By Michael R. Bloomberg
An executive’s job is to make tough decisions and convince people to follow you. That’s what CEOs are hired to do — and it’s what we elect presidents to do. By punting the legal status of young immigrants to Congress without offering his own proposal, President Trump has failed an important test of executive leadership. But his failure is Congress’s opportunity.
The administration’s threat to rescind the legal status of 800,000 individuals brought to the U.S. illegally by their parents would be a monumentally bad economic decision that — in its cruelty toward innocent people — would also be patently un-American. Business leaders I speak with from around the country, and from every major industry, understand that deporting these young people would adversely affect the labor supply as well as consumer demand. Growth would suffer, innovation would move overseas, and the future of our country would be dimmer.