Mr. President. for a long time. I have been making statements about the depressive effect uncontrolled and unlimited immigration has on our economy. It is indeed encouraging to read that one of the Nations leading economists and the president of the University of Colorado. Arnold R. Weber. agrees with my assertions. In a recent article in Duns Review entitled "With U.S. Immigration Policy in Crisis. Businessmen Must Speak Out." he correctly points out that immigration is in many ways an economic phenomenon. President Weber states: Immigration flows will also have a highly significantalbeit indirectimpact on macroeconomic development and policy . . . if the labor market continues to be supersaturated with immigants. both legal and illegal. unemployment will persist at high levels.... The pressure of unemployment will engender political demands for economic stimulation that even the most dedicated conservative will find difficult to resist. At the same time. the highly elastic labor supply created by unregulated immigration flows will impose a natural brake on capitalforlabor substitution. with depressing effects on investment and productivity. I ask unanimous consent that President Webers article be printed in the RECORD.
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