Start by preparing all of your ingredients.
Add the oil to a large dutch oven, or deep skillet as this will all be cooked in one pot. Bring the oil up to medium heat.
Toss in the onion, bell pepper, and garlic, and cook for about 7 minutes.
Add in the ground chuck, and start breaking it up with a wooden spoon. Raise the temperature to about a medium high, and cook the meat until it begins to brown.
Add the lid to the top, with just a slight opening, and pour out the fat. Return the dutch oven back to the heat, and toss in the tomato paste. Give a good stir to cook the tomato paste, about 4 minutes or so.
Add in the crushed tomatoes, salt, pepper, cumin, oregano, hot sauce, and worchestershire sauce, and give that a good stir. Let this come to a simmer, then reduce the heat to low. Add in the olives, capers, raisins, and bay leaves. Give another good stir. Cover, and simmer for about 25 minutes to let all of the flavors meld together.
You are ready to plate.
Again, the Mexican picadillo can be served in a variety of ways. I served mine on a very thin omelet, on a bed of rice, and served with some sliced serrano chili peppers.
The end result is comfort. It's got this sweetness to it that keeps you wanting more. Then comes the olives and brininess from the capers that is just perfectly balanced. If you are looking for a one pot meal, that serves a bunch of people, give this one a shot.