Immigration Reform: Wall Street Must Be Behind Dream Act For PassageBy Stephanie Robins on November 26, 2010, 7:42 am Posted in Finance News
The Dream Act seemingly has nothing to do with Wall Street. Those more discriminating in their research will immediately notice that it has everything to do with Wall Street. The Dream Act is a kind of amnesty bill that grants a road to citizenship for those children who grew up here and either served in the military or completed a college education. Those without college and worked hard seem to be left out. It looks like the higher education lobby has a hand in the Dream Act as well.
Assume the law passes and we have many people now legitimized. This adds people to the work force which brings down wages. This is good for shareholders. One does not need a degree in finance to figure this out. Therefore, Wall Street most definitely has a hand in the promulgation of a Dream Act.
All Are Guilty
Wall Street has stocks listed that are connected to Spanish language stations. NBC Universal especially is into Spanish language broadcasting. When you see hosts of these shows pushing the Dream Act it is for their benefit in propping up their stations. They want to maintain viewership at all costs. Everyone who pushes any law for that matter, does it out of self-interest.
The Dream Act might be acceptable in better times. Now that Wall Street is used to having companies “lean and mean,” the Dream Act serves their purposes. Their front people like the Chamber of Commerce is also on board in pushing the Dream Act.
The bottom line is whatever is good for Wall Street will become a reality. Congress obviously will not pass this act quickly or feel the wrath of the people. Somehow the Dream Act will be passed in one form or another or by Executive Order sometime in the future.