Congress Reacts to Soaring Unemployment by Proposing More Foreign Workers


I didn't make up the title, they called it as it is. This article is from Aug. 1st.

Believe it or not, one of these bills, H.R. 2882 was voted out of committee by Democrats and thus will probably be up for a vote on the House floor. Meanwhile in the Senate:

U.S. E-Verify is set to expire in November, and its reauthorization is being blocked by Sen. Robert Menendez (D-N.J.) who is insisting that the bill include a provision to "recapture" work- and family-based immigration visas dating back to 1992

Beware of the Lame Duck.

Jittery American workers were greeted with the news today that unemployment in July reached a four-year high of 5.7 percent and that the U.S. economy shed 51,000 jobs last month on the heels of the loss of 98,000 jobs in May and June. For all of 2008, the U.S. economy has lost 463,000 jobs. Meanwhile in Congress, both houses spent the final days before their month-long summer vacation pushing for admission of hundreds of thousands of additional foreign workers

If a major financial/market news source, catering to investors and Wall Street, calls it as it is, you know it's bad.

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