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López Obrador offers sedatives for his critics

Monday, December 17, 2018

The inauguration of Andrés Manuel López Obrador as president of Mexico sent off some firecrackers in an already polarized population.

His harangues against the supposed evils of the "neo-liberal" theories that have dominated the nation's economy for decades, also sent alarm bells ringing for much -- though not by no means all -- of the private sector.

This weekend, however, he offered a dose of sedatives for his critics in the form of a federal budget for next year that aims for economic stability and prudent spending, with the aim of achieving a fiscal surplus.

The markets, however, will presumably be the judge of the credibility of López Obrador's appeal to potential investors.