Results 1 to 4 of 4

Thread Information

Users Browsing this Thread

There are currently 1 users browsing this thread. (0 members and 1 guests)

  1. #1
    Senior Member
    Join Date
    Apr 2006
    Posts
    7,928

    Mexico's Calderon Slams Billionaire Carlos Slim

    Mexico's Calderon Slams Billionaire Carlos Slim

    Wednesday, February 11, 2009 9:23 PM

    MEXICO CITY - Mexican President Felipe Calderon took a swipe at billionaire Carlos Slim on Wednesday, saying people who have benefited most should give back during hard times, after the magnate warned of dire economic trouble.

    Calderon's government has been slow to acknowledge the U.S. economic slump is pushing Mexico toward recession and Slim upset the government this week by warning Mexico is lurching toward a deep recession and mass unemployment.

    "We are all obliged to support Mexico, particularly in these difficult times, and especially those who benefited most from this great nation," said Calderon, whose popularity will be tested in mid-term congressional elections in July.

    Slim, ranked the world's second-richest man, was born to a Lebanese immigrant and made millions buying up struggling companies and turning them into profitable cash cows.

    Mexico's economy is expected to shrink around 1 percent this year because of a slump in U.S. demand for manufactured exports like cars and refrigerators.

    Hoping to limit the effect of the U.S. recession, Calderon has frozen fuel prices and freed up funds to help factories avoid layoffs, as well as other measures.

    Slim built his fortune with dominant Mexican telephone operator Telmex, which he bought from the government in the 1990s and turned into one of Latin America's most successful companies.

    Government officials have accused Slim of exaggerating the depth of the economic drop-off. Labor Minister Javier Lozano challenged Slim on Tuesday to guarantee that no workers would lose their jobs at Telmex or America Movil, the leading cellphone operator that he also controls.

    Mexico's finance ministry forecasts the economy will not grow in 2009, although officials have said they will probably further reduce that outlook.

    Slim is often accused of stifling competition in Mexico and retarding the country's growth through his dominance of the telecom industry.

    Hurt by the economic slowdown and a violent drug war, support for Calderon's National Action Party, or PAN, is slipping, according to a poll released this week.

    http://www.newsmax.com/international/me ... 80892.html
    Join our efforts to Secure America's Borders and End Illegal Immigration by Joining ALIPAC's E-Mail Alerts network (CLICK HERE)

  2. #2
    Senior Member WorriedAmerican's Avatar
    Join Date
    Nov 2007
    Location
    Maine
    Posts
    4,498

    Re: Mexico's Calderon Slams Billionaire Carlos Slim

    Mexican President Felipe Calderon took a swipe at billionaire Carlos Slim on Wednesday, saying people who have benefited most should give back during hard times, after the magnate warned of dire economic trouble.

    That's exactly what I said!
    Look to your own rich people and leave our American dollars alone!
    If Palestine puts down their guns, there will be peace.
    If Israel puts down their guns there will be no more Israel.
    Dick Morris

  3. #3
    Senior Member Ratbstard's Avatar
    Join Date
    Nov 2007
    Location
    New Alien City-(formerly New York City)
    Posts
    12,611
    Slim, ranked the world's second-richest man, was born to a Lebanese immigrant
    Holy Cow! Does La Raza know about this?
    Join our efforts to Secure America's Borders and End Illegal Immigration by Joining ALIPAC's E-Mail Alerts network (CLICK HERE)

  4. #4
    Senior Member WorriedAmerican's Avatar
    Join Date
    Nov 2007
    Location
    Maine
    Posts
    4,498
    Holy Cow! Does La Raza know about this?


    Maybe ACORN will send them their 4.1 BILLION of the pork Package!
    OR
    Maybe the 2 million they got from Bank of America!
    If Palestine puts down their guns, there will be peace.
    If Israel puts down their guns there will be no more Israel.
    Dick Morris

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •