Mexico’s Anti-establishment Presidential Candidate Set to Win Sunday

Mexico’s Anti-establishment Presidential Candidate Set to Win Sunday

Mexico’s Anti-establishment Presidential Candidate Set to Win Sunday

Early Sunday, Mexicans began voting in general elections marked by deep anger over endemic corruption and brutal violence, with anti-establishment leftist Andres Manuel Lopez Obrador, 64 anni, looking set to sweep to power.

Leading by more than 20 pts in the polls, the sharp-tongued, silver-haired politician has successfully tapped voters’ anger with a seemingly never-ending series of corruption scandals and horrific violence that left a record 25,000 murders last year fueled by the country’s powerful drug cartels.

Lopez Obrador, who was first in line to cast his ballot at his polling station in Mexico City’s Tlalpan district, called the elections “historic.”

“We represent the possibility of real change, a transformation,” he told hundreds of journalists crowded at the entrance.

“People are going to decide between more of the same or a genuine change…. We are going to achieve a peaceful transformation, without violence. There is going to be an orderly but also deep change, because we are going to banish corruption, the main problem facing Mexico.”

Lopez Obrador calls them both part of the same “mafia of power,” a message that has resonated with many people, even if the former Mexico City Mayor has been vague on what the change he promises will look like.

The man likely to be the next President of Mexico has embraces a “Mexico First” stance, vows to undo his predecessor’s achievements, says his country lives in a “fake republic” and believes he’s the victim of a plot to rig the election.

Lopez Obrador’s coalition, led by his party, Morena is within striking distance of a congressional majority and 6 of the 9 governorships up for grabs.

That would be a major realignment in Mexican politics and a coup for a party launched only 6 years ago, originally as a grassroots movement to support the 3X Presidential candidate’s Y 2012 campaign.

You’ve got an openly left-wing economic nationalist who is from a new party, a party that did not exist at the last national election, who is managing to sweep into power, not just in the presidency, but in the Congress as well,” he said.

“We’re looking at a shift in Mexican politics.”

Lopez Obrador has clashed with Mexico’s business community, with some critics warning he would pursue Venezuela-style socialist policies that could wreck Latin America’s 2nd-largest economy.

Seeking to soothe, he has recruited a team of market-friendly advisers and backpedaled on his most controversial proposals, including reversing outgoing President Enrique Pena Nieto’s landmark energy reform, which privatized the Oil sector.

Mexico’s next President faces a laundry list of challenges, including a lackluster economy and a thorny relationship with the US under President Donald Trump, whose anti-trade, anti-immigration policies have turned diplomacy with Mexico’s Key trading partner into a minefield.

Besides electing their president for the next 6 years, Mexico’s 88-M voters are choosing their 500 lower-house deputies and 128 senators, as well as a number of state and local officials.

Preliminary official results are expected around 11:00p EDT (0400 GMT Monday).

In all, more than 18,000 posts are at stake — the largest elections in Mexican history.

They have also been the most violent, with 145 politicians murdered since candidate registration began in September, according to the consulting firm Etellekt.

Stay tuned…

 

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Paul Ebeling

Paul A. Ebeling, polymath, excels in diverse fields of knowledge. Pattern Recognition Analyst in Equities, Commodities and Foreign Exchange and author of “The Red Roadmaster’s Technical Report” on the US Major Market Indices™, a highly regarded, weekly financial market letter, he is also a philosopher, issuing insights on a wide range of subjects to a following of over 250,000 cohorts. An international audience of opinion makers, business leaders, and global organizations recognizes Ebeling as an expert.

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