In a major speech to the Council on Foreign Relations on Wednesday, New York City Mayor Michael Bloomberg says the United States risks “national suicide” if it doesn’t adopt a more welcoming immigration policy.
“We will not remain a global superpower if we continue to close our doors to people who want to come here to work hard, start businesses, and pursue the American dream,” Bloomberg said.
"The American dream cannot survive if we keep telling the dreamers to go elsewhere,” the mayor adds. “It’s what I call national suicide – and that’s not hyperbole.”
Immigration reform, he argues, is the key to creating new jobs and setting the economy on a steady path into the future.
Bloomberg’s speech comes as the Partnership for a New American Economy, of which he is a co-chair, releases a report looking at the role that immigrants play at Fortune 500 companies and the potential. Forty percent of Fortune 500 companies were founded by immigrants or the children of immigrants, the report notes.