Flame — HabitableZone

Flame » in reply to Iraq War Cost 6 billion ---Wall Street Bailout 6 billion

All right. Class in session. Here's the real deal. Pay close attention! ;-)

Between 35-50,000,000 illegal Mexicans are in America earning income and sending a percentage home to Mexico for their families.

Let's say their average wage is $20,000 and they send 50 percent of that back home to Mexico.

Let's do the math:

On the lowball side the US loses 350 BILLION every YEAR.

On the higher side the US loses 500 BILLION every YEAR.

Now you see why the immigration issue is the largest - it has nothing to do with race or compassion - or charity. It is the economic destroyer that has caused the lower wages, two-income lower class family and the mortgage crisis.

Yes, the illegal invasion caused the mortgage crisis.

Why? How?

HOUSING.

Illegals have been filling up low-end housing over the past two decades and whole neighborhoods have been swallowed by illegal immigrants. The former occupants move on and new housing was needed to supply homes as the older middle class neighborhoods went to seed and the occupants moved upwards or laterally into new housing.

So for the past two decades cheap apartments, lower & middle homes and new homes are in demand and a bubble in price is created. Builders build like no tomorrow - but the reality is most who are moving can't afford the new housing. Only those moving who vertically can afford the inflated values - those who sold overvalued homes after the bubble had formed. They pay higher rent, but all too often it was not based in their real income earned, rather it was a deceptively lower temporary rent based upon low adjustable interest rates that would soon blossom out of the owners ability to pay.

Now, the latest wave of those new home tracts are sitting half empty because of the exodus from busy city areas to rural cheaper areas where the cost of living is lower.

That's how the bubble of bogus prices was formed and naturally crooked and greedy lenders exploited the demand for cash created by low wage earners for access to money in their homes. So refinancing went on at an unprecedented rate.

Low interest rates helped fuel the fire and enabled millions to live on refinanced imaginary "house equity" cash for as long as it would carry them.

Again the source of the problem remains unaddressed by both parties who are afraid of offending a growing demographic that shouldn't exist - millions of "legal" descendants of illegal border runners.

Again 350-500 BILLION every year - POOF! Gone.

Since Bush entered office - that's between 2.8 and 4 TRILLION dollars lost out of the US economy - and American's wages.

That's the SOURCE of the economic problems we have been having persistently for the past decade with increasing intensity now manifesting in a soon to be very real DEPRESSION.

What are you going to do about it?
What about McCain?
Or Obama?
What has Bush done about it?
What has either party done to address it?

That's right the answers to the above questions....ZIP NADA NULL VOID ZILCH.

Were living in denial as OUR wealth & our country's wealth is being flushed to sustain Mexico.

Log in or register to post.

The whole thread (10 posts)