$24,000,000,000.00 (That's Billion) Sent "Home" To Mexico

Red State ^ | April 19, 2008

[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.

[ZULU]

I can’t imagine any other President permitting such a disgrace to occur.

Jorge El Segundo is the worst, most despicable excuse for a President, a man, and an American that we have ever seen in the White House.

Now, freed from any need to please his constituents, he and his allies in Congress on both sides of the isle, are sacrificing America on the altar of internationalism. They are tossing out the effort of thousands of Americans in every generation since the first European footsteps on this continent in order to forward their own agenda of internationalism.

[television is just wrong]

Gee, that would have gone far to cover like California’s state deficit.

[donmeaker]

The sucking sound was supposed to be jobs leaving the US for Mexico. In fact, the jobs left Mexico for the US.

So long as money goes to Mexico, we can keep printing more. Only when people in Mexico spend money in the US (like buying US airliners from Boeing) does the money come back to the US.