Bill Clinton lends voice to Mexican government bid for reforms

SF Examiner/SF Gage ^ | Oct. 10, 2003 | AP

[mountaineer]

MEXICO CITY -- Former U.S. President Bill Clinton voiced support Thursday for the kind of economic reforms that the Mexican government is seeking to pass through an opposition-dominated Congress.

Speaking at the end of a two-day seminar on "Economic Growth and Globalization" organized by the Bank of Mexico and the Mexican Senate, Clinton said structural reforms are "hard to do," but would attract capital and encourage Mexicans to keep their capital in the country.

[mountaineer]

Blubba continues his "globetrotting for pay" adventures, this time south of the border to tell yet another nation how to conduct its businss.

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[TADSLOS]

He and Jimmuh must be sharing a room.

[mountaineer]

You put your left hand out, and you shake it all about ...

(Orig. caption: Former President Bill Clinton speaks during an international seminar on globalization in Mexico City, Thursday, Oct. 9, 2003)

[mountaineer]

From another account of Clinton's speech:

Clinton attributed widespread opposition to globalization, such as that seen at last month's protests at the World Trade Organization meeting in the Mexican Caribbean resort of Cancun, in part to the lack of distribution of the benefits of a global economy.

"We all seem to have done a good job of protecting capital and intellectual property rights, but not labor and human rights," Clinton said. "You can't have a global economy without a global political understanding."

Clinton said he thought developing countries should continue to open doors to increased trade and investment, but also warned that Mexico "cannot become too fixated on trade." Japan in its heydays of the 1980s relied on trade for only 20% of GDP, and Germany, the most trade dependent economy in the European Union, generates two-thirds of its gross domestic product internally, Clinton said.

Mexico's economy, which has been struggling with only marginal growth the past two years, has been affected by a drop in demand in the U.S., which absorbs close to nine-tenth's of the country's exports. Both the Fox government and opposition legislators have begun addressing the need to develop the internal market to complement export-fueled growth, but are far from agreement about how to go about it.

The government is seeking opposition support to change the constitution in order to lift limitations on private electricity generators and drum up more private investment in the sector. The Fox administration also wants to make labor laws more flexible to facilitate hiring and firing by companies, and is seeking ways of increasing its tax collection, which is lower in terms of GDP than most industrialized nations and than a number of Mexico's Latin American peers.

Dow Jones

[aruanan]

Bill Clinton lends voice to Mexican government bid for reforms

We can only hope that Bubba tries to hit on some big shot's sister or wife in a Latino country!

[Eric in the Ozarks]

Jimmy Carter was also down there giving advice this week.

[yoe]

Bubba hasn't a clue, remember he and Jimmy gave the Panama Canal away...and now the Chinese own it. Bubba doesn't want an America anymore!

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[Pagey]

Clinton said reforms, however, have to be accompanied by greater distribution of the benefits.

Ahhhh, It sounds as if he's spreading The American Liberal Mantra of "to preserve and protect the welfare-regulatory state status quo at all costs" to the Mexican Government. That's really good going Billy Jeff, go spread your disease-ridden ideas down south.

[Pagey]

The Fox administration.....is seeking ways of increasing its tax collection.

Why am I not surprised he's down there, and totally in favor of that idea. I'll bet he actually believes the lies he tells himself. Example: That he "created the U.S. economy he oversaw for 8 years", which is beyond laughable.

[mountaineer]

Raise taxes, redistribute the wealth - yep, that sounds like a plan that Blubba really can sink his teeth into. He can't try it in the USA anymore (for the time being, anyway), so he may as well push it in Mexico.