President Trump ran on the slogan, “buy, American, hire American,” which touched the hearts of Americans all over the country, especially with the promise of jobs and economic relief. Now, the President’s top pick for Economic Adviser is Kevin Hassett, pro-immigration, pro-outsourcing, and a supporter of non-American workers.
If he is approved by the senate’s banking committee, Hassett will take his place as Trump’s top economic expert. If he is confirmed, this spells the end of Trump’s “America First” rhetoric that he used to win the election. Hassett is “business first”, and willing to import whoever or whatever he needs to get the job done.
Breitbart explains the details:
The Axios news site used three bullet points to describe what the views held by Hassett, formerly an economist at the American Enterprise Institute.
China: Hassett warned in 2010 that bashing China-U.S. trade policy would bring the U.S. back to the downward spiral in the 1930s.
Globalization: “An absolute prerequisite for long-term economic growth is full participation in the global economy and trading system.”
Immigrant workers: [E]conomic growth could expand significantly if immigration in the U.S. were expanded.”
The Financial Times said Hassett’s pick shows “nationalist forces have lost some ground when it comes to the economic advice reaching the president.” The Financial Times, in fact, used Hassett’s words to reveal his stance on issues.
• America Needs more workers
… With lackluster GDP growth threatening to become our new normal, allowing more immigrants to enter for the sake of employment is one of the few policies that might restore our old normal. If the U.S. doubled its total immigration and prioritized bringing in new workers, it could add more than half a percentage point a year to expected GDP growth.
• Understanding the role of the United States in the global economy
Liberalized trade — in broadly multilateral, regional, or bilateral agreements — is a key ingredient in the recipe for prosperity. … An absolute prerequisite for long-term economic growth is full participation in the global economy and trading system.
• Analysis of the economic effects of immigration reform
… This paper explores the economic consequences of expanded immigration on the U.S. economy. It begins by reviewing the immigration practices of our OECD trading partners, and documenting that immigration, as a share of the work force, is well below international norms. The literature identifying the economic impact of immigration is reviewed, suggesting that economic growth could expand significantly if immigration in the U.S. were expanded.