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Calderón Says Full Recovery Long Way Off
 The News
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April 09, 2010
 |  | We must not rest on our laurels; we still have a lot to do to reach a full recovery... but I think that we are on the right track.
- President Calderón |  | | |
Morelia – President Felipe Calderón yesterday said that the country should not “rest on its laurels” as signs of economic recovery become visible after a dark financial crisis last year.
“We must not rest on our laurels; we still have a lot to do to reach a full recovery... but I think that we are on the right track,” Calderón said at the inauguration of the El Carrizo-La Cofradía Bridge in Michoacán, the President’s native State.
Public works have generated 290,000 jobs between January and March 2010, which is a good sign of recovery, Calderón said. It is also the second highest number of jobs generated by public work projects during the past ten years, he added.
Calderón said that more public work projects should be promoted nationwide, including infrastructure projects managed by the private sector, as private investment is the most important source of employment in the country.
He said that he federal government invested in infrastructure as a means of generating employment and of advancing development of the country.
Public investments in infrastructures under the current administration are twice as high as those made under the government of Ernesto Zedillo Ponce de León, who governed the country between 1994 and 2000, and they are much higher than the budget spent on public infrastructures under Vicente Fox’s administration, Calderón said.
He stated that the federal government invested 324 million pesos on the construction of the distributor road in Michoacán, the largest infrastructure project in the State’s capital, generating 600 direct jobs and 2,400 indirect jobs. He also said that public authorities needed to work harder on issues that concern the inhabitants of Michoacán, including security, “an issue to which the federal government is strongly committed.”
“It is our responsibility as a nation to defend the individual rights acquired by the heroes of the Mexican Independence and of the Mexican Revolution. It is our responsibility to allow each Mexican to live in peace and to progress professionally. It is our duty to enable each citizen to defend the interests of their families and of their homeland through their own hard work,” the President said.
Mexico’s economy contracted 6.5 percent last year as the recession in the U.S., which buys about 80 percent of Mexico’s exports, crippled manufacturing and job growth in Latin America’s second-largest economy.
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