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Here’s what I think about the political changes in El Salvador that would allow another presidential term:
1. Salvadorans should be able to determine their own government and vote for anyone they want, without outside interference or lectures.
2. Critics should be asked how many times they’ve visited El Salvador. I’ve noticed the answer is almost always zero. I’ve been there three times since 2023. Based on my conversations with many Salvadorans -- store owners, professionals, entrepreneurs, taxi drivers, and especially women and young people -- President Bukele is overwhelmingly viewed as a national hero, certainly on par with historical figures like Singapore’s Lee Kuan Yew (who was prime minister for 31 years). When I think about someone telling the Salvadorans I’ve spoken to that they shouldn’t be able to vote the way they want “because constitution,” I laugh.
3. Investors (especially international ones) always want consistent government policies. They don’t like uncertainty. Another presidential term would mean that El Salvador’s current wave of investment and growth would expand. Multiple sectors would benefit: tourism, manufacturing, technology, and infrastructure including new housing development for Salvadorans.
4. The sovereign bond market loves Bukele. Another presidential term would mean that El Salvador’s debt, already a top global performer in the past few years, would remain attractive. This is important and would benefit the country in many ways.
5. See #1 above. Repeat.
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