Thursday, April 2, 2020

Opinion:  Mexico Debates Bailouts for Companies

Note:  Economic policy in the US last week was unusually bipartisan as the US government added two trillion dollars to its existing $6 trillion debt load, hoping to bolster the economy during the unprecedented economic calamity of the coronavirus crisis.

How is Mexico handling the economic fallout from the crisis?

 The debate over fiscal policy in Mexico is just beginning.  The path has not yet been chosen, but as it unfolds it will, more than the sycophantic behavior, determine what historians say about Armando Manuel Lopez Obrador.

Mexico is currently in its most me-too moment vis a vis the United States since the Revolution began over a century ago, and this holds for Mexican culture as well as for trade relations and Trumpian soundbites about national coronavirus health policy.  Consequential decisions must be made now.

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