Friday, March 16, 2007

Alan Greenspan on Immigration

Bloomberg News (here) reported on March 13 that former Federal Reserve Chairman Alan Greenspan said allowing more skilled immigrants to work in the U.S. would help keep the income gap from widening. Inequality of incomes is the ``critical area where capitalist systems are most vulnerable,'' Greenspan said today in Washington at a conference on maintaining the competitiveness of U.S. capital markets convened by Treasury Secretary Henry Paulson. ``You cannot have a system that we have unless the people who participate in it believe it is just.''

KJ

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Veterans, beware. You've spent you careers on deployments to Vietnam, Desert Shield/Desert Storm and some of you are now deployed to Afghanistan or Iraq. Alan Greenspan would fill those jobs that you return to or hope to apply for during your future civilian careers with foreigners working for far less pay than expected by citizens. These new immigrants are lauded by immigration lawyers and politicians as the new life blood of the United States, but I say that this is abusive commentary on the past and present contributions of generations of citizens, especially military veterans. These new visa holders will have done nothing to earn there positions and will probably never understand or respect what you've done for your country.

Posted by: George | Mar 16, 2007 8:01:48 AM

Wonderful thing to say... does he know the middle class has diminished as the 'globalism' diminished us all.

We have illegal aliens coming north for the purpose of getting a decent job that pays good money. With their level of education, they won't do that. But they will simply join the Middle Class of American as it slowly slips downward to very limited wages.

Dumb! Next time there is a cooperate American wanting Iraq to be done.. we will allow the CEO's to show us how it is done. We will let the Democratic and Republican Party do a little pork and get a few extras in that army.

We badly need that national ballot initiative.

Posted by: Joel E. Wischkaemper | Mar 16, 2007 9:48:30 AM

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