CTH: Mexico’s president-elect Andres Manuel Lopez Obrador “AMLO” easily won yesterday’s election with 54% of the vote; the highest vote total in three decades. In addition his MORENA party won an absolute majority in both the Mexican Senate (38% +/-) and the Chamber of Deputies (38% +/-).
The multinational financial community is in the process of evaluating how the nationalist win will impact all prior investing. One of the key issues is NAFTA. Multinational corporations have poured billions into Mexico as a structural method to utilize the trade deal to gain access to the U.S. market.
Despite his campaign position, AMLO is now affirming a positive intention to renegotiate NAFTA; however, he is speaking from both sides of the current issue. Example:
Get your checkbook out Paco, pay for the wall or it’s going to cost you ten times as much in two years.
We have the Trump Badgers negotiating now
Praise be, now all the Lib/Progs can move to Mexico and live the dream.
So tell me, Democrats and nevertrumpers…When Trump calls AMLO to congratulate him, how stupid are you going to act?
38% is an absolute majority? Maybe in Mexico. I don’t think Trump is going to be the pushover the morons of Mexico are. Here is a 10 second video to show AMLO what he is up against.
https://mobile.twitter.com/OfficeOfMike/status/1013829239089565697/video/1
AMLO is owned an operated by the drug cartels or else he wouldn’t be alive. 114 Mexican politicians were killed this election cycle.
Jag offs’ a pragmatist. He wants a higher standard of living in Mesiko. That translates into massive government infrastructure spending.
To pay for all that crap he needs strong business and political ties with the U.S.
Since no one in the history of Mesiko has ever pulled that off I’m watching with mild interest but with no real hope of seeing the status quo in Mesiko change.
US, surrounded by soft socialists. I wonder how much NAFTA caused this? Basically two US subsidized economies, what the heck do we think will come of that
One of Mexico’s biggest sources of revenue is remittances sent from money earned in the U.S. I read the other day it’s bigger than oil revenue. Over 50% of the illegals use some sort of public assistance. The IRS takes money from your pocket, gives it to illegals, who then send it to Mexico. You are working to support Mexicans in Mexico.
http://money.cnn.com/2018/01/02/news/economy/mexico-remittances/index.html
The Mexicans don’t want the U.S. spigot to be turned off or the GDP down there will shrink by over 1/3, hence the opposition to the wall. AMLO himself has said in campaign speeches he thinks it’s a right for people to invade (immigrate) to the U.S. so he won’t stop Central Americans (or Muslim terrorists) from coming here.
The Democrats want to import leftist voters to maintain their power and create a Democrat majority. This is the real reason they want amnesty and open borders.
I guess so, since we supply you with your de facto national currency now, you pathetic sacks of shit.
Something tells me we are going to feel both of his hands on our shoulders,,
Any country south of the border that “plans” anything, plans on getting it from US.
STOP mexicans from sending any money to mexico now. Call it payment for services rendered.
Gee Wally, duz this mean they’re gonna start sending us their best now?