And I have NOT sent in ANY $$$ to them. And I won't.
Click the Pic
Posted on 04/19/2008 5:12:20 PM PDT by Clintonfatigued
In 2007, "remittances," money sent back by Mexican workers to families in Mexico, beat out tourism as the second largest source of foreign money into the country. Only oil exports accounted for more.
That is $24 billion that was taken out of the American economy. It was not spent in American stores. Best Buy sold fewer televisions. Ford sold fewer cars and trucks. Winn Dixie and Safeway sold fewer groceries. U.S. Steel sold less steel. And yes, even Exxon/Mobil sold less gasoline than it could have. Those fewer sales curtailed the growth of jobs for Americans in those companies. It was taken completely out of our economy.
Most of this $24 billion was earned by illegals. That is not my statistic, it comes from the Mexican Government. According to the Washington Post.
Still, an estimated 400,000 to 650,000 Mexicans -- three-quarters of whom are undocumented -- cross the border each year to look for work in the United States, according to Mexican government estimates.
And it has really helped out down in ol' Mexico.
The money has transformed the landscape of many small towns, paying for new houses and new kitchens, cars and childcare, medical care and clothes.
So we know they paid the mortgages in Mexico. What about all the Mexicans in America that are having their homes foreclosed on in record numbers? How many mortgage payments were sent to Mexico instead of to American mortgage companies? How many American neighborhoods could have kept up their property values if not for so many of these foreclosures?
So not only did the money not stay in the United States, it was earned without paying federal or state income taxes, Social Security taxes, or Medicare taxes.
(Excerpt) Read more at redstate.com ...
“Ford sold fewer cars and trucks...And yes, even Exxon/Mobil sold less gasoline than it could have.”
Ford, Exxon and many other of these companies are also in Mexico. The only reason Ford sells less cars is because they make crap. I’d rather pay a Mexican $3/hr to pick strawberries than a union member $30/hr.
In fact, due to the lower cost of final goods patially due to lower labor cost most like drives higher overall sales.
Keeping illegals out is one thing, but the article author making bogus economic arguments is another. Just stick to the security issues.
At least they worked for it not like the usual foreign FREE aid we dole out
Very weird.
http://www.wnd.com/index.php?fa=PAGE.view&pageId=61861
“The bottom line, which you need to know for your own bottom line, is that U.S. taxpayers are giving more than $9,000 a year in cash or benefits to each immigrant, a third of whom are in the country illegally. That’s $36,000 for each immigrant household of four.
Because the U.S. has 37 million immigrants, legal and illegal, the national cost was more than $346 billion last year, which was twice our fiscal deficit. The cost of immigrants is so high because, as Rubenstein writes, “Immigrants are poorer, pay less tax and are more likely to receive public benefits than natives.”
Her source for the article is a new research paper that just came out and is hot linked. Good luck.
Financial transfers are not a part of the balance of trade, they’re a part of the current account, and it’s far from clear that a current account deficit is in fact a bad thing.
Thanks
Don’t forget clinton and gore’s Citizenship USA.
“This certainly should be figured into our balance of trade deficit. We are also stuck with paying billions in tax dollars for the education, medication, and incarceration of illegals every year. Talk about a losing deal all the way around.”
Just the tip of the iceberg. Add in trashed houses and neighborhoods they leave behind, the cost of theft and vandalism as more of them are out of work (empty refis and foreclosed houses are being stripped, just like in the late 80’s early 90’s)e, the increase in crime in the areas they live and the cost to law enforcement, the cost to our environment as they drive unsmogged and undocumented cars and trucks (stealing registration forms and stickers are a BIG business in the Bay Area, the police flat out told me NOT to keep my registration the car anymore, they break in specifically to get it), and the cost of cleaning up the border states where they have trashed the environment where they cross. (And the cost to live stock stolen and eaten down there).
Then, add in the cost of the drug war, because all that money flowing back to Mexico helps prop up the drug lords there. If you don’t think that the drug cartels own the Mexican government lock stock and barrel, you are a customer of their products. I’ve said all along, and been called crazy, that the drug cartels have a lot more to do with the borders than the US government will admit - we could have an all out war on our border if we truly cut off the cartel’s money.
Mexico has been the met addicts running a crack house and meth lab next door for too long, it needs to be dealt with. Either by diplomacy, or tanks. Until then, there will be no end to what we’re dealing with - as soon as the economy recovers even slightly, they’ll flood over the border again in bigger and bigger numbers, and our President and Congress and Senate will ignore the issue again once.
Are you quite sure about that? Those are dollars, so they're going to have to be spent on American products or invested in American assets eventually.* Is it really that different if the products they buy are owned by Mexicans in Mexico instead of Mexicans in America?
*The only alternative would be for Mexicans to continue to circulate them within Mexico instead of converting them into pesos. It seems unlikely this would happen on a large scale, but were it to the only effect would be to reduce the supply of the dollar in the US (somewhat countering the Fed's inflationary easing of the money supply).
And yet the libs continue to put the blame for our shaky economy on evil corporations like the oil companies and greedy Wall Street investors - that $24B spent here in the US could have helped create a lot of jobs and tax revenues.......
Give a man a fish and he eats for a day. Teach a man to fish and he raids your prize bass pond.
$24B Ping!
If you want on, or off this S. Texas/Mexico ping list, please FReepMail me.
While lefties get more vocal pushing their agenda and Conservatives sit idly by, our deficit grows, our state and local governments are broke, hospitals are closing, schools are failing and here we sit.
And the Washington Post is more concerned about Mexico’s well-being than that of the American People.
Most of this $24 billion was earned by illegals. That is not my statistic, it comes from the Mexican Government. According to the Washington Post.
- - - - - - - -
$24 BILLION ?!?!?!
That's a LOT of tacos!!
Over a year ago (maybe 2 years??) I got a "Republican Census" reply form and I had to WRITE IN "Seal the border" and "Enforce immigration laws" as my top priority for the GOP to work on. On the section where they were asking for a $$ contribution, I wrote "not ONE penny until the GOP gets SERIOUS about immigration: SEAL the border and ENFORCE immigration laws!".
And I have NOT sent in ANY $$$ to them. And I won't.
I have ANOTHER census form I haven't filled out as yet. I just looked an under Domestic Issues the TOP item is:
1. Do you agree that we must stop illegal immigration??
Well, at least we're making SOME progress! However little it might be.
Click the Pic
Hugh Money Laundering Ping!
Very, very interesting. Articles in January and February were telling us that remittances were down due to the horrible economy here in Los Estados Unidos.
If $24 billion is down...
50% tax on all wire transfers and Western Union transfers to Mexico.
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