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October 14, 2008

Mexico Faces Economic Crisis

"The Mexican government has taken emergency financial measures to withstand the winds of crisis from the United States, which this country is heavily dependent on as shown by their daily bilateral trade volume of one billion dollars on average. However, the measures will not completely ward off the impact, say analysts. The difficulties faced by Mexican migrant workers will also complicate the government's strategy. Remittances from Mexicans living in the United States, the country's second largest source of foreign exchange after oil exports, have already shrunk, and experts predict that they will continue to fall," IPS news writes. "The majority of Mexico's exports and imports are tied to the United States, and U.S. consumption and demand directly fuel a large part of the country's manufacturing sector and jobs. Mexico's exports to the United States stand at over 272 billion dollars a year, with manufacturing (largely involving for-export assembly plants) accounting for 81 percent, oil and minerals for 16 percent, and agriculture for most of the rest."

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Comments

Now what do you all say we shut them down even further by boycotting everything, and I mean EVERYTHING that bears the label "Made in Mexico."

Posted by: melena29 on October 14, 2008 02:41 PM

So now you see why corrupt Mexico ecourages and helps illegal aliens here, because they want that money sent back, and they want to dump their criminals, and their poor and uneducated on us, so the American taxpayers can pay for them.

Posted by: American Me on October 14, 2008 03:08 PM

COMMENT:
MEXICO: EMERGENCY FINANCIAL MEASURES/ CRISIS FROM U.S.
CALDERON, JUST LOOK AT OUR CRISIS, AND REMEMBER WE STILL SUPPORT 15 MILLION OF YOUR CITIZENS, AND 1 MILLION OR SO OF YOUR GANGS, DRUGS, ETC. ''YOU, CALDERON SHOULD BE TAKING CARE OF YOUR OWN PEOPLE, AND NOT PUT THEM ON THE BACKS OF THE CITIZENS OF THE U.S. WE HAVE OUR OWN TROUBLES?

Posted by: SUSAN MARIANO on October 14, 2008 03:13 PM

Mexico has a $4 billion a year tourist industry, is the world's leading exporter of silver and has vast oil reserves. So why is Mexico having problems with their economy? The answer is simple! Corruption, corrpution and more corruption! The illegal aliens (leeches) that march in our streets should be marching in Mexico City demanding reform.

Posted by: Rick S on October 14, 2008 05:08 PM

THEY'VE ALL READY RECEIVED 1000s OF TIMES MORE FOREIGN AID FROM US THAN ANY OTHER POOR COUNTRY ON EARTH

They need to learn birth control and that's not our responsibility.

Posted by: Softwarengineer on October 14, 2008 05:57 PM

malena29 has a great idea. Boycott Mexican products. That'll help the situation for sure. Great idea! :)

Posted by: Ralph on October 14, 2008 08:19 PM

They always seem to be in a crisis of some kind. Time to get their act together instead of expecting the U.S. to bail them out all the time and solve their problems.

Posted by: Born American on October 14, 2008 08:40 PM

the United States should place a heavy tax on any funds being sent outside the U.S. That would curtail some of the exporting of funds and actually give the United States some revenue for those funds actually getting out.

Posted by: Sick 'n Tired on October 15, 2008 01:45 PM

Thank you for your support of my boycott idea, Ralph! When you consider the number of American jobs lost to Mexico due to NAFTA supported corporate greed, I consider it Un-American to enable a system which serves only to facilitate the demise of the American middle class, as well as the oppression of its own people!

Perhaps if, once and for all we said a resounding "NO MORE," Mexico would have no choice but to get off both its ass and our backs, and take care of its own people for once. There is no reason other than corporate greed and government corruption that so many on both sides of the border are suffering so much.

Posted by: melena29 on October 15, 2008 02:07 PM

Thank you for your support of my boycott idea, Ralph! When you consider the number of American jobs lost to Mexico due to NAFTA supported corporate greed, I consider it Un-American to enable a system which serves only to facilitate the demise of the American middle class, as well as the oppression of its own people!

Perhaps if, once and for all we said a resounding "NO MORE," Mexico would have no choice but to get off both its ass and our backs, and take care of its own people for once. There is no reason other than corporate greed and government corruption that so many on both sides of the border are suffering so much.

Posted by: melena29 on October 15, 2008 02:07 PM

HERSHEY has recently announced plans to move the plant that makes Kisses to Mexico. How many Americans out of work? Too many!

Hell will freeze over before I buy a Kiss made in Mexico. Boycott Hershey as well!

Posted by: melena29 on October 15, 2008 03:27 PM

I support great ideas. That's what I do. Boycotting Mexico would certainly help to relieve the immigration crisis here in the US. Hey, if businesses fail in Mexico, then there would be less jobs for Mexicans, and there would be less incentive for them to come here.

Or would it?

Posted by: Ralph on October 15, 2008 05:49 PM

What was the quote from the movie "NETWORK" when the guy went over the edge while on the air - "I'M MAD AS HELL AND I'M NOT GOING TO TAKE THIS ANYMORE!"

How far does it need to go before (like the colonists) we have a "TEA PARTY"?

Posted by: Sick 'n Tired on October 15, 2008 05:56 PM

Yeah, boycott Mexico, Americas 2nd largest source of imported oil in 2007!

Crude Oil and Total Petroleum Imports Top 15 Countries

http://www.eia.doe.gov/pub/oil_gas/petroleum/data_publications/company_level_imports/current/import.html

Gee, I wonder what effect the global economic recession will have on Americas #2 CUSTOMER--Mexico!

Mexico = USA #2 Customer

http://www.census.gov/foreign-trade/statistics/highlights/toppartners.html#exports

Boycott Mexico oil, walk to work!

Posted by: Fat Man on October 16, 2008 01:16 AM

Mexico and the U.S. are both slated for a big fall and this fact has many in Washington making plans to deal with the social disorder that will follow an economic collapse. Our economic ties to Mexico will make the fall all the more painful...
http://www.youtube.com/watch?v=uine4FD9nyE

Posted by: Sandman on October 16, 2008 12:53 PM

I"ve said this a thousand times and I believe it to be absolutely true. MEXICO, has never had an economic crisis. What it has had through its whole unglorious history is WINE, WOMEN AND SONG, CORRUPT TO THE CORE, ELITES, that don't now, and never did give a cr-p about their citizens.

Afterall, even Bernanke and Paulson, have admitted that our economic catastrophe is man made. Right. Man made by the elites in this nation. Same goes for Mexico. When you have rotten leaders, you have rotten economies.

Posted by: Bobby on October 16, 2008 05:10 PM

You talk as though the jobs they have in Mexico are going to keep them there. Yet hundreds of thousands of them continue to illegally cross the border every month. Why? I suspect it’s because the wages they are making barely keep them at poverty level. That’s the only reason American jobs were shipped down to Mexico. No Ralph and Fat Man, unless the Mexican government takes the steps required to make it possible for its people to open businesses and participate in its own thriving economy, her people will always swarm across the border. Mexico is not a third world country by nature, but rather by design.

Do you think it’s an accident that this “world economy” is tanking? When you systematically reduce the incomes of so many people, there is no fuel for the economic engine. The truth is that if people don’t spend money, the economy lags. When banks lend money to people who can’t pay it back, the likelihood is that they will fold. All of this is happening in the name of corporate greed.

As an American, I am profoundly ashamed that instead of fostering a trade and industry model that would enrich not only Americans, but people all over the world, my government has chosen instead to condemn us all to a third world existence.

As for a boycott of Mexican oil, well, maybe not. I will however be turning my thermostat way down this winter, as will most of my friends and family. As for walking to work, I live 8/10ths of a mile from my job, so maybe that’s not a bad idea. Good for my heart, too.

As for American companies who participate in this dastardly scheme, I stand by my commitment to boycott them. In fact, I consider it my responsibility to do everything in my power to dismantle this atrocity. And unless you profit from it, so should you. Do you profit from it?

Posted by: melena29 on October 16, 2008 08:21 PM

Don't think for a minute, if things get really bad in Mexico, that many millions won't trek north to get a
little work and public assistance. We need the fences, and only McCain is likely to do anything about building them. It is like a choice between Hitler and Mussolini!
Both are potentially horrible, but OBAMA is the world
"king" of political pandering. At least, we might pressure
McCain into finishing the fences and manning them. As
for OBAMA...give me a break!

Posted by: ASllan S. on October 17, 2008 03:21 PM

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