Mitt Romney: importing more cheap workers will reduce salaries, fix USA's inflation problems

[1srelluc]

"Congress can actually help by increasing legal immigration, expanding the number of work visas in sectors that face worker shortages, securing the border, reducing tariffs on our allies, facilitating oil, gas, nuclear and renewable development, and reining in spending."

Mitt Romney Thinks More Work Visas Will Fix Inflation

That's enough talking points from Bain Capital for the day, thanks Mitt.

 

[Meister]

Powell says that unemployment has to rise to 6% before they will consider slowing the rate hikes.
One hell of a way to reduce a recession. That will not lend to a soft landing, but will lead to a crash and burn.
(pun intended)

 

[kyzr]

Inflation is "sticky", meaning its not a quick or easy fix.
Romney is an idiot if he thinks cheap labor will reduce inflation.
All it would do is make unemployment worse, and the recession deeper.

If you were one of the workers laid off, you would NOT welcome more cheap labor, would you?

 

[Vrenn]

"Congress can actually help by increasing legal immigration, expanding the number of work visas in sectors that face worker shortages, securing the border, reducing tariffs on our allies, facilitating oil, gas, nuclear and renewable development, and reining in spending."

Mitt Romney Thinks More Work Visas Will Fix Inflation

That's enough talking points from Bain Capital for the day, thanks Mitt.

Actually, we do need more work visas right on the southern border and make their employers responsible for their transportation and return when the visa runs out. We had a few employers (fruit and veggie harvest) transport, house and found employees that qualified for work visas. That program all but dried up and the employers are barely getting by these days. It has nothing to do with inflation. It has to do with getting legal workers.

 

[Vrenn]

Inflation is "sticky", meaning its not a quick or easy fix.
Romney is an idiot if he thinks cheap labor will reduce inflation.
All it would do is make unemployment worse, and the recession deeper.

If you were one of the workers laid off, you would NOT welcome more cheap labor, would you?

Romney didn't say he wanted to fire workers. That was you MAGAts that dream that up from thin air.

 

[kyzr]

Romney didn't say he wanted to fire workers. That was you MAGAts that dream that up from thin air.

Your post doesn't reply to my post.
Please re-read and then reply.

The question is "does more cheap labor reduce inflation"?

 

[MinTrut]

"Congress can actually help by increasing legal immigration, expanding the number of work visas in sectors that face worker shortages, securing the border, reducing tariffs on our allies, facilitating oil, gas, nuclear and renewable development, and reining in spending."

Mitt Romney Thinks More Work Visas Will Fix Inflation

That's enough talking points from Bain Capital for the day, thanks Mitt.

Mitt's the OR.

(Original RINO.)

 

[JoeB131]

"Congress can actually help by increasing legal immigration, expanding the number of work visas in sectors that face worker shortages, securing the border, reducing tariffs on our allies, facilitating oil, gas, nuclear and renewable development, and reining in spending."

Mitt Romney Thinks More Work Visas Will Fix Inflation

That's enough talking points from Bain Capital for the day, thanks Mitt.

God, as much as I hate saying this, he's not wrong.

We are facing a worker shortage right now, because baby boomers are retiring faster than Gen Z can replace them. This is a major driver of inflation, as unskilled workers are going for a premium. Complicating that further is that Gen Z doesn't have the same workplace

 

[1srelluc]

God, as much as I hate saying this, he's not wrong.

We are facing a worker shortage right now, because baby boomers are retiring faster than Gen Z can replace them. This is a major driver of inflation, as unskilled workers are going for a premium. Complicating that further is that Gen Z doesn't have the same workplace

2 million illegals in two years and they can't find help.....They ain't tryin'.....Teach them to code.

Fuck a bunch of (dot) Indians.

 

[Vrenn]

Your post doesn't reply to my post.
Please re-read and then reply.

The question is "does more cheap labor reduce inflation"?

You already MAGAted out in beginning and don't deserve your leading questions to be answered.

 

[g5000]

Powell says that unemployment has to rise to 6% before they will consider slowing the rate hikes.

Link?

 

[1srelluc]

Hey, maybe Mittens can hook-up all those 10K mostly H1Bs that Amazon is giving the axe to this week.

 

[Vrenn]

Hey, maybe Mittens can hook-up all those 10K mostly H1Bs that Amazon is giving the axe to this week.

I won't vote for him and I can bet you have no idea why.

 

[flan327]

Mitt's the OR.

(Original RINO.)

I respect Mitt Romney

 

[SassyIrishLass]

I remember when leftists we're obsessed over Mitt's magical underwear

 

[Vrenn]

I remember when leftists we're obsessed over Mitt's magical underwear

Before he got into Public Office, he operated as a Hatchet Man and was hired to shut down more than a few companies. When the companies were shut down, they were transferred overseas (mostly China)

 

[SassyIrishLass]

Before he got into Public Office, he operated as a Hatchet Man and was hired to shut down more than a few companies. When the companies were shut down, they were transferred overseas (mostly China)

Grasp! But now you respect him. Strange

 

[g5000]

When inflation was around 18 percent, Paul Volker raised interest rates which then led to a lot of job losses.

So in 1980, he caved.

And inflation came roaring back.

Volker than had to raise interest rates again and stick to his guns. The US went into a recession, but when we came out of it the American economy took off bigly.

Powell needs to stick to his guns.


There is a very good chance of a recession. The yield curve is inverted. That's been a very reliable indicator of a pending recession.


Powell announced a very strange metric he is using to determine when he will throttle back on interest rates: https://www.federalreserve.gov/mediacenter/files/FOMCpresconf20220921.pdf

You want to be at a place where real rates are positive across the entire yield curve.


Since 2007, the Federal Reserve balance sheet has gone from around $870 billion to about $9 trillion.


That's a fuck ton of excess cash chasing too few goods.

The only way to lower inflation is to burn all that excess cash. And that's going to hurt. A lot.

Years ago, I called this massive expansion the Fed's Bond Bubble Doomsday Machine.

That bubble is finally starting to pop.

 

[MinTrut]

I respect Mitt Romney

RINOs need love too!

 

[Vrenn]

Grasp! But now you respect him. Strange

Not once have I ever said that respect him. Stop making shit up, MAGAt.