Thread: After reading this, I'm in favor of a depression !!!

http://www.latimes.com/news/nationworld ... 1567.story

Let's hope they all head home....

Less money going to Mexico as U.S. economy falters
Don Bartletti / Los Angeles Times
Isidro Ortiz, 25, turns over $300 from his McDonald's wages to a clerk at the Mexico Express money transfer counter in Huntington Park. Besides supporting his wife and young daughter, Isidro hopes his bi-monthly remittances will keep his brother in high school.
Remittances sent home by Mexicans working in the U.S. take a dive, and families south of the border are feeling the effects.
By Tracy Wilkinson, Los Angeles Times Staff Writer
October 2, 2008
MEXICO CITY -- The money that Mexicans living in the U.S. send home, a lifeline for both the economy here and millions of families, has suffered its steepest decline on record, dragged down in large part by the American financial crisis.

The bad news, announced Wednesday by the Bank of Mexico, follows government assurances that the U.S. crisis would not have a severe effect on Mexico.



Remittances, exports -- Latin America...Remittances fell to $1.9 billion for August, a 12.2% drop from the same month last year, the bank said.

"In the coming months, it can be anticipated that . . . family remittances will continue to show a loss in strength," the central bank said.

Remittances are Mexico's second-largest source of foreign income, after oil exports, and have more than doubled in value in recent years, to nearly $24 billion in 2007. The money is used to pave roads, start businesses and help feed families.


But the trend began to reverse this year. The U.S. economic downturn, especially in the construction sector that employs many Mexican immigrants, and tightened controls along the U.S.-Mexican border have slowed the flow of money and people.

August's decline in remittances was the largest since authorities began keeping records 12 years ago, the bank said.

Countless Mexican towns are feeling the pinch, with small businesses failing and families struggling to make ends meet.

The bank also calculated that unemployment is running considerably higher among Mexican immigrants working in the U.S. than among the general labor force. Unemployment among Mexican immigrants was about 4.5% in March of last year and has soared to nearly 7.5% now. The U.S. jobless rate for the general workforce is 6.1%.

Mexican President Felipe Calderon said in a speech last month that his country is so free of dependence on the U.S. that financial disaster there will be but a glancing blow here.

Finance Minister Agustin Carstens later sounded less sanguine. He said in Washington this week that though Mexico is generally protected from U.S. fallout, its economy will be hurt by declines in remittances, exports of manufactured goods and tourism.

Economic analyst Rogelio Ramirez de la O warned that the government minimizes the effect of the U.S. crisis at its own peril. Although it is true that Mexican banks are not teetering on the brink of collapse, more Mexicans are sinking deeper into debt, he said. And, he added, the government is spending as though there were no tomorrow.

"The government must first understand the reality and then communicate it clearly to Congress, to business leaders and to the public," Ramirez wrote in Wednesday's El Universal newspaper. "If the government does nothing, as it has so far, it will take this country down a dead-end road."

wilkinson@latimes.com

Yes.

Mexican President Felipe Calderon said in a speech last month that his country is so free of dependence on the U.S. that financial disaster there will be but a glancing blow here.

Whatever this bone head is on must be some 'O the good stuff!

WE CANNOT GIVE UP AND WE CANNOT GIVE IN!!! THE HOUSE IS OUR LAST CHANCE TO STOP THIS TRAVESTY!


NO BAILOUT!!! ENOUGH IS ENOUGH!!!! NO MEANS NO!!

ROAR SOME MORE PATRIOTS!!!

TOGETHER WE CAN DO THIS!!!

U.S. SENATE AND HOUSE CONTACT INFORMATION:

http://www.alipac.us/ftopict-63874.html

TOLL FREE

Congressional Switchboard Numbers

800-833-6354
866-340-9281
877-762-8762
866-808-0065
866-220-0044

ZIP CODES

http://www.votesmart.org/index.htm


http://www.555us.com/555FL/555fl_zipcodes.htm


http://www.votenobailout.org/

Go here for list of vulnerable house members and numbers to call.

http://www.alipac.us/ftopict-134077.html
_________________

Excuse me! We don't owe Mexico a living! They act as though they are the wounded party in this mess. What about the Americans who have lost jobs to these robbing foreign squatters.

Straighten out your own country, Mexcio. Quit leaning on our shoulders because we have enough of a burden without listening to your whining!

Mexican President Felipe Calderon said in a speech last month that his country is so free of dependence on the U.S. that financial disaster there will be but a glancing blow here.



Really? Then he won't mind taking his illegal aliens back?

Is delusional thinking the national pasttime in Mexico?

Originally Posted by azwreath

Mexican President Felipe Calderon said in a speech last month that his country is so free of dependence on the U.S. that financial disaster there will be but a glancing blow here.



Really? Then he won't mind taking his illegal aliens back?

Is delusional thinking the national pasttime in Mexico?

I noticed when Mexico said they were sending $$$$ less back to Mexico, they never said how much they are sending. This economy couldn't be better for the US to get rillegals out of here. We need to close the door after each one leaves!

Had anyone mentioned this being in the New & Improved Bailout? Sorry I'm trying to catch up....
They added:

1.) Wool Research money?

2.) Tax breaks for manufacturers of children's "wooden" arrows? = 7 million?

3.) Rum tax breaks for The Virgin Isle and Puerto Rico? =$192 million

4.) Race Car Tracks = $128 million

5.) Something to add Mental Illness in healthcare ????

6.) $47 BILLION for Hollywood Producers

If it's not currently in this blog I will add it as a header. Please let me know.

sigh...................

I guess they can't live withing their means either. Maybe they should learn how not to depend on others for their livelihood.

Originally Posted by azwreath

Mexican President Felipe Calderon said in a speech last month that his country is so free of dependence on the U.S. that financial disaster there will be but a glancing blow here.



Really? Then he won't mind taking his illegal aliens back?

Is delusional thinking the national pasttime in Mexico?

and here i thought the national past time of mexico was sneaking into the US.. silly me

Good then I'm ready for a depression, especially if it means Mexico won't get another dime of our money.

Mexican President Felipe Calderon said in a speech last month that his country is so free of dependence on the U.S. that financial disaster there will be but a glancing blow here.

Good then tell your squatting amigos to return home and never come back. The US doesn't owe these squatters a living. Take care of your own people and leave us alone.