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3.6 million new jobs by 2010: 3.2 more foreign workers

These are the numbers

http://www.numbersusa.com/content/nu...-feds-import-3

Quote:

New Stimulus Projections -- At most 3.6 million jobs, while feds import 3.2 million new foreign workers
By beckr
Created 02/17/2009 - 10:35am

Tuesday, February 17, 2009 - 10:30

The body field of the blog entry is not used.
Homepage Teaser:

Two analyses of the just-enacted bill suggest that foreign workers will benefit from either 90% of increased employment due to the nearly-trillion-dollar Stimulus bill, or ALL of the extra employment. Sound incredible? Read on ....

Two analyses of the just-enacted bill suggest that foreign workers will benefit from either 90% of increased employment due to the nearly-trillion-dollar Stimulus bill.

Or foreign workers will benefit from ALL of the extra employment.

Sound incredible?

Read on ....
1.2 or 2.5 or 3.6 MILLION MORE JOBS AT END OF 2010

A private firm, IHS Global Insight, has analyzed the package and stated the results in a webcast briefing. Instead of looking at jobs directly created by the Stimulus bill, IHS estimated how many fewer jobs will be lost in the economy overall.

With or without the Stimulus, the United States will lose a lot more jobs this year, IHS said. But WITH the Stimulus, 2.5 million more people will have jobs than without the stimulus at the end of 2010, it concluded.

That is far short of the 4 million goal that Pres. Obama had set.

It falls in the middle of projections by the Congressional Budget Office which estimates that the Stimulus bill may result in as few as 1.2 million more jobs in the economy at the end of 2010. But it also says there could be as many as 3.6 million more.
3.2 MILLION MORE FOREIGN WORKERS BY END OF 2010

Unfortunately, I am not aware of a single mainstream news outlet that has juxtaposed estimates for jobs created/protected with the anticipated number of new foreign workers that the feds plan to import over the next two years.

The mainstream media's refusal to talk about this subject is one of the truly great failings of the news media today.

The dirty open secret that the media continue to coverup is that the feds currently plan to bring in about the same number of new foreign workers as the Stimulus is going to create/protect jobs.

Based on the most recent government data and on the lack of any reported change in immigration policies, we can expect over the next two years that the feds will import:

* 1,490,000 working-age (20-64) permanent immigrants
* 1,826,000 foreign workers on temporary visas

Thus, the nearly trillion dollars of Stimulus money (borrowed from our children and grandchildren) will be used so that the U.S. economy will have between 1.2 million and 3.6 million more jobs at the end of 2010. (Click here to read NumbersUSA's take on the stimulus bill)

But the feds will have brought into the country over that time an extra 3.3 million foreign workers to compete for those jobs.

Looks me like we could have saved the trillion dollars, suspended immigration and ended up with the same level of unemployment.

Does anybody in government or the news media care?

ROY BECK is Founder & CEO of NumbersUSA

Meet the new boss the same as the old boss

why do you hate America?

From the article:

Quote:

Looks me like we could have saved the trillion dollars, suspended immigration and ended up with the same level of unemployment.

This is quite possibly the stupidest thing I've heard all day.

Quote:

Originally Posted by Libertine (Post 15515855)

From the article:

This is quite possibly the stupidest thing I've heard all day.

2.5 million jobs lost last year. 1.5 million foreign workers imported. Not including "illegals"

Those numbers are bullshit.

Quote:

The H-1B is a non-immigrant visa in the United States under the Immigration & Nationality Act, section 101(a)(15)(H). It allows U.S. employers to temporarily employ foreign workers in specialty occupations.

http://www.businessweek.com/blogs/mo...e+with+readers

Anyway... the source he is quoting is owned by a well known neo-con...

http://www.politicalfriendster.com/s...eph-E-Kasputys

I agree that there should be way stronger protections for us workers as far as h-1b visa are concerned... but the numbers he is pushing aren't even close to accurate.

Quote:

Originally Posted by IllTestYourGirls (Post 15515888)

2.5 million jobs lost last year. 1.5 million foreign workers imported. Not including "illegals"

But of course! The low-skilled jobless should be given the jobs that highly skilled foreign workers are getting!

Quote:

Originally Posted by Libertine (Post 15516291)

But of course! The low-skilled jobless should be given the jobs that highly skilled foreign workers are getting!

Please give a source that the 1.5 million visa workers and "illegals" were highly skilled.

I believe h-1b visa limit is 65,000

he is just angry his guy lost. lol

If Americans would get off their asses and do the fucking work, the companies would NOT be looking to other countries for employees.

Quote:

Originally Posted by tony404 (Post 15516383)

he is just angry his guy lost. lol

Im bitching about Bush policies right now. Try to keep up.

Here is the paper by Romer and Bernstein with their estimates.
http://otrans.3cdn.net/45593e8ecbd339d074_l3m6bt1te.pdf

This was before the actual bill was passed so some changes I am sure but you get the general idea of what they are thinking. Krugman (Nobel laureate) thinks the numbers are approximately right. I think he went a little lower but not significantly.

Romer is an often referenced economist. I've read about 400 economics/business books and come across her name quite a bit. The most recent being "Recessions and Depressions" by Knoop which I highly recommend.

Quote:

Originally Posted by pornguy (Post 15516399)

If Americans would get off their asses and do the fucking work, the companies would NOT be looking to other countries for employees.

I agree with this, but it's also about cutting the costs and let's face it, an American sometimes equal 5 foreign workers cost wise, so either we set our standards lower to get the work back or we go on unemployed. :/

Quote:

Originally Posted by IllTestYourGirls (Post 15516401)

Im bitching about Bush policies right now. Try to keep up.

really you said Meet the new boss the same as the old boss didnt you?