One More Barrier to Recovery

This week a coalition of mainstream, republican-leaning, business organizations including the National Retail Federation, the National Association of Manufacturers and the US Chamber of Commerce filed suit against the Trump Administration in a move to block Donald Trump’s executive order restricting non-immigrant worker visas. 

Strangely, Donald Trump has made the determination to not admit Information technology workers, engineers, nurses and doctors, students and others to come here under work visas. We're not talking about seasonal labor – rather skilled workers that would legally come here on a short term basis to contribute to the economic recovery of this nation in the midst of a pandemic. 

I’m a capitalist and a recovering financial guy and it seems to me that if you want to kick the economy in the ass for recovery you might consider all the tools available in the economic tool box to make that happen.  Each and every last tool.  And by logical extension - accept the reality that these jobs aren’t going to disappear into the ether. Technical talent is a fungible commodity in the global economy. If the next technology start-up isn’t allowed to take root here it will likely take root somewhere else – like Canada, Europe, the UK or possibly China. 

An American manufacturer struggling to return to business as usual or expand a production line or open a new facility should have access to talent from abroad to facilitate that commerce. Preventing it just doesn’t make any sense to me. Trump is not acting in our economic best interests.

Sucks when the business community has to use the judicial process to engage in capitalism. 

We are living in weird times for sure. 

Have a terrific weekend everybody......