Tag Archives: alan greenspan

WSJ: We Need an Immigration Stimulus

economy

On Monday, the Wall Street Journal published a great op-ed on why immigration reform is even more important during the current economic crisis.

…the debate on immigration reform beginning this week with congressional hearings that include an appearance by former Federal Reserve Chairman Alan Greenspan. President Barack Obama says he wants to address the issue by the end of the year.

It usually pays to be skeptical about immigration reform, given the alliance between nativists and labor unions for tighter borders. Still, an economic downturn is the right time to move on immigration, one of the few policy tools that could clearly boost growth.

The pace of lower-skilled migration has slowed due to higher unemployment. This could make it less contentious to ease the path to legalization for the 12 million undocumented workers and their families in the U.S. It’s also a good time to ask why we turn away skilled workers, including the ones earning 60% of the advanced degrees in engineering at U.S. universities. It is worth pointing out the demographic shortfall: Immigrants are a smaller proportion of the U.S. population than in periods such as the late 1890s and 1910s, when immigrants gave the economy a jolt of growth.

It is important that the American public understands the connection between immigration reform and our nation’s economic recovery. If you need more proof, tune into the Senate Judiciary hearing tomorrow on immigration reform and hear it straight from the mouth of Alan Greenspan.

Thursday’s Hearing on Immigration is a Big Step Forward

Tomorrow Senator Chuck Schumer (D-NY) will hold his first hearing as Chairman of the Senate Judiciary Committee’s Subcommittee on Immigration, Border Security and Refugees. The hearing is titled Comprehensive Immigration Reform in 2009, Can We Do It and How?”. The list of speakers is expansive – and promising.

The hearing will feature testimony from Former Federal Reserve Chairman Alan Greenspan, Dr. Joel Hunter of the President’s Advisory Council on Faith-Based and Neighborhood Partnerships, and SEIU’s Eliseo Medina, to name a few.

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Is it me, or do these speakers resemble the broad-based coalition that is coming together to support immigration reform in 2009? We have Greenspan representing the economic and business interests, Hunter bringing the faith-based support to the table and Medina showing that the support of the labor unions is going strong.

Jackie from America’s Voice will be live-blogging the hearing, be sure to tune in at 2:00 pm and listen to what goes down. Check it out here.

The hearing is a sign that reform is really going to happen this year – this is a small step, but an extremely strong one. It shows that the momentum for reform is growing, and not just from pro-migrant advocates.

America’s Voice answers both questions posed in the hearing (“can it be done”? and “how”?):

It will be instructive to see how both parties behave during next week’s Senate Judiciary Hearing, “Comprehensive Immigration Reform in 2009, Can We Do It and How?””

With the White House recently renewing its pledge to move forward on immigration reform this year with the unified support of the nation’s largest labor coalitions, we might expect the answer to the first question to be, “Yes.”

To answer the question, “How?”

Tune into what the public- not the noisy Minuteman minority- really want. Weigh the economic benefits of legalizing twelve million underground workers and cracking down on bad-actor employers against the human and financial costs of deporting 12 million men, women, and children.

Most importantly, take the debate back from the extremists.

Not only is the hearing a great step forward, but the next day, on May 1st, hundreds of thousands of people will be taking it to the streets, showing the American public’s appetite for reform and their commitment to the issue. For more on the May Day marches, check out www.anewdayforimmigration.org.