- José López Portillo
Infobox_President | name=José López Portillo y Pacheco
office = President of Mexico
December 1, 1976
November 30, 1982
Miguel de la Madrid
death_date=death date and age|2004|2|17|1920|6|16
Institutional Revolutionary Party
José López Portillo y Pacheco (
June 16 1920– February 17 2004) was the President of Mexicofrom 1976 to 1982.
Mexico City, López Portillo studied Lawat the National Autonomous University of Mexico(UNAM) before beginning his political career with the Institutional Revolutionary Party(PRI) in 1959. He held several positions in the administrations of his two predecessors before being appointed to serve as finance minister under Luis Echeverría, a close friend, from 1973 to 1975.
López Portillo undertook an ambitious program to promote Mexico's economic development with revenues stemming from the discovery of new petroleum reserves in the states of
Veracruzand Tabascoby Petróleos Mexicanos(Pemex), the country's publicly owned oil company.
López Portillo undertook actions which were highly controversial with respect to the international banking establishment. One of his last actions as president, announced during his annual State of the Nation address on
September 1 1982, was to order the nationalizationof the country's banking system.
His opponents internationally and domestically accused López Portillo of "rampant corruption," "excessive overseas borrowing," galloping inflation (which continued with his successor), and responsibility for devaluations of the peso.
His obituary in the "
New York Times" referred to his well publicized generosity toward his one time mistress, Rosa Luz Alegríaas "a symbol of the era's political decadence". He bought her a US$2 million mansion in Acapulco.
In the year leading to the end of his term as president,
December 1, 1982, López Portillo personally chose two candidates as possibilities to replace himself, following the succession ritual established by the PRIparty. One, Javier García Paniaguawould be the anointed one if a man of greater political skill were needed, and the other, ultimately his successor Miguel de la Madrid Hurtadowas chosen for his financial and administrative skills, deemed much more necessary after the devaluation of the peso in February 1982 and the subsequent economic. Mauricio González de la Garzawrote a book during this time period, "Última Llamada" or "Last Call" meant as a wake-up call for a democratic Mexico. The publication of the book was a catalyst for change in Mexican Politics. Among other effects the publication of the book brought threats and persecution to González de la Garza, prompting him to seek sanctuary in Falfurrias, Texasfor a period of time.
Jimmy Carterduring a welcoming ceremony in Mexico City(1979).] In 1995, López Portillo married his long time mistress, the Yugoslavian-born actress Sasha Montenegro. They had two children but separated years later. Legal battles erupted between Montenegro and the children from his first marriage, to Carmen Romano. As of 2005 legal battles over the fortune of the ex-president continue. It is claimed that López Portillo and Sasha Montenegrowere lovers when he was President, and that her relationship with the President gave her considerable support in building her career farther into the 1980s.Fact|date=February 2007
He was the brother of late Mexican novelist
Margarita López Portillowho died on May 8, 2006of natural causes. She was the Director of all Film and Radio as well as Television under her brother and fairly responsible for the corruption of the time in many areas of the entertainment industry, which included the protection of Sasha Montenegrofrom the Press and her future in-laws.
:"¡Defenderé el peso como un perro!" – "I will defend the peso like a dog!" It earned him the nickname 'El perro' (The dog) and having people barking at him. 1981.
:"Ya nos saquearon. México no se ha acabado. ¡No nos volverán a saquear!" – "We have already been ransacked. Mexico is not finished. They will not ransack us again!"
September 1 1982.
:"¡Mi hijo es el orgullo de mi nepotismo!" – "My son is the pride of my nepotism."
:"En el mundo de la economía los paises se dividen en dos: los que tienen petróleo y los que no lo tienen. ¡Y nosotros lo tenemos! – "In the world of economy, countries are divided in two: those that have oil and those that don't have it. And we have it!"
:"¡Vamos a administrar la abundancia!" – "We are going to manage abundance!"
* KANDELL, J. [http://select.nytimes.com/gst/abstract.html?res=F20F12FF38590C7A8DDDAB0894DC404482&n=Top%2fReference%2fTimes%20Topics%2fSubjects%2fD%2fDeaths%20%28Obituaries%29 José López Portillo, Ex-President of Mexico, Dies at 83 (subscription needed)] , "New York Times" February 19, 2004 - article by same author reproduced here [http://www.latinamericanstudies.org/mexico/portillo-obituary.htm]
* [http://www.cnn.com/2004/WORLD/americas/02/18/obit.lopez.ap/ Mexico's ex-president Lopez Portillo dies] , "CNN.com", February 18, 2004.
* GUNSON, P. [http://www.guardian.co.uk/obituaries/story/0,3604,1152068,00.html José López Portillo: Mexico's most reviled president] , "The Guardian", February 20, 2004.
* ILIFF, L. Few mourn ex-Mexican leader, "Dallas Morning News", February 18, 2004 reproduced here [http://www.latinamericanstudies.org/mexico/mourn.htm]
* DOYLE, Kate (ed.). [http://www.gwu.edu/~nsarchiv/NSAEBB/NSAEBB115/index.htm Prelude to Disaster: José López Portillo and the Crash of 1976] , National Security Archive Electronic Briefing Book No. 115.
NAME = Lopez Portillo, Jose
ALTERNATIVE NAMES = López Portillo, José (Spanish); López Portillo y Pacheco, José (Spanish)
SHORT DESCRIPTION = President of Mexico (1976 - 1982)
DATE OF BIRTH = 1920-06-16
PLACE OF BIRTH =
Mexico City, Mexico
DATE OF DEATH = 2004-02-17
PLACE OF DEATH =
Mexico City, Mexico
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