Sunday, November 8, 2009

Recession is NOT over

Porfirio Muñoz Ledo, president of the Comisión de Relaciones Exteriores of the Cámara de Diputados who you may know from the congress Dirige Tu Vida, qualified president Calderón's declaration about the end of the recession as nonsense and as a lie. Muñoz Ledo considers that there is no recuperation of the country's economy, as there isn't a project for new investments.


He stated that every piece of data point to the continuation of the slope, and that there is no reason for it to be the other way around because there are no economy growth factors present. He added that a clear sign that recession is not over is that there isn't an increase neither in consumption nor in exportations.

Muñoz Ledo further stated that for the life quality of Mexicans to change, the destitution of president Calderón is required, as he doesn't have the legitimacy or the basic orientation to improve the country's situation. He declared that as the President doesn't have majority in the Congress, he can't govern the country. As if that wasn't enough, he even said that we need to name an interim president to carry out an efficient reformation of the State, as the actual system doesn't work.

Source: "Es mentira que acabó recesión: Muñoz Ledo" Periódico El Imparcial [Hermosillo] 8 Nov 2009. General: 05