UkraineGate Killed the Immigration Conversation Rodney Johnson | September 30, 2019 | Speaker of the House Nancy Pelosi sucked all the legislative air out of the room when she formally announced an impeachment inquiry against President Trump based on a whistleblower's allegations. This is not an impeachment proceeding, which requires a vote on the floor of the House of Representatives and directs the Judiciary Committee to undertake an investigation. Pelosi's announcement creates nothing formal and doesn't start any inquiry. It merely directs existing committees to keep doing what they've been doing, scrutinizing Trump's actions, looking for an impeachable offense. Maybe they found one in the Ukranian phone call. Maybe not. But there's no question the latest brouhaha has at least one casualty – everything else on the legislative agenda. It's conceivable that most conversations on Capitol Hill for the rest of this Congressional session will center on the whistleblower's identity, intent, and report, with Congressmen on both sides of the aisle debating the facts of the case, the level of wrongdoing, if any, and the advisability of moving toward impeachment so close to a presidential election. Everything else they might have discussed will have to wait, including immigration. That's not just unfortunate, it's a travesty. You Could Stand to Lose Everything There is no more ignoring it… our entire country has reached a critical tipping point. And, when it's forced over the edge, we could experience the largest economic decline since the Great Depression. That's why investors are getting complete access to the little-known investment research presented at the 2019 Irrational Economic Summit. Claim your Livestream Pass today. | The health of the nation depends on a vibrant, growing population, and the domestic population doesn't have enough kids to keep things going. Women of childbearing age are having just 1.7 kids, not enough to maintain the current size of the population, much less increase it. American women still want children, but for various reasons aren't having as many as they want. Unless we're going to start forcing people to have kids, which obviously is a non-starter, we either have to resign ourselves to a flat population or accept more immigrants. President Trump just approved the U.S. to accept a mere 18,000 refugees next year, down from 30,000 this year, and a fraction of the 110,000 in the last year of the Obama administration. These are people who apply to the U.N. for refugee status, and then apply for entry to countries that have agreed to accept refugees. They aren't border hoppers looking for better paying jobs, they're people whose homes have been bombed out of existence, or whose cultural groups have been persecuted. They have no home. The Trump administration noted that it lowered the limit to protect the security of the nation. That's a stretch. Refugees are vetted at least twice, once by the U.N. and then again by the U.S. This is politics, and that's the problem. The immigration policy of the U.S. is a mish-mash of administrative directives, laws, and court interpretations. The murder and crime rates in Central America have fallen in the last two years, and yet a record number of asylum seekers are knocking on our door because in 2015 a judge (in the Flores agreement) decided that accompanied children can't be incarcerated while their parents await a hearing. This led to "catch and release," where anyone traveling with kids and seeking asylum was released into the U.S. and allowed to legally work while awaiting their hearing. Amazingly, the number of asylum seekers with children exploded. I'm not knocking them. If I worried about my family's safety and saw few economic prospects in my home town, I'd look to move as well. And if I saw the chance to enter the U.S., I'd take it. But through a court ruling we created an unintended loophole, which adds to the vagaries of the lottery system for work visas, and the uneven enforcement of employment laws. And then there are the so-called Dreamers, the millions of children brought to the U.S. by their parents, who have known nothing but this country and yet are not legal residents. Whether we think they should stay or go, they deserve more than limbo. All of this cries out for legislative reform. We need action on one of the biggest issues that will shape the future of our country for decades to come. The U.S. remains an attractive destination, and immigration has been the bedrock of our nation since its founding. But instead, we're going to watch our elected officials fight over something that most Americans couldn't care less about, while every day we watch our long-term potential growth slide a little bit lower. Rodney Johnson Trending Stories... We woke up today to find the markets in a critical place. Bitcoin has had a big fallout, the flashing lights are blinking. All the signs that we could be headed for a big fall are in effect. But there are a few current events ongoing that the markets don't seem to be accounting for... I predicted in 1988 forward that the massive Baby Boom generation would peak in its spending by late 2007. Simply that 46-year lag for peak spending of the average household. That happened on cue and we've been living off of accelerating QE and now tax cuts ever since to compensate. So, with such a natural... In our 5 Day Forecast last Monday for Boom & Bust subscribers, I highlighted two scenarios – one for stocks and one for Bitcoin – that looked imminent to break up or down sharply. Well on Tuesday, Bitcoin made its break down out of a large triangle pattern that was coming to a make or... I bet you thought I was going to stomp into the minefield of gender politics with that headline, but I'm not! While I have definite views on the differences between the sexes, having raised both a son and daughters, in this instance I'm referring to something completely different… storms. Tropical Storm Imelda Wasn't Like Hurricane... Pew Research is my favorite mainstream firm, and it has just come out with results about the status of the upper, middle, and lower class in America. As you would guess, the upper class has gained ground since 1971 while the middle and lower have lost… But not as much as the top 1% and... |