Tuesday, July 8, 2008

The Hispanic recession

According to a U.S. Department of Labor report, of the 155,000 jobs the American economy lost in June, 153,000 were lost by Hispanics. Ed Rubenstein concludes that "a diminished influx of illegal workers is playing the larger role" in these job losses, and points out:
After years of unbroken growth, the amount of money sent south by Mexicans working in the U.S. is falling. In the first quarter of this year the year-on-year cash flow is down by 2.9%, according to Goldman Sachs.
In other words, the June employment numbers, which MSM headlines have characterized as heralding a recession, are actually evidence that enhanced border-security measures are working.

Americans aren't losing jobs; illegal aliens are.

1 comment:

  1. Holy Sh*t! I suspected this would happen. Robert, can I pinch this for use over at Libertarian Republican blog?

    If okay, please email me privately.