Vice President Kamala Harris, doubtlessly growing exasperated by the criticism she’s received for neglecting her Southern border duties, has called on Wall Street CEOs to help her sort out immigration problems.

The summoned executives came from prominent commercial banks like JPMorgan Chase and Citigroup, as well as industry titans from Microsoft, Chobani, PepsiCo Latin America, Cargill and Airbnb.

In early January, Harris announced more than $1.2 billion in new funding to address, as she so often calls it, the “root causes” of migration to the United States. The concept is to foster more economic opportunity in the Northern Triangle countries of Honduras, Guatemala and El Salvador to deter illegal immigration.

Harris made the announcement during a roundtable with the CEOs. Offering a preview of her announcement to reporters, a senior White House representative praised “her leadership, her vision.”

A more complete analysis of the promised funding is that it represents a major commitment by the big businesses, but no money has been invested yet, no jobs have been created, and no one even knows if the subsidy — assuming it ever gets off the ground — will have the promised effect of deterring illegal immigration.

A look back at history suggests that Harris’ throw-money-at-the-problem plan is doomed to fail, and colossally.

Not that long ago, in 2015 to be exact, and under exactly the identical circumstances of border surging that included large numbers of unaccompanied minors, President Barack Obama’s administration proposed a huge investment in the Northern Triangle countries.

Then-Vice President Joe Biden wrote a New York Times op-ed headlined “A Plan for Central America” that envisioned “systematic change” which would stabilize neighborhoods to reduce crime, encourage investments and create more effective tax collections among local governments.

Biden promised that the Obama administration’s financial support would end “endemic violence and poverty.”

In his op-ed, Biden also compared the Obama administration’s proposed team up with the Alliance for Prosperity to the 1999 Plan Colombia, a failed six-year, $9 billion anti-drug experiment.

By 2006, the State Department, then under President George W. Bush’s direction, shifted its funding to Mexico, and the Mérida Initiative with part of its funding designated for Central America.

The initiative promised to curtail “the illicit flow of drugs, people, arms ;and cash,” a vow that has been broken virtually since the moment the ink dried on the pact.

In 2010, the Central America program was separated from the Mérida Initiative, and repackaged as CARI. From 2008 to 2013, the Mérida Initiative and CARI received more than $2 billion and $574 million in federal funding, respectively.

But CARI did nothing to stem violence or to reduce the migrant surge into the United States. If anything, the opposite happened.

In Guatemala and Honduras, homicide rates climbed steadily as U.S. funding for militarization via CARI began to flow. Honduras sent the largest number of kids to the U.S. border, followed by Guatemala.

In 2012, two full years into CARI, there were 7,172 recorded homicides in Honduras, marking the most violent year in the country’s recent history. Murders in Honduras have since declined, but are still an unacceptably high at 3,496 in 2020.

Over the years, the United States has poured billions of dollars into the Northern Triangle countries with little to show for the money invested. Thousands of poetic words have been spoken and written like Biden’s and Harris’ about U.S. commitment to help the Northern Triangle nations help themselves.

But Harris, the so-called border czar knows, as well as anyone, that with the borders wide open and beckoning, no amount of money or posturing, flowery editorials or public relations-written canned speeches will stop traffickers from bringing drugs and humans north.

The National Center for Health Statistics reported that drug overdose deaths in the United States during 2020 soared 31% to 91,977.

Sex trafficking for profit is big business, but prosecutions for those crimes are rare. Through its willful neglect, the Biden-Harris administration encourages trafficking despite its tragic and preventable cost in American lives.

As of early January, the White House has given no indication that it will stop the huge inflow — a record high 1.7 million-plus during 2021 — of mainly poor, unskilled and under-educated migrants.

Few fault migrants for wanting to improve their lives. But the unasked and therefore unanswered question is what will happen to education, health care, housing and myriad social challenges if, as appears probable, those waves of migrants continue coming.

The latest Census Bureau data indicates that the United States has 37 million people it classifies as living in poverty, and millions of Americans unemployed or underemployed. Struggling Americans are nowhere on the Biden administration’s radar.

— Joe Guzzardi is an analyst and researcher with Progressives for Immigration Reform who now lives in Pittsburgh. He can be reached at, or follow him on Twitter: @joeguzzardi19. Click here to read previous columns. The opinions expressed are his own.

Joe Guzzardi

Joe Guzzardi

Joe Guzzardi is a nationally syndicated columnist writing about immigration and related social issues. A California native who now lives in Pittsburgh, he’s a Progressives for Immigration Reform analyst who can be reached at The opinions expressed are his own.