Migrants illegally enter the U.S. by crossing the Rio Grande in rubber boats near Los Ebanos, Texas. Source: RawPixel.com. Photo: Kris Grogan, CBP Office of Public Affairs. Public domain image. The left, the Biden administration, the Fed, major investment banks and the mainstream media are crowing about the positive impact that illegal immigration is supposedly having on the U.S. economy. The truth is, the unchecked flow of people across our borders is not a boon, but an economic disaster in the making.
Let’s just begin by saying Issues & Insights does not oppose immigration. Legal immigration. We are, however, strongly opposed to illegal immigration, which undermines the rule of law, creates social chaos and crime, and has surged under President Joe Biden.
Now comes remarks by Federal Reserve Bank Chairman Jerome Powell that the stream of people crossing our national border is an economic bonanza.
“Our economy has been short labor, and […]
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