Thread: Trump's incoming Chair of CEA wants to double immigration

FYI on Kevin Hassett:

America Needs more workers
… With lackluster GDP growth threatening to become our new normal, allowing more immigrants to enter for the sake of employment is one of the few policies that might restore our old normal. If the U.S. doubled its total immigration and prioritized bringing in new workers, it could add more than half a percentage point a year to expected GDP growth.

Full story here:

https://ftalphaville.ft.com/2017/04/...-as-cea-chair/

Oh no, we don't want that. We want substantially reduced immigration. Immigration may grow the GDP but it's doing so with food stamps, Medicaid, WIC, TANF, AFDC, EITC and poverty. We want to grow our GDP with higher domestic production from higher private sector incomes, not population. Growing an economy with publicly funded immigration is a Ponzi Scheme that doesn't fix or improve the US economy, it destroys it. Alas, look around, read the numbers, you'll see you're very wrong to want to increase immigration to artificially boost the GDP, when to really fix the GDP, all you would have to do is pass the FairTax and watch the Eagles Soar.

If the U.S. doubled its total immigration and prioritized bringing in new workers,

allowing more immigrants to enter for the sake of employment is one of the few policies that might restore our old normal.

GLOBALISTS TALK! Another good one - economic growth thru immigrants - doesn't matter if they are women subjugators, or child predators, or killers even or just like to drive drunk and kill our citizens. They just want more consumers to sell their crap too for profits. END GAME.

Why would we need new workers when 92 million America citizens are unemployed? Businesses make money after constructing new houses, restaurants, etc, especially in a place like new orleans that was destroyed. hispanic illegal workers shouldn't be doing the work to rebuild our cities. That should be OUR JOBS - it is sickening - shouldn't be allowed - mandate e-verify for every job now.

It is a takeover and these businesses are contributing to that & pretend they are doing something great! They just want to make more of a profit with cheaper labor It is un-American and selfish, we all have to pay for the baby booms, birthing thru schooling, healthcare, monies etc. The drug cartels are very much involved with the illegals, they couldn't operate w/o all the ways to cover selling/moving drugs @; they all are sneaky, no scruples and they are here illegally - doesn't bother them in the least, they laugh @ what is happening to Americans.

Boycott Chobani products. Read this thread on ALIPAC: https://www.alipac.us/f19/refugee-as...-idaho-345868/

by PENNY STARR
9 Apr 2017

President Donald Trump has picked an economic advisor who believes in growing the nation’s economy by importing workers and consumers, and by expanding free-trade outsourcing, despite Trump’s “buy American, hire American” campaign promises.

Kevin Hassett is slated to become chairman of the Council of Economic Advisors if he is approved by the Senate’s banking committee. If Hassett is confirmed, that will be a win for the corporatist, business-first faction in Trump’s White House, which fights for influence in the Oval Office against the populist, America-first faction that helped Trump win the election in November.

The Axios news site used three bullet points to describe what the views held by Hassett, formerly an economist at the American Enterprise Institute.

China: Hassett warned in 2010 that bashing China-U.S. trade policy would bring the U.S. back to the downward spiral in the 1930s.

Globalization: “An absolute prerequisite for long-term economic growth is full participation in the global economy and trading system.”

Immigrant workers: [E]conomic growth could expand significantly if immigration in the U.S. were expanded.”

The Financial Times said Hassett’s pick shows “nationalist forces have lost some ground when it comes to the economic advice reaching the president.” The Financial Times, in fact, used Hassett’s words to reveal his stance on issues.

• America Needs more workers

… With lackluster GDP growth threatening to become our new normal, allowing more immigrants to enter for the sake of employment is one of the few policies that might restore our old normal. If the U.S. doubled its total immigration and prioritized bringing in new workers, it could add more than half a percentage point a year to expected GDP growth.

• Understanding the role of the United States in the global economy

Liberalized trade — in broadly multilateral, regional, or bilateral agreements — is a key ingredient in the recipe for prosperity. … An absolute prerequisite for long-term economic growth is full participation in the global economy and trading system.

• Analysis of the economic effects of immigration reform

… This paper explores the economic consequences of expanded immigration on the U.S. economy. It begins by reviewing the immigration practices of our OECD trading partners, and documenting that immigration, as a share of the work force, is well below international norms. The literature identifying the economic impact of immigration is reviewed, suggesting that economic growth could expand significantly if immigration in the U.S. were expanded.

That’s a standard pitch from D.C.-based legislators, agency officials, and political advisors, all who stand to gain from a more powerful national economy and a greater inflow of taxes — no matter how immigration changes the distribution of income or the hurts the prospects of ordinary Americans and their children.

Breitbart News reported last year about a study by the National Academies of Sciences, Engineering, and Medicine:

“Deep in the report, but not in the press release, it shows how each new unskilled immigrant costs state and local taxpayers $1,600 per year. It shows how the annual cost of legal and illegal immigration to state and local taxpayer is at least $57 billion, and that each unskilled immigrant is a net loss to taxpayers for the next 75 years.”

The same study also showed how cheap-labor immigration cuts salaries and shifts wealth towards investors and company owners:

The jargon-filled, much-caveated, 495-page report does show the information needed to measure how legal and illegal immigration transfers $500 billion a year from the wages paid to working-Americans towards companies, Wall Street investors and to new immigrants. But the report does not provide a dollar figure for the ‘immigration tax.’

Immigration also provides companies with a huge new source of consumers, many of whom rely on welfare payments. For example, immigrants now comprise one-in-seven Americans, sharply increasing annual sales by retail stores, groceries, entertainment companies, and much else.

The inflow of cheap unskilled labor also slows U.S. companies’ investment in the labor-saving technology that would actually increase the average wealth of poor and rich Americans by increasing their productivity. That process is making Americans companies vulnerable to foreign companies that use robots and other machines to increase their workers’ productivity, to lower their production costs and increase their marketplace competitiveness.

But immigration makes the federal government more powerful, so the selection of pro-immigration Hassett is being cheered by D.C.- advocates, including his predecessor, Jason Furman, who chaired the CEA under former President Barack Obama.

Jason Furman ✔ @jasonfurman
Kevin Hassett is an excellent pick. He is serious about substance, committed to dialogue, & knows how to navigate DC. I wish him good luck.
2:11 PM - 7 Apr 2017
90 90 Retweets 167 167 likes

Michael Strain, Hassett’s colleague at the AEI, also praised the pick. “Kevin is a fantastic choice for CEA chair,” Strain wrote. “He is a first-class economist. He understands economics research, holds a Ph.D. in economics from the University of Pennsylvania, and has a distinguished record of peer-reviewed academic papers. His deep knowledge of economics and of the economics literature will enable him to give truly expert advice to the president and to others in the Trump administration.”

http://www.breitbart.com/big-governm...o-outsourcing/

This is just crazy. This isn't the first person Trump has appointed that supposedly doesn't support what he espoused during his many campaign speeches. This is just one issue of several that have made me question if Trump really is all he presented himself to be. Time will tell. If only he would have immediately ended DACA as promised maybe I could overlook some of this other stuff for a bit. When you break a promise that was etched in stone and is in your complete power to keep ......... well, it then makes me question a lot of other stuff too.

I think those statements are from years ago and have all been proved wrong. I doubt he could sit in a meeting and still blabber that stuff with a straight face.

Motivated, can you cut and past the whole story? I don't want to have to subscribe to the FT to read the article. Thanks.

Tuesday, April 04, 2006

Hassett on Immigration
Economist Kevin Hassett gives his thoughts on the immigration debate. An excerpt:

Immigration has been extensively studied by economists, and the literature suggests there are two main effects. First, immigrants have relatively low skills on average, so they drive down the wages of domestically born low-skilled workers. Second, immigrants tend to have different skill sets, so they increase the beneficial diversity of the workforce, making firms that hire immigrants and the overall economy more productive.

New Orleans is an example that illustrates the latter. A friend recently returned and mentioned how quickly the city is snapping back to life. He saw construction under way throughout the city, performed by swarms of workers who appeared to be predominantly Spanish-speaking. Without those construction workers, restaurants, hotels and other businesses might still be closed.

In the aggregate, cheaper construction makes it easier for firms to invest, grow and compete in the global marketplace. And there are many other areas where immigrant skills complement those of native-born Americans.

How big are these beneficial effects? A recent National Bureau of Economic Research paper by economists Gianmarco Ottaviano and Giovanni Peri was the first to attempt to quantify the benefits of labor force diversity. Their striking conclusion was that the benefits of immigration to U.S workers are positive and quite significant. They say that "immigration, as we have known it during the nineties, had a sizeable beneficial effect on the wages of U.S.-born workers."

http://gregmankiw.blogspot.com/2006/...migration.html

____________________

This was a long time ago and reality has proved all those studies and theories dead wrong. Growing the GDP through poverty-supported immigration is a guaranteed, mathematical destination to national bankruptcy and massive country-wide tax-payer funded poverty. If you need $71 billion in food stamps to "grow" farm production, then you're a loser. If you need a $450 billion dollar Medicaid program to fund "growth" in pharma and medical devices and supplies and construction of new facilities, then you're a loser. You can't grow the GDP on national debt to underwrite poverty programs created by the immigration that grew your GDP by a fraction of a point.

I haven't read the FT, Alphaville article, but I'm thinking it's quoting opinions from many years ago that all been proven dead wrong. If it's a current opinion, then he needs to be strongly corrected.