Mexico's economy is in much better shape than ours. Their unemployment rate is below 6%, and, with the exception of the sections of the country along the U.S.-Mexican border where drug cartels are killing people, the country is thriving. If it's been looking like the numbers of day laborers hanging out at Home Depot have been shrinking lately, don't credit Immigration and Customs Enforcement for doing its job -- undocumented immigrants are heading back to Oaxaca and Michoacan on their own.
Why is the Mexican economy doing so well while the rest of the world is still reeling from a recession? One reason is banking regulations. Apparently about 30 years ago Mexico went through a financial crisis that caused the government and the banking system there to re-evaluate how to do business. They actually learned something from their mistakes. End result? They didn't get sucked into the global financial meltdown that hit every place else when financial bubbles started bursting on Wall Street here in the U.S.
You know, when Mexico starts looking a lot better than the U.S., you know for sure the slide into third world nationhood is accelerating.