Posted on 05/01/2009 12:42:37 PM PDT by La Lydia
WASHINGTON - Congress should enact "badly needed" immigration reforms to bring in both unskilled and skilled foreign workers if it wants to maintain the nation's economic vitality, former Federal Reserve chief Alan Greenspan said Thursday. Greenspan called for both a temporary worker program for low-skilled jobs and for an increase in visas for highly skilled workers...in testimony at the first Senate hearing this year on the prospects of an immigration overhaul.
Noting the "very large participation" of undocumented workers in both low- and high-skilled jobs, he said, "if you were to remove either of those groups, the economy would be very much in trouble."...Greenspan was the star witness in the first hearing chaired by Sen. Charles Schumer (D-N.Y.), brought in to lay out an economic rationale for immigration reform at a time of economic crisis...The subcommittee's ranking Republican, Sen. John Cornyn of Texas, said he agreed with Schumer on many of his goals for immigration legislation. But later he questioned if it were possible to pass a bill this year.... Though Greenspan acknowledged Americans would like to see "the number of illegals decreased," he said "illegal immigration has made a significant contribution to the growth of our economy."...
Schumer polled the second panel of experts for the top obstacle, and three of four said it was legalizing undocumented workers already in the country. Meisner said it created the political problem when Americans think "that legalization is rewarding lawbreaking."...Schumer responded that the biggest fear of Americans is that a new overhaul, like the 1986 amnesty for undocumented workers, would not stop the influx of illegal immigrants in the future. "Their biggest fear is that it's going to happen again and again and again," he said.
(Excerpt) Read more at newsday.com ...
She probably puts a tape recorder next to him while he sleeps too.
Damn. I’ve been out of steady work for over 6 months. s Is this all that is needed? /s Bastard.
11% or more unemployment plus the country is literally broke due to illegal immigration and Greenspan wants MORE people? He is insane and has zero credibility. He left short term rates too low for too long after 9/11. Idiot.
I wonder what Greenspan's opinion is on abortion which has killed 50 million of America's future skilled and unskilled workers since 1973.
The only reason to allow in more foreign workers is to drive down wages. You can hardly expect most american’s to support that position. If we had a labor shortage, instead of 10% or more unemployment..then there would be some reason.
Right now the US has an excess of unskilled, uneducated workers(and none workers). What we need is more capital to employ them.
Greenspan is no different than the RINO’s and democrats when it comes to saving his own hyde. Boris Yeltsin in “Midnight Diaries” said he knew communism didn’t work. He only became one so he could survive.
Y’know, when people say “the economy”, they all mean different things.
To some....it’s unemployment
To some....it’s stock market levels
To some....it’s low, moderate inflation
To some....it’s trade
To some....it’s corporate profits.
To some....it’s the trade deficit
To some....it’s the rate of business formation
Greenspan is in a different camp. What he’s saying here, and he’s right, is that it would really, really help his banker buddies, if US wages were driven much lower, and if the selective enforcement of laws, never mind the Constitution, would really really help out his pals with all the congressites they could buy off.
bring ayn rand back to life, this guy has lost his mind
Like any other rabid skunks, they need to be properly dispatched and disposed of.
Self deleting what I would like to see happen to Greenscum and his butt ugly skank wife.
Next we'll have some Obama czar making corporations hire these illegals and train them to do our jobs.
(there's already a trend to lay folks off and hire them back as *temporaries) We can't blame all of this on Barry. This *Socialist* agenda has been blooming for many decades in this country. He's the one whose policies will send it over the top.
Not if we replaced these illegal alien workers with American workers and legal immigrant workers.
GLOBALIST SCUM
Hey, Greenspan, you also thought the the free market and all the fine folks in the financial industry would prevent any serious problems from arising in the subprime market.
Are you keeping a scorecard?
Something like “Meals on Wheels”.
What does he care.Old fossil needs to go the hell away and take thatthing you call a wife with you.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.