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To: stock2005 who wrote (10811)	4/10/2006 5:35:14 PM
From: Patrick Slevin	Respond to of 12411

I've got a statistic on that but I think it's at another office I have. Generally, without the relative statistics to refer to, there have been waves of immigration since the Census became a recorded and maintained piece of information. A case could be made, by the way, that if there had been zero immigration during the 20th Century the US economy would have been smooth with relatively mild recessions and booms. Don't take offense, I have dual nationality myself only because my own parents were immigrants; I'm just stating a conclusion that could be drawn based on US demographics over the past century. --------------- However your premise is that this wave of immigration is led by well-funded people who can step right into the breach and replace X number of BB's.....one of the statistics I need to refer to is "How many Boomers" (probably more than 30 million)...... Historically, the waves of immigrants needed years to reach the earnings levels. This of course always happened, but unless you are saying that they already have the spending power I cannot see this replacement occurring so rapidly. Then as well, many immigrants today aren't coming here to stay, not the well educated ones in any event. Certainly not with the intent that earlier waves had.