They *really* never learn…
Friedman writes for the NYT:
“While I think President Obama has been doing his best to keep the worst protectionist impulses in Congress out of his stimulus plan, the U.S. Senate unfortunately voted on Feb. 6 to restrict banks and other financial institutions that receive taxpayer bailout money from hiring high-skilled immigrants on temporary work permits known as H-1B visas.
Bad signal. In an age when attracting the first-round intellectual draft choices from around the world is the most important competitive advantage a knowledge economy can have, why would we add barriers against such brainpower — anywhere? That’s called “Old Europe.” That’s spelled: S-T-U-P-I-D.”
I wonder why Friedman thinks Obama is really “doing his best”. The person who was taking the lead to fight some of those “S.T.U.P.I.D” measures last week was actually… John McCain.
But in any case, Good Ol’ Dems are showing again why they are specialists in extending a recession into something bigger and uglier.