Posted on April 10, 2017

Breitbart: “President Donald Trump has picked an economic advisor who believes in growing the nation’s economy by importing workers and consumers, and by expanding free-trade outsourcing, despite Trump’s “buy American, hire American” campaign promises.
Kevin Hassett is slated to become chairman of the Council of Economic Advisors if he is approved by the Senate’s banking committee. If Hassett is confirmed, that will be a win for the corporatist, business-first faction in Trump’s White House, which fights for influence in the Oval Office against the populist, America-first faction that helped Trump win the election in November.”

“Immigration also provides companies with a huge new source of consumers, many of whom rely on welfare payments. For example, immigrants now comprise one-in-seven Americans, sharply increasing annual sales by retail stores, groceries, entertainment companies, and much else.
The inflow of cheap unskilled labor also slows U.S. companies’ investment in the labor-saving technology that would actually increase the average wealth of poor and rich Americans by increasing their productivity. That process is making Americans companies vulnerable to foreign companies that use robots and other machines to increase their workers’ productivity, to lower their production costs and increase their marketplace competitiveness.”

Consider the processing speeds of computers. People considering market options would be silly not to take advantage of their ability to look at 25,000 – 30,000 possibilities in a second. Robotics are coming.

ObamaCare and a $15 minimum wage have shoved aside those hungry teenagers out there for the first time stumbling their way into a new and bright future.

As far as Hassett is concerned, think about the Obama administration, who did not agree with him?


Breitbart: Donald Trump’s Pick For Top Economic Adviser Is Pro-Immigration, Pro-Outsourcing

Posted in: News, Politics