ShareThisWhat is UR opinion on this Migrants" struggling for work in Texas return to Mexico as a burden?
CORRAL DE PIEDRAS, Mexico – The leader of this community has a message for its native sons and daughters who work in Texas and dream of returning home: Don’t do it. You’ll regret it.
To make her point, she has the perfect example: her husband.
Teresa Cadena Moreno, 34, the mayor’s delegate in this farming community of 5,000 people in central Guanajuato state, has noticed a troubling trend over the past few months. With the slowdown in the U.S. economy, she is seeing a rising number of expatriates returning home. They’re not coming just for a Christmas visit or town celebration, but with every intention of staying permanently. And that has the town in a bind.
They come back with more expectations than they left with. They want better public services – roads, schools, sewer systems – and, more important, jobs. Some complain about the lack of drinking water. Their children often speak only English or broken Spanish.
"It’s not easy," Cadena said. "We’re a poor community that relies on the remittances of our migrants, not on them returning home to stay."
It’s not easy for the returnees, either.
Last fall, Cadena’s husband, Jaime Hernández, 32, returned home after working in construction in Tyler. He had every intention of staying put for a while, if not permanently.
As a painter in Texas, Hernández made in one day what he makes here in a week, roughly 0, he said. Yes, food is cheaper here and his home is paid for, but after a few weeks "you miss a good steak," he said.
"You have to watch every peso you spend," he said. "Here you fight to maintain whatever you have, not necessarily to get ahead."
In the third quarter of 2009, the Mexican government recorded an unusual trend: 108,078 emigrants returned home to stay, up 30 percent from 2008. The trend was expected to continue through the fourth quarter, though those numbers haven’t been released yet.
Meanwhile, money sent home by Mexicans abroad plunged a record 15.7 percent in 2009, a reflection of the sluggish U.S. economy. Remittances are Mexico’s No. 2 source of foreign income after oil, totaling .2 billion in 2009 compared with .1 billion in 2008, according to the central bank.
For a country that says it wants to see its emigrants return home, these trends put Mexico in a quandary.
More @ http://www.dallasnews.com/sharedcontent/dws/news/world/stories/020210dnintreturn.40d7bb7.html
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Is Obama's $600 billion spending plan tacit admission that trickle down works?
Obama plans to spend billions on infrastructure. That’s fine, but how does that work? Obama will spend millions on several construction projects. For example, Obama will might give 0,000,000 to a company to build a bridge. The owners of this company will take that money and pass a portion of it onto its employees to pay for their wages. They will also pass a portion of it onto other companies to purchase products to make the bridge, such as steel, machinery, etc… This will create jobs and spark the economy. From there, those employees will go and spend their checks on various things…clothing, beer, tickets to a movie, etc… which will provide wages for employees in other companies, and the cycle will start again.
Other than the source of the original income (the government instead of private citizens), this is a version of the trickle-down theory.
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Do you believe the economy is recovering like the news say?
Since the stock market is higher supposebly the economy is recovering and supplies are in demand, imports are higher, housing makert is better, construction is better, and also the jobless rate has dropped is that actually true or does it need more time for economy to start again.
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I'd like to know besides moral reasons, what damages reducing the prime rate will do.?
Who’s pocket will get hurt? Will that affect Wall Street? If the index rate goes down below… let say 5%. Everybody will start refinancing and since the banks already learn about sub-prime… All those new loans would be "safe". People will start buying investment properties, the Real Estate Industry, the Mortgage, the Construction, Furniture, Paint, Wood, etc, would regain strengh, and Banks will be able to survive. The government wouldn’t even have to think of subsidice people that if nothing get’s done will face forclosure. Please no politics. I want to know statistics, and financial investments opinions.
I’m not wory about the banks. Nor about the people who got in trouble. I like to know why the Gov. havent act lowering the prime rate and get the economy back in the tracks. Banks already learn their lesson, so for a lmited time… They will be cautious.
Dear Russ,
1. It wouldn’t be the firts time the Gov. drop the prime, therefore there are statistics out there. You may no knoe them, but there are.
2. Projections would do the tric for my question, but instead of expressing them, you answer as if you where teaching us the difference between Statistics and projections. (turn off).
3. You missed one simple fact. The prime was raised about 17 times one after the other, and you are quoting a one time almost insignificant.
4. Everytime the prime goes up or down is artificialy. It’s a desition made by a person or etity of something that is not natural.
5. The only time you got close to really answer my question you mentioned the fine print, and that my theory was flawed. Well it worked after Sept. 11th. Dem are asking the Gov to subsidice, and Rep to stay put. There is when the real middle class suffer the consecuences.
For the record… I want answers that gives pros and/or cons to my theory. Not a controversy. Thanks!
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