US Economy So Bad Illegal Aliens Heading Back to Mexico

Just how bad is the economy doing? Well, according to Reuters, it's so bad out there that illegal aliens are heading back to Mexico.

"The couple are among a growing number of illegal immigrants across the United States who are starting to pack their bags and move back to Mexico* as a crackdown on undocumented immigrants widens and the U.S. economy slows, turning a traditional Christmas trek home into a one-way trip."

What turndown in the U.S. economy? According to the Department of Labor's enterprise survey, employers have added 400,000 jobs since July, and 1.1 million so far this year. Furthermore, the broader household survey identified an astounding 1 million gain in workers since August. But there was more:

"Other returning immigrants cite a slowdown in the U.S. economy as a factor, and the falling value of the U.S. dollar against other currencies, which has eaten into the value of remittances sent to support families at home."

Despite the stupidity of this Reuters piece, the contract which trades pesos on the Chicago Mercantile Exchange closed last Friday at 9.18 cents. That's a better exchange rate than was 2006's 9.6 cents, so illegal immigrants sending money back to Mexico were benefiting from exchange rates NOT being penalized as this Reuters piece suggested.

Facts can be terrible things.

[* the critical point here is yet more objective evidence {i.e., their own words} that when we require illegal aliens to be documented to work, they self-deport - no 'rounding up of 20 million people' required.]

http://newsbusters.org/blogs/noel-sheppard/2007/12/24/reuters-us-economy-so-bad-illegal-aliens-heading-back-mexico