Google’s Schmidt at AEI: Biggest Gov’t Failure Hurting Economy Is Lack of Immig. Reform

‘In the long list of stupid policies of the U.S. government, I think our attitude toward immigration has got to be near the top’

SCHMIDT: "What I've said publicly many times is that in the long list of stupid policies of the U.S. government, I think our attitude toward immigration has got to be near the top. And the reason is that we take -- we have the best universities -- by the way, it's important to establish some facts here. Somewhere between eighteen or nineteen of the top twenty universities in the world are in the United States. We take very very smart people, bring them to the country, give them a diploma and kick them out, when they go and create companies that compete with us. Brilliant strategy! I mean, I can go on, but I won't waste you audience's time. The fact of the matter is the immigration policy alone would materially improve the economic {outlook} of the United States because immigrants on balance start more companies and so forth."

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