People’s Mañanera September 9
Every day, President Claudia Sheinbaum gives a morning presidential press conference and Mexico Solidarity Media posts English language summaries, translated by Mexico Solidarity’s Pedro Gellert. Previous press conference summaries are available here.
2027 Economic Package: Well-Being for the People
Without any new taxes or gas price hikes in the works, government well-being programs and public investment are guaranteed. In 2027, 1.1 trillion pesos (US$59.21 billion) will be earmarked for well-being programs. Under the Fourth Transformation, 13.5 million people were lifted out of poverty. President Claudia Sheinbaum explained that “there would be no point in generating more wealth if inequalities remain the same.”
Fobaproa: The Private Debt the People Continue to Pay
In 2027, a total of 48 billion pesos (US$2.84 billion) will go to the Bank Savings Protection Institute (IPAB), a legacy of the Bank Savings Protection Fund (Fobaproa). Although 1.6 trillion pesos (US$94 billion) have been paid, the debt continues to be refinanced. Now, bank payments will no longer be tax-deductible. The President announced that “we will present a fully detailed report on how Fobaproa was created.”
Pemex: Never Again Will It Be a Petty Cash Fund
Under former president Enrique Peña Nieto, Pemex’s debt grew by 129.5%; under the 4T administration, it has been reduced by nearly US$20 billion. Pemex is now being supported in paying off its debt, and the debt is no longer charged to Pemex.
Security: Less Violence, More Peace
Intentional homicides fell by 53%—46 fewer each day. Under Calderón, homicides rose by 148%, a strategy that Sheinbaum described as “a state of emergency without declaring it as such.” Today, the focus is on the root causes, intelligence work, and coordination.
Sovereignty: Representing Only Mexico
Anyone aspiring to become president or a state governor must represent Mexico exclusively, without prejudice to those with dual citizenship. The President stated that “they cannot swear allegiance to two flags because they represent only one nation.” To govern is to defend Mexico.
Lie Detector
- It is not true that President Claudia Sheinbaum was booed during an event in Colima.
- It is not true that Mexico’s public finances are facing structural weakening or that the country is losing credibility and the trust of international markets and foreign investors.
- It is not true that the Mexican government’s scholarships and stipends consist solely of giving away or “handing out money” without any requirements.
- It is not true that the Olmeca Refinery in Dos Bocas is inoperative and “is not even functioning at 20%” of its capacity.
- It is not true that President Sheinbaum proposed a bill to prohibit senior citizens from using cell phones and driving motor vehicles.
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Dialogue Between Lutnick and President Sheinbaum Will Be Useful in Trade Negotiations, Ebrard Says
Economy Secretary Marcelo Ebrard called the U.S. commerce chief’s meeting with Sheinbaum cordial as both countries prepare a fourth round of USMCA review talks this month.
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Mexico Has Paid 1.6 Trillion Pesos on the Fobaproa Bank Bailout, yet the Debt Keeps Growing: “A Scam,” Says the Finance Secretary
A 1990s bailout that turned private bank losses into public debt. Serviced with interest alone, it now claims 48 billion pesos of the 2027 budget.
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Mexico Turns to China as U.S. Threats Mount – Soberanía 123
Mexico’s foreign minister visits China as Beijing backs its sovereignty, the 2027 economic package targets tax-evading “factureras,” and Televisa peddles a dubious smear against a Morena senator.
