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You're reading: To create US jobs, bring in immigrants

But with 27 million people unemployed or underemployed and Obama’s own job depending on whether or not he can bring down the unemployment rate in time for next year’s presidential election, every job-creating opportunity is worth pursuing.

Which is why Homeland Security chief Janet Napolitano and Alejandro Mayorkas, the director of U.S. Citizenship and Immigration Services (USCIS), announced "streamlining measures" to America‘s complicated immigration laws a few weeks before the president laid out his ideas on how to spur growth, a mix of tax cuts and infrastructure spending.

Unlike the Obama plan, tweaks to existing immigration rules need no approval from Congress so the administration has no-one to blame if the streamlining fails to yield results, such as a rush of foreigners investing $500,000 in a U.S. project that generates at least 10 jobs in areas of economic hardship and high unemployment. The incentive, apart from possible profits: a fast track to a "green card" (permanent residence) and U.S. citizenship for the entrepreneur and his family.

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