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The Green-Card Racket for the Politically Connected

Creators.com

By Michelle Malkin

March 31, 2015

Can we stop putting America up for sale to the most politically connected bidders yet? Where is our self-respect?

Since 2001, I've warned about the systemic and bipartisan corruption of America's EB-5 immigrant investor visa program. The latest report from the Department of Homeland Security's inspector general — which outlines the meddling and pandering of No. 2 DHS official Alejandro Mayorkas, Nevada Sen. Harry Reid, Democratic bagman Terry McAuliffe, Hillary Clinton's brother Tony Rodham, former Pennsylvania. Gov. Ed Rendell and former Mississippi Gov. Haley Barbour, to name a few — provides yet more sordid evidence that the green cards-for-sale scheme should be completely scrapped.

Created under an obscure section of the expansionist 1990 Immigration Act, EB-5 promised bountiful economic development for the U.S. in exchange for granting permanent residency (and eventual American citizenship) to foreign investors. A few years later, Congress conjured up the idea of EB-5 "regional centers" — government-sanctioned business groups and corporate entities acting as middlemen to administer the immigrant investments and facilitate the visa peddling.

Read more . . .

Links:

The Assassination of New York (book) The story of how NYC has changed so much that the working class can no longer afford to live there. (Honolulu appears to be well on its way towards the same fate.)

U.S. home market pulls in more Chinese buyers   (Kakaako?) [USA Today] Apr 3, 2012

Why Luxury Agents Must Understand the EB-5 Visa [Inman.com] Jan 5, 2015

Building Bridges to China [Hawaii Business] Oct 2013