VIDEO: Mexican president: Coronavirus bailout will help poor, not major companies

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BY TEAM DML / MARCH 24, 2020 /

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Mexican President Andres Manuel Lopez Obrador on Monday said the country’s coronavirus stimulus package will focus on helping the poor as opposed to major corporations.

“If we have to rescue someone, who do we have to rescue? The poor,” he said during a press conference, adding that more details of the plan would be revealed on Tuesday. “No more rescues in the style of the neo-liberal period, that provided for banks, big companies. They shouldn’t even be thinking that there will be tax forgiveness or other mechanisms that were used before.”

The article goes on to state the following:


On Monday, 367 cases of coronavirus were reported in Mexico, up from 316 the day before, with a total of four deaths in the country. Though local governments have taken upon themselves to cancel classes and public health officials have launched educational campaigns, little has been done to assure the Mexican workforce that if they miss days they’ll still be compensated. Lopez Obrador has yet to take drastic measures to enforce self-isolation and has even encouraged citizens to continue commerce as normal.

Lopez Obrador’s management of the pandemic has drawn ire from other international leaders, such as El Salvador’s President Nayib Bukele. Since the outbreak of coronavirus, the South American country mandated a 30-day quarantine for all its citizens, while supplying them with stimulus checks and halting rent collection.

“I’m begging [Mexico] to take drastic and overwhelming measures amid this pandemic, Mexico is a very big country and so should be its responsibility,” Bukele tweeted.


*Coronavirus cases worldwide: 396,211

*Total confirmed deaths: 17,250

*Recovered patients: 103,748

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