One by-product of the economic slowdown in the US is that fewer dollars are being funneled into Mexico. Mexican banks say remittances of US dollars to our amigos’ coffers are down almost three percent from the first quarter of 2007.
Remittances are vital to Mexico’s economy, the country’s second-largest source of foreign income after oil exports. But the bank said it expects little or no growth in remittances by year’s end. In addition to the slowing U.S. economy, migration experts blame the drop on the U.S. crackdown on illegal immigration.
Uh-oh. I see another excuse brewing for not enforcing our immigration laws: We’re going to destroy Mexico.
PS - Who are the “migration experts” and how do you get to be one?
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