22 Feb

The Secretary of the Treasury and Public Credit (SHCP), Ernesto Cordero, said this last Monday that the country’s economic growth and moderate inflation, have allowed Mexican families’ feel the economic recovery in their pockets. “

The federal official praised Mexico’s families stating that they are “real fighters, ” since with an income of 6 thousand pesos per month (500 dolars aproximately) they have  credit for housing and cars, and also “given the time to send their children to a private school and paying shool fees “

At a press conference, said the 5.5% growth in Gross Domestic Product (GDP) in 2010 is the highest in the last 10 years, but admitted that there is always the perception among Mexicans that “worse”the situation.

“Economic recovery is a topic that has different areas where certainly the perception that Mexicans have different issues and different things is always worse than the data show, ” he said.

The economic issue, he added, is no exception. “Always, for some reason, Mexicans are probably the most demanding with regard to what we would like, and that means that we always have a slightly more negative perception of what the hard data show. “

According to Cordero, the findings “very strong” showing the Mexican economic growth.

“The moment that we have inflation in single digits and carry and the trend for almost a decade is very important, because it means that families can get from TV, from a washing machine, vehicle, housing, under much more favorable than those obtained when there is an inflationary process more than two digits, for example, and not to mention three, “he said.

According to the latest report prepared by the National Institute of Statistics and Geography (INEGI), the Consumer Confidence Index (CCI) has not reached pre-crisis levels, as recorded above 100 points, as in the corresponding report to January, the perception of consumers reached 92.3 points.

According to Ernesto Cordero, macroeconomic stability is reflected in the families where they can buy a car, they can buy a home, they can buy durable, they can send their children to school, thus reflects, in many other things.

The former minister of Social Development also boasted the 730 000 jobs created during 2010. “They are 730 000 families without a job at the beginning of 2010 and now they do, I think that is also very important, and these are families who are building their income, ” he said.

The owner of the SHCP said the violence in the country because of the fight against drug trafficking, which has killed 35 000 people in four years, does not affect economic activity and GDP growth.

“As I mentioned earlier, there is no evidence that nationally, of which the aggregate level, economic activity has diminished due to some problems that are facing some very specific areas in some parts of the country, “he said .

However, business organizations like the Business Coordinating Council (CCE), the Employers Confederation of Mexico (Coparmex), the Confederation of Industrial Chambers (Concamin) and the Confederation of National Chambers of Commerce (Concanaco), among others, have expressed at different times that insecurity has affected economic activity, mainly in the north of the country.

Also BBVA Bancomer analysts have noted that violence is “an obstacle” to economic growth, affecting one percentage point of GDP.

However, to Ernesto Cordero “there is no evidence, and proof of that is the growth rate of 5.5%, the highest in the last ten years, “he said.


Is clear that this asshole is talking about another country other than Mexico. A country that only exists in your mind away from reality.

The title of this article is for 2 reasons: first ,Ernesto Cordero must shut up his mouth, because he only speaks pure bullshit and secondly, by the millions of Mexicans who are affected by decisions of this little guy and remain apathetic and in silent as lambs heading for slaughter.

According to the Federal Institute of Access to Information (IFAI), the monthly income of minister of finance Ernesto Cordero is broken down as follows:

* Base Salary 32,813.14 pesos
* Guaranteed compensation 172,308.91 pesos
* 205,122.05 pesos total gross salary
* Total net 145,613.98 pesos

Benefits of Ernesto Cordero

* Institutional Security 40 months of monthly gross ordinary perception
* Safe removal of $ 12.500 to $ 25.000 depending on years of service.
* Private health insurance general minimum wage of 333 monthly wage in the Federal District
* Premium holiday 50 percent of base salary 10 days tabulated each of the two holiday periods due to them.
* Aguinaldo 40 days of basic salary tabular
* Automobile and free gasoline

Hence, the heads of the institutions can not understand what’s happening in our Mexican economy, or inflation ,or the minimum wage, and all the variables that affect our nation as they do not have to go through this problem because of their generous salaries.

The obvious question is: why Mexican officials have such exorbitant wages if they do not know their job and come to learn? Their salaries are paid with our taxes, but who determines these amounts?  This situation is a mockery of all Mexicans living on with an income of 6000 pesos per month and support the monthly price increases in fuel and food.



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