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  • Casual Articles - A Letter to the New President of Mexico

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    and faith was restored in the government’s ability to prop up the economy and the banks and stock market benefited as people once again had money to save and invest. But it took an act of faith by the government and the people that deficit spending will eventually prevail. The dollar was no longer backed by gold, but rather, a promise from the Federal Reserve. We still live with this economic by-product with federal defici
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    At a time when we are signing legislation to build a 700 mile wall along your northern border with the United States, it’s time to consider other options. We know you are against this “Berlin-like” solution, and so you should be. It’s ridiculous and inappropriate. But so is your present system of government. It’s is the reason your country is losing your countrymen to the United States. We offer opportunities that you don’t in the way of jobs and higher wages. While we consider various obstacles to border-crossers and fines for employers of illegals, isn’t it time you decided to take control of your own internal issues?

    You have several salient problems: (a) low wages, (b) low employment, (c) lack of incentives to new businesses wanting to enter Mexico, and (d) nationalization of property. The wage and employment troubles go back decades and are the result of old policies. Yet you share many of the US’s natural resources and should have a higher standard of living much like our northern neighbor, Canada. So what happened here in Mexico?

    I equate it to the post-war Depression in the US in the 1930’s when Americans lost faith in the US banks and began withdrawing savings and investments. President Roosevelt realized that the economy could not languish and that the government needed to step up and right the sinking ship. So he established the WPA, or Work Progress Administration, who’s priority was to put Americans back to work. They were hired to build federal highways, bridges, and other governmental projects rather than spend countless hours on bread lines, that served no purpose and just propagated the situation.

    It worked and faith was restored in the government’s ability to prop up the economy and the banks and stock market benefited as people once again had money to save and invest. But it took an act of faith by the government and the people that deficit spending will eventually prevail. The dollar was no longer backed by gold, but rather, a promise from the Federal Reserve. We still live with this economic by-product with federal deficit

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    ortunities that you don’t in the way of jobs and higher wages. While we consider various obstacles to border-crossers and fines for employers of illegals, isn’t it time you decided to take control of your own internal issues?

    You have several salient problems: (a) low wages, (b) low employment, (c) lack of incentives to new businesses wanting to enter Mexico, and (d) nationalization of property. The wage and employment troubles go back decades and are the result of old policies. Yet you share many of the US’s natural resources and should have a higher standard of living much like our northern neighbor, Canada. So what happened here in Mexico?

    I equate it to the post-war Depression in the US in the 1930’s when Americans lost faith in the US banks and began withdrawing savings and investments. President Roosevelt realized that the economy could not languish and that the government needed to step up and right the sinking ship. So he established the WPA, or Work Progress Administration, who’s priority was to put Americans back to work. They were hired to build federal highways, bridges, and other governmental projects rather than spend countless hours on bread lines, that served no purpose and just propagated the situation.

    It worked and faith was restored in the government’s ability to prop up the economy and the banks and stock market benefited as people once again had money to save and invest. But it took an act of faith by the government and the people that deficit spending will eventually prevail. The dollar was no longer backed by gold, but rather, a promise from the Federal Reserve. We still live with this economic by-product with federal defici

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    loyment troubles go back decades and are the result of old policies. Yet you share many of the US’s natural resources and should have a higher standard of living much like our northern neighbor, Canada. So what happened here in Mexico?

    I equate it to the post-war Depression in the US in the 1930’s when Americans lost faith in the US banks and began withdrawing savings and investments. President Roosevelt realized that the economy could not languish and that the government needed to step up and right the sinking ship. So he established the WPA, or Work Progress Administration, who’s priority was to put Americans back to work. They were hired to build federal highways, bridges, and other governmental projects rather than spend countless hours on bread lines, that served no purpose and just propagated the situation.

    It worked and faith was restored in the government’s ability to prop up the economy and the banks and stock market benefited as people once again had money to save and invest. But it took an act of faith by the government and the people that deficit spending will eventually prevail. The dollar was no longer backed by gold, but rather, a promise from the Federal Reserve. We still live with this economic by-product with federal defici

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    ed that the economy could not languish and that the government needed to step up and right the sinking ship. So he established the WPA, or Work Progress Administration, who’s priority was to put Americans back to work. They were hired to build federal highways, bridges, and other governmental projects rather than spend countless hours on bread lines, that served no purpose and just propagated the situation.

    It worked and faith was restored in the government’s ability to prop up the economy and the banks and stock market benefited as people once again had money to save and invest. But it took an act of faith by the government and the people that deficit spending will eventually prevail. The dollar was no longer backed by gold, but rather, a promise from the Federal Reserve. We still live with this economic by-product with federal defici

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    and faith was restored in the government’s ability to prop up the economy and the banks and stock market benefited as people once again had money to save and invest. But it took an act of faith by the government and the people that deficit spending will eventually prevail. The dollar was no longer backed by gold, but rather, a promise from the Federal Reserve. We still live with this economic by-product with federal deficits, but so what? We retain that better way of life as a result.

    So what am I saying as it relates to your country, El Presidente? Why not do the same thing; invest in your people. Put them to work for a decent wage while they rebuild the country’s roadways, bridges, dams, or whatever has been neglected for eons. Print the pesos needed without devaluing the currency. Offer work to whoever is able and get the country back on the right track. With higher employment and wages comes more investment because you will give banks low-interest money they can pass on in the form of car loans and mortgages to the people who need them. The banks will prosper, home building will benefit, and new businesses will pop up everywhere. Then, allow more foreigners the chance to set up shop and buy property by dropping the lousy nationalization policy that never worked or served any purpose. There would then be no impediment to outside companies from investing in Mexico as a long-term business partner and encourage free-enterprise expansion. Mexicans would be paid higher wages, pay more in taxes and the government would recoup it’s initial investment. The past corruption of state officials would be eliminated as they too would now also be making more money.

    Consider what I have said and realize that “nothing ventured, nothing gained,” is in play here. You will agree that something needs to be done and quickly, before all your people eventually become Americans as they abandon your country in increasingly record numbers. Then, when the economy is back to where it should be, you can sincerely say, “Viva Mexico!”

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