Entries in National Council on Foreign Relations (1)


Bloomberg: 'National Suicide' to Not Fix Immigration System

The City of New York(NEW YORK) -- While Democrats and Republicans trade jabs over how to more quickly stimulate job growth, New York City Mayor Michael Bloomberg on Wednesday said both parties are overlooking “the one thing” that can do the trick: encouraging more legal immigration to the United States.
“It’s what I call national suicide -- and that’s not hyperbole,” Bloomberg told a symposium at the Council on Foreign Relations. “Every day that we fail to fix our broken immigration laws is a day that we inflict a wound on our economy.”
Bloomberg cited a new report by the Partnership for a New American Economy, an advocacy group he founded jointly with News Corp. CEO Rupert Murdoch, that found more than 40 percent of Fortune 500 companies were started by an immigrant or a child of immigrants and now employ more than 10 million people worldwide.
“Immigrants and their children have been responsible for creating millions more jobs in all 50 states,” he said. “The reason is simple: immigrants are dreamers and risk-takers who are driven to succeed, because they know that in America, hard work and talent are rewarded like nowhere else.”
Bloomberg said the “single most powerful step” to spur job growth is enacting a five-point bipartisan reform that would allow foreign graduates of U.S. universities to obtain green cards; lure foreign entrepreneurs to innovate on American soil; end caps on visas for highly skilled workers; ensure an abundant supply of agricultural guest workers; and set green card limits based on the country’s economic needs, not an immigrant’s family ties.
“The public cares about two things: housing and jobs. My house, my job. And if you want to do something in this country to create jobs, better jobs and more jobs, and a better chance to keep your houses, the one thing we can do is not expensive for this country, it’s not a big stimulus of trillions of dollars, it is immigration reform,” he said.
“That will get the best and the brightest from around the world, those that are the hungriest and willing to work the hardest to come here and create exactly what we need.”

Copyright 2011 ABC News Radio

ABC News Radio