in electric power generation. They cut down thousands of trees for a tourist train to pass, destroying tourist attractions: ecological reserves. They locate a refinery in Dos Bocas, which will cost more than double the budget. Former director of the National Petroleum Institute estimated losses for 20 years and considered the place unsuitable to build a refinery. Special Economic Zones in Chiapas, Guerrero and Oaxaca, the main instrument of progress and employment in China, are abolished.
Q4 generated in almost 4 years of government more destruction than transformation.



Original source in Spanish