November 1, 2006, - 1:11 pm
By Debbie Schlussel
A front pager in today’s Wall Street Journal, “Migrants’ Money is Imperfect Cure for Poor Nations,” whines about how money illegal aliens (a/k/a “migrants” in sanitized WSJ euphemism style) send back to their “home” countries fuels spending there (NOT here), but not much investment there (and that a lot of it is extorted by thugs).
But there’s some interesting and disturbing info in tiny print on graphics in the piece. It shows the enormous amount of money that is sucked out–vacuumed out!–of our economy by immigrants–mostly illegal ones. And it shows how illegal aliens are funding–in great part–the economies of Islamofascist nations that breed terrorists.
One graph shows the geometrically rising billions sent away from the States. According the World Bank, in 2004, aliens sent $160 BILLION out of our economy. In 2005, it’s $167 billion.
Yup, sucking the life and funds out of our economy–it’s “the job that some Americans just won’t do.”
Far worse is where that money goes. According to the World Bank, Al-Qaeda and HAMAS hotbeds of Bosnia/Herzegovina and Jordan are among the top six countries that depend most on these “remittances” of money from aliens out of our country and into theirs.
A whopping 22.5% of the 2004 GDP (Gross Domestic Product) of Bosnia/Herzegovina–not sure how they can call this “Domestic” with a straight face–is from money wired or otherwise sent from here. 20.4% of Jordan’s GDP comes from U.S. “remittances.”
As we noted here, Jordan is the most anti-American, anti-Semitic, pro-Bin Laden, pro-homicide bombing country in the world according to a recent Pew Global survey. 100% of respondents hated Jews. Only a few less hated America and supported Bin Laden. It is mostly Palestinian and is home to refugee camps that breed terrorists, taking them from cradle to grave.
In addition, aliens’ “remittances” (more WSJ euphemism speak) of money from our country to theirs props up failing economies and governments. Even far-lefties at the World Bank, which previously promoted this transfer of aliens’ funds to America, now opposes this. Ditto for liberal immigration policy wonks, reports the Journal:
“Remittances are a band-aid on fundamental development problems,” says Dean Yang, a public-policy professor at the University of Michigan. “Labor export and remittances won’t turn El Salvador, the Philippines and other poor countries into the next development tigers.” Even the World Bank, which has pushed the development potential of remittances, is having second thoughts. In a report on Latin America released yesterday, the bank says that remittances are “neither ‘manna from heaven,’ nor a substitute for sound development policies.”
Draining our economy. Propping up their bad regimes. Yet another reason why we support Arizona Attorney General Terry Goddard’s work in stopping the illegal alien money flow away from our country out through Western Union’s spigot.
Tags: al-Qaeda, America, Arizona, Attorney General, bank, bin Laden, Bosnia, Dean Yang, Debbie Schlussel, El Salvador, Hamas, International Bank for Reconstruction and Development, Jordan, Latin America, Michigan, public-policy professor, Salvador, Terry Goddard, the Philippines, The University of Michigan, United States, USD, Wall Street Journal, Western Union