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Greenspan wants more H-1Bs or else US workers become "privileged elite"

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high density Donating Member (1000+ posts) Send PM | Profile | Ignore Fri May-01-09 07:35 AM
Original message
Greenspan wants more H-1Bs or else US workers become "privileged elite"
Edited on Fri May-01-09 07:36 AM by high density
Oh, and more cheap labor will fix his housing bubble, too! It's win win win win win if you ask Mr. Greenspan!

Greenspan: H-1B cap would make U.S. workers 'privileged elite'

WASHINGTON - Former Federal Reserve chairman Alan Greenspan today offered a spirited defense of the controversial H-1B program, telling a U.S. Senate subcommittee that the visa quota is "far too small to meet the need," and that it protects U.S. workers from global competition, creating a "privileged elite."

Greenspan, testifying on immigration reform before the Subcommittee on Immigration, Border Security and Citizenship, said more skilled immigration was needed "as the economy copes with the forthcoming retirement wave of skilled Baby Boomers."
...
Greenspan provided a list of reasons for increasing skilled competition. One in particular, would help fix a problem -- the housing bubble -- that grew on his watch as Fed chair, a position he held from 1987 to 2006.

Skilled workers from overseas "will, out of necessity, move into vacant housing units; the current glut of which is depressing prices of American homes," said Greenspan. In 2005 Greenspan characterized rising housing prices as "froth."

http://www.computerworld.com/action/article.do?command=...


So when we're losing about 600-800k jobs a month, the thing we want to do to fix the economy is import more workers. Has anybody told him yet that the baby boomers aren't retiring because the stock market tanked?
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hobbit709 Donating Member (1000+ posts) Send PM | Profile | Ignore Fri May-01-09 07:40 AM
Response to Original message
1. How about we outsource Greenspan?
Of course the hard part is finding a country crazy enough to take him.
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Bandit Donating Member (1000+ posts) Send PM | Profile | Ignore Fri May-01-09 07:46 AM
Response to Original message
2. IMO he is one of the main reasons we are in the shape we are.
Why is this man still given any credibility and time on the air?
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Triana Donating Member (1000+ posts) Send PM | Profile | Ignore Fri May-01-09 07:51 AM
Response to Original message
3. When Baby Boomers retire there are a LOT of skilled younger workers that are US citizens
who can take their place. We do not NEED to import workers.

Does Greenspan think no one ever had any kids?

What a f*cking MORON!
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izquierdista Donating Member (1000+ posts) Send PM | Profile | Ignore Fri May-01-09 08:51 AM
Response to Reply #3
5. There are a lot retired already
Many have taken incentives or early retirement or are "self-employed consultants" or are otherwise twiddling their thumbs because of the shitty economy.
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LiberalFighter Donating Member (1000+ posts) Send PM | Profile | Ignore Fri May-01-09 08:01 AM
Response to Original message
4. Greenspan is senile
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