The economy of Mexico is the 13th largest in the world and the 11th in buying power. British economist Jim O’Neill, former head of asset management for Goldman Sachs, said recently that, “Mexico has a unique opportunity to steal the thunder of no less a giant than China.” Remember Ross Perot’s warning about that giant sucking sound of jobs going south of the border because of the North America Free Trade Agreement? It’s turned out to be a whirlpool.
According to 2013 Census Bureau data, the U.S. had a trade surplus with Mexico of $1.6 billion in 1993, but that has plunged full speed to a trade deficit of $50.1 billion last year. Yet the amount of foreign aid that the U.S. gave to Mexico during 2012 was $317 million. And here’s a stick-in-the-eye note: in an article this writer penned for the Unz Review, a Government Accounting Office report found that of the 1,954 mile border with Mexico, only 44 percent — 860 miles — is under “operational control.” The average cost per mile of border fencing, to protect American jobs from illegal aliens, was $3.9 million a mile. The advantage of cutting off aid to Mexico and applying it to building the fence? You do the math.
More @ The Unz Review
No comments:
Post a Comment