There's stupid, there's really stupid, and then there's intentionally screwing the American public.
The Libertarian "party view", including Gary Johnson, when it comes to immigration falls into the latter category.
LEGAL IMMIGRATION STRENGTHENS AMERICA'S ECONOMY AND THE social fabric. It will also strengthen our relationship with our southern neighbor Mexico.
It should be easier for a potential immigrant to get a work visa. Potential immigrants should pass a background check, and then be issued a Social Security card, which would allow them to pay income, payroll, and all other taxes workers pay.
There should be a two-year grace period for illegal immigrants to attain work visas so they can continue contributing to America and begin taking part in American society openly.
Immigrants with temporary work visas should have access to the normal procedures for gaining permanent status and citizenship, and should be able to bring their families to the U.S. after demonstrating ability to support them financially.
His opening statement is a lie and I will prove it.
|Management, professional, and related occupations||105,708||66,918||38,790||-||9.95%|
|Sales and office occupations||32,812||14,748||18,064||-||3.09%|
|Farming, fishing, and forestry occupations||13,332||10,617||2,714||1||1.26%|
|Construction, extraction, maintenance, and repair occupations||6,213||6,086||127||-||0.59%|
|Production, transportation, and material moving occupations||40,749||30,865||9,884||-||3.84%|
|No occupation/not working outside home||523,911||191,408||332,496||7||49.33%|
Students or children
(I added the percentage column -- the rest is exactly as presented by DHS.)
49% of the legal immigrants given permanent residence status in the last fiscal year had no job outside the home and another 27% had no known occupation.
That is, 76% of the legal immigrants coming into the country last year who were given permanent residence status are not producing anything in the economy. While 26% of those are children, who we can presume will eventually become productive citizens, fully half of those granted permanent residence status are adults and a net drain on the social fabric of our society.
To put this in perspective this is depressing the labor participation rate -- dramatically. Further, the unemployed figure plus "unknown" adds to 36% which is some four times the national unemployment rate.
The Libertarian Party's policy on this matter, along with the rest of the major political parties, is an intentional factual lie and economically bankrupt.
If you want more unemployment, bigger government and less prosperity, you want Gary Johnson's, Mitt Romney's or Obama's immigration policies.
If you want less unemployment, smaller government and more prosperity you want to send the illegal immigrants home and refuse entrance for permanent residency to those who cannot prove they are net contributors to our society.
Where We Are, Where We're Heading (2013) - The annual 2013 Ticker
The content on this site is provided without any warranty, express or implied. All opinions expressed on this site are those of the author and may contain errors or omissions.
NO MATERIAL HERE CONSTITUTES "INVESTMENT ADVICE" NOR IS IT A RECOMMENDATION TO BUY OR SELL ANY FINANCIAL INSTRUMENT, INCLUDING BUT NOT LIMITED TO STOCKS, OPTIONS, BONDS OR FUTURES.
The author may have a position in any company or security mentioned herein. Actions you undertake as a consequence of any analysis, opinion or advertisement on this site are your sole responsibility.
Looking for "The Best of Market Ticker"? Check out Ticker Classics.
Market charts, when present, used with permission of TD Ameritrade/ThinkOrSwim Inc. Neither TD Ameritrade or ThinkOrSwim have reviewed, approved or disapproved any content herein.
The Market Ticker content may be reproduced or excerpted online for non-commercial purposes provided full attribution is given and the original article source is linked to. Please contact Karl Denninger for reprint permission in other media or for commercial use.
Submissions or tips on matters of economic or political interest may be sent "over the transom" to The Editor at any time. To be considered for publication your submission must include full and correct contact information and be related to an economic or political matter of the day. All submissions become the property of The Market Ticker.