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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers

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To: marcos who wrote (14925)7/1/2006 8:10:11 PM
From: LoneClone  Read Replies (1) of 78419
 
I've been doing some reading on the Mexican election today, and I think the most important point that I came across is that the new president, no matter who he turns out to be, will be even less able to make any kind of drastic changes than Fox was.

Ironically, the reason is that for the first time Mexico has a truly functioning democracy. The two main parties are neck and neck, and the third party close enough behind that no one will have a majority in the Mexican legislative body, and none of the presidential candidates will be able to claim moral authority by winning 50% of the vote. None of the three front runners will even come close.

So for better AND for worse, you'll have a president elected by just over a third of those who voted, and a deeply divided legislature, not a recipe for beginning any kind of serious reform. Any reform that does get carried out will reflect yet another meaning of the term "liberal" -- consensus built from bargaining between contending coalitions within Mexican political society.

PS Do you want to know how to confuse an American ideologue? Tell him that the Dutch government that just resigned was led by a party called the Liberal Conservatives, and ask him to describe their policies...

LC
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