Failure to Approve Stimulus Plan Will Lead to Immigration Tsunami:
Posted : Fri, 06 Feb 2009 15:08:34 GMT

Failure to approve President Obama's stimulus plan will spread chaos across Latin America and the world, causing widespread unemployment, intensifying hunger and poverty, and sparking waves of unregulated immigration, according to a statement by Freydell+Torres Diversity.

Freydell+Torres Diversity is an advertising agency servicing Latino and other diversity communities in the United States, with clients in the non-profit, insurance and telecommunications sectors.

Partners Humberto Freydell and Carlos Torres urge swift passage of President Obama's economic plan, warning that "stalling the process while awaiting an ideal plan will have devastating effects on the Hispanic and other diversity communities in this country."

"Immigrant communities with strong ties to their home countries play a critical role in maintaining those countries' economies," the Freydell+Torres Diversity statement said. Stopping this source of income "could lead to regional economic collapses, causing widespread unemployment, increased hunger and poverty, unprecedented social unrest, and opening the door wide for political demagogues."

Freydell+Torres Diversity warned "this in turn would boomerang as an immigration tsunami."

"We urge Congress to put politics aside, act swiftly and deliver the bill on the President's desk as soon as possible. There's too much at stake," the statement concluded.


Below is a full text of the Freydell+Torres Diversity statement.

Failure to approve stimulus plan will spread chaos across Latin America and the world. Time to act now!

We ask Congress for swift approval of President Obama's economic stimulus plan.

While we know this plan may not be perfect, we have no doubt that stalling the process while awaiting the ideal plan will have devastating effects on the Hispanic and other diversity communities in this country.

The recession is punishing Latino and other immigrant communities, eroding their purchasing power and reducing their regular remittances to their countries of origin.

Given the critical role these remittances play on economies across the globe, further reductions could lead to regional economic collapses, causing widespread unemployment, increased hunger and poverty, and unprecedented social unrest, opening the door for political demagogues.

This in turn would boomerang as an immigration tsunami.

As voters and as business people serving the Latino and other diversity communities, we urge Congress to put politics aside, act swiftly and deliver the bill on the President's desk as soon as possible. There's too much at stake.
Humberto FreydellCarlos F. Torres

SOURCE Freydell+Torres Diversity


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