As an Extreme Investor, staying informed about the economic impact of political decisions is crucial. Recently, New York City has been in the spotlight for its handling of the migrant crisis, with Governor Abbott of Texas sending thousands of migrants to the Big Apple. This move has sparked controversy, with accusations of sanctuary city policies and open border support.
While politicians like Eric Adams blame Republicans for the city’s woes, the truth is that the Biden Administration is at the heart of the issue. The Center for Immigration Studies revealed that Biden has flown in over 33,000 undocumented migrants to NYC, making up 22% of the city’s migrant population. This is just a fraction of the 386,000 illegal immigrants brought to America since January 2023, without authorization from Congress.
The lack of coordination between federal and state governments has raised concerns, with Republican governors like Ron DeSantis and Greg Abbott voicing their frustrations. This disregard for state and local authorities has created a chaotic situation, where the number of illegal immigrants in the country now exceeds the number of US military personnel.
At Extreme Investor Network, we understand the implications of these decisions on the economy and investment opportunities. Stay tuned for more updates on how political developments impact financial markets and how you can navigate these challenges as an investor. Remember, knowledge is power in the world of economics and finance.
