High oil prices swelled profits at Pemex, the government's main cash cow. (The company remits more than 60 percent of its gross income to the Mexican government, leaving little cash for exploration or maintenance.) Remittances from Mexicans abroad also accelerated, going from less than $10 billion in 2002 to a projected $24 billion in 2006.
Stability aside, Cortes remarked, "(Fox) hasn't achieved any of his important projects."
But that didn't stop the president from returning to what he did best: campaigning. Los Pinos (the presidency) aired an endless stream of TV and radio commercials and erected signs along many of the Republic's major highways boasting of the “Gobierno de Cambio” (government of change). Many Mexicans didn't believe it, but Fox remained somewhat popular. The propaganda, though, confused the residents of one Veracruz hamlet, who changed their town's name to Licenciado Vicente Fox Quesada in a bid to avoid missing out on the supposed largess flowing from Los Pinos. (More importantly for one resident commenting in Mexico City newspaper El Universal: “Most of the town is illiterate and this is one of the few names everyone could remember.”)
Fox's successor, Felipe Calderon, also spoke of change and made numerous promises during the 2006 presidential race. Unlike Fox, many analysts, including Cortes, give Calderon a better chance of succeeding.
"(Calderon's) intelligent, an able negotiator (and) much more prudent," Cortes said.
Perhaps more importantly, "He thinks a lot more prior to opening his mouth."
David Agren is a freelance journalist
living in Guadalajara.
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