Aug 20, 2013

Fight over revered ex-president’s image dominates Mexico’s oil reform debate

The Washington Post 
August 16, 2013

The son of Mexico’s most revered modern president, known for nationalizing Mexico’s oil industry, says his dad is rolling in his grave.

In fact, both sides in the heated debate over proposals to open Mexico’s oil industry to private companies are using the image of former president Lazaro Cardenas, roughly Mexico’s equivalent of Franklin D. Roosevelt.

Current President Enrique Pena Nieto has launched a blitz of TV ads that prominently feature photos of Cardenas, who expropriated foreign oil companies and nationalized the industry when he was president from 1934 to 1940.

Like FDR, who was known for helping pull America out of the depression with his ‘new deal’ public works programs, Cardenas is remembered for handing out land to poor farmers and standing up to the foreign oil companies that once took the lion’s share of profits from Mexican oil.  Read more. 

No comments:

Post a Comment