Weekend Reading: Olivier Blanchard (2007): Monetary Policy, Labor Markets, and Fiscal Policy

Skilled Immigration: Part VI: Romney Secret 47% Video

Mitt romney 47 video Google Search

I have long thought somebody should go through and annotate the 2012 Mitt Romney: Full Transcript of the 47% Secret Video. So I will now do it.

Part VI: Skilled Immigration:

Here we see Mitt Romney in Republican "rootless global cosmopolite" mode, cheering for skilled immigration. He doesn't elaborate--it's taken for granted that in a good world and in a good country educated people would be allowed into the United States with enthusiasm. My principal reaction, however, is that the main point of saying he likes skilled immigration is to set himself up for the pivot against unskilled immigration...

Romney: We get big dreamers, by the way.

Oh, I just, we didn't talk about immigration today. Gosh, I'd love to bring in more legal immigrants that have skill and [unintelligible]. I'd like to staple a green card to every Ph.D. in the world and say, "Come to America, we want you here." Instead, we make it hard for people who get educated here or elsewhere to make this their home...