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Mexican Migration May Be Over
Townhall.com ^ | December 10, 2012 | Michael Barone

Posted on 12/10/2012 3:32:21 AM PST by Kaslin

Is mass migration from Mexico to the United States a thing of the past?

At least for the moment, it is. Last May, the Pew Hispanic Center, in a study based on U.S. and Mexican statistics, reported that net migration from Mexico to this country had fallen to zero from 2005 to 2010.

Pew said 20,000 more people moved to Mexico from the United States than from there to here in those years. That's a vivid contrast with the years 1995 to 2000, when net inflow from Mexico was 2.2 million people.

Because there was net Mexican immigration until 2007, when the housing market collapsed and the Great Recession began, it seems clear that there was net outmigration from 2007 to 2010, and that likely has continued in 2011 and 2012.

There's a widespread assumption that Mexican migration will resume when the U.S. economy starts growing robustly again. But I think there's reason to doubt that will be the case.

Over the past few years, I have been working on a book, scheduled for publication next fall, on American migrations, internal and immigrant. What I've found is that over the years this country has been peopled in large part by surges of migration that have typically lasted just one or two generations.

Almost no one predicted that these surges of migration would occur, and almost no one predicted when they would end.

For example, when our immigration system was opened up in 1965, experts testified that we would not get many immigrants from Latin America or Asia. They assumed that immigrants would come mainly from Europe, as they had in the past.

Experts have also tended to assume that immigrants are motivated primarily by economic factors. And in the years starting in the 1980s, many people in Latin America and Asia, especially in Mexico, which has produced more than 60 percent of Latin American immigrants, saw opportunities to make a better living in this country.

But masses of people do not uproot themselves from familiar territory just to make marginal economic gains. They migrate to pursue dreams or escape nightmares.

Life in Mexico is not a nightmare for many these days. Beneath the headlines about killings in the drug wars, Mexico has become a predominantly middle-class country, as Jorge Castaneda notes in his recent book, "Manana Forever?" Its economy is growing faster than ours.

And the dreams that many Mexican immigrants pursued have been shattered.

You can see that if you look at the statistics on mortgage foreclosures, starting with the housing bust in 2007. More than half were in the four "sand states" -- California, Nevada, Arizona and Florida -- and within them, as the Pew Hispanic Center noted in a 2009 report, in areas with large numbers of Latino immigrants.

These were places where subprime mortgages were granted, with encouragement from Fannie Mae and Freddie Mac, to many Latinos unqualified by traditional credit standards.

These new homeowners, many of them construction workers, dreamed of gaining hundreds of thousands of dollars as housing prices inevitably rose. Instead, they collapsed. My estimate is that one-third of those foreclosed on in these years were Latinos. Their dreams turned into nightmares.

We can see further evidence in last month's Pew Research report on the recent decline in U.S. birthrates. The biggest drop was among Mexican-born women, from 455,000 births in 2007 to 346,000 in 2010.

That's a 24 percent decline, compared with only a 6 percent decline among U.S.-born women. It's comparable to the sharp decline in U.S. birthrates in the Depression years from 1929 to 1933.

Beneath the cold statistics on foreclosures and births is a human story, a story of people whose personal lives have been deeply affected by economic developments over which they had no control and of which they had no warning.

Those events have prompted many to resort to, in Mitt Romney's chilly words, "self-deportation." And their experiences are likely to have reverberations for many others who have learned of their plight.

Surges of migration that have shaped the country sometimes end abruptly. The surge of Southern blacks to Northern cities lasted from 1940 to 1965 -- one generation. The surge of Mexicans into the U.S. lasted from 1982 to 2007 -- one generation.

The northward surge of American blacks has never resumed. I don't think the northward surge of Mexicans will, either.


TOPICS: Culture/Society; Editorial
KEYWORDS: aliens
Navigation: use the links below to view more comments.
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1 posted on 12/10/2012 3:32:25 AM PST by Kaslin
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To: Kaslin

US and Mexican statistics... why would they lie? I would believe the testimony of a few border agent, but not the some shadowy statistics. Why don’t they post a website for the border cams so we can see for ourselves? That would be very.. what’s the word.. transparent.


2 posted on 12/10/2012 3:37:27 AM PST by momincombatboots (Back to West by G-d Virginia.)
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To: momincombatboots

I feel the same way as you do


3 posted on 12/10/2012 3:38:42 AM PST by Kaslin ( One Big Ass Mistake America (Make that Two))
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To: Kaslin

Simple. No jobs, no immigrants. The prime reason people came here has always been economic. No reason to come and experience the cultural jolt if there is no real opportunity. By the way, the immigration reforms of 1965 fundamentally changed America culturally, ethnically and politically. Obama was no accident.


4 posted on 12/10/2012 3:39:14 AM PST by allendale
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To: Kaslin

Is mass migration from Mexico to the United States a thing of the past?


What an absolutely stupid statement!

Is anyone stupid enough to believe that these statistics are even anywhere near accurate? Do these “researchers” stand at the border and actually count how many illegals cross into the U.S. daily? Answer: Hell no!

And....how about a study on how many get across the border and dump “anchor babies” on our soil along with how fast they breed and dump little bundles of welfare joy upon the tax paying citizens of our country each year.

I just cringe when I read reports like the one posted.


5 posted on 12/10/2012 3:40:27 AM PST by DH (Once the tainted finger of government touches anything the rot begins)
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To: momincombatboots

They only want to make that arrogant pos occupant of 1600 Pennsylvania Ave look good


6 posted on 12/10/2012 3:41:00 AM PST by Kaslin ( One Big Ass Mistake America (Make that Two))
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To: Kaslin

Barone also predicted a Romney landslide. Makes ya wonder where he pulls his numbers from.


7 posted on 12/10/2012 3:49:17 AM PST by dirtboy
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To: Kaslin

Maybe if they’re just counting the legal ones. There’s no way to track the ones that sneak across.


8 posted on 12/10/2012 3:57:49 AM PST by al_c (http://www.blowoutcongress.com)
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To: allendale
Simple. No jobs, no immigrants.

No jobs or welfare, no immigrants.

9 posted on 12/10/2012 4:05:33 AM PST by Fresh Wind
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To: Kaslin
An interesting observation made by Barone is about the large numbers of Hispanic immigrants whose dreams of owning a house were crushed by lib-leftist activists. The radical activists were the ones in the Clinton admin pushing for the relaxation of the normal lending rules leading to the disaster of the sub-prime, financial crisis of 2007. They can "thank" a number of Hispanic activists who along with the prime masters of disaster, Clinton and Janet Reno, who forced banks and lending institutions to grant these people mortgages they couldn't afford. Blacks, Hispanics, and Amero-Indians were the people hurt most by the criminal actions of the Clinton admin.

So when libs go about Clinton's great economic record of the 1990s, remind them that Slick Willy was the prime wrecker of the economy in the first decade of the new century. Read Paul Sperry's "The Great American Bank Robbery" or Tom Sowell's "The Housing Boom and Bust" to get the info on yet another lib-caused catastrophe. And as in all the other cases, it hurt the people they were trying to help more than any other group.

10 posted on 12/10/2012 4:06:12 AM PST by driftless2
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Its economy is growing faster than ours.

A big part of the reason for that, is that Obama's economic policies are rapidly bringing our economy downward to meet their third world economy.

11 posted on 12/10/2012 4:16:10 AM PST by Graybeard58 ("Civil rights” leader and MSNB-Hee Haw host Al Sharpton - Larry Elder)
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To: All
Barone should have been more detailed WRT Mexican immigrants' wily plans to profit off America----that were shattered along with massive mortgage foreclosures, via the 2007 housing bust in Latino-dominated states like California, Nevada, Arizona and Florida.

Latinos calculated they'd make thousands of dollars as housing prices inevitably rose. Instead, they collapsed---some one-third of those foreclosed on were Latinos.

Subprime mortgages were granted, with encouragement from Fannie Mae and Freddie Mac, to Latinos unqualified by traditional credit standards lenders established for nonn-Mexican borrowers.

Keep in mind----the sub-prime mtge story is ultimately about “criminal” behavior that has eluded prosecution.

==============================================

TIME TO NAIL THE CONGRESSMAN WHO COLLUDED IN THE BILLION DOLLAR SUB-PRIME DEBACLEThe Congressional Hispanic Institute, Inc, is an entity organized by Cong Joe Baca (D-Cali) in his capacity as head of the Congressional Hispanic Caucus.

Cong Baca created "HOGAR" (Spanish for home) in 2003 to work with the mortgage industry, lender and banks and latino community groups to increase mortgage lending to what savvy observers considered to be unqualified Latinos.

"HOGAR" colluded w/ Cong Baca in what was to become a massive bilking of taxpayers. Cong Baca calculatedly hyped the fact that the national Latino homeownership rate was 47%, compared with 68% for the overall population.

HOGAR was coached to call the figure "alarming," and to say "a concerted effort was required to ensure that by the end of the decade Latinos will share equally in the American Dream of home ownership."

HOGAR and Cong Baca conned the public, failing to note that most of the "dreamers" were illegals, citizens of Third World countries who had violated US borders.

Predictably, HOGAR colluded w/ co-conspirators which included:

(a) shaky mortgage companies that ran into big trouble;

(b) Fannie Mae and Freddie Mac, both now under federal control after billions in taxpayer bailouts;

(c) Countrywide Financial Corp., sold to Bank of America Corp;

(d) Washington Mutual Inc., taken over by the US government and sold to J.P. Morgan Chase & Co.; and,

(e) New Century Financial Corp. and Ameriquest Mortgage Corp, both now defunct, killed by defaulted subprime Latino mortgages.

HOGAR's ties to the subprime mortgage industry were substantial. Bribery and self-dealing were rampant:

<><> Companies that donated $150,000 to Cong Baca got the right to have their own research fellow who would conduct fraudulent studies, which were cunningly used by industry lobbyists to pump lending.

<><> Bribery and extortion in the form of $100,000 annual donations to Cong Baca, for which HOGAR provided phony news releases from Cong Baca's Hispanic Caucus promoting a lender's commercial products to the Latino market,

<><> The most shocking example of bribery well-substantitated by Hogar's literature..... HOGAR announced it worked with Freddie Mac on a self-serving two-year examination of Latino homeownership in 63 congressional districts.

The "study" found Hispanic ownership on the rise thanks to "new flexible mortgage loan products" that the industry was adopting at the urging of Cong Baca's collusive coterie.

<><> HOGAR conned lenders into even more lenient down-payment and underwriting standards.

<><> As the subprime debacle unfolded, HOGAR declined repeated requests for comment despite the economic havoc their activities precipitated.

The mortgage schemes demonstrated the criminal activities of border violators with multiple identities---perhaps violent, terrorist-connected foreigners---colluding and conspiring to defraud private companies and public entities. And mortgage racketeering enterprises which employed sub rosa finance and business practices to carry out deceptions and frauds.

The alleged ring of swindlers---a Congresman, individuals with multiple identities, banks, insurance companies, mortgage nrokers--might be charged with cheating the US govt, taxpayers and bank share holders out of hundreds of millions of dollars via an elaborate web of mortgage and bank frauds.

The mortgage Dreamers used multiple phony identities, fraudulent Social Security numbers, purchased from identity forgers in order to obtain govt-subsidized benefits.

L/E will find that individuals with multiple identities obtained fraudulent mortgages then flipped the houses at ever-higher prices to family member who then absconded to foreign countries, sticking banks (and taxpayers) with hundreds of millions in fraudulent mortgages.

BACKGROUND A Wall Street Journal investigative report related that, according to the Federal Financial Institutions Examination Council examination of the borrowing spree, uncovered financial schemes by low-income housing groups, Hispanic lawmakers, a congressional Hispanic housing initiative, mortgage lenders and brokers, all colluding in fraduent schemes to increase homeownership among Latinos with forged documents which enabled massive fraud.

This was not simply the mortgage market at work. It was fueled by avarice, greed, and Congressional enabling fraudulent practices. In 2005 alone, mortgages to Hispanics jumped by 29%; Latinos with multiple fraudulent identities in low-paying jobs obtained subprime mortgages for prime properties---soaring to 169%.

(Research provided by Wall Street Journal. Some material excerpted from the NY Times.

12 posted on 12/10/2012 4:21:06 AM PST by Liz ("Come quickly, I'm tasting the stars," Dom Perignon)
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To: driftless2
N-I-C-E take. Could not agree more.

========================================

GENESIS OF THE F/M BILKING--- Clinton appointee. Fannie Mae CEO Franklin Raines' Letter to Shareholders--excerpted from 2003 Fannie Mae Annual Report

Excerpt ...Ten years ago the typical conforming mortgage required a down payment of 10- 20%, and low-down payment mortgages were considered too risky. But then we helped to standardize the 3-5% down payment loan, brought it to global capital markets, and made it available to lenders and communities nationwide. Now low-down payment loans are commonplace. And we just adopted a new variance in our underwriting standards that will make the $500 down payment loan widely available as well...

In 1994, we pledged to provide $1 trillion in capital to ten million underserved families by the end of 2000. Thanks to our housing and industry partners, we met that goal early.

Then in 2000, we launched our American Dream Commitment, a pledge to provide $2 trillion in capital to 18 million underserved families by the year 2010, including $400 billion targeted specifically for minority families (later raised to $700 billion in response to President Bush’s Minority Homeownership Initiative). After four of the strongest years in housing and mortgage finance history, we’ve already surpassed the top-line goals of this commitment. But our work is far from complete.

So in January 2004, we announced our Expanded American Dream Commitment and pledged significant new resources to tackle America’s toughest housing challenges. Our new commitment has three main goals.

First, we will expand access to homeownership for six million first- time home buyers in the next ten years, including 1.8 million minority first-time home buyers.We also will help raise the national minority homeownership rate from 49 percent to 55 percent, with the ultimate goal of closing it entirely.

Second, we will help new and long-term homeowners stay in their homes through a series of initiatives, and commit $15 billion to preserve affordable rental housing and $1.5 billion to support the revitalization of public housing communities.

Third, we will increase the supply of affordable housing and support community development activities in at least 1,000 neighborhoods across the country through our American Communities Fund, and through targeted investments like Low-Income Housing Tax Credits that help finance affordable rental housing.

It is because of initiatives like our Trillion Dollar Commitment and our American Dream Commitment that we have exceeded our HUD affordable housing goals for ten consecutive years. (End Raines excerpt.)

==================================================

FANNIE-MAE--THE DEMOCRATS' CRIMINAL ENTERPRISE / By Michelle Malkin

Fannie/Freddie are centerpieces of the criminal enterprise called the Democrat Party-—where Dem cronies and collaborators loot the organization, get cushy jobs, bonuses, and the like.

Fannie Mae’s political machine dispensed campaign contributions, gave jobs to friends and relatives of legislators, hired armies of lobbyists (even paying lobbyists not to lobby against it), paid academics who wrote papers validating the home ownership mania, and spread “charitable” contributions to housing advocates across the congressional map.

Fannie Mae serves as an industrial-sized patronage factory — sharing profits with political allies, spreading taxpayer funds to voting blocs——like ethnic groups-——and doling out jobsto left-wing academics, Washington has-beens and back- scratching buddies.

Obama insider Fannie Mae exec Jim Johnson got sweetheart loans from shady subprime Countrywide. Pols raked in six- figure salaries as F/F engaged in Enron-style accounting, plunged into debt and helped usher in the subprime housing meltdown through cockamamie lending practices.

Bill Clinton appointed Franklin Raines, Daley and Rahm Emanuel just as the quasi-governmental F/M engaged in rampant book-cooking so that F/M insider could help themselves to massive bonuses.

The Chi/Tribune exposed how political whore Rahm Emanuel’s “profitable stint” was low-show w/ no work involved. Emanuel was not even assigned to committees, according to company proxy statements. Immediately upon joining the board, Emanuel and other insiders qualified for $380,000 in stock and options plus a $20,000 annual fee, public records indicate. W/ Wall Street Rahm Emanuel at F/M, accounting tricks were used to mislead shareholders about outsize profits F/M reaped from risky investments.

The goal was to cook the books to keep fraudulent earnings on the books, to make Freddie Mac look profitable on paper- ——AND to fraudulently obtain humongous annual bonuses for political insiders.

13 posted on 12/10/2012 4:25:57 AM PST by Liz ("Come quickly, I'm tasting the stars," Dom Perignon)
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To: DH
What an absolutely stupid statement!

Wrong, You posted a stupid statement.

Did you notice the question mark at the end of the sentence? Is mass migration from Mexico to the United States a thing of the past?

Statements do not end with a question mark

14 posted on 12/10/2012 4:34:31 AM PST by Kaslin ( One Big Ass Mistake America (Make that Two))
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To: dirtboy
Yes he did, and Romney would have probably won had that arrogant pos occupant of 1600 Pennsylvania Ave not stolen the election.

Why do you think he was so sure month ago before the election, that he would be reelected?
Think about it.

15 posted on 12/10/2012 4:39:16 AM PST by Kaslin ( One Big Ass Mistake America (Make that Two))
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To: Kaslin

If it weren’t for the Democrats’ free stuff that exchanges welfare for votes, illegals would be leaving the USA. The economy in Mexico is better than in the USA and the cost of living is much cheaper.

Of course, the lawlessness due to drug and illegal alien smuggling is a negative, but it’s really not as bad as living in the Chicago ghetto.


16 posted on 12/10/2012 4:39:45 AM PST by txrefugee
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To: Kaslin
There's a widespread assumption that Mexican migration will resume when the U.S. economy starts growing robustly again.

'IF' might be the better word here...

17 posted on 12/10/2012 4:40:03 AM PST by Elsie (Heck is where people, who don't believe in Gosh, think they are not going...)
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To: Kaslin
Is mass migration from Mexico to the United States a thing of the past?

'INVASION' fits better as well...

18 posted on 12/10/2012 4:41:09 AM PST by Elsie (Heck is where people, who don't believe in Gosh, think they are not going...)
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To: Kaslin

Pew Hispanic Center, huh? Relying on them for these stats is pure folly. Let’s see how long it takes PHC to call for more open immigration from messyco or relaxing the rules.


19 posted on 12/10/2012 4:41:19 AM PST by raybbr (People who still support Obama are either a Marxist or a moron.)
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To: DH
I just cringe when I read reports like the one posted.


 
 

Party ownership of the print media
made it easy to manipulate public opinion,
and the film and radio carried the process further.


 



16. Ministry Of Truth

.......

The Ministry of Truth, Winston's place of work, contained, it was said, three thousand rooms above ground level, and corresponding ramifications below.

The Ministry of Truth concerned itself with Lies. Party ownership of the print media made it easy to manipulate public opinion, and the film and radio carried the process further.

The primary job of the Ministry of Truth was to supply the citizens of Oceania with newspapers, films, textbooks, telescreen programmes, plays, novels - with every conceivable kind of information, instruction, or entertainment, from a statue to a slogan, from a lyric poem to a biological treatise, and from a child's spelling-book to a Newspeak dictionary.

Winston worked in the RECORDS DEPARTMENT (a single branch of the Ministry of Truth) editing and writing for The Times. He dictated into a machine called a speakwrite. Winston would receive articles or news-items which for one reason or another it was thought necessary to alter, or, in Newspeak, rectify. If, for example, the Ministry of Plenty forecast a surplus, and in reality the result was grossly less, Winston's job was to change previous versions so the old version would agree with the new one. This process of continuous alteration was applied not only to newspapers, but to books, periodicals, pamphlets, posters, leaflets, films, sound-tracks, cartoons, photographs - to every kind of literature or documentation which might conceivably hold any political or ideological significance.

When his day's work started, Winston pulled the speakwrite towards him, blew the dust from its mouthpiece, and put on his spectacles. He dialed 'back numbers' on the telescreen and called for the appropriate issues of The Times, which slid out of the pneumatic tube after only a few minutes' delay. The messages he had received referred to articles or news-items which for one reason or another it was thought necessary to rectify.

In the walls of the cubicle there were three orifices. To the right of the speakwrite, a small pneumatic tube for written messages; to the left, a larger one for newspapers; and on the side wall, within easy reach of Winston's arm, a large oblong slit protected by a wire grating. This last was for the disposal of waste paper. Similar slits existed in thousands or tens of thousands throughout the building, not only in every room but at short intervals in every corridor. For some reason they were nicknamed memory holes. When one knew that any document was due for destruction, or even when one saw a scrap of waste paper lying about, it was an automatic action to lift the flap of the nearest memory hole and drop it in, whereupon it would be whirled away on a current of warm air to the enormous furnaces which were hidden somewhere in the recesses of the building.

As soon as Winston had dealt with each of the messages, he clipped his speakwritten corrections to the appropriate copy of The Times and pushed them into the pneumatic tube. Then, with a movement which was as nearly as possible unconscious, he crumpled up the original message and any notes that he himself had made, and dropped them into the memory hole to be devoured by the flames.

What happened in the unseen labyrinth to which the tubes led, he did not know in detail, but he did know in general terms. As soon as all the corrections which happened to be necessary in any particular number of The Times had been assembled and collated, that number would be reprinted, the original copy destroyed, and the corrected copy placed on the files in its stead.

In the cubicle next to him the little woman with sandy hair toiled day in day out, simply at tracking down and deleting from the Press the names of people who had been vaporized and were therefore considered never to have existed. And this hall, with its fifty workers or thereabouts, was only one-sub-section, a single cell, as it were, in the huge complexity of the Records Department. Beyond, above, below, were other swarms of workers engaged in an unimaginable multitude of jobs.

There were huge printing-shops and their sub editors, their typography experts, and their elaborately equipped studios for the faking of photographs. There was the tele-programmes section with its engineers, its producers and its teams of actors specially chosen for their skill in imitating voices; clerks whose job was simply to draw up lists of books and periodicals which were due for recall; vast repositories where the corrected documents were stored; and the hidden furnaces where the original copies were destroyed.

And somewhere or other, quite anonymous, there were the directing brains who co-ordinated the whole effort and laid down the lines of policy which made it necessary that this fragment of the past should be preserved, that one falsified, and the other rubbed out of existence.

 
 


20 posted on 12/10/2012 4:42:42 AM PST by Elsie (Heck is where people, who don't believe in Gosh, think they are not going...)
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To: Kaslin

To me it’s an indication that after waves of immigration (legal and otherwise)the US has become enough like Mexico to make the trip north not worth much.


21 posted on 12/10/2012 4:43:28 AM PST by luvbach1 (We are finished.)
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To: Elsie

Your reply is straight from the pages of my most favorite book....1984. Thanks


22 posted on 12/10/2012 4:56:50 AM PST by DH (Once the tainted finger of government touches anything the rot begins)
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To: allendale

I own a small business in an Hispanic neighborhood in Santa Ana, Ca. Starting in 2008 the population of people on the streets bacame noticably smaller. There were still young mothers with baby strollers, but a lot less. The number of day laborers in front of Home Depot dropped from, in my estimation, 150 to about 50. In about 2010 I asked the manager of the 7-11 how much business had contracted since the peak. Answer, 25% contraction. Ditto for a neighborhood market/liquor store where I was told the drop was 25%-40%. The population of Santa Ana dropped from a high of 347,000 to 326,000 in the 2010 census. It is probably less today. Anecdotal information about some of the people who have gone back to Mexico indicates that they are finding jobs there and won’t be back. I believe that Barone’s report is correct as far as what is happening now. The book is still open on whether the northward migration will ever resume.


23 posted on 12/10/2012 4:57:05 AM PST by Sam Clements
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To: All
BTW, lead counsel in two of the "mtge standard lawsuits"----none other than Barack HObama representing the arch criminal organization, ACORN.

HERE'S HOW THE SAP-HAPPY CRIMINAL LIBERAL MIND WORKS HObama sued lenders to force them to give out toxic loans, and now, as President, he is suing them for complying, and actually lending the money.

=============================================

FYI---under the new HObam'ed "non-existent mtge standards," lenders could no longer turn down a loan from someone who received welfare, unemployment compensation, child support as their "primary income." One couple receiving only SSI---applied for a mtge w/ a fraudulent app prepared by a greedy latino realty agent.

==================================================

REFERENCE Clinton appointee Andrew Cuomo's Social Engineering as HUD Chief Contributed to Subprime Crisis / originally published on Examiner.com

New Yorkers voted Andrew Cuomo as governor---but Cuomo's gargantuan political ambitions know no bounds.

As Americans continue to struggle with the loss of their homes, savings and retirement resources, thieving/opportunistic politicans that were complicit in deregulating govt sponsored enterprises (GSEs) in the secondary market----namely Fannie Mae and Freddie Mac---that caused the subprime loan bomb to detonate---are still jockeying for power.

BACKSTORY In 1993 President Bill Clinton appointed Andrew Cuomo to the Department of Housing and Urban Development (HUD) as Assistant Secretary.In 1997 Cuomo took over as HUD chief replacing Clinton appointee Henry Cisneros. Latino Cisneros tenure championed Clinton's goal of social engineering via the housing market forcing lenders to issue loans to those that would not financially qualify for standard-laden lending.

Cisneros left office in a scandal involving lying to the FBI over payouts to a mistress, Cisneros subsequently pleaded guilty to a misdemeanor and though never sent to prison received a pardon from Bill Clinton in 2001.

Andrew Cuomo took the HUD reins and not only furthered Cisneros and Clinton's policies but greatly expanded them.

Henry Cisneros moved the GSEs toward a requirement that 42 percent of their mortgages serve low and moderate income families. Andrew Cuomo raised that number to 50 percent and dramatically hiked GSE mandates to buy mortgages for the "very- low-income."

These bad loans were purchased and sold throughout the secondary market and the pyramid grew and the bottom collapsed resulting in the subprime crisis we are still reeling from today.c

In 2008, the Village Voice published a compelling report detailing Andrew Cuomo's policy decisions "that gave birth to the country's current crisis."

The report touched on how Cuomo's 187-page rules "opened the door to abuse." The rules explicitly rejected the idea of imposing any new reporting requirements on the GSEs. In other words, HUD wanted Fannie and Freddie to buy risky loans, but the department didn't want to hear just how risky they were.

Many New York voters are failing to see the actual harm to the minority community directly caused by Cuomo's policies...matter.

Cuomo's top HUD aide said, "We believe that there are a lot of loans to black Americans that could be safely purchased by Fannie Mae and Freddie Mac if these companies were more flexible."

Andrew Cuomo doubled down and had this to say about his HUD standards, "GSE presence in the subprime market could be of significant benefit to lower-income families, minorities, and families living in underserved areas."

How's that working out for the minority community, where foreclosures and unemployment rates have hit the hardest as a result of such failed policies and blatant social engineering? ///2012 Obama talks a lot about the economy, but says only things that make him look good. The whoppers keep on coming-—now seeking reelection he says taxpayers got back every dime used for TARP to rescue the financial system, and also passed a “historic law” to end taxpayer-funded Wall Street bailouts for good.He keeps forgetting to say US taxpayers are still owed big bucks for the billion dollar bailout of the financial industry. Fannie Mae and Freddie Mac together owe taxpayers over $140 billion.

24 posted on 12/10/2012 4:58:03 AM PST by Liz ("Come quickly, I'm tasting the stars," Dom Perignon)
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To: Kaslin
At least for the moment, it is.

The author answered his own question with a statement.

Statements do not end with a question mark

True. Statements end with a period.

25 posted on 12/10/2012 5:00:55 AM PST by Fresh Wind
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To: Kaslin

Statements do not end with a question mark


Regardless as to your expertise in the writing of the American English....it is a stupid statement to even question the fact of the article.

Anyone even asking the question has to be absolutely brainwashed or naive beyond repair.

True, it’s a question but a statement when determining the “real world” intelligence of the individual asking it.


26 posted on 12/10/2012 5:01:15 AM PST by DH (Once the tainted finger of government touches anything the rot begins)
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To: Kaslin

Obama’s immigration reform. As soon as he gets our economy on a level with that of Zimbabwe, Mexicans will go home to Mexico in droves. Looks like some Americans have already taken their money and gone there to avoid the obvious decline here.


27 posted on 12/10/2012 5:09:04 AM PST by Quickgun (I came here screaming and covered in someone else's blood. I can go out that way if I have to)
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To: Quickgun

And, most of the Mexicans that were going to come are already here.


28 posted on 12/10/2012 5:11:06 AM PST by Quickgun (I came here screaming and covered in someone else's blood. I can go out that way if I have to)
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To: Kaslin
OK...so on to Step #2.Expel every single one of the 30 million wetbacks currently here (white,black,brown,yellow,red) NOW!!!! And then pass a law *mandating* a 15 year prison for anyone found in the country after having been expelled or having been found in violation of any of our residency/immigration/employment laws.
29 posted on 12/10/2012 5:19:23 AM PST by Gay State Conservative (Benghazi: What Did Baraq Know And When Did He Know It?)
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To: Kaslin

America is closed for business. Sad commentary!


30 posted on 12/10/2012 5:19:50 AM PST by New Jersey Realist (America: home of the free because of the brave)
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To: allendale
It may be slowing, but it ain't ending. We still haven't quite achieved third world sh*thole parity with Mexico, although our leaders are working on it.

It also pays better to do nothing but wait for a government check on the north side of the border than the south side, at least until TSHTF.

31 posted on 12/10/2012 5:21:08 AM PST by Vigilanteman (Obama: Fake black man. Fake Messiah. Fake American. How many fakes can you fit in one Zer0?)
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To: Kaslin

We’re full! Close the door.


32 posted on 12/10/2012 5:21:33 AM PST by moovova
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To: Kaslin

seems I read an FR article that Mexican unemployment rates are around 5% - or essentially there is no unemployment problem south of the border. True??


33 posted on 12/10/2012 5:22:06 AM PST by elpadre (AfganistaMr Obama said the goal was to "disrupt, dismantle and defeat al-hereQaeda" and its allies.)
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To: Kaslin
Is mass migration from Mexico to the United States a thing of the past?

Only if all Mexicans who are unsklled with no job prospects in Mexico have already moved to the USA.

34 posted on 12/10/2012 5:28:13 AM PST by from occupied ga (Your government is your most dangerous enemy)
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To: Kaslin

Illegal entries into the US won’t end as long as wages are several times higher in the US, regardless of comparative unemployment stats and economic growth. All these articles about how the problem is over just seem like attempts to justify amnesty for the millions of illegals already in the US.

And now more conservative commentators are joining in the effort.


35 posted on 12/10/2012 5:28:47 AM PST by Will88
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To: Kaslin

Just anecdotal here, but there has been a VERY noticeable reduction in the amount of ‘Mexicans’ around here where I live, compared to 2007/08. The ones that are left here are likely members of the FSA, as they no longer have to work ‘official’ jobs, and have the .gov handouts rolling in.


36 posted on 12/10/2012 5:31:33 AM PST by KoRn (Department of Homeland Security, Certified - "Right Wing Extremist")
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To: momincombatboots

Well, I can only speak for myself, but I teach in inner-city Los Angeles and it does indeed look like the Hispanic population is receding. In 2004, our schools were on year-round shift schedules because we had so many kids (95% Latino) that we couldn’t accommodate them all. Then the numbers started dropping. We were able to go to traditional school schedule. Then we started seeing newly opened schools close again. It became really noticeable around 2009.


37 posted on 12/10/2012 5:33:39 AM PST by A_perfect_lady (Great nations are born stoic and die epicurean. -Will Durant)
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To: Kaslin; mickie
With amnesty certain to be proclaimed throughout the land next year by the Emperor Obama, no one is telling me that the flood northward isn't continuing unabated across our southern borders.

Since when is lack of employment being cited when illegals will become legal in 2013 and live quite well when they band together in communal lodgings, pooling their government welfare checks and enjoying health care benefits, to boot. They don't have to work at all.

All this, of course, will be enjoyed by the newly-legal thanks to the concern and generosity of Obama and his magical "stash".

Illegals will still come here, despite no jobs....who needs jobs as long as there's well fare?

Leni

38 posted on 12/10/2012 5:33:45 AM PST by MinuteGal (Please Restore Former Format on FR "Latest Posts" Page ASAP !)
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To: Kaslin

Things not said:

1) Mexico has reached the economic-demographic plateau, and its birthrate has plummeted to about 2.3 to 2.5. Thus, in short order, there will not be enough “excess population” to sustain mass emigration, outside of a major war or natural disaster.

2) Much of the huge migration wave was caused by Mexican President Vincente Fox, who persuaded the government to implement the “Plan Puebla Panama”, turning southern Mexico into a gigantic sea/rail/air transportation hub. W. Bush was a big supporter of this as well.

This first part of the PPP was to *depopulate* much of southern Mexico, sending the people who live there North, hopefully to the US. But having accomplished that goal, there are no more teeming masses to send North in a batch.

http://en.wikipedia.org/wiki/Plan_Puebla_Panama

3) Mexicans tend to believe what they are told about coming North. If they are told crossing is easy, and jobs are available, they will come. But if they are told times are hard, the border is fierce, the drug war is violent, etc., most will take a pass and not try.


39 posted on 12/10/2012 6:01:16 AM PST by yefragetuwrabrumuy (Pennies and Nickels will NO LONGER be Minted as of 1/1/13 - Tim Geithner, US Treasury Sect)
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To: Quickgun

No migration lasts forever. It can’t.


40 posted on 12/10/2012 6:10:22 AM PST by Sherman Logan
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To: Kaslin

I think it was as much the arrogance of the Romney campaign as it was any vote theft. One only has to look at how the Romney camp excluded conservatives, ran the most idiotic GOTV campaign in modern history (ORCA) and failed to have any kind of significant swing state voter drive to see they didn’t understand the fight they were in. They thought they just had to sit back and wait for Obama to lose, instead of playing to win.


41 posted on 12/10/2012 6:12:51 AM PST by dirtboy
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To: Sam Clements

Thanks for posting something resembling evidence.

Too many on this thread and elsewhere on FR think such questions should not even be asked.

Is net Mexico/US migration down or even reversing? I have no idea. But improving economy in Mexico and lousy one here has got to reduce the “pressure” leading to migration.


42 posted on 12/10/2012 6:13:38 AM PST by Sherman Logan
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To: Kaslin

Are these numbers “unexpected”?


43 posted on 12/10/2012 6:19:40 AM PST by FlingWingFlyer (I feel sad for my once great country. We deserve everything that is about to happen to us.)
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To: Sam Clements

You mean we can’t burn the witch?

Crud. I brought my new torch.


44 posted on 12/10/2012 6:26:13 AM PST by listenhillary (Courts, law enforcement, roads and national defense should be the extent of government)
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To: allendale

Mexico is running at about a 6% annual growth rate.
Even with cooked, phony Obama numbers we are struggling to scrape 2%. Were it not for the threat of horrendous violence from drug gangs this might have stopped the flow altogether.


45 posted on 12/10/2012 6:42:42 AM PST by Buckeye McFrog
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To: Kaslin
What I've found is that over the years this country has been peopled in large part by surges of migration that have typically lasted just one or two generations.

The US has never advertised for new social welfare customers in a foreign country before, as I believe the government selling food stamps in Mexico now.

What we have found out recently is some immigrants immigrate to work, while others immigrate for freebies. Surprise surprise. Those that came to work have returned south of the border.

I have no doubt the surge will continue as soon as the economy improves, if it improves.

46 posted on 12/10/2012 6:46:31 AM PST by skeeter
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To: Kaslin

Duuuh, the harvest season has ended so those have gone back home. All the others who want to be here are already here.


47 posted on 12/10/2012 6:55:20 AM PST by bgill (We've passed the point of no return. Welcome to Al Amerika.)
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To: Sam Clements

NAFTA is finally having the effect it was supposed to have. We sell pine boards to several companies that have manufacturing plants in Mexico. A lot of furniture, kitchen cabinet doors are now made in Mexico. It is cheaper to sell the raw material to there if the finished product(kitchen cabinets) are being shipped back into the U.S. than it would to ship it to China and then back here.

I would think this would also be the case with many other manufactured goods that are then sold in the US and Canada.
Go into any Home Depot or Lowes. Pick up a bathroom faucet. Most of the cheaper models are made in China. However, many of the better quality are now made in Mexico.


48 posted on 12/10/2012 6:58:11 AM PST by woodbutcher1963
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To: momincombatboots
I believe it has ended -- for the reason that Mexico is doing very well economically these days -- growing at 5% GDP growth per annum for the past few years, beating Brazil for the past two

Also, wage hikes in China mean that the cost of labor in Mexico is now just slightly higher than China and there is a much lower transportation cost, so many factories from China are relocating there.

It seems very likely for Mexican immigration to stop

49 posted on 12/10/2012 7:10:22 AM PST by Cronos (**Marriage is about commitment, cohabitation is about convenience.**)
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To: skeeter
I have no doubt the surge will continue as soon as the economy improves, if it improves.

I wonder -- Obama is going to drive our economy into the ground. At the same time Mexico's is rising.

Even if we start to recover after 4 years, Mexico will not be that far behind the US in terms of quality of living and considering that Obama wants to reduce our quality of living, they may actually be close to us.

people won't migrate north then...

50 posted on 12/10/2012 7:19:33 AM PST by Cronos (**Marriage is about commitment, cohabitation is about convenience.**)
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