When the former president of Mexico appeared in public, people mocked him by barking in his direction. He was referred to as “El Perro” (The Dog) and his mansion overlooking Mexico City became known as “Dog Hill.”
From 1976 to 1982, Jose Lopez Portillo y Pachecho ruled Mexico. It became the world’s fourth largest oil producer during this period, but when oil prices fell in the early ’80s, inflation soared. In response, Lopez Portillo promised to defend the peso “like a dog.” In 1982, he devalued it by 41.7 percent.
Lopez Portillo presided over an administration known for its nepotism, graft and corruption. He gave political asylum to foreign exiles and offered amnesty to Mexican political prisoners and leftists. At the same time, he allowed suspected dissidents to be persecuted, kidnapped and murdered in what became known as Mexico’s “dirty war.”
After nationalizing the banking industry, Lopez Portillo left the presidential palace in disgrace, handing over a country in severe economic crisis to his successor Miguel de la Madrid. In his final address to Congress, Lopez Portillo broke down in tears and apologized to the poor people of Mexico.
Born in 1920, Lopez Portillo studied law at the National Autonomous University of Mexico. He practiced for a short time, then returned to his alma mater to teach political science. At 39, he joined the Institutional Revolutionary Party and worked his way up through the administrative ranks. After spending three years as finance minister under former president Luis Echeverria, Lopez Portillo was nominated for the presidency and ran unopposed.
Lopez Portillo died on Feb. 17 from complications of pneumonia. He was 83.
Jose Lopez Portillo
Categories: Politicians