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The Crispety, Crunchety Sound of Lou Dobbs Eating Crow

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An investigation by Isabel Macdonald of The Nation, found that Dobbs, who made his name by railing against immigration, “has relied for years on undocumented labor for the upkeep of his multimillion-dollar estates and the horses he keeps for his 22-year-old daughter, Hillary, a champion show jumper.”

This past April, Dan Griswold, director of the Center for Trade Policy Studies at the Cato Institute, made an outstandingly compelling case for real immigration reform titled "The U.S. Needs to Let More Workers In."

He wrote:

"The key to reducing illegal immigration will be a strong temporary-worker program. This has been the missing ingredient of past efforts.

"The 1986 Immigration Reform and Control Act legalized almost three million illegal immigrants. It also ramped up enforcement through increased border patrols and sanctions against those employing illegal workers. Yet it contained no provision for expanding legal immigration. Today, everybody agrees the act was a failure.

"We know from experience that expanding opportunities for legal immigration can sharply reduce illegal immigration. In the 1950s, Congress dramatically expanded the number of temporary-worker visas through the Bracero Program. The result was a 95 percent drop in arrests at the border. If Mexican and Central American workers know they can enter the country legally to fill jobs, they will be far less likely to enter illegally.

"A workable temporary-visa program would allow border agents to concentrate their efforts on intercepting real criminals and terrorists at the border. It would also reduce the temptation to hire illegal workers, in turn reducing the need to raid workplaces and impose national ID cards, employment verification systems, and other burdens on American citizens."

Griswold also explained how allowing more immigrants into America will strengthen our country's current plodding path to economic recovery:

"Allowing more legal workers to enter the country would also boost the productive capacity of our economy by allowing important sectors to expand, creating more middle-class employment opportunities for Americans. A 2009 Cato Institute study predicted that a sufficient temporary-worker program would boost the real income of U.S. households by $180 billion a year. A January study by the Center for American Progress came to a similar conclusion."

Griswold ultimately spelled out an answer:

"Enforcing a flawed immigration system has wasted tax dollars, frustrated the public, and created an underground labor force living in a legal twilight zone. The answer is comprehensive reform offering earned legalization to the millions of undocumented workers already here, temporary visas to new workers to meet our future labor needs, and sensible enforcement aimed at the remaining small minority that refuses to work within the new system."

Lou--you can get on Cato's e-mail list. It's really quite easy. Here, just click this link.

I even bolded it and made it a different color so you'd be able to see it.
POSITION:  No positions in stocks mentioned.