Money being sent as remittances to Mexico is slowing with the U.S. housing market and its wages for construction workers. Twenty percent of Mexicans living in the U.S. work in the construction industry.Economists are concerned, as remittances have become the financial lifeblood for millions of Mexican families and a crucial source of foreign exchange for their government. Maids, cooks, gardeners and others sent home $23 billion in 2006, more than multinational corporations invested in Mexico.
The deceleration in remittances is coming just as Mexico's economy is weakening, oil revenue is falling and unemployment is on the rise. Tougher border enforcement and workplace crackdowns by U.S. immigration authorities may also be playing a role in the remittance slowdown.
Nearly three million Latinos were employed in the U.S. housing industry in 2006. Within the construction business, lower-skilled immigrants are more prevalent in the residential sector, which has lost nearly 28,000 jobs since September. But the slowdown is actually much worse, because the activities of off-the-books day laborers aren't reflected in official statistics.
Money-transfer companies are also feeling the pinch. Western Union reported that wire transactions to Mexico increased just 2% in the first quarter compared with the first three months of 2006. Minnesota-based MoneyGram spokeswoman Cathy Rebuffoni acknowledged 'a slowdown in that market' largely because of sluggish U.S. construction activity, but both firms mentioned heightened tensions over illegal immigration as a factor cutting into sales.
IT'S A SHAME OUR KID'S WON'T HAVE SUMMER JOB'S BECAUSE OF THE ILLEGAL'S
ReplyDeleteI WOULD LIKE TO SAY THAT IT IS A ASHAME OF THE WAY THAT AMERICAN PEOPLE ARE BEING TREATED BY THE AMERICAN GOVERNMENT ALL BECAUSE OF GEORGE BUSH AND HIS DIRT WAYS, AS YOU KNOW AND CAN SEE THAT HE HAS GAVE OUR COUNTRY AWAY TO THE ILLEGALS FROM MEXICO AND SOUTH AMERICA, AND THEN YOU CAN SEE THAT HE HAS GAVE OUR GOVERNMENT TO THE MEXICANS FOR THEY CAN GO TO THE WELFARE AND GET ANYTHING THAT THEY ASK FOR WHERE IT IS NOT THAT WAY WITH THE AMERICAN PEOPLE SINCE BUSH TAKEN OFFICE, AS YOU KNOW THAT BUSH HAS NEVER INFORCED THE DRAFT BECAUSE THAT THE ILLEGAL MEXICANS AND THE ONES FROM OTHER COUNTRIES WOULD HAVE TO SERVE FOR AMERICA IN ORDER TO LIVE THE LIFE OF RILEY HERE IN AMERICA LIKE THE ILLEGALS ARE DOING TODAY BECAUSE OF BUSH, McCAIN, KENNEDY, SPECTER, FOR THEY ARE FOR GIVING AMERICA AWAY SO THAT THEY CAN GET A BIG RETURN FROM THE ONES THAT THEY ARE GIVING IT TO OR CLAIMING TO GIVE IT TO, I HAVE HAD NO USE FOR BUSH SINCE HE STARTED HIS BUSH WAR JUST LIKE HIS DADDY DID AND HE HAD TO MAKE A NAME FOR HIS SELF AND HE SURE HELL HAS, LOOK HOW MANY LOVE ONES THAT WE HAVE LOST IN THE BUSH WAR AFTER COLON POWELL TOLD HIM THEY HAD NOTHING IN IRAQ BUT HE SENT OUR PEOPLE TO WAR FOR NO REASON AT ALL, BUSH DECLARED THE WAR OVER WHEN WE HAD ONLY LOST 167 SERVICE PEOPLE, NOW THE COUNT IS 3500 DEAD SERVICE PEOPLE, ABOUT 3350 MORE THAN WHEN BUSH DECLARED THE WAR OVER AND STILL CLIMBING EVERYDAY, IF THE WAR IS OVER THEN WHY WONT BUSH LET OUR SERVICE PEOPLE IN THE ARM FORCES COME H0ME AND PROTECT THE MEXICAN BORDERS HERE AT HOME, AND WHY DOES THE SENATE AND CONGRESS KEEP GIVING HIM MORE AND MORE MONEY WHEN THE WAR HAS BEEN DECLARED OVER AND WE ARE ABOUT 12 TRILLION DOLLARS IN DEPT AND BUSH IS NOW BORROWING MONEY FROM CHINA, AND YOU KNOW THAT WE THE UNITED STATES OF AMERICA WERE IN THE BLACK WHEN BUSH TAKEN OFFICE, WHERE HAS ALL THIS MONEY WENT, THERE WERE BILLION OF DOLLARS THAT CANT BE ACCOUNTED FOR, THEN THE MILLION THAT WAS BROUGHT FROM IRAQ TO BUSH WITH SADDAMS SHOT GUN, PISTOL, SWORD, AND OTHER THINGS, AS YOU KNOW THAT BUSH WAS SHOWN ON NATIONAL TELEVISION SHOWING SADDAMS GUNS AN WHAT DID HE DO WITH THEM, AND THEN WHERE DID THE MONEY GO, AND THEN THIS YEAR CHENEY CLAIMED TO HAVE GIVEN 8 MILLION DOLLARS TO SOME CHARITY , WHAT CHARITY WAS IT AND WHOES NAMSES WAS IT IN , AND HOW MUCH KIN WERE THEY TO CHENEY SO THAT HE COULD TRUST THEM WITH HIS 8 MILLION DOLLARS, YOU KNOW I HAVE ALWAYS UNDERSTOOD THAT THE PRESIDENT AND VICE PRESIDENT HAD TO FREEZ THEIR ASSETS WHEN THEY TAKEN OFFICE UNTIL THEY CAME OUT OF OFFICE, CAN YOU TELL ME WHY THAT THE LAST 4 PRESIDENTS DIDNT HAVE TO FOLLOW THE LAWS OF THE LAND AND DID AS THEY PLEASED AND STILL DO TODAY, THERE WAS REAGAN, BUSH,SR. BILL CLINTON,. AND THEN THIS BUSH JR, AS I UNDERSTAND THEY HAVE NONE OF THEM, FROZE THEIR ASSETS , THEN THERE IS CHENEY AND BUSH RUNNING THE HALLOW-BURTON AND MAKING MILLIONS OF DOLLARS EVERY YEARS AND I NEVER DID HEAR AS TO WHERE HALLOW-BURTON EVER PAID THE UNITED STATES THE 67 MILLION DOLLARS THAT THEY HAD FRAUDED THE GOVERNMENT OUT OF, CAN YOU TELL ME WHEN THEY REPAID IT, AND TO WHOM THEY PAID IT TO, I TOLD BUSH AND SOME OF THE OTHERS THAT THEY SHOULD START THE DRAFT BACK UP AND DRAFT EVERY ILLEGAL MEXICAN THAT CROSSES THE BORDERS, THEY SAID NO FOR THEY ARE HAVING BABIES AND UPING THE AMERICAN POPULATION AND DRAINING THE AMERICAN WELFARE DRY AND SENDING IT BACK TO MEXICO, I SAY THAT WHEN THE ILLEGAL MEXICANS HAVE TO START PAYING THEIR OWN DAM WAY THEN THEY WONT BE SENDING SO MUCH MONEY BACK TO MEXICO AND FOX, THEY ARE NO BETTER THAN THE AMERICAN PEOPLE TO HAVE TO PAY THEIR OWN WAYS OR LEARN TO DO WITHOUT LIKE THE AMERICAN PEOPLE ARE HAVING TO DO TODAY, ONCE WE STOP OUR GOVERNMENT FROM GINING OUR COUNTRY AWAY TO THEM THEY WILL LEAVE AMERICA FOR THATS ALL THEY ARE HERE FOR IS TO DRAIN THE AMERICAN WELFARE DRY AND SEND IT BACK TO MEXICO WHILE THE AMERICAN PEOPLE HAVE TOP DO WITH OUT, WHILE PAYING THEIR WAYS HERE FOR THEM, THEY ARE LIVING THE LIFE OF RILEY HERE IN AMERICA OFF OF OUR WELFARE AND THEN ALLOWED TO WORK AND DRAW BOTH WHICH IS FRAUDING THE GOVERNMENT OUT OF THE WELFARE MONEY, IF IT WAS AN AMERICAN PERSON DOING THIS THEN THEY WOULD BE SENT TO PRISON FOR MANY YEARS FOR IT BUT OUR OWN GOVERNMENT HELPING THE ILLEGALS TO COME HERE ILLEGALLY AND THE FRAUD OUR WELFARE AND WORK BOTH AND NEVER PAY ANY TAXES THATS A SHAME UPON THE AMERICAN GOVERNMENT, THEN AS YOU KNOPW THAT THE COMPANIES LIKES THINGS THIS WAY, AS YOU KNOW WHEN THEY WORK THEM THEY DONT HAVE TO MATCH ANY WITHHOLDINGS FROM THEIR PAY CHECK, AND THEN THEY DONT HAVE TO PAY ANY INSURANCE ON THEM FOR THEY ARE DRAWING OFF OF OUR WELFARE AND THAT MAKES THEM INTITLE TO MEDICAID WHICH PAYS ALL THEIR MEDICAL BILLS FOR THE CARPET INDUSTERY AND ANY OTHER COMPANIES, YOU FIGURE THIS UP AND THE COMPANIES ARE MAKING MORE OFF OF THE WELFARE THAN THE CARPET AND THATS WHY THAT THEY WONT AND DONT WANT TO HIRE THE AMERICAN PEOPLE ANYMORE , WITH ALL OF THESE BENIFITS WHO WOULD WANT TO LEAVE AMERICA WHEN THEY ARE GETTING RICHER EVERY DAY FOR DOING NOTHING OTHER THAN FRAUDING THE GOVERNMENTS OUT OF OUR TAX DOLLARS AND THEN USING IT AS A WRITE OFF EXPENCE AND OVER HEAD, I THANK THAT ITS TIME THAT THE FEDERAL ABD THE STATES GETS OFF THEIR ASS AND DOES SOMETHING ABOUT THIS FOR AMERICA CANT TAKE MUCH MORE OF WHAT WASHINGTON IS DOING AND ALLOWING TO BE DONE BY THE ILLEGALS HWERE IN AMERICXA, GEORGE BUSH IS GOING DOWN AS THE SORREST PRESIDENT IN THE WORLD , IF YOU KNOW OF ANYONE ANY WORSER LET ME KNOIW THEIR NAME, HE GOT WHAT WAS COMING TO HIM THE OTHER DAY WHEN THE PIGION DROPPINGS ON HIS SUIT ON HIS LEFT ARM, IT JUST WASN'T ENOUGH FOR LOOK HOW HE HAS DONE THE AMERICAN PEOPLE,I SAY START THE DRAFT BACK UP AND THEN WE WONT HAVE TO BE BUILDING NEW JAILS ALL OVER THE COUNTRY AND NEW SCHOOL FOR THE ILLEGALS THAT BUSH IS BRINGING INTO AMERICA, WHEN THEY HAVE TO START SERVING IN THE UNITED STATES ARM FORCES THEN THEY WILL THANK TWICE BEFORE WANTINGTO COME HERE TO AMERICA, AS YOU HEAR IT ALL THE TIME THAT FREEDOM IS NOT FREE, WELL IF THAT IS TRUE THEM WHY IS THE ILLEGAL MEXICANS NOT HAVING TO SERVE IN THE UNITED STATES ARM FORCES AND FIGHT FOR THEIR FREEDOM LIKE OUR LOVE ONES ARE HAVING TO DO TODAY BECAUSE OF GEORGE BUSH, THE ILLEGALS ARE NO BETTER TO DIE FOR THEIR FREEDOM AND RIGHTS HERE IN AMERICA THAN THE AMERICAN SERVICE PEOPLE ARE, THE AMERICAN PEOPLE HAVE FOUGHT AND DIED FOR THIS COUNTRY TO LONG FOR IT TO BE GIVEN AWAY TO ANOTHER COUNTRY LIKE BUSH IS DOING TODAY, I SAY THAT IT WOULD BE A LOT BETTER FOR THE AMERICAN PEOPLE AND THE GOVERMENT TO START THE DAFTE BACK UP AND LET THE YOUNG PEOPLE LEARN FROM SOME OF THE ELDERLY PEOPLE WHAT RESPECT IS TODAY RATHER THAN SENDING THEM TO JAIL TO WATCH COLOR TELEVISION AND LAY AROUND AND NEVER HAVE TO DO ANYTHING TO REPAY THE TAX PAYERS FOR THE TIME THAT THEY SPEND IN OUR JAILS, I HAD RATHER FOR MY KID TO BE IN THE ARM FORCES ANYDAY RATHER THAN IN THE JAIL OR PRISONS, THEN IF THEY WOULD BUILD THE CHAIN -GANG S BACK IN EVERY COUNTY AND MAKE THEM GET OUT AND WORK EVERY DAY TO HELP PAY FOR THEIR MEALS AND OVERHEAD THEN THEY WOULDN'T BE IN THERE SO MUCH, SO I THANK THAT RATHER THAN THE PEOPLE HAVING TO BUILD NEW JAIL, WE NEED THE DRAFT BACK IN FORCE AND MAKE THEM SIGN UP AT A CERTAIN AGE , AND THEN WE NEED THE LAW2S OF THE OLD CHAIN- GANG CAMPS TO SEND THEM TO IN EVERY CCOUNTY AND AMKE THEM WORK JUST LIKE THE SERVICE PEOPLE DOES , GET THEM OUT OF BED AND ON THE ROADS WORKING FOR ABOUT TEN HOURS A DAY AND THEN WHEN THEY COME IN THEY WILL WANT TO GO TO BED AFTER THEY EAT AND TAKE A SHOWER, THE LAWS ARE ON THE BOOKS BUT ARE NOT BEING CARRIED OUT BY THE GOVERNMENTS, WE DONT NEED ANYMORE NEW LAWS , WE JUST NEED THE OLD ONE INFORCED TODAY, THEN ALL THESE BILLIONS OF DOLLARS OF AMERICAN M,ONEY WONT BE BEING SENT TO OTHER COUNTRIES LIKE IT IS TODAY BECAUSE WE DONT HAVE ANYONE TO INFORCE THE LAWS OF THE LAND, WE HAVE HAD TO BUILD ABOUT THIRTY NEW SCHOOLS WHERE WHEN MY KID WAS GOING THE OLD SCHOOLS WAS GOOD ENOUGH FOR HER AND THE OPOTHERS THEN, BUT THE ILLEGALS GET S NEW SCHOOLS IN EVERY COUNTY AND EVERY DISTRICT TODAY WHEN THEY ASK FOR IT, THATS ALKL I HAVE TO SAY RIGHT NOW OTHER THAN IF OUT SOUTHERN BORDERS ARE NOT SECURED THEN I AM LOOKING FOR THE SAME THING AS HAPPEN IN THE 1860S, A FULL FORCE CIVIL WAR RIGHT HERE IN AMERICA IN THE SOUTH , BUSH CANT STOP IT FOR IT WILL BE TOLATE, HE SHOULD ACT WHIOLE HE HAS TIME RATHER THAN PUSHING THINGS ON THE AMERICANH PEOPLE LIKE HE HAS DONE, HAD THERE BEEN A DRAFT STATION SET UP AT THE BORDERS AND DRAFTR EVERY ILLEGAL MEXICAN THAT CROSS THE SOUTHERN BORDERS THEN THEY WOULD NOT BE ANY OF THEM HERE IN AMERICA, WHERE AMERICA IS INFESTED WITH THE BUSH ILLEGALS TODAY, THANKS,
ReplyDeleteThis is pretty great stuff. I am thankful that I saw this site today before I left to work. Ill go ahead and bookmark this site to check for upcoming updates.
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