It's modelo for sure. But it's not as cheap as some of the others. Back in the day I used to stomach Old English, Mickey's, Steele Reserve -- those are cheap "malt liquors," which used to come in glass 40 oz bottles. Mickey's even had a green glass bottle. Those were amazing to carry around on a weekend night. You could also play Edward 40' hands with those, which I don't recommend.
This was before IPAs busted onto the scene, so these malt liquors were rarities being both cheap and high ABV. Hey, you gotta start somewhere. And if you can handle the trash, the good stuff tastes even better and more nuanced.
Much more recently, I got a big mystery box of cheap "regular" beer and was able to sample, side by side and all at once, bud, coors, pacifico, heineken, michelob, PBR, 805, a local brand, you name it, and Modelo. It was basically a blind test, and modelo won because it had a nicer hop and wasnt as sweet or succulent as the others. It's amazing what a side-by-side blind test can tell you -- I never would have guessed the results -- but I wasn't surprised Michelob was dead last.