Article posted on Hispanic business forum

[GFC]

U.S. Economy Would Collapse if Immigrant Flow Is Stopped, Study Says
NationalBy Isaac Garrido -


The U.S. economy would collapse if the flow of Latin American immigrants is stopped, Inter-American Development Bank officials said as they released a report Wednesday on the money immigrants sent home.

According to the report, called "Sending Home Money: Leveraging the Development Impact of Remittances," 12.6 million Latin American immigrants in the United States will send about $45 billion to their home countries this year.

IDB's Multilateral Investment Fund, a bank that promotes private investment, commissioned Bendixen and Associates, a U.S. independent polling and research firm, to conduct a survey of immigrants.

The firm also did interviews with focus groups of remittance senders living in New York, Los Angeles and Miami and recipients in Mexico, Colombia, El Salvador, Guatemala, Ecuador, the Dominican Republic, Jamaica and Haiti.

The total estimated income of Latin Americans in the U.S. for 2006 is about $500 billion, and according to the report, 90 percent of that stays in the United States.

Donald F. Terry, manager of IDB's Multilateral Investment Fund, said that, if the U.S. government stops immigration, the United States economy would collapse, as the source of dynamism and growth for the U.S. economy would be lost.

"There is a match. There is a development imbalance, and there is demographic imbalance. Latin Americans need jobs; the United States needs workers. The equation is very obvious," Terry said.

"Young people who come from Latin America come to find work here because of the dynamism of the U.S. economy, but they contribute to the dynamism of that economy," Terry said.

The report showed the number of Latin American immigrants who send money home on a regular basis has risen from 61 percent in 2004, to 73 percent in 2006, and the average amount sent went from $240 to $300 in the same period.

According to the report, the states where more money is sent to Latin American are California with $13.19 billion; Texas, $5.22 billion; New York, $3.71 billion; Florida, $3.08 billion; Illinois, $ 2.58 billion; New Jersey, $1.87; Georgia, $1.73 billion; Arizona, $1.37 billion; North Carolina, $1.22; and Virginia, $1.11 billion.

Pollster Sergio Bendixen, president of Bendixen & Associates, said that if the wishes of some persons in the U.S. Congress became true and the flow of legal or illegal immigration were cut off, the American economy would collapse.

Bendixen pointed out Latin American immigrants' contributions to sectors such as agriculture, construction, tourism and service industries and highlighted the contribution they made to both the U.S. and their home countries.

The report said that Mexico will be the major recipient of remittances this year, getting $20 billion, but blocking immigration at the border could change that.

"The authorities might achieve the process to be harder, but they will never be able to stop it," Bendixen said.

The report also showed that immigrants are increasingly using banks and credit unions to transfer money.

In 2004, international money transfers companies such as Money Gram and Western Union did 78 percent of remittance transactions. During 2006, the use of wire services has decreased to 63 percent.

The study found that bank use rose from 8 percent in 2004 to 19 percent in 2006.

Bendixen and Associates did Spanish-language telephone interviews with 2,511 Latin American immigrants May 3-25. The poll has a margin of error of 2 percent points.

To read the entire study, click below:

http://www.iadb.org/news/docs/remittances_EN.pdf
www.latinorepublican.com
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[loservillelabor]

This fear mongering has got to go. We can get all the immigrants we want after ridding ourselves of the scofflaws that have forced their way in here. We could even have a selection process like Mexico and Canada use where immigrants would demonstrate how they could benefit OUR country.

[opinion]

GFC Wrote

U.S. Economy Would Collapse if Immigrant Flow Is Stopped, Study Says
NationalBy Isaac Garrido -



[/b]Seems to me that whoever wrote that transcript made a mistake? I think they meant to say if Immigrant Flow Is Not Stopped, U.S. economy would collapse, because those illegal aliens are taking the money out of the country.

[GFC]

Just to let everyone know I dont agree with that article. Just another ploy to suggest illegal immigration is good for America. Not suprised that the person who posted that article supports illegal immigration.

[bornbredhere]

U.S. Economy Would Collapse if Immigrant Flow Is Stopped, Study Says
NationalBy Isaac Garrido -

"Young people who come from Latin America come to find work here because of the dynamism of the U.S. economy, but they contribute to the dynamism of that economy," Terry said.

This article is too funny.
Does this guy really believe that using a so-called *buzz-word* like "dynamism" will make his article valid or less laughable?

Like someone else mentioned, the US can have all the immigrants it needs or wants which will contribute positively to the economy once it rids itself of the invasion of third world illegal immigration; which leaches much more than it contributes.

[opinion]

Just to let everyone know I dont agree with that article. Just another ploy to suggest illegal immigration is good for America. Not suprised that the person who posted that article supports illegal immigration.

Of course, posted by Isaac Garrido? Has to be a pro-illegal

[Jean]

The U.S. economy would collapse if the flow of Latin American immigrants is stopped,

Perhaps the wording should be "The Latin America economy would collapse if the flow of money from immigrants in the U. S. stopped."

[opinion]

U.S. Economy Would Collapse if Immigrant Flow Is Stopped, Study Says
NationalBy Isaac Garrido -

"Young people who come from Latin America come to find work here because of the dynamism of the U.S. economy, but they contribute to the dynamism of that economy," Terry said.

This article is too funny.
Does this guy really believe that using a so-called *buzz-word* like "dynamism" will make his article valid or less laughable?

Like someone else mentioned, the US can have all the immigrants it needs or wants which will contribute positively to the economy once it rids itself of the invasion of third world illegal immigration; which leaches much more than it contributes.

You read " When Illegal Immigrants Are Your Friends" The story about Dr. Klucks defendeng illegal alien Juanita, right? Juanita working in a chicken factory, but "hard working" Juanita probably has 6 "anchor babies" to educate right? So what does U.S. gains by having all those million Juanitas, and Elviras Arellanos (woman in church) here?

[reptile09]

This propaganda is such garbage. There is no way that a nation that won two world wars, put men on the moon, created the greatest health care, education and economic systems would collapse just becasue we stopped the flow of a bunch of illiterate, unskilled, third world, welfare, healthcare draining lowlifes.

We can overcome any challenge put before us, except for maybe those created by the illegal aliens themselves. Why is it whenever these idiots talk of illegal immigration from Latin countries they never mention how screwed up those nations are? How can people who screw up their own countries so thoroughly are so indespensable to ours? How can people who are illiterate in not only English but Spanish are so important to an economy that is driven mostly by high-technology? In my opinion the only sectors that would suffer from the loss of masses of Mexicans and Central Americans would be the prison guards, immigration and criminal defense attorneys, low jack and car alarm installers and spray paint manufacturers.

[Dixie]

You know Allen Greenspan resigned this year... "Things that make you go Hmmmmmmm".

I wouldn't take the word of a business regarding this matter. Give me as national economist. Most economist are not out to make a buck on the outcome of their anouncements.

Dixie