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From Saagar Enjeti, White House Correspondent for The Daily Caller:
The White House is planning on targeting remittance payments made by illegal immigrants in the wake of an ongoing migrant flood at the U.S. southern border, a senior administration official told reporters Tuesday.
The White House plan to go after remittance payments falls in line with a proposal from former Kansas Secretary of State Kris Kobach, who is being considered to replace outgoing DHS Secretary Kirstjen Nielsen.
Kobach told Breitbart News on Tuesday that this will be an effective way for President Donald Trump to compel the Mexican government to take more enforcement action against Central Americans trafficking through their country.
OK, Let’s break this down.
Allegedly about 20 percent of Mexico’s GDP comes from remittances from illegals residing in ol’ Estados Unidos. To put that in dollar terms, that is more than $200 billion a year. A 20-percent reduction to Mexico’s GDP would be a muy huge hit to their economy, which by the way has already seen their GDP slide over 10 percent since 2014.
This is a threat that far-left President Andrés Manuel López Obrador would have to take very seriously. Even a cut of a quarter of the remittances would likely drive Mexico, already floundering, into a deep recession if not a full blown depression.
When Trump claimed that he was going to make Mexico pay for the border wall, many people laughed. Those people probably shouldn’t be laughing anymore. $8-12 billion or whatever it costs for the wall would be peanuts compared to a major cut in remittances for Mexico.Published in