Friday, January 18, 2008

Tighter Immigration

The business papers have well noted the bearish effects of the housing meltdown. The tightening immigration situation is another bearish factor that is not often considered. Illegal immigrants work and produce things in this country, and they spend money here. They also need houses and apartments to live in. Deport them or make it harder for them to come here in the first place, and you reduce GNP. I'm just saying.


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