President-Elect Obama’s Job Stimulus Will Not Reduce Joblessness

A NumbersUSA report shows that President-Elect Barack Obama’s job stimulus plan, if successful, would have no impact on joblessness in America whatsoever if our immigration policy remains unchanged.

Obama’s economic advisers recently estimated that the Obama plan would create create 2.1 million new jobs and prevent 1.6 million currently employed U.S. workers from losing their jobs over the next two years.  This plan would cost taxpayers between $775 billion and $1.2 trillion.

However, America’s archaic and inefficient immigration policies would prevent the Obama plan from reducing joblessness.  If our immigration policies remain unchanged, the Obama Administration will authorize 3.3 million new, working age foreigners  to take U.S. jobs over the next two years — enough foreign workers to fill every job created under the Obama plan, plus 1.3 million existing U.S. jobs.

Click here to read the report, Putting Americans Back to Work?, in full.