It clear, that the Real Estate bubble was unsustainable. And it is also clear that there were severe irregularities in loan reviews. But, the straw that broke the camel's back was these immigration raids. It was the wrong move, at the wrong time.
It is estimated that several Million immigrants have now returned home to
It is absolutely clear that this exodus was intended by our federal government. It is true that reform of our nation's broken health care systems and other social systems require an absolute minimization of residents without legal status. But if suddenly, a big chunk of US consumers and tenants disappear, and demand diminishes the ripple effects of this exodus will unavoidably hit Wall Street, construction, banking, home sales, auto sales, you name it. Fortunately or unfortunately, everything in our economy is connected to everything else.
Ironically, some of the most anti-immigrant, most racist folks in
Also, ironically, in the long run the United States will need all these immigrants back, because 80 Million Americans are retiring in the next 20 years and there will simply NOT be a large enough labor pool to pay into the US treasury to support future retirement and Medicare claims. There is only 40 Million American below the age of 20.
In the end, it seems, the Bush administration's aggressive immigration enforcement policy appears to have been a short-sided, simplistic approach to a very complex issue...with devastating short-term and long-term consequences to the
Try to explain how simplistic and short-sided the Bush administration's approach has been to the 300,000+ Iraqi dead civilians' families impacted by the Iraq war or the 3000+ American families who lost their most treasured sons and daughters in the same war ...and I am sure they'll get it.
Decisions have consequences. I sincerely hope Obama Administration is wiser and more compassionate. Sonia Sotomayor's nomination appears to be a signal that Mr. Obama gets it. He seems to understand and appreciate the immense value of the Hispanic community's contribution to the country's past, present and future.
(Note: You can view every article as one long page if you sign up as an Advocate Member, or higher).
3
1
1
