The lame journalism aside, Mexicans are apparently beginning to question whether America is still a full trough of goodies for them. The news doesn`t get much better than that, even though a large part of the reason for Mexican reluctance is our slowing economy, as well as tougher enforcement in places like Arizona.
â€? A recent survey by Mexican authorities shows that fewer Mexicans say they are planning to seek work outside the country. In the third quarter of 2007, about 47,000 said they`d be packing their bags. That`s down nearly one-third from the same quarter a year earlier.However, la Times has a funny way of looking at statistics: it`s the old reduction-of-increase trick (used often in Congressional budget propaganda): the speed at which spending of some sort is not expanding at the earlier rate, so therefore the sky is falling. Wrong. Mexico is still getting over $20 billion annually in remittances, a sum made possible by American taxpayers being forced to pay for illegals` welfare.
â€? The growth in remittances sent to Mexico has dwindled to a trickle. Through October of this year, Mexicans living abroad sent $20.4 billion home to their families, a 1.3% increase over the same period in 2006, according to Mexico`s central bank. Those sums were growing in excess of 20% annually just a few years ago.As I wrote in Financial Bloodsucking Update, even a top Mexican banker now recognizes that the easy money of remittances has turned the country into a national welfare queen, too lazy to invest in its own endeavors. Why spend Mexican pesos on educating the kiddies, Mex-elites figure, when they are more profitable as illiterate expats, sending back billions of dollars?